PHNOM PENH: Cambodia has taken the top spot on fDi Intelligence’s list of the most attractive emerging markets for investment in 2024, according to a December 2023 report. Meanwhile, the southeast Asian nation is expected to see the strongest growth in foreign direct investment (FDI) this year, driven by a projected GDP growth of 6.1%, up from 5.6% in […]
PHNOM PENH: Cambodia’s economy has consistently demonstrated remarkable growth, averaging 7% annually in the decade preceding the COVID-19 pandemic. Despite global challenges, the country’s economy is projected to expand by 5.2% in 2023, solidifying its position as a dynamic investment destination (General Department of Public-Private Partnerships, GDPPP) . The Cambodian government has created a business-friendly […]
PHNOM PENH: Pursat has become an unexpected investment hotspot. Pursat province, once considered an unlikely candidate for large-scale investment, is rapidly transforming into a key economic hub for Cambodia. The province has recently attracted significant attention from both domestic and international investors. On July 8th, 2024, a high-level government delegation inspected a proposed 140-hectare special economic zone in Krakor […]
A Thai delegation composed of representatives of the Board of Investment of Thailand, the Thai Business Council, and investors from 20 companies is visiting Cambodia to learn more about the Kingdom’s investment environment and explore opportunities for further business cooperation between the two countries. Kem Sithan, Acting Minister of Commerce, received the Thai delegation at […]
Cambodia is experiencing a significant surge in the adoption of electric vehicles (EVs) with a total of 3,676 units of electric cars, electric scooters and electric three-wheelers registered as of August 2024, said Peng Ponea, Minister of Public Works and Transport. The minister made this announcement during a dissemination workshop on National Policy on EV […]
Cambodia is experiencing a ‘flurry of overseas investment interest’ in 2024 signifying a positive outlook for the economy in coming periods, says a business development firm, Aquarii BD Cambodia’s latest investor’s prospectus report. According to Michael Tan, founder and CEO of Aquarii BD Cambodia, “We are witnessing a clear upward trajectory in Cambodia’s investment climate.” […]
Fresh off the welcome upsurge in tourist arrivals, authorities in Kampot revealed ambitious new infrastructure projects to woo more tourists. On Tuesday, Kampot Provincial Governor Mao Thunin announced plans for the largest ship with a restaurant on top as well as a beach in front of the international tourist port, among other mega projects. The […]
Melco Resorts & Entertainment, developer and operator of City of Dreams Mediterranean, on Tuesday evening hosted an event to promote Macao’s status as a travel, leisure, and business destination. The event, the second in a series of ‘Glow Your Way to Macao’ gatherings hosted by Melco, was attended by officials from Cyprus, the Macao Special […]
Hellenic Bank provided an update on the bank’s achievements and developments since early 2024 during its annual general meeting on Wednesday. In a statement, the bank said that the meeting “marked a significant milestone as it transitions into a new era”, saying that “the meeting was held in an optimistic atmosphere”. In his address, group […]
The Limassol Marina on Wednesday announced that it is celebrating its tenth anniversary through a number of special events. Since its launch, Limassol Marina has established itself as an award-winning, world-class destination, blending luxurious seaside living with vibrant commercial and cultural life. As part of its anniversary celebrations, six well-chosen events are scheduled to reflect […]
Siem Reap, Cambodia — The centuries-old temples of Cambodia’s famed Angkor Wat played host to a parade of Rolls-Royces, Ferraris and Lamborghinis Tuesday, although drivers were banned from revving their supercharged engines. The event was intended to promote the environmentally sensitive Unesco-listed World Heritage site, where the ruins of the Khmer empire’s greatest monuments are […]
The First Vice President of the Council for the Development of Cambodia (CDC) Sun Chanthol, and Igor Driesmans, the Ambassador of the European Union (EU) to Cambodia, on Tuesday, chaired the first public-private dialogue between Cambodia and the EU to hear the concerns of European investors in Cambodia. The first Cambodia-EU public-private dialogue is part […]
Prime Minister Hun Manet received Tony Blair, the former British Prime Minister and Executive Chairman of the Tony Blair Institute for Global Change (TBI), at the Peace Palace on Tuesday. In the meeting, Blair praised Cambodia’s remarkable progress and highly evaluated Pentagonal Strategy Phase 1. He also expressed his intention to cooperate with the government […]
In a significant step towards enhancing economic ties and cross-border business opportunities, Hattha Bank, MUFG Bank, Cambodia-Japan Cooperation Center (CJCC), and Cambodia-Japan Association for Business & Investment (CJBI) have signed a Memorandum of Understanding (MoU). This landmark agreement aims to promote business collaborations and economic cooperation between Cambodia, Japan, Thailand, and other countries where the […]
TOKYO/SINGAPORE/BANGKOK/KUALA LUMPUR — Making payments through scanning QR codes with smartphones is expanding rapidly in Southeast Asia, with countries like Malaysia and Cambodia leading the growth in transactions. QR payments started to spread in the emerging region several years ago due to low bank account ownership levels, scarce ATM networks in rural areas and the […]
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