Cambodia Collects Nearly US$3bn in Tax Revenue in H1 2024, Reaching 46% of Annual Target
In the first half of 2024, the Cambodian government collected an impressive US$2.909 billion in tax revenue, achieving 46% of the annual target set for the year. According to a report by the Ministry of Economy and Finance on the implementation of the 2024 budget, customs revenue contributed over US$1.2 billion, or 44% of the target, while tax revenue amounted to US$1.7 billion, equating to 48%...
Read MoreASEAN-China Trade Surpasses US$500bn in First Seven Months of 2024
In the first seven months of 2024, trade between ASEAN and China surged to an impressive 3.92 trillion yuan (US$546.6 billion), marking a 10.5 % year-on-year increase, according to statistics from the Chinese Customs Administration released by Cambodia's Ministry of Information on 9 August 2024. This remarkable growth underscores the deepening economic ties between the two regions, with China m...
Read MoreCambodian Cement Production Surges to Over 4m Tons in First Half of 2024
Cambodia's cement industry achieved a significant milestone in the first half of 2024, with local factories producing an impressive 4.17 million tons of cement. This represents a 5.5% increase compared to the 3.95 million tons produced during the same period last year, as reported by the Ministry of Economy and Finance. Despite a sluggish recovery in the construction sector, which is projected ...
Read MoreRapid Population Growth Threatens 17 Ancient Khmer Temples by 2030
A new study by foreign researchers has revealed that by 2030, 17 ancient Khmer temples in the Angkor resort area will be severely impacted by rapid population growth. This alarming prediction was shared during a consultation on the "Management of Angkor World Heritage Site" in Siem Reap, attended by nearly 800 participants and chaired by His Excellency Say Sam Al, Deputy Prime Minister and Ministe...
Read MoreChinese Firm Explores Investment in Cambodian Fresh Fruit Processing Plant
DOMI Biotechnology Co., Ltd. from China is exploring the possibility of establishing a fresh fruit processing plant in Cambodia, with a focus on durians and coconuts. This development follows a high-level meeting on 12 August 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wan Yanhu, President of DOMI Biotechnology Co., Ltd. The company, which curren...
Read MoreStung Treng Authorities Crack Down on Illegal Land Occupation in Prey Lang Wildlife Sanctuary
The Stung Treng Provincial Authority has initiated decisive action to reclaim illegally occupied land within the Prey Lang Wildlife Sanctuary, a vital conservation area in Cambodia. The Stung Treng Provincial Department of Environment announced the confiscation of unlawfully held forest land in the Kiri Soksan and Anlong Chrey communities within Anlong Chrey commune, Thala Parivat district on 8 Au...
Read MoreChery Holding Group Eyes Investment in Cambodia’s Automobile & Auto Parts Industry
Chery Holding Group, a leading Chinese conglomerate, has expressed a strong interest in investing in Cambodia’s burgeoning automobile and auto parts industry, with ambitions to serve domestic, regional, and international markets. This potential investment was highlighted during a meeting between Xu Hui, Deputy General Manager of Chery Holding Group Co., Ltd, and Cambodian Prime Minister Hun Man...
Read MoreCambodian Gov’t Establishes Smart City Development Steering Committee
In a decisive move towards urban innovation, the Cambodian government has formed a Smart City Development Coordinating and Steering Committee, underscoring its commitment to future-ready urban planning. The committee, established by a decision issued by PM Samdech Thipadei Hun Manet on 8 August 2024, is tasked with guiding the nation's smart city initiatives, reflecting Cambodia's aspirations for ...
Read MoreKorea Commits US$3m to Preserve Tuol Sleng Museum Over Five Years
The Korea International Cooperation Agency (KOICA) has officially donated US$3 million to support the preservation of the Tuol Sleng Genocide Museum in Cambodia over the next five years. This significant contribution will fund the second phase of the "Tuol Sleng Genocide Museum Conservation and Copy Project (Phase 2)," running from 2024 to 2028. The project was officially launched on 8 August 2024...
Read MoreDrainage System Upgrade on NR No. 4 in Phnom Penh Reaches 6.7% Completion
The ambitious project to enhance the drainage system along NR No. 4 in Phnom Penh has achieved a significant progress rate of 6.7% as of 25 July 2024, surpassing the planned target of 3.92%. This milestone was reviewed during a meeting on 7 August 2024, which assessed the progress of the emergency investment project aimed at upgrading sewer infrastructure and drainage systems to mitigate floodi...
Read MoreNR No. 23 Rehabilitation Reaches 57.5% Completion with ADB Loan of US$21.68m
The rehabilitation of NR No. 23, a key infrastructure project in Cambodia, has achieved a significant milestone with 57.5% completion as of July 2024. The project, spanning 19.83 kilometres from Leuk Dek commune, Koh Thom district to Peam Reang commune, Leuk Dek district in Kandal province, is supported by a concessional loan of US$21.68 million from the Asian Development Bank (ADB), secured in...
Read MoreCambodia & China Unveil Cultural Corridor at Siem Reap Angkor International Airport to Foster Deeper Ties
Cambodia and China have officially inaugurated a Cultural Corridor at the Siem Reap Angkor International Airport, a landmark initiative to bolster ties and enhance people-to-people exchanges between the two nations. The ceremony, which underscored the strategic importance of Siem Reap Angkor International Airport as Cambodia's key gateway to the world, was held on 6 August 2024. HE Chhean Leang...
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