Cambodian Government Announces Reconstruction of Boeung Chhouk Market in Battambang
In a significant move to support local traders, the Cambodian government has announced plans to reconstruct the Boeung Chhouk market following a devastating fire on November 3, 2024, destroying nearly 150 stalls. The rebuilding initiative will give traders a unique opportunity for a lifetime of free occupation in the new market space. Prime Minister Samdech […]
PM Announces a Halt Issuance of Brewery Licenses for Domestic Distribution in Cambodia
In a significant policy shift, Prime Minister Hun Manet has banned issuing new licenses for breweries intended for domestic distribution in Cambodia. This announcement was made during the closing ceremony of a meeting summarizing the Ministry of Mines and Energy’s work results for 2024. PM Hun Manet clarified that while licenses for breweries focusing on […]
CDC launches Investment Project Management System
The Council for the Development of Cambodia officially launched the “Council for Development of Cambodia Investment Project Management System (cdcIPM System)”, which enables investors to apply directly from anywhere and at any time to streamline investment processes more easily, reduce time and ensure transparency, integrity, and efficiency. The launch ceremony of the cdcIPM system was […]
Kampong Thom to Establish Cashew Industrial Park: PM Enthusiastic about Local Economic Development
In a significant move aimed at boosting local employment and transforming the regional economy, Prime Minister Samdech Bovathibodi Hun Manet has approved the establishment of a cashew industrial park in Kampong Thom province. This decision came swiftly, with the request being approved just one day after it was submitted. Speaking at the closing ceremony for […]
In 24 years, the government issued nearly 70,000 construction permits worth USD78.96 billion
In the past 24 years, Cambodia has made significant strides in its construction sector, issuing nearly 70,000 construction permits for projects valued at approximately USD 78.96 billion, according to a report from the Ministry of Land Management, Urban Planning, and Construction presented at a conference on November 26, 2024. The report indicates that the Royal […]
Ministry of Mines and Energy Embarks on Strategic Refinery Investments to Bolster Oil Supply
The Ministry of Mines and Energy has unveiled plans to invest in refinery projects to secure a stable and sustainable oil supply for Cambodia, with projections to generate approximately USD 12.35 million in state revenue by 2024. During the Ministry’s annual meeting on 21 November 2024, His Excellency Keo Rattanak, Minister of Mines and Energy, […]