Local News
Cambodia Launches Ambitious Electric Vehicle Development Policy with Nearly 3,000 Vehicles Registered
The Government of Cambodia has launched the National Policy on the Development of Electric Vehicles Cambodia 2024-2030, with nearly 3,000 electric vehicles currently registered, according to the Ministry of Public Works and Transport on 25 June 2024. The policy aims to promote and guide the growth of the electric vehicle sector in Cambodia, featuring specific […]
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Conservation International Restores 600 Hectares of Flooded Forest in Tonle Sap Over 10 Years
For over a decade, Conservation International Cambodia (CI) has partnered with the Cambodian government to restore approximately 600 hectares of flooded forest on the Tonle Sap, planting over 270,000 saplings since the mission commenced in 2010. This information was shared on the organisation’s official Facebook page on 9 July 2024. Oum Sony, Country Director of […]
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SME Bank Lends US$500m to 3,400 Enterprises in 2023
In 2023, the Small and Medium Enterprise Bank of Cambodia (SME Bank) disbursed loans totalling US$500 million to 3,400 small and medium enterprises, according to a report by the Ministry of Information on 4 July 2024. The SME Bank’s report highlighted that the lending was facilitated through two mechanisms: direct financing projects and co-financing projects […]
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Philippine Investors Eye Expanding Investment Horizons in Cambodia’s Priority Sectors
Philippine investors are exploring new opportunities in Cambodia’s construction and priority sectors, with full ownership in rice production being highlighted as a significant potential investment area. This strategic interest was discussed during a meeting on 8 July 2024 between Samdech Techo Hun Sen, President of the Senate of Cambodia, and Mrs. Flerida Ann Camille P. […]
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Cambodia’s Exports Surge by 12.6% to US$12.29bn in First Half of 2024
In the first six months of 2024, Cambodia exported goods worth US$12.29 billion, reflecting a 12.6% increase compared to the same period in 2023. The General Department of Customs and Excise released this report on 10 July 2024. From January to June, Cambodia’s imports also saw a rise, increasing by 12.8% to US$13.7 billion. This […]
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Cambodia Sees a 54.2% Surge in Iron and Steel Imports, Reaching Nearly US$300m in First Half of 2024
Cambodia imported iron and steel worth approximately US$296 million in the first semester of 2024, marking a significant 54.2% increase compared to the US$192 million recorded in the same period last year. This data was reported by the General Department of Customs and Excise on 10 July 2024. In June alone, the imports of iron […]
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Cambodia Surpasses Goal with Over 20 Million Seedlings Planted by 2024
As of 2024, Cambodia has successfully planted and replanted more than 20 million seedlings, according to the Forestry Administration. HE Dith Tina, Minister of Agriculture, Forestry, and Fisheries, announced during the Tree Day Ceremony on 9 July 2024 in Takeo Province that the Forestry Administration has planted over 20.50 million seedlings and continues to plant […]
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Borey Peng Huoth Unveils New Phase with Lucrative Opportunities for Homebuyers
From 12-14 July 2024, Borey Peng Huoth will officially launch a new phase in the heart of Phnom Penh, offering significant profit opportunities for customers seeking comfortable homes with special offers. The Stannet Chirel Phase II project, located along Street 371 in front of Pesey Market, will open for sale during this period. Following the […]
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EAC Mandates Self-Declaration for Solar Installers to Ensure National Electricity Balance
The Electricity Authority of Cambodia (EAC) has issued a notice requiring all consumers who have installed and used solar systems on their roofs without permission to submit a declaration regarding the use of their solar system. This directive is based on letter No. 085. PK.24, dated 5 July 2024, and aims to maintain a balance […]
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Unfavourable Business Conditions Force Thailand’s Third-Largest Sugar Firm to Withdraw from Cambodia
Thailand’s third-largest sugar producer, Khon Kaen Sugar Industry Plc (KSL), has announced its decision to withdraw its investment from Cambodia due to unfavourable market conditions and the underutilisation of trade schemes such as the Generalised System of Preferences (GSP) in Cambodia. The company cited these challenges despite a recent rise in global sugar prices following […]
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