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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 […]
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Cambodia Sees 60% Surge in Agricultural Exports in First Half of 2024
In the first six months of 2024, Cambodia exported over 6 million tons of agricultural products, marking a nearly 60% increase compared to the same period in 2023, according to a recent report from the Ministry of Agriculture, Forestry, and Fisheries. This significant growth reflects an unprecedented increase in agricultural exports over the last five […]
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Prime Business Location in Phnom Penh: The Standard Diamond Project by Borey Peng Huoth
Amidst recent economic shifts, many businesses have faced disruptions, yet the 60-metre road area in Phnom Penh is witnessing a notable resurgence. A standout location within this zone are the shophouses at Borey Peng Huoth’s The Standard Diamond Project, offering a prime opportunity for new ventures. These shophouses are strategically located along the main road […]
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Cambodia & Singapore Push for ASEAN Power Grid to Combat Rising Electricity Prices & Promote Green Energy
Cambodia and Singapore have proposed the re-establishment of the ASEAN Power Grid, aiming to promote green energy, protect the environment, and control rising electricity prices. This initiative, announced by Minister of Mines and Energy Keo Rattanak in a video released on 4 June 2024, comes 25 years after ASEAN initially set this goal but was […]
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Bassac River Bridge Project Surpasses Milestone, Completes 10.50% Ahead of Schedule
The construction of the bridge across the Bassac River, connecting Chak Angre Krom and Prek Pra, has achieved a completion rate of 10.50%, surpassing the planned progress by 1.03%. This update was confirmed by the Ministry of Public Works and Transport on their official Facebook page on 28 May 2024. The completed work includes the […]
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Cambodia Achieves Over 3,000sqkm of Landmines Cleared as Four Provinces Declared Mine-Free by 2024
In a momentous stride towards ensuring the safety and prosperity of its citizens, Cambodia marked the 25th anniversary of the National Mine Awareness Day on 24 February 2024, under the theme “Together to eliminate the dangers of landmines and unexploded ordnance in the community.” As of 2024, the Cambodian government proudly announced the successful clearance […]
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Paving the Way to Breathtaking Vistas: Bokor Mountain’s New Access Road On Track
In a significant stride towards enhanced connectivity and accessibility, the construction of the 61-kilometre road linking National Road No. 4 to the picturesque Bokor Mountain is now underway. Okhna Sok Kong, President of Sokha Hotel, conducted an inspection on 28 December 2023, revealing that the project has commenced the concrete pouring phase, a pivotal step […]
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Japan to Transform Cambodian Agriculture with Expansion of Cashew Processing Plant in Preah Vihear
Mirarth Agri Teach Co., Ltd., a Japanese enterprise, has unveiled plans to significantly expand its cashew processing plant in Preah Vihear province. The ambitious project, discussed during a meeting on 25 December 2023, between HE Dr Eang Sophalleth, Minister of Environment, and Mr Sasaki Koji, CEO of Mirarth Agri Teach Co., Ltd, seeks to amplify […]
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Five EU Countries Invests €5Billion in “Rail Baltica”, An Unprecedented Model for Global Infrastructure
In a groundbreaking initiative to transform Baltic connectivity, “Rail Baltica” emerges as a trailblazing greenfield rail transport infrastructure project. This ambitious endeavor seeks to seamlessly integrate the Baltic States into the European rail network, involving five European Union countries: Poland, Lithuania, Latvia, Estonia, and indirectly, Finland. A monumental leap in regional development, it stands as […]
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Beijing Urban Construction Group Explores Water Treatment Initiatives in Cambodia
Samdech Hun Manet, Prime Minister of Cambodia met with Mr Li Daosong, President of Beijing Urban Construction Group Co., LTD (BUCG) at the Peace Palace on 7 December 2023 who shared details about the company’s plans to conduct feasibility studies for water treatment projects in Cambodia. The proposed initiatives focus on establishing water treatment systems […]
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