English 
ខ្មែរ Uncategorized
TOTAL Energy Partners with MoE to Spearhead Green Investment Initiatives in Cambodia
- 6 February 2024
In a strategic alliance aimed at advancing environmental sustainability, TOTAL Energy has joined forces with the Ministry of Environment (MOE) to pioneer green investment initiatives, focusing on tree planting, green space expansion, and carbon-neutral practices. The collaborative effort was underscored during a productive meeting between HE Eang Sophalleth, Minister of Environment, and Mrs. Dinah...
Read More
Cambodia’s Construction & Real Estate Sectors Exhibit Slower Growth in 2023, Navigating Economic Dynamics
- 5 February 2024
The landscape of Cambodia's economic sectors, particularly construction and real estate, witnessed a tempered growth trajectory in 2023, as outlined in the National Bank of Cambodia's report released on 29 January. In 2023, the construction sector experienced a growth rate of 1.1%, a measured pace compared to the 2022 figure of 0.5%, indicating a cautious upward trend. The report attributes thi...
Read More
Japan’s Robust Investment: US$706m Fuels Construction of Three AEON Supermarkets, Unveiling Plans for a Fourth Location by 2023
- 5 February 2024
AEON Mall (Cambodia) Co., Ltd., the Japanese retail giant has invested a substantial US$706 million in constructing three supermarkets in Cambodia as of 2023. This update was revealed during a productive meeting between HE Sun Chanthol, Deputy Prime Minister, and first Vice President of the Council for the Development of Cambodia, and Mr Tsboya Masayuki, Managing Director of AEON Mall on 1 Februar...
Read More
First Phase of Thailand’s US$28bn Landbridge Project Kicks Off
- 4 February 2024
In a strategic bid for infrastructural advancement, Prime Minister Srettha Thavisin, joined by Interior Minister Anutin Charnvirakul and Transport Minister Suriya Jungrungreangkit, conducted a thorough examination of the Land Bridge megaproject on 21 January 2024. The project, designed to seamlessly connect Ranong province with Chumphon province, unfolds as a multi-faceted initiative encompassing ...
Read More
Gov’t Approves US$187m Investment Influx, Greenlights 32 New Projects in a Month
- 2 February 2024
The Council for the Development of Cambodia (CDC) announced its approval of 32 new investment projects, amounting to a staggering US$187 million, as of 1 January 2024. This significant development is anticipated to generate an impressive 29,000 employment opportunities, marking a pivotal stride in Cambodia's economic landscape. The CDC, in a press release on 1 February 2024, detailed the stando...
Read More
Gov’t Unveils Special Program to Revitalise Stalled Real Estate Projects in Sihanoukville
- 2 February 2024
In a bid to invigorate economic growth and industrial development, the Cambodian government, led by Prime Minister Samdech Hun Manet, officially inaugurated an ambitious special program to promote investment in Sihanoukville on 31 January 2024. The initiative introduces a comprehensive set of measures designed to facilitate and incentivize three distinct categories of investment in the province. ...
Read More
Vital Irrigation & Drainage Rehabilitation Project in Southwest Phnom Penh 10% Complete
- 2 February 2024
The Roleang Chrey and Stung Bati sub-projects of the Irrigation and Drainage Improvement and Rehabilitation Project in the southwest of Phnom Penh have successfully achieved a commendable 10% completion. This milestone was reported by the Ministry of Water Resources and Meteorology (MoWRM) on 30 January 2024. During his visit to the project sites, HE Minister Tho Chetha emphasized the crucial r...
Read More
ADB Grants Cambodia US$40m to Build National School of Local Administration in Prek Pnov
- 1 February 2024
The Asian Development Bank (ADB) has committed a US$40 million loan to fund the construction of the National School of Local Administration in Prek Pnov. The groundbreaking ceremony, presided over by HE Dr Sar Sokha, Deputy Prime Minister, and Minister of Interior on 19 January 2024, marked the initiation of a transformative project set to unfold on an expansive 8-hectare site in Trapeang Veng Vil...
Read More
World Bank Outlines Key Reforms to Elevate Cambodia to Upper-Middle-Income Status, Government Affirms Implementation Progress
- 1 February 2024
Proclaiming the government's dedication, Prime Minister Hun Manet has said, "The government steadfastly adheres to its commitment in realizing the aspiration of becoming an upper-middle-income country by 2030 and ultimately achieving a high-income country by 2050." His unwavering commitment was underscored during a poignant address at the Cambodia Development Resource Institute conference in Novem...
Read More
Cambodia’s Economic Odyssey: Anticipated 6.4% Growth in 2024
- 31 January 2024
The economic landscape of Cambodia is poised for robust expansion, with the National Bank of Cambodia forecasting a growth rate of approximately 6.4% in 2024. This optimistic projection, surpassing the 5.5% estimate for 2023, hinges on key sectors such as tourism, manufacturing, agriculture, and construction. In its comprehensive report on the economic and banking sector update for 2023 and the...
Read More