Cambodia Attracts Nearly US$20 Billion in Industrial Investments in Q1-2024
In a remarkable surge of industrial investment, Cambodia has secured close to US$20 billion in industry-related investments during the first quarter of 2024, marking a substantial increase of 13.55% compared to the same period in 2023. This significant milestone was announced by HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, during the official […]
ADB Released Unprecedented US$23.6bn for Asia-Pacific’s Climate & Development Challenges in 2023
In a landmark move, the Asian Development Bank (ADB) has earmarked a staggering US$23.6 billion for assistance in 2023, with a significant portion, US$9.8 billion, dedicated to combating climate change across the Asia-Pacific region. This announcement, made in a press release dated 25 April 2024, marks the highest annual financing allocated by the ADB for […]
PPAP Marks Robust Growth with 7% Revenue Increase, More Than US$8m, in Q1 2024
The Phnom Penh Autonomous Port (PPAP) has reported a significant revenue increase of 7% in the first quarter of 2024, totalling US$8,064,657, as compared to the corresponding period in 2023. This financial uplift, detailed in a press release dated 12 April 2024, the port’s growing economic influence in the region. A breakdown of the earnings […]
Cambodia-China Bilateral Trade Surges to US$10bn, 4.6% Up, in First 10 Months of 2023
Cambodia’s trade with China flourished in the first 10 months of 2023, with bilateral trade volume reaching an impressive US$10 billion, marking a notable 4.6% increase compared to the previous year. This announcement was made by National Assembly President Samdech Khuon Sodary during a productive working meeting with HE Zhang Qingli, Vice Chairman of the […]
Royal Railway Cambodia to Introduce High-Speed Train Network in June
Royal Railway Cambodia has announced plans to revolutionise Cambodia’s transportation sector with the launch of high-speed trains connecting Phnom Penh to Sihanoukville and Poipet by June 2024, as reported by Apsara TV on 22 April 2024. The upcoming trains, ordered from Japan, are set to operate at speeds ranging between 90 and 110km per hour, […]
Australia’s 30-Year Commitment: Catalysing Cambodia’s Development Across Key Sectors with US$1bn in Aid
For three decades, the Australian Government has been instrumental in Cambodia’s development journey, extending over US$1 billion in official development assistance to bolster pivotal sectors within the nation. This landmark contribution underscores Australia’s unwavering commitment to Cambodia’s progress, as highlighted in a press release by the Ministry of Foreign Affairs and International Cooperation, commemorating the […]