Construction Focus
Cambodia Inks Concessional Loans Worth US$1 Billion With Development Partners Amidst a 17% Dip
In the initial nine months of 2023, the Royal Government of Cambodia demonstrated strategic financial prowess by securing new concessional loan agreements with development partners, totaling a significant US$1 billion. This accomplishment, outlined in the Cambodian Public Debt Statistics Bulletin by the Ministry of Economy and Finance, reflects a tactical utilization of financial resources, constituting […]
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Japan Extends Generous Grant of US$300,000 to Safeguard Historic Sambor Prei Kuk Resort
In a gesture of cultural preservation, the Government of Japan has announced a generous grant of US$300,000 to Cambodia for the enhancement and rehabilitation of the Sambor Prei Kuk resort in Kampong Thom province. A press release from the Embassy of Japan in Cambodia on 12 December 2023, highlighted Japan’s commitment to supporting the “Human […]
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SAP Surges Ahead with 20.14% Increase, Notching Profit of US$28 Million in First Nine Months of 2023
In a robust financial performance, Sihanoukville Autonomous Port (SAP) proudly reported a stellar net profit of 117,933,270,000 riels, equivalent to over US$28 million, marking an impressive surge of 20.14% during the initial nine months of 2023 compared to the same period in 2022. Delving into the financial details, SAP’s total revenue collection for this period […]
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Government Greenlights 21 New Projects in November, Attracting Investments of US$619 Million
The Council for the Development of Cambodia (CDC) gave the green light to 21 new projects in November 2023. This strategic move, encapsulating a total investment of nearly US$619 million, is poised to generate approximately 22,000 job opportunities, marking a significant leap forward in the nation’s economic trajectory, according to a CDC press release on […]
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Cambodia & Singapore Unveil US$12 Million State-of-the-Art Cashew Processing Plant in Kampong Thom
CSNC Agriculture, a dynamic Cambodian-Singaporean venture, proudly inaugurated its state-of-the-art cashew processing plant Valued at US$12 million, in Sno village, Trapeang Russey commune, Kampong Svay district, Kampong Thom province. The groundbreaking ceremony, held on 6 December 2023, witnessed the presence of Mr. Kong Vimean, Secretary General of the General Secretariat of the Council for the […]
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Vietnam’s Ceramic Industry Soars: Ranks Among Top 10 Global Producers
In a remarkable achievement for Vietnam’s construction sector, Deputy Minister of Construction Nguyen Van Sinh announced that the country has secured a prestigious spot among the world’s top 10 construction ceramic producers. Notably, Vietnam stands out as the world leader in ceramic tile output, claiming the impressive fourth position globally. This revelation, reported by vietnam.postsen.com […]
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LSCG Group in Partnership with Chinese Company: Unveils Plans for New US$804m Industrial Zone Near Phnom Penh
In a groundbreaking collaboration, Mr Ly Sok Chhay, General Director of LSCG GROUP, has joined forces with a prominent Chinese company to embark on a joint venture – an investment of US$804 million to establish a sprawling 500-hectare industrial zone in Phnom Penh. Expressing the vision behind this ambitious project, Mr Ly Sok Chhay disclosed […]
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Cambodia Seeks Support from China to Establish a Natural Resource Data Management Centre
In a pivotal move, the National Assembly of Cambodia has extended a proposal to the Standing Committee of the Guangxi Provincial People’s Congress in the People’s Republic of China to establish a natural resource management data center aimed at enhancing the development of vital fish and rice corridors. This transformative initiative was discussed during a […]
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PM Proposes Transformative Partnership: Japan-Cambodia Industrial Park for Logistics Advancement
In a strategic move to propel Cambodia’s logistics sector, Samdech Prime Minister Hun Manet has extended an invitation to Japan for the establishment of a collaborative industrial park. The proposal came to light during a significant meeting between Samdech PM Hun Manet and Ambassador Ueno Atsushi of Japan on 7 December 2023. Japan, showcasing a […]
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Gov’t Plans to Transform Run Ta Ek Area into Run Ta Ek City with Robust Infrastructure
In a visionary initiative, the Cambodian government is set to transform the Run Ta Ek area into a bustling urban center, aptly named Run Ta Ek City. Samdech Hun Manet unveiled this ambitious plan during a gathering with residents of Run Ta Ek village on 8 December 2023, in Siem Reap province. Expressing the government’s […]
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