Chinese Company(YIG) wants to set up a special economic zone near the new international airport in Siem Reap
YIG, a major Chinese investment company, is interested in investing in the development of an economic zone near Siem Reap Angkor International Airport. This interest was expressed during a meeting between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and the YIG delegation led by Mr. Lu Xiaolong on May 17, 2024. During […]
The Cambodian Gov’t is preparing a strategic budget plan to strengthen expenditure and revenue efficiency in 2025
The Cambodian government is preparing a strategic budget plan to enhance expenditure and revenue efficiency in 2025. They are drafting a law on financial management for the 2025 budget, outlining key strategies to improve budget efficiency. This initiative is in response to the high risks and uncertainties faced by Cambodia due to the global economic […]
Asian countries do business with China, lose more than profit, but still can not leave China
In a significant turn of events, the United States has surpassed China as the premier export destination for South Korea and Taiwan, marking a pivotal shift in Asia’s trade landscape. This development, observed in December, underscores a broader trend where Asian economies are exporting less to China as a percentage of their total exports, while […]
Cambodia and Korea Strengthen Trade Ties with $751 Million Volume and New Six MoUs
Cambodia and South Korea reaffirmed their strong trade partnership with a bilateral trade volume reaching US$751 million in 2023 and the signing of six Memoranda of Understanding (MoUs) on 16 May 2024. The MoU signing ceremony, presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol in Seoul, signifies a […]
Kampot Unveils Plans to Enchant Tourists with Floating Market and Beach Developments
In a bid to solidify Kampot’s position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot’s tourism offerings, catering to both domestic and international visitors. Inspired […]
Borey Peng Huoth’s Star Diamond Project Shines with Top-Selling Homes
The Star Diamond Project, a sprawling development by Borey Peng Huoth situated along Samdech Techo Hun Sen Blvd (60m), is capturing the attention of prospective residents with its diverse housing options including business houses, hybrid villas, twin villas, and single villas.With a focus on convenience and modern living, three house types have emerged as best-sellers, […]