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ខ្មែរ Uncategorized
Cambodia and the UK Forge Green Partnership: A Milestone in Sustainable Infrastructure Development
- 16 December 2023
Cambodia and the United Kingdom inked a Memorandum of Understanding (MoU) signaling a commitment to foster investment in green infrastructure projects within the Kingdom. The MoU, signed by His Excellency Meas Sok Sen San, Secretary of State of the Ministry of Economy and Finance, and His Excellency Dominic Williams, UK Ambassador Extraordinary and Plenipotentiary to Cambodia on December 8, 2023, ...
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ADATA Unveils Ambitious $100 Million Investment in Cutting-edge Technology Plant in Cambodia
- 16 December 2023
ADATA Technology Co., Ltd., a globally renowned Taiwanese DRAM memory manufacturer, has officially declared its commitment to a staggering US$100 million investment in various electronic products within the country. The announcement came during a press conference at Sofitel Phnom Penh Phokeethra on 14 December 2023, attended by HE Nim Vannak, CEO of ACE Group, and Mr Chen Chien Wen, representative...
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ADB-Funded Wastewater Project in Kampot Enhances Environmental Sustainability with US$20m Investment
- 15 December 2023
The Asian Development Bank (ADB) has played a pivotal role by extending a US$20 million loan for the construction of a state-of-the-art sewer system and wastewater treatment plant in Kampot province. The culmination of this impactful project was marked by an official inauguration ceremony on 15 December 2023, attended by key dignitaries, including HE Peng Po, Minister of Public Works and Transport...
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Cambodia’s Exports Surge to Over US$20bn, Marking a Resilient 1.2% Growth in 2023
- 15 December 2023
Cambodia has recorded a noteworthy surge in exports, surpassing the US$20 billion mark in the first 11 months of 2023. The General Department of Customs and Excise of Cambodia reports a commendable 1.2% increase compared to the corresponding period in 2022, showcasing the nation's steadfast position in the global trade landscape. From January to November 2023, Cambodia's trade volume with China...
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CRBC Advances Phnom Penh-Siem Reap-Poipet Expressway Project, Anticipates Completion of Feasibility Study in 2024
- 14 December 2023
China Road and Bridge Corporation (CRBC) is conducting a preliminary feasibility study for the Phnom Penh-Siem Reap-Poipet Expressway. The latest update from the first meeting of the Inter-Ministerial Commission held on 13 December, highlighted CRBC's commitment to completing the feasibility study for the Phnom Penh-Siem Reap section by February and the Siem Reap-Poipet section by May 2024. The...
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Gov’t Unveils Transformative Irrigation & Drainage System Projects in West Tonle Sap & Phnom Penh
- 13 December 2023
The Minister of Water Resources and Meteorology (MWRM) officially launched the West Tonle Sap Irrigation and Drainage System Rehabilitation Project, showcasing Cambodia's commitment to agricultural advancement. The event also marked the commencement of the Southwest Phnom Penh Irrigation and Drainage System Rehabilitation Project under Japanese development assistance. The momentous ceremony was pr...
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Cambodia Inks Concessional Loans Worth US$1 Billion With Development Partners Amidst a 17% Dip
- 13 December 2023
In the initial nine months of 2023, the Royal Government of Cambodia demonstrated strategic financial prowess by securing new concessional loan agreements with development partners, totaling a significant US$1 billion. This accomplishment, outlined in the Cambodian Public Debt Statistics Bulletin by the Ministry of Economy and Finance, reflects a tactical utilization of financial resources, consti...
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Japan Extends Generous Grant of US$300,000 to Safeguard Historic Sambor Prei Kuk Resort
- 12 December 2023
In a gesture of cultural preservation, the Government of Japan has announced a generous grant of US$300,000 to Cambodia for the enhancement and rehabilitation of the Sambor Prei Kuk resort in Kampong Thom province. A press release from the Embassy of Japan in Cambodia on 12 December 2023, highlighted Japan's commitment to supporting the "Human Resource Development Project for the Maintenance an...
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SAP Surges Ahead with 20.14% Increase, Notching Profit of US$28 Million in First Nine Months of 2023
- 12 December 2023
In a robust financial performance, Sihanoukville Autonomous Port (SAP) proudly reported a stellar net profit of 117,933,270,000 riels, equivalent to over US$28 million, marking an impressive surge of 20.14% during the initial nine months of 2023 compared to the same period in 2022. Delving into the financial details, SAP's total revenue collection for this period reached 264,567,991,000 Riels, ...
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Government Greenlights 21 New Projects in November, Attracting Investments of US$619 Million
- 11 December 2023
The Council for the Development of Cambodia (CDC) gave the green light to 21 new projects in November 2023. This strategic move, encapsulating a total investment of nearly US$619 million, is poised to generate approximately 22,000 job opportunities, marking a significant leap forward in the nation's economic trajectory, according to a CDC press release on 8 December 2023. Highlighted among thes...
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