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Bridge Project Across Bassac River Hits Milestone: 16% Completion Achieved
The much-anticipated bridge project connecting Chak Angre Krom to Prek Pra over the Bassac River has officially reached a significant milestone, now standing at 16% completion after nearly a year of construction. HE Phorn Rim shared this update, the spokesperson for the Ministry of Public Works and Transport. Construction on the bridge began on February […]
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Phnom Penh’s Southwest Irrigation Project Achieves 32% Completion, Promising Agricultural Revival
The Irrigation and Water Rehabilitation Project in southwest Phnom Penh has reached a notable milestone, with 32% of the construction work completed as of 26 December 2024. This progress was confirmed during a site inspection led by HE Pich Veasna, Undersecretary of State and Project Director, representing HE Thor Chetha, the Minister of Water Resources […]
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Cambodia Allocates USD 2.7 Billion in SDR Borrowing for 2025 Development Boost Under Financial Law
Cambodia’s government will borrow 2 billion Special Drawing Rights (SDRs), equivalent to approximately USD 2.7 billion, to finance critical projects in 2025. This initiative, part of the Finance Law approved on 12 December 2024, aims to strengthen infrastructure, improve living standards, and support economic growth across key sectors. The funds will be strategically allocated to […]
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The 9th PropertyGuru Cambodia Property Awards recognise top developments, designs
OCIC GROUP HONOURED FOR HIGH-CALIBRE, SUSTAINABLE PROJECTS WHILE V.I LAND INVESTMENT CO., LTD. AND LP RESIDENCES CO., LTD SHOWCASE DESIGN EXCELLENCE PHNOM PENH, Cambodia — The 9th PropertyGuru Cambodia Property Awards, supported by CBRE Cambodia, today celebrated the elite range of companies representing the finest real estate in the kingdom. PropertyGuru Group, Southeast Asia’s leading […]
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Chinese Danong Development Group to Transform Takeo’s Agriculture with Large-Scale Investments
Danong Development Group, a prominent Chinese company, has announced plans to invest significantly in Takeo Province’s agricultural sector, focusing on livestock farming and key crop cultivation. This ambitious initiative was unveiled during a meeting with the Takeo provincial administration on 13 November 2024, marking a pivotal development for the province’s agro-industry. Zhao Shujie, Chairman of […]
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Chinese Company Eyes Expansion of SEZ Investments Upon Completion of the New Takhmao Techo Airport
Shanghai Geoharbour Group has announced plans to broaden its investment portfolio in Cambodia, with a focus on developing additional special economic zones (SEZs) alongside constructing the Takhmao Techo International Airport. The initiative was discussed in a meeting on 21 October 2024, where the company’s delegation met with HE Sun Chanthol, the Deputy Prime Minister and […]
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Gov’t Seeks Private Sector Partnership to Rehabilitate Upper Mekong Rivers for Enhanced Navigation
Cambodian PM Samdech Hun Manet has announced that the government is seeking partnerships with the private sector to rehabilitate rivers in the upper Mekong River region. These waterways are currently obstructed by sediment buildup, hindering navigation and shipping operations. The initiative aims to restore the rivers’ functionality and improve transport routes along this crucial waterway, […]
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ADB Revises Cambodia’s 2024 Growth Forecast from 6% to 5.8% as Exports and Tourism Recover
The Asian Development Bank (ADB) has revised its economic growth projection for Cambodia in 2024, lowering it from 6% to 5.8%, reflecting cautious optimism amidst recovering exports and a strong tourism rebound. These changes were noted in the ADB’s latest economic outlook report, released on 5 October 2024. This adjustment aligns with earlier forecasts by […]
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Cambodia Collects Nearly US$3bn in Tax Revenue in H1 2024, Reaching 46% of Annual Target
In the first half of 2024, the Cambodian government collected an impressive US$2.909 billion in tax revenue, achieving 46% of the annual target set for the year. According to a report by the Ministry of Economy and Finance on the implementation of the 2024 budget, customs revenue contributed over US$1.2 billion, or 44% of the […]
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Cambodia Sees 60% Surge in Agricultural Exports in First Half of 2024
In the first six months of 2024, Cambodia exported over 6 million tons of agricultural products, marking a nearly 60% increase compared to the same period in 2023, according to a recent report from the Ministry of Agriculture, Forestry, and Fisheries. This significant growth reflects an unprecedented increase in agricultural exports over the last five […]
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