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Chinese Tech Firm Sets Ambitious Plans for Digital Nursery in Cambodia
To enhance global investment opportunities, 86Links Co., Ltd., a leading Chinese tech firm, seeks to collaborate with the Cambodian government to establish a cutting-edge digital technology nursery. This initiative aims to position Cambodia as a prime destination for international investors, fostering economic growth and innovation within the region. During a productive meeting on 16 January 20...
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Sweden’s Largest Factory Unveiled in Phnom Penh: A New Era for Cambodia’s Economy
In a landmark event on 17 January 2025, Sweden's prestigious glove manufacturer, HESTRA (Cambodia) Co., Ltd., officially opened the doors to its state-of-the-art factory located in the Royal Phnom Penh Special Economic Zone. The inauguration ceremony was graced by notable figures, including HE Chea Vuthy, Secretary-General of the Investment Committee of Cambodia, and Ms. Anna Hammargren, Ambassado...
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Phnom Penh Autonomous Port Reported Significant Growth in 2024
In a remarkable showcase of economic activity, the Phnom Penh Autonomous Port (PPAP) has reported impressive financial and operational results for the year 2024. According to a press release dated 14 and 16 January 2025, the port generated a total revenue of USD 41,588,172, marking an increase of 21% compared to 2023. This achievement was fuelled by a notable rise in container throughput, with nea...
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Banteay Meanchey Irrigation Development Project Exceeds 64% Completion
The Irrigation Development Project for Flood Reduction (IDFMP) in Banteay Meanchey province has made significant progress, achieving a completion rate of over 64%. The project is on track for completion by mid-2026, as reported by a working group from the Ministry of Water Resources and Meteorology on 15 January 2025. Progress highlights include: Restoration of Pools: - Pong Pool: 100% ...
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Emerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024
In 2024, Cambodia experienced a remarkable increase in electric vehicle registrations, reaching a total of 2,253—a staggering 620% rise compared to 2023. This was confirmed by HE Phorn Rim, the spokesman for the Ministry of Public Works and Transport, on 15 January 2025. This substantial growth indicates a positive shift towards green transportation in Cambodia. HE Phorn Rim stated, "In 2024 al...
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China Approves Highest & Largest Hydropower Dam in Tibet Worth USD 127 Billion Amid Global Concerns
China has approved the construction of the world’s largest hydropower dam on the lower Yarlung Tsangpo River in Tibet, with an estimated cost of USD 127 billion. The project, poised to generate three times more energy than the Three Gorges Dam, is expected to redefine renewable energy development globally but has raised significant concerns about environmental impact, displacement of Tibetan commu...
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Experience Prosperity this Lunar New Year with Unmissable Offers from Borey Peng Huoth!
In celebration of the vibrant and auspicious Chinese New Year, Borey Peng Huoth is thrilled to announce a sensational promotion that is perfect for families and businesses seeking their dream homes. From now until 31 January 2025, join us in experiencing the spirit of the season with exclusive discounts and offers designed to bring joy and prosperity to our valued customers. During this auspici...
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Cambodian Government Exempts Local Cement Industry from Special Tax for Two Years
The Royal Government of Cambodia has announced a significant measure to support the local cement industry by waiving the special tax for a period of two years. This decision, outlined in a Prakas from the Ministry of Economy and Finance dated 14 January 2025, is aimed at easing the financial burden on the industry. During a recent statement, Minister of Economy HE Aun Porn Moniroth confirmed th...
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Chinese Mining Firms Eye Expansion in Cambodia’s Potent Resource Sector
In a promising development for Cambodia's mining industry, Beijing Endi (Group) Co., Ltd., a prominent mining investment firm based in China, has set its sights on expanding operations in the kingdom. This ambition was underscored during a pivotal meeting on 15 January 2025, between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and a delegation led by Mr. Tang Changzhong,...
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Cambodia Welcomes 17 New Investment Projects Worth USD 150 Million in January 2025
In an exciting start to the year, Cambodia's investment landscape is poised for growth as the country received a notable infusion of capital with 17 new investment projects. These initiatives, collectively valued at approximately USD 150 million, were registered during the inaugural "One Window Service Office" (OWSO) meeting for 2025, held on 15 January, chaired by HE Chea Vuthy, Secretary General...
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Cambodia to Issue 500 Billion Riels in Securities to Balance National Budget in 2025
In a strategic move to bolster its national budget, the Cambodian government has announced plans to issue an additional 500 billion riels in state securities in 2025. This decision, revealed in a press release dated 23 December 2024, aims to enhance investment capabilities while ensuring fiscal stability. The Ministry of Economy and Finance will conduct an auction for these securities at the Na...
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Chinese & Canadian investors Looking to Introduce Advanced Technology to Key Sectors in Cambodia
Delegates from the Asia-Pacific Association of Small and Medium Enterprises (APASME), including representatives from Canadian and Chinese business communities, aim to provide technology and machinery solutions to enhance Cambodia's agriculture, water management, food processing, and industrial development. This was discussed during a meeting on 13 January 2024 with HE Hem Vandy, Minister of Ind...
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