Local News
AMRO Forecasts Cambodia’s Economy to Grow 5.6% in 2024 and 5.9% by 2025
The ASEAN + 3 Macroeconomic Research Office (AMRO) recently released a positive outlook for Cambodia's economy, predicting a growth rate of 5.6% in 2024 and 5.9% in 2025. This upward trend signifies a significant improvement compared to the 5% growth recorded in 2023, according to AMRO press release on 23 May 2024. Garment Sector & Exports Fuelling Growth AMRO's chief economist, Jinho Ch...
Read MoreChip Mong 271 Mega Mall Unveils MEGA Amazing: Shop, Save, Win a Luxury Car or Dream Vacation!
Chip Mong 271 Mega Mall celebrated its grand opening with an unprecedented Mega Amazing program, including the presentation of a brand-new Mitsubishi car to one lucky customer—a prize no other supermarket has ever offered. The event on May 26 2024 marked the conclusion of the Mega Celebration promotion and was attended by top leaders of Chip Mong. The grand opening saw the presence of notable ...
Read MoreAustralia plans to turn corn waste into Biomass for improvement of agricultural land in Siem Reap
Australia's Agribusiness Asian Group (AAG) plans to process agricultural waste from its corn crop (corn stover) into biomass to store carbon for 1,000 years. This initiative is part of the inauguration of a 1,000-hectare crop farm in Siem Reap Province. The decision was made during a meeting between Mr. Prak David, Secretary of State of the Ministry of Agriculture, and an Australian delegation on ...
Read MoreLa Arng Spean Prehistoric Site to Become New Tourist Attraction in Battambang
Plans to transform the ancient La Arng Spean prehistoric site in Battambang province into a new tourist destination are underway, aiming to highlight the site's historical significance dating back over 70,000 years. This development was announced by the Ministry of Tourism in collaboration with the Battambang Provincial Department of Tourism on 20 May 2024. Mr. Ham Arun, Deputy Director of the ...
Read MoreArtisan Angkor Silks Aims to Expand Khmer Silk Production with 15-Hectare Mulberry Plantation
Siem Reap-based Artisan Angkor Company is embarking on an ambitious project to bolster Khmer silk production. The company representatives met with Lok Chumteav Im Rachana, Undersecretary of State of the Ministry of Agriculture, Forestry and Fisheries, to discuss plans for a new 15-hectare mulberry tree plantation, on 18 May 2024. This initiative signifies a commitment to expanding domestic silk p...
Read MoreBorey 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, boasting near-complete const...
Read MoreCambodia Revamps Tuol Sleng Museum Area as National Preservation Model
In a significant move to enhance Cambodia's historical preservation efforts, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has embarked on a project to redesignate the buildings surrounding the Tuol Sleng Genocide Museum, according to a meeting chaired by HE Say Sam Al, Deputy Prime Minister and Minister of Land Management, on 15 May 2024. This project aims to establ...
Read MoreCambodia Unveils Four Key Measures & New App to Safeguard Over 7m Hectares of Natural Areas
Cambodia's Ministry of Environment is set to revolutionise natural resource management with the development of a smartphone application and the implementation of four pivotal measures aimed at enhancing the protection of the country's 73 protected areas, covering approximately 7.46 million hectares—equivalent to 40% of Cambodia's total land area. This announcement was made by HE Eang Sophalleth...
Read MoreCambodia’s Wetlands, Covering 30% of the Country, Crucial for Migratory Birds
Cambodia boasts approximately 30% of its total area as wetlands, providing crucial habitats for migratory birds. This announcement was made by HE Khvay Atiya, spokesperson for the Ministry of Environment, on Migratory Bird Day 2024, celebrated globally in the second week of May. HE Khvay Atiya highlighted the essential role of insects as the primary food source for migratory birds. He noted tha...
Read MoreCambodia’s Trade Surges: Exports & Trade Volume Reach Record Highs
Cambodia has witnessed a remarkable surge in its trade volume and exports during the first four months of 2024, with trade volume exceeding US$16 billion, marking an impressive growth of nearly 12%. This growth trend was paralleled by a corresponding rise in exports, also reaching nearly 12%. The Minister of Commerce, Lok Chumteav Chamnimol, unveiled these promising statistics during the inaugu...
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