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Cambodia’s Robust Trade Performance: Exceeding US$8bn in Two Months, Marking Nearly 20% Growth
In the initial two months of 2024, Cambodia's international trade volume surged to over US$8 billion, registering a notable increase of nearly 20% compared to the corresponding period in 2023, as per the provisional report from the General Department of Customs and Excise of Cambodia. The report reveals that from January to February, Cambodia's exports to major countries surpassed US$3.9 billio...
Read MoreTransformative Infrastructure Initiatives Propelling Southwest Cambodia towards Logistics Hub Status
Prime Minister Samdech Hun Manet of Cambodia has emphasised that the implementation of significant infrastructure projects, including the Funan Techo Canal and Techo International Airport, will elevate the southwestern region of the country to a pivotal logistics hub. Prime Minister Hun Manet articulated these views while inspecting the ongoing development of the US$1.5 billion 4F-class airport...
Read MoreJapan Extends Concessional Loan for Regional Hospital Development in Cambodia
In a significant gesture of bilateral cooperation, Japan has extended a concessional loan totalling JPY 21,104 million (approximately US$154 million) to Cambodia for the development of regional hospitals. The formal exchange of notes and accompanying documents took place on 13 March, with HE Sok Chanda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation o...
Read MoreIn February, Cambodia Secures Nearly US$1.2bn for Development with 37 New Projects
In a noteworthy surge of economic activity, Cambodia witnessed a substantial influx of investment totalling nearly US$1.2 billion during February 2024. This significant investment, as revealed in a press release by the Council for the Development of Cambodia on 12 March 2024, is poised to propel the development of the nation through the approval of 37 new projects and production expansion endeavou...
Read MoreGrand Opening of Techo Sen Koh Thom Hospital: An US$11m Milestone
Set against the backdrop of the tranquil Koh Thom district in Kandal province, the Techo Sen Koh Thom Hospital was officially inaugurated on 13 March 2024, marking a pivotal moment in the province's healthcare narrative. Worth more than US$11 million, this hospital stands as a beacon of medical excellence and community collaboration, presided over by Prime Minister Hun Manet in a ceremony that not...
Read MoreCambodia Eyes European Investment Booster: A US$540m Journey Over Three Decades
In a concerted effort to diversify and enhance its investment portfolio, Cambodia has set its sights on attracting a larger share of European investment. Despite hosting approximately 62 projects from Europe, a total investment of US$540 million since 1994, the nation views this figure as the tip of the iceberg. This ambition was at the fore during a meeting between HE Sun Chanthol, Deputy Prim...
Read MoreProgress Update: NR No. 4 Improvement Reaches Halfway Mark
As of March 2024, the extensive undertaking to enhance NR No. 4, spanning from Bek Chan commune in Kandal province to Bit Trang commune in Preah Sihanouk province, has achieved a significant milestone, with completion reaching 50.57%. HE Phan Rim, spokesperson for the Ministry of Public Works and Transports (MPWT), affirmed the substantial progress, noting that the reinforcement and paving of c...
Read MoreNR No. 48 Upgrade Surpasses 45%, Targeting 60% Milestone by May
Efforts to enhance the quality of Cambodia's crucial transportation artery, NR No. 48 (Sre Ambel-Koh Kong), have reached a commendable milestone, with completion currently standing at 45.17% as of 11 March 2024. The Ministry of Public Works and Transport (MPWT), led by HE So Vector, Secretary of State and Director of the Quality Improvement Project on NR No. 48, is resolutely committed to achievin...
Read MoreChina Uses Bentley’s Digital Twin to Build Xudong Underground Substation’s, Enough for Supplying 200k Residents
In a groundbreaking move to revolutionise the power grid infrastructure in central China, the Xudong underground substation emerges as a pivotal project in the 13th five-year plan of the Hubei power grid. This innovative substation, the first of its kind in central China, operates at 220 kilovolts and serves as a pilot demonstration project for Wuhan's ambition to establish a top-tier power grid. ...
Read MoreOver 80% Completion: Battambang’s Ambitious City Rehabilitation Nears the Finish Line
A transformative initiative to revitalise and enhance the infrastructure of Battambang City is making significant strides, with drainage and road construction projects on both sides of the Stueng Sangke River surpassing an impressive 80% completion mark. The update, shared by the Battambang Provincial Administration via its official Facebook page on 8 March 2024, sheds light on the substantial pro...
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