RCEP Agreement Set to Transform China-ASEAN Maritime Trade with Unprecedented Blue Economy Integration
The Regional Comprehensive Economic Partnership (RCEP) is poised to revolutionize maritime trade between China and ASEAN, with marine transport currently accounting for 94 percent of China’s foreign trade and over 60 percent of ASEAN’s foreign trade while representing 65 percent of bilateral trade between the two regions in 2023. This landmark development emerges as part […]
Digital Park Initiative Unveiled to Boost Cambodia’s Digital Literacy and Start-Up Scene
The Ministry of Posts and Telecommunications of Cambodia has announced an ambitious plan to establish a digital park aimed at enhancing digital literacy and fostering the growth of digital start-ups in the country. This initiative, inspired by Thailand’s successful Thailand Digital Valley project, was revealed by H.E. Hak Sokheng, Undersecretary of State of the ministry. […]
Cambodia Revamps Investment Policies to Attract Global Companies Amid Trade Wars
Cambodia is revising its investment policies to enhance its appeal to multinational corporations and attract businesses looking to relocate from countries affected by ongoing trade tensions. The Council for the Development of Cambodia (CDC) is leading these reforms to offer increased incentives and streamline investment procedures. This initiative is particularly relevant as many companies and […]
Cambodia Enhances Investment Climate with Adoption of 21 International Standards
Cambodia is taking significant strides to boost its economy and attract foreign investment by adopting 21 new international standards as national standards. This pivotal decision was made during the National Standards Council’s 30th meeting on January 30, 2025, which focused on reviewing and approving key standards across various sectors. The adoption of these standards aligns […]
World Bank Pledges Support for Cambodia’s Development as a Regional Logistics Hub
In a significant commitment to Cambodia’s economic growth, the World Bank has announced its support for its ambition to become a competitive logistics hub in the region. This announcement was made by Ms. Tania Meyer, the World Bank Country Director for Cambodia, during a videoconference focused on the methodology and processes for gathering data related […]
Phnom Penh Government to Launch Innovative Pedestrian Street Trial
The Phnom Penh Municipal Government is excited to announce the upcoming trial of a pedestrian street project, dubbed “Walk Street,” along the iconic Sisowath Avenue. This initiative aims to transform the city’s heart into a vibrant, pedestrian-friendly environment, allowing residents and visitors alike to enjoy the area more fully. The trial will commence on Saturdays […]