Local News
Cambodia’s Exports to Korea Skyrocket, Surging 2048% in 2023
In a remarkable surge, Cambodia’s exports to the Republic of Korea soared to US$26.21 million in 2023, marking a staggering increase of 2048% compared to the previous year’s US$1.22 million. This substantial growth underscores the robust trade relationship between the two nations, facilitated by the CKFTA agreement. The data, disclosed by the spokesperson of the […]
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Cambodia and Laos Discuss Plans for Border Crossing Bridge
Cambodian government and the Government of Laos PDR are in talks regarding the construction of a border crossing bridge, enhancing bilateral cooperation between the two nations. PM Samdech Hun Manet of Cambodia and PM HE Sonexay Siphandone of Laos PDR deliberated on this significant project during their meeting in Vientiane on March 25. The proposed […]
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Thirteen Korean Companies Eye Increased Investment in Cambodia
Thirteen prominent Korean companies, led by Mr Hacheong Yun, Director General of the Korea Trade and Investment Promotion Agency (KOTRA Phnom Penh), have expressed keen interest in expanding their investment footprint in Cambodia. The delegation met with Deputy PM Sun Chanthol to explore lucrative investment opportunities, capitalising on Cambodia’s promising economic landscape. During the meeting, […]
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Cambodia Pioneers Digital Education with Launch of First Digital University in Kampong Speu Province
The Cambodian government has taken a significant step towards advancing digital education by issuing a sub-decree to establish the country’s inaugural digital university in Kampong Speu province. Sub-Decree No. 60, signed by Prime Minister Hun Manet on 22 March 2024, heralds the establishment of the Digital University of Cambodia (DUC), a pioneering private higher education […]
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Australian-Cambodian Partnership Launches 1,000-Hectare Smart Corn Farm in Siem Reap
AG AGRIBUSINESS ASIA (CAMBODIA) CO., LTD. has collaborated with ING Holdings Co., Ltd. in Cambodia to inaugurate a state-of-the-art corn farm spanning approximately 1,000 hectares in Siem Reap province. During the inauguration ceremony on 25 March 2024, attended by HE Prak Sophoan, Governor of Siem Reap, Mr. Benjamine Bootle, Managing Director of AGG Business Asia, […]
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Cambodia’s Exports Surge to Nearly US$12bn Under New Government within Six Months
Cambodia’s export trade has soared to impressive heights under the leadership of the new government, with a remarkable trade volume of US$11.8 billion recorded from September 2023 to February 2024. This figure reflects a substantial increase of 16.57% compared to the corresponding period last year. PM Samdech Hun Manet disclosed these statistics during the plenary […]
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World Bank Allocates US$35 Million for Climate-Resilient Road Project in Cambodia
The World Bank has greenlit an additional US$35 million credit to fortify road infrastructure against climate change impacts in three Cambodian provinces, as announced in a recent press release. This allocation, approved by the World Bank’s Board of Executive Directors on 15 March, supplements the ongoing Cambodia Road Connectivity Improvement Project (RCIP), aimed at enhancing […]
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Cambodia Secures US$1.81bn in Concessional Loans for Public Investment Projects in 2023
In 2023, the Cambodian government inked substantial concessional loan agreements with development partners, amounting to a noteworthy US$1.81 billion. This figure represents 79% of the legal ceiling permitted by law (SDR 1,700 million), as revealed in the Cambodian Public Debt Statistics Bulletin released by the Ministry of Economy and Finance. The newly signed concessional loan […]
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Cambodia Secures EU Grant Aid Worth Nearly US$86m to Boost Key Sectors
Cambodia and the European Union (EU) have formalised a grant aid agreement amounting to almost US$85.6 million, aimed at bolstering pivotal sectors crucial for sustainable development. The signing ceremony, presided over by HE Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, alongside representatives from the European Union Member States, marks a […]
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Gov’t Unveils Ambitious Plan to Transform Villages into “Rural Borey”, Modern Rural Communities
Samdech Hun Manet PM of Cambodia revealed the Royal Government’s groundbreaking initiative to establish “rural boreys” aimed at elevating the living standards of provincial residents. The announcement came during the conclusion of the Ministry of Rural Development’s gathering on 20 March 2024. “Rural Borey entails the transformation of villages into well-equipped communities, complete with essential […]
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