Cambodia 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 MoreMinebeaMitsumi to Invest Over US$320m in Expanding Operations in Cambodia & Thailand
Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in Cambodia, scheduled to commence operations early next year...
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 MoreChina Commits Up to US$100m for Advanced Water Purification in Cambodia
Hainan Litree Purifying Technology Co., Ltd. from China has announced plans to invest between US$50-US$100 million in Cambodia's water sector over the next three to five years, focusing on water purification products using UF membrane technology. This announcement was made during a meeting between Dr Cai Yunlong, CEO of Hainan Litree Purifying Technology Co., Ltd., and HE Hem Vandy, Cambodia's Min...
Read MoreJapan Initiates Flood Risk Mitigation Project in Cambodia with Specialised Mapping
Japan's Ministry of Land, Infrastructure, Transport, and Tourism has embarked on a significant initiative aimed at providing specialised flood risk maps to Cambodia, Indonesia, Thailand, and Vietnam by the year 2025. This endeavour seeks to equip these Southeast Asian nations with crucial tools to mitigate the risks associated with flooding and minimise water-related damages. The revelation comes ...
Read MoreIndonesian President Inaugurates ASEAN’s Largest Digital Testing Centre Worth US$61m
Indonesian President Joko Widodo has officially opened the US$61 million Indonesia Digital Testing Centre (IDTH), the largest and most advanced digital and telecommunications testing facility in Southeast Asia. The inauguration took place on 7 May 2024, as reported by Antaranews. President Jokowi emphasised the significance of IDTH as a pivotal institution showcasing Indonesia's digital prowess...
Read MoreCambodia Attracts US$309m in Investments with 22 New Projects in April
In April 2024, Cambodia witnessed a surge in investment activity as the Council for the Development of Cambodia (CDC) greenlit 21 fresh investment ventures alongside one expansion project, collectively valued at an impressive US$309 million. This influx of investment is poised to generate approximately 23,000 employment opportunities, marking a significant boost to the country's economic landscape...
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...
Read MoreKratie Authority Halts Illegal Land Sales & Confiscates Forest Encroachments
The Kratie Provincial Administration has taken decisive action to revoke all transactions involving forest land within protected areas, as announced on 6 May 2024. In response to persistent encroachments observed over the years, including unauthorised cultivation, construction, and fencing, the provincial authorities have moved swiftly to address the issue. Despite repeated preventative measure...
Read MoreGov’t Implements Measures to Enhance Sub-National Expenditure Efficiency by 2024
In a bid to streamline fiscal management at the sub-national level, the Cambodian Ministry of Economy and Finance (MEF) issued a pivotal circular on May 7, 2024. The directive mandates prudent budgetary practices across all sub-national administrations, emphasising the need to curb unnecessary local development initiatives. Under the circular's provisions, capital-provincial administrations are...
Read MoreVirak Buntham Unveils Ambitious Plan to Transform Koh Sneh Beach into Premier Tourist Destination
Virak Buntham, a prominent player in Cambodia's tourism sector, has announced a significant investment in the development of Koh Sneh Beach, located in Khemarak Phoumin City, Koh Kong province. The company aims to elevate the beach into the premier tourist destination in the province, unveiling plans for extensive resort development and recreational facilities. Neak Oknha Sour Virak, General Di...
Read MoreKoh Kong Province Nears Milestone in Land Registration with 60,000 Plots Measured
According to Lok Chumteav Mithona Phu Thong, Governor of Koh Kong Province, nearly 60,000 plots of land have been meticulously measured in Koh Kong province as of April 2024, marking a significant step towards the province's goal of completing systematic land registration by 2025. This ambitious initiative was highlighted during a meeting on 7 May 2024, attended by HE Say Sam Al, Deputy Prime M...
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