World Bank Pledges Support for Cambodia’s Development as a Regional Logistics Hub
In a significant commitment to Cambodia’s economic growth, the World Bank has announced its support for its ambition to become a competitive logistics hub in the region. This announcement was made by Ms. Tania Meyer, the World Bank Country Director for Cambodia, during a videoconference focused on the methodology and processes for gathering data related […]
Phnom Penh Government to Launch Innovative Pedestrian Street Trial
The Phnom Penh Municipal Government is excited to announce the upcoming trial of a pedestrian street project, dubbed “Walk Street,” along the iconic Sisowath Avenue. This initiative aims to transform the city’s heart into a vibrant, pedestrian-friendly environment, allowing residents and visitors alike to enjoy the area more fully. The trial will commence on Saturdays […]
Angkor Enterprise Launches Online Ticketing System to Boost Tourism
In a major development aimed at enhancing the experience for international visitors, Angkor Enterprise has officially launched a comprehensive online ticket sales and inspection system for Angkor. The initiative, which seeks to attract tourists from around the globe, was inaugurated on January 30, 2024, under the leadership of His Excellency Deputy Prime Minister Neth Savoeun, […]
Land Grant Initiative for Poor Families in Stung Treng Province
In a significant move to support impoverished communities, Prime Minister Hun Manet has announced a land grant initiative to provide 1,000 poor families in the Ousev area of Stung Treng province with essential residential and agricultural land. Each family will receive 3 hectares of land, marking a vital step towards poverty alleviation and community development. […]
Vietnam’s USD 67 Billion High-Speed Rail Project Charts Independent Path, Shunning Foreign Investment
In a groundbreaking move that signals Vietnam’s growing economic confidence, the Vietnamese National Assembly has approved an ambitious USD 67 billion high-speed rail network connecting Hanoi to Ho Chi Minh City, with the revolutionary decision to fund the megaproject primarily through domestic sources rather than traditional foreign investment, according to an announcement from the National […]
Government Revives Stalled Projects in Sihanoukville
The Cambodian government is taking significant steps to revive 42 stalled projects in Sihanoukville province, totaling an investment capital of $564 million. This initiative is part of the ongoing effort to revitalize the coastal region and encourage the resumption of major developments. During the 13th meeting on the “Special Program to Promote Investment in Sihanoukville […]