Uncategorized

Cambodia’s Exports Surpass US$4.5bn in First Seven Months of 2023

Cambodia's exports to fellow ASEAN Member States (RCEP) have surged impressively, crossing the remarkable threshold of US$4.59 billion during the initial seven months of 2023. This remarkable upswing, reflecting a robust 21% increase from the analogous period in 2022, was eloquently underscored by HE Pan Sorasak, Minister of Commerce. He shared this pivotal insight during the August inauguration c...

Read More

A New Era of Clean Energy: China Installs Core Module of World’s First Commercial Small Nuclear Reactor Capable of Producing 125 MW

A significant stride towards sustainable energy solutions was accomplished on Thursday 17 August as China successfully installed the core module of the groundbreaking Linglong One, the world's inaugural commercial small modular reactor (SMR). Situated in the idyllic Hainan province in southern China, this achievement signifies a pivotal moment in the SMR's journey towards operation, according to a...

Read More

Angkor Tiger FC to Construct 5,000-Seat Stadium in Siem Reap

Angkor Tiger Football Club has announced an ambitious endeavour that is set to reshape Siem Reap's sports landscape. Anticipated to resonate with cheers from 5,000 dedicated fans, this stadium stands as a symbol of the club's profound commitment to sportsmanship and community engagement. The signing of a momentous Memorandum of Understanding with Fuxin Steel Building on 14 August, in the presen...

Read More

Strategic Alliance Formed: Four Institutions to Combat Counterfeit Goods Using Innovative Technology

Four key state institutions have forged a groundbreaking Memorandum of Understanding (MoU) aimed at tackling the menace of counterfeit goods. The official signing ceremony took place on 14 August 2023, heralding a new era in the battle against illicit and harmful products. Under the aegis of this MoU, the Management Enterprise of Transfer Stations and Solid Waste Landfills, after meticulous res...

Read More

MPWT to Propose 6 Billion Riels to Renovate NR76 Connecting Snoul District to Mondulkiri

The Ministry of Public Works and Transport (MPWT) is set to propose a budget of 6 billion Riels to the Ministry of Economy and Finance in 2024. This funding will facilitate the comprehensive renovation and upgrade of NR76, stretching from Snuol district, Kratie province to Mondulkiri province, heralding a new era of connectivity and accessibility for the region. During his recent inspection of ...

Read More

Chinese Chamber of Commerce Promises to Bring Over 40 Chinese Investors to Cambodia in August

Cambodia's investment landscape is on the brink of a transformative surge as Boris Xue, President of the Ningbo Chamber of Commerce in China, has pledged to spearhead the arrival of over 40 prominent Chinese companies to Cambodia by mid-August. In a landmark meeting held on 2 August 2023 with HE Chea Vuthy, Deputy Secretary General of the Cambodian Investment Committee (CEC) and the Cambodian S...

Read More

Australia Grants Over AUD83.6 M to Foster Key Sectors in Cambodia

Australia has extended its support by providing an official development assistance of AUD83.6 million (over US$ 56.5 million). This commitment is aligned with Australia's dedication to enhancing economic and social prosperity in Cambodia and marks a step towards reinforcing the strong bilateral ties between the two nations. The development assistance, as outlined in a letter from Senator the Ho...

Read More

Ho Chi Minh City and Hanoi Shine as Top Investment Destinations in the 2023 Asia-Pacific Survey

A recent Asia-Pacific Investor Interest Survey 2023 released by CBRE reveals some great news for Vietnam's real estate sector. Based on the experience of 500 regional real estate investment experts, Ho Chi Minh City and Hanoi have been ranked as the top 10 most attractive destinations for cross-border investment in the Asia-Pacific region. Ho Chi Minh City has risen to third place, surpassing even...

Read More

The 3rd Wastewater Treatment Plant in SHV completes 98%, scheduled to end this July

The third-largest wastewater treatment plant (PS3) in Sihanoukville, located in Village 4, Sangkat 4, is on the verge of completion, achieving an impressive 98% progress as of July 11, 2023. The construction, scheduled to conclude by the end of July 2023, signifies a significant milestone in the province's commitment to environmental sustainability and efficient wastewater management. HE Kouch ...

Read More

SHV Tourism Port Set to Transform into an International Tourist Hub

The Sihanoukville Provincial Authority has officially requested the assistance of the Ministry of Tourism in converting the newly inaugurated Sihanoukville Tourism Port into a prominent international tourist port. The aim is to facilitate seamless travel and promote tourism exchange between Cambodia, Thailand, and Vietnam. During the inauguration ceremony of the Preah Sihanouk Provincial Touris...

Read More