CDC encourages Chinese firms to invest in domestic raw material production, aiming to boost self-sufficiency in Cambodia
In a bid to reduce reliance on imports, Cambodia’s Council for the Development of Cambodia (CDC) is actively courting Chinese investment in domestic raw material production, according to a meeting held on 15 May 2024. Secretary General of the Board of Investment of Cambodia, HE Chea Vuthy, met with a delegation from China’s Zhejiang Construction […]
A New Frontier for Conservation: US$520K Canal Project to Shield Techo Sen Russey Trep National Park
In a significant conservation effort, the Royal Academy of Cambodia unveiled plans on 5 May 2024 for the construction of a 52-kilometre-long canal to safeguard the expansive Techo Sen Russey Trep National Park. Spanning 6 meters in width and 2.5 meters in depth, this ambitious US$520,000 project aims to encircle and protect over 10,000 hectares […]
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 […]