Local News
Chinese Investors Commit USD 2 Billion to Transform Kampong Speu Province
Chinese investors have pledged a transformative USD 2 billion investment into Kampong Speu Province, aiming to invigorate its economy, expand manufacturing capacity, and create approximately 30,000 job opportunities. This landmark announcement was made by HE Cheam Chansophoan, Governor of Kampong Speu, during a high-profile visit to Hong Kong on 21 December 2024. This significant financial […]
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NR 41 Completion Marks Milestone in Cambodian Transportation
NR 41, a vital addition to Cambodia’s infrastructure, has officially been completed with a total investment exceeding USD 67 million. Stretching over 95 kilometers, the road links NR 4 in Kandal to NR 3 in Kampot, dramatically enhancing regional connectivity and bolstering travel and trade. The announcement came following a detailed inspection led by HE […]
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SHV Port Achieves Record 1 Million TEUs, Cementing Its Role as a Regional Trade Hub
Sihanoukville Port has reported a record-breaking 1 million TEUs (twenty-foot equivalent units) of container traffic in 2024, reflecting an impressive 29% increase compared to the previous year. This milestone underscores the port’s strategic importance in driving Cambodia’s trade and logistics ambitions, as announced on the official website of Sihanoukville Autonomous Port on 21 December 2024. […]
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World Bank: Cambodia’s Economic Growth Forecasted to Reach 5.5% in 2025-2026 Amid Global and Domestic Challenges
Cambodia’s economy is projected to achieve a robust growth rate of 5.5% in 2025 and 2026, according to the latest World Bank forecasts. This follows expected growth rates of 5.3% in 2024 and 5% in 2023, reflecting a steady upward trajectory. These findings were highlighted in a report published by Fibre2Fashion on 21 December 2024. […]
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Cambodia’s Business Landscape Faces Dual Trends: Drop in New Registrations 17%, Surge in Eliminations 32%
Cambodia’s entrepreneurial environment is undergoing a marked shift, with the Ministry of Commerce reporting 9,530 new company registrations in 11 months of 2024. This figure represents a decline of 17.17% compared to the same period last year, highlighting growing challenges in the business sector. Concurrently, company eliminations surged by 32.78%, totaling 1,284 businesses removed from […]
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Shangri-La Phnom Penh Sets a New Benchmark in Luxury with USD 580 Million Investment
A monumental addition to Cambodia’s hospitality landscape, the Shangri-La Phnom Penh Hotel has opened its luxurious doors, marking a significant milestone with its USD 580 million investment. Situated along the scenic West Bassac River, this five-star establishment features 303 exquisitely designed rooms, offering unrivaled comfort and sophistication. The hotel held its temporary inauguration on 15 […]
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SHV Province Enhances Safety with 433 Security Cameras Across 533 Strategic Locations
Preah Sihanouk province has successfully installed 433 new security cameras across key strategic locations in a major stride towards improving public safety. This advanced surveillance network, which includes 533 monitoring points throughout Sihanoukville, was unveiled during a press conference led by HE Mang Sineth, Governor of Preah Sihanouk province, with over 60 journalists in attendance. […]
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142 Demarcation Points Completed for Funan Techo Canal, Setting the Stage for Transformative Infrastructure
In a landmark achievement for Cambodia’s infrastructure development, the inter-ministerial technical working group has successfully completed the boundary posting process for the first 21 kilometers of the Funan Techo Canal. This initial section, stretching from Prek Takeo to Prek Po, has reached 100% completion, with 142 demarcation points now established along the route. This milestone […]
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IFC to Invest Over USD 37 Billion in Cambodia’s Infrastructure & Logistics by 2033
The International Finance Corporation (IFC) has announced its readiness to explore investments exceeding USD 37 billion in Cambodia’s infrastructure and logistics sectors. This ambitious initiative was unveiled during a recent high-level meeting between HE Sun Chanthol, Cambodia’s Deputy PM and First Vice President of the CDC, and Mr. Riccardo Puliti, Vice President of the IFC […]
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France’s USD 192.2 Million Boost for Cambodia’s Water Infrastructure Sets a New Benchmark
The French government has pledged a remarkable USD 192.2 million to transform Cambodia’s water infrastructure, focusing on two major projects: the rehabilitation of the Stung Svay Chek reservoir and the third phase of the Bak Kheng water treatment plant. This monumental agreement was formalised on 18 December 2024 by Cambodia’s Minister of Economy and Finance, […]
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