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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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Prime Business Location in Phnom Penh: The Standard Diamond Project by Borey Peng Huoth
Amidst recent economic shifts, many businesses have faced disruptions, yet the 60-metre road area in Phnom Penh is witnessing a notable resurgence. A standout location within this zone are the shophouses at Borey Peng Huoth’s The Standard Diamond Project, offering a prime opportunity for new ventures. These shophouses are strategically located along the main road […]
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Cambodia & Singapore Push for ASEAN Power Grid to Combat Rising Electricity Prices & Promote Green Energy
Cambodia and Singapore have proposed the re-establishment of the ASEAN Power Grid, aiming to promote green energy, protect the environment, and control rising electricity prices. This initiative, announced by Minister of Mines and Energy Keo Rattanak in a video released on 4 June 2024, comes 25 years after ASEAN initially set this goal but was […]
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Bassac River Bridge Project Surpasses Milestone, Completes 10.50% Ahead of Schedule
The construction of the bridge across the Bassac River, connecting Chak Angre Krom and Prek Pra, has achieved a completion rate of 10.50%, surpassing the planned progress by 1.03%. This update was confirmed by the Ministry of Public Works and Transport on their official Facebook page on 28 May 2024. The completed work includes the […]
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Cambodia Achieves Over 3,000sqkm of Landmines Cleared as Four Provinces Declared Mine-Free by 2024
In a momentous stride towards ensuring the safety and prosperity of its citizens, Cambodia marked the 25th anniversary of the National Mine Awareness Day on 24 February 2024, under the theme “Together to eliminate the dangers of landmines and unexploded ordnance in the community.” As of 2024, the Cambodian government proudly announced the successful clearance […]
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