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ខ្មែរ Uncategorized
NR 41 Restoration Project Achieves 97% Completion with Over USD 67 Million Investment
- 4 December 2024
The extensive restoration and upgrade of NR 41, spanning 95 kilometres, has reached 97.01% completion as of November 2024. This transformative infrastructure project, valued at over USD 67 million, is funded through a concessional loan from the Chinese government and aims to enhance regional connectivity and economic growth. The update was confirmed during an inspection led by HE Suy San, Secre...
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Chinese Firm to Invest in Cambodia’s Growing Flower Industry
- 3 December 2024
A significant development in Cambodia’s agricultural sector is underway as a leading company from Yunnan province, China, has announced plans to invest in flower cultivation and supply within the country. This initiative follows discussions held on 27 November 2024 between Mr. Suon Sophal, Deputy Secretary-General of the Cambodian Investment Committee, and a Chinese delegation led by Mr. Li Son...
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Singapore Firm YCH Group Plans to Revolutionise Cambodia’s Logistics Sector
- 2 December 2024
Cambodia’s logistics sector is poised for a transformation as Singapore-based YCH Group reaffirms its commitment to investing in the country’s connectivity infrastructure. Following a productive meeting with PM Samdech Hun Manet, Mr. Robert Yap, Chairman of YCH Group, expressed the company’s enthusiasm for Cambodia’s potential, highlighting plans to enhance transportation and logistics services...
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Cambodia’s Exports Surge by 16%, Reaching Nearly USD 22 Billion in 2024
- 2 December 2024
Cambodia recorded a remarkable export performance in the first 10 months of 2024, with international shipments valued at nearly USD 22 billion, representing a 16% growth compared to the same period in 2023. The Ministry of Information highlighted these figures on 13 November 2024, showcasing the country's expanding global trade footprint. The United States remained Cambodia's largest export des...
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Cambodian Government Commits to Rebuilding Boeung Chhouk Market in Battambang for Affected Traders
- 29 November 2024
The Cambodian government has announced a comprehensive plan to reconstruct the Boeung Chhouk Market in Battambang, which was severely damaged in a fire on 3 November 2024, destroying nearly 150 stalls. PM Samdech Hun Manet confirmed the project during the inauguration ceremony of achievements in the Boeung Chhnuk Techo Win-Win Development Zone on 29 November 2024. The rebuilding initiative will...
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CDC Unveils Groundbreaking Investment Project Management System to Boost Investor Confidence
- 29 November 2024
The Council for the Development of Cambodia (CDC) has officially launched the innovative “CDC Investment Project Management System (cdcPM),” a state-of-the-art digital platform designed to simplify and streamline the investment application process. This system allows investors to apply from anywhere and anytime, enhancing efficiency, reducing processing times, and ensuring greater transparency ...
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Cambodia Issues Nearly 70,000 Construction Permits Worth USD 78.96 Billion in 24 Years
- 28 November 2024
In a remarkable achievement for Cambodia's construction sector, the Cambodian government has issued 67,696 construction permits over the past 24 years, representing projects valued at approximately USD 78.96 billion. These projects cover a combined area of 199,455,440 square meters, according to the Ministry of Land Management, Urban Planning, and Construction’s report shared at a conference on 26...
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Ministry of Mines & Energy Embarks on Strategic Refinery Investments to Bolster Oil Supply
- 28 November 2024
The Ministry of Mines and Energy has unveiled plans to invest in refinery projects to secure a stable and sustainable oil supply for Cambodia, with projections to generate approximately USD 12.35 million in state revenue by 2024. During the ministry's annual meeting on 21 November 2024, HE Keo Rattanak, Minister of Mines and Energy, emphasized the importance of establishing strategic oil reserv...
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ADB Approves USD 50m Loan to Boost Cambodia’s MSME Sector
- 27 November 2024
The Asian Development Bank (ADB) has approved a USD 50 million loan to enhance Cambodia’s micro, small, and medium-sized enterprises (MSMEs), aiming to strengthen the business environment and reduce trade barriers in Southeast Asia. ADB Country Director for Cambodia, Jyotsana Varma, highlighted the MSME’s transformative potential: “By fostering the growth of these enterprises, we can attract in...
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Thailand to Build USD 420k Friendship Bridge Linking Chanthaburi & Pailin for Stronger Cross-Border Ties
- 26 November 2024
Thailand has announced plans to construct the Chanthaburi-Pailin Friendship Bridge, a permanent link between Chanthaburi province in Thailand and Pailin province in Cambodia. The project, estimated to cost approximately USD 420,000 (15 million baht), aims to boost cross-border trade and tourism. Interior Minister Anutin Charnvirakul confirmed the initiative during a site inspection at the Ban P...
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