Uncategorized
Cambodia-Hungary Economic Ties Surge, Reaching Nearly US$8m in the First 11 Months of 2023
In a promising testament to the deepening economic collaboration between Cambodia and Hungary, bilateral trade volume for the first 11 months of 2023 soared to approximately US$7.7 million. This robust figure reflects a notable 9.5% increase compared to the corresponding period in 2022, underscoring the resilience and growth potential of the partnership. The encouraging data emerged from the ou...
Read MoreOCIC Group Partners with Global Giants to Elevate Techo International Airport’s Duty-Free Experience
OCIC Group, a pioneering force in Cambodia's infrastructural development, has announced a landmark collaboration with Lagardère Travel Retail and HSC Group for the management of duty-free services at the upcoming Techo International Airport. Unveiled during Cambodian Prime Minister Hun Manet's official visit to France, this strategic alliance aims to redefine the airport retail experience and enha...
Read More10 new projects worth more than US$ 60M to be established in 4 provinces in Cambodia
Within 15 days, the Council for the Development of Cambodia has recently granted certificates for the registration of 10 pioneering investment projects, collectively valued at over US$60 million. This transformative wave is anticipated to yield 12,695 employment opportunities, underscoring Cambodia's commitment to robust economic growth, according to CDC’s Press release on 17 January 2024. Kamp...
Read MoreRuna Ek Transforms: Siem Reap’s Visionary Journey to ‘Runa Ek Techo Sen City’ Unveiled
The Cambodian government has formally declared the metamorphosis of Runa Ek into the distinguished "Runa Ek Techo Sen City," as decreed in Sub-Decree No. 07, issued on 11 January 2024. The birth of Run Ta Ek Techo Sen city in Siem Reap province involves the dedication of Run Ta Ek commune from Banteay Srei district and Throne commune from Prasat Bakong district. Administered through Sangkat Run...
Read MoreCambodia & France Ink Six Pivotal MOUs for Economic Advancement
In a groundbreaking move set to elevate economic collaboration between Cambodia and France, six crucial Memorandums of Understanding (MOUs) were recently signed, heralding a new era of strategic partnership. The signing ceremony unfolded under the esteemed presidency of Samdech Hun Manet, Prime Minister of Cambodia, during his official visit to Paris from 13 to 19 January 2024. Key Memoranda Un...
Read MoreMondulkiri Provincial Referral Hospital Unveils US$90k Ophthalmology Building
A significant milestone in healthcare was celebrated with the official inauguration of the ophthalmology building at Mondulkiri Provincial Referral Hospital, valued at nearly US$90,000. The momentous occasion took place during a ceremony presided over by HE Dr Ly Chhuong, Secretary of State of the Ministry of Health, on 15 January 2024. Dr Tuy Sros, the Director of Mondulkiri Provincial Referra...
Read MoreMLMUPC Mandates Licensed Engineers for Project Approvals
In a bid to reinforce the standards of construction projects across Cambodia, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) issued a crucial announcement on 11 January 2024. According to Article 15 and Article 32 of the Law on Construction, the MLMUPC asserts that all design projects utilised for construction or demolition purposes must bear the signature of a licensed...
Read MoreJCA: Attracting Even 0.1% of Japanese SMEs Means 4,000 Companies Investing in Cambodia
The Japan-Cambodia Association (JCA) is gearing up to establish its presence in Cambodia, aiming to attract Japanese investors and promote Cambodia's investment potential among Japan's vast network of around 4 million small and medium enterprises (SMEs). HE Takahashi Fumiaki, President of the Japan-Cambodia Association, revealed this plan during a recent meeting with Samdech Techo Hun Sen duri...
Read MoreMondulkiri’s Skyward Ambitions: Private Sector Gains Approval for New Airport Investment
The Cambodian government has granted approval for the exploration and investment in the Mondulkiri Airport project to the FOCUS Consortium, led by FOCUS Consulate Global Venture. Notification No. 41 of the NCC, dated 9 January 2024, signifies the government's commitment to propel Mondulkiri into a hub of progress. Beyond the scope of the airport, the government has extended permission for the F...
Read MoreThailand Sets Up a Date to Talk with Cambodia on the Gulf Overlapping Claims
In a strategic move to address the overlapping claims in the Gulf of Thailand, Thailand, and Cambodia are slated to commence discussions on 7 February 2024. This 26,000-square-kilometre area, known for its abundant energy resources, has been a point of contention between the two nations. Cambodian Prime Minister Hun Manet is scheduled to visit Thailand for these crucial talks, according to Pattaya...
Read More