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ខ្មែរ Uncategorized
India Boosts Ecotourism Development in Kampong Thom & Prey Veng Provinces
- 26 September 2023
India has pledged its strong backing for ecotourism community development projects in two Cambodian provinces, Kampong Thom and Prey Veng. This encouraging commitment was the result of a productive meeting between HE Sok Soken, Minister of Tourism of Cambodia, and HE Dr Devyani Khobragade, Ambassador Extraordinary and Plenipotentiary of the Republic of India to the Kingdom of Cambodia. Underlin...
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ADB Revises Cambodia’s 2023 Economic Growth Forecast to 5.3% from 5.5%
- 26 September 2023
The Asian Development Bank (ADB) has adjusted its economic growth forecast for Cambodia, revising it from an initial estimate of 5.5% to 5.3% for 2023. This slight modification comes in light of slower-than-anticipated industrial growth during the first half of the year, with a notable 18.6% YoY decline in exports of clothing, footwear, and goods, according to ADB’s report released on 20 September...
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Gov’t Greenlights Fee Increases for Airline Services
- 25 September 2023
The Cambodian government has issued a notification sanctioning the SCA Airport Concession Company to revise airfare and related airline service charges for a five-year period, commencing from 1 September 2023 to 1 September 2028. This pivotal decision aims to enhance the quality of passenger services and aviation facilities provided by the SCA concession firm, which includes services such as la...
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Cambodia Construction Update: 2K Permits Issued in 7 Months, Valued at Nearly US$3 Billion
- 25 September 2023
Cambodia's construction sector is experiencing a remarkable surge as the Ministry of Land Management, Urban Planning, and Construction announces the issuance of 2,036 construction permits within the first seven months of 2023. This surge in construction represents an impressive span of progress, covering a vast expanse of 8 million square metres and boasting a total investment capital of US$2.9...
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US Shifting Supply Chains: China Expected to Lose 3m Jobs to Vietnam
- 24 September 2023
As the United States and Vietnam strategically realign their supply chains, aiming to reduce reliance on China, the recent shift in manufacturing could have substantial implications for China's job market. A report by Rabobank in 2022 estimated that up to 28 million Chinese jobs directly depended on exports to the West. Consequently, this "friend-shoring" strategy, as it is called, could potential...
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Cambodia & Australia Forge New Alliance to Boost Food Processing SMEs
- 23 September 2023
Cambodia and Australia have unveiled a strategic partnership aimed at bolstering small and medium enterprises (SMEs) within the agro-food sector. This dynamic initiative seeks to foster the development of innovative products, enhance adherence to food safety standards, and facilitate market expansion for SMEs. The announcement comes as part of a press release issued by Cambodian entrepreneurs on 2...
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Thailand-China High-Speed Railway Hits Fast Track: Phase 1 Operational by 2027
- 22 September 2023
The dream of a high-speed rail connection between Thailand and China is rapidly becoming a reality. The State Railway of Thailand has unveiled ambitious plans to have the first phase of the Thailand-China high-speed rail line, spanning from Bangkok to Nakhon Rachasima, operational by the year 2027. This monumental project, which will encompass a 253-kilometer stretch, is already 24% complete and c...
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CDC Greenlights Seven New Industrial Giants with US$24.3M Investment, Propelling Job Creation in Svay Rieng & Sihanoukville
- 22 September 2023
The Council for the Development of Cambodia (CDC) has granted approval to seven companies to embark on transformative ventures, collectively investing an impressive US$24.3 million. This strategic move is expected to usher in a wave of economic growth and 3,491 employment opportunities, benefitting the communities of Svay Rieng and Sihanoukville. The CDC announcement, dated 21 September 2023, h...
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Non-Garment Manufacturing Sector Skyrockets by 172% in First Half of 2023, Amid Surging Foreign Investment
- 22 September 2023
Despite the prevailing global financial uncertainty, Cambodia has experienced a remarkable influx of foreign direct investment (FDI) in the first semester of 2023, with an astounding growth rate of approximately 41.6%. The real standout, however, is the non-garment manufacturing sector, which has seen an explosive expansion, surging by an impressive 172%. These encouraging statistics were unveiled...
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Eve Energy Partners with Energy Absolute to Establish Cutting-Edge Lithium-Ion Battery Plant in Thailand
- 21 September 2023
Chinese battery manufacturer Eve Energy has entered into a Memorandum of Understanding (MOU) with Energy Absolute (EA), Thailand's premier renewable energy company. Their collaborative goal is to construct and operate a cutting-edge factory dedicated to the production of lithium-ion batteries, specifically for electric vehicles (EVs). This announcement aligns with the global trend of investment in...
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