Local News
How Cambodian Migrants’ US$2.7B Contribute to Real Estate Investment and Economic Growth
More than 1.3 million Cambodians living and working overseas contribute to their home country’s economic growth by remitting approximately US$2.7 billion annually to their families. The remittances, which are often invested in the real estate sector and saved for future business opportunities, support the well-being of working families. According to a report from the Ministry […]
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Banteay Meanchey Received Almost US$1.5M Daily from Customs Revenues
Banteay Meanchey province has earned almost US$1.5 million in customs revenue daily, making it one of the most successful provinces in Cambodia in this regard. This was announced by HE Um Reatrey, Governor of Banteay Meanchey province, during a press conference held on 28 March 2023. “Based on the data of the customs branch reported, […]
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Preah Vihear Registers Over 25k Plots of Land in Past Five Years
Preah Vihear province has registered more than 25,000 plots of land in the past five years, according to the provincial administration. Preah Vihear Governor, HE Kim Rithy, stated at a press conference on March 23, 2023, that the local government’s registration of land in the province has been a priority. Governor Kim Rithy noted that […]
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S.Korea Contributes US$10M for Demining Project in Three Cambodian Provinces
South Korea has provided US$10 million to Cambodia for the fourth phase of demining projects (2021-2025) in three provinces, according to His Excellency Senior Minister Ly Thuch, First Vice President of the Mine Authority, on March 20, 2023. The project, called Demining for Success, was launched in 2006 and has cleared a total of 322.87 […]
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Mondulkiri Provincial Authority Halts Sale and Purchase of Community Land in Target Village
The Mondulkiri Provincial Authority has ordered the immediate cessation of community land purchase and sale in Polu village, Busra commune, Pichreada district, Mondulkiri province, according to the letter dated 14 March 2023. The area is the target village for the registration of collective land of the Pnong community, and the provincial authorities have taken measures […]
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GCF Approves $42.8 Million Project to Support Tonle Sap Farmers
The Green Climate Fund (GCF), one of the world’s largest climate fund, has approved a $42.8 million project, in partnership with the Food and Agriculture Organization of the United Nations (FAO) and two Cambodian ministries, to support farmers in the northern Tonle Sap region of Cambodia. The project, titled “Public-Social-Private Partnerships for Ecologically-Sound Agriculture and […]
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As of 2023, Cambodia has more than 1,200 farming communities worth over US$ 26m
Cambodia’s agricultural communities have grown to 1,251 in number, with a total investment capital of over US$26 million, according to the closing ceremony of the Agricultural Community Work Conference 2022 and the direction for 2023 on 14 March, 2023. The communities, consisting of 170,208 members, 107,380 of whom are women, engage in agricultural production, agribusiness, […]
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Angkor Wat Named Best Place to Watch Sunrise in the World in 2023
In a recent poll conducted by morninglife.co.uk, Angkor Wat of Cambodia has been voted as the “Best Place to See the Sunrise in the World” in 2023, according to data gathered from US tourism website Trip Advisor reviews. The iconic temple received a total of 10,404 votes, more than double the votes of the second-ranked […]
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Cambodia Demines Ten Areas, with 15 Provinces Remaining
As of March 2023, the Cambodian government has cleared ten mine-affected areas in the provinces and cities, with only 15 provinces left to be demined. Kandal province was recently declared the 10th demining province on March 13, 2023, according to HE Aun Porn Moniroth, Minister of Economy and Finance, and HE Kong Sophoan, Governor of […]
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CGCC to Lend Over US$100m to More Than 10K businesses by February 2023
The Credit Guarantee Corporation of Cambodia (CGCC) announced on 10 March 2023 that it had provided credit guarantees to 1,155 companies with a loan amount of around US$104.9m by the end of February 2023. This marks an increase of US$15.9m from the previous year’s loan amount of US$89m. Of the 1,155 businesses, 81 were large […]
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