Policy and Strategy
PM Orders Crackdown on Illegal Gambling & Related Crimes, Pushing Local Authorities to Take Prompt Action
Prime Minister Hun Sen has ordered a crackdown on illegal gambling and related crimes in a timely manner, emphasizing that Cambodia does not allow “anarchy” to occur on its soil. According to a voice message on 17 September, the PM strongly ordered the provincial and regional authorities to take responsibility, warning them he would remove […]
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price […]
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Gov’t Gifts 1.4 million Hectares of Social Concessional Land to Veteran Families
To date, the government has provided a total of almost 1.4 million hectares of social concessional land to veteran families and border guards. The figure was explained by HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and Construction in a press conference on 24 August. “To […]
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Government bond issuance is expected in August or September this year
The government is preparing to issue 1.2 trillion Riel (equivalent to US$300 million) government bonds in 2022 to raise capital from the stock market to develop the national economy. HE Meas Soksensan, Secretary-General, and spokesman for the Ministry of Economy and Finance stated that the government may issue the bond in August or September, while […]
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China Hands Over Intermodal Transport Master Plan to Cambodia
The study report on the “Intermodal Transport Master Plan for Cambodia”, which was supported by China, has been handed to Cambodia as a basis for the Comprehensive Master Plan on the Cambodian Intermodal Transport 2022-2030. Held on 03 August, the handover ceremony was presided over by members of the Supreme National Economic Council HE Ros […]
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MoE Validates 10 Activities to Transform Sihanoukville into Environmentally Friendly Multi-Purpose Economic Zone
The Ministry of Environment (MoE) has validated 10 activities within a technology action plan (TAP) of the Technology Need Assessments Project (TNA) to support the implementation of environmentally friendly technology for special economic zones in Sihanoukville, according to a validation workshop on TAP of TNA on 15 July 2022. The workshop has validated 10 activities […]
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My Second Home Impel Cambodia to compete with Thailand
Cambodia My Second Home has impelled Cambodia to become a competitor to Thailand to attract foreign investors through real estate developments. This is according to pattayamail published on July 12, 2022. Cambodia My Second Home is not the same as the 10-year visa application for the new Thai Immigration Initiative, as it does not provide […]
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Cambodia Needs Almost US$50 billion to Implement 330 Projects in the Next Decade
Cambodia will need nearly US$50 billion to implement 330 transportation system projects over the next 10 years, according to HE Sun Chanthol, Minister of Public Works and Transport, during a working meeting with a delegation from CMA CGM (Cambodia) Co., Ltd on 14 June 2022. HE Sun Chanthol said that Cambodia needs to invest nearly […]
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IMF: World to Gain Nearly US$78 Trillion Over Coming Decades by Making Energy Transition
In the upcoming decades, the world will gain US$77.89 trillion by replacing coal with renewable energy, according to a publication of the International Monetary Fund (IMF) on 8 June 2022. The net gain of this transition presents represents around 1.2% of the current world GDP every year until 2100. The IMF added the amount of […]
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Cambodia Hosts 25th Mekong Subregion Transport Forum
The Mekong Sub-Region Transport Forum was held in Siem Reap province, Cambodia, where representatives of the Mekong sub-region member countries discussed certain topics of cross-border trade, railway development, and logistics improvements. The forum was organised by the Ministry of Public Works and Transport, chaired by Secretary of State HE Trac Thai Sieng, and was attended […]
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