Cambodia attracted fixed-asset investment of 396 million U.S. dollars in July 2024, the Council for the Development of Cambodia (CDC) said in a news release on Wednesday. Cambodian government approved 44 investment projects last month, which could generate approximately 25,000 jobs, according to the CDC. The new projects included a special economic zone, an aluminum […]
The Council for Development of Cambodia (CDC) has greenlighted 44 new investment projects worth $396 million in July 2024. These projects are expected to generate approximately 25,000 jobs for the local workforce, stated a CDC report issued on Wednesday. China remains the top investor in Cambodia, accounting for 68 percent of the total investment capital, […]
Cambodia’s Ministry of Labour and Vocational Training (MLVT) renewed its association with the American Center for International Labor Solidarity (ACILS) by signing a Memorandum of Understanding (MoU) on Tuesday. The MoU signed between Heng Sour, Minister of Labour and Vocational Training and William Conklin, Country Director of the American Center for International Labor Solidarity (ACILS) […]
During a visit to local food processing enterprises yesterday, Minister of Industry, Science, Technology & Innovation Hem Vanndy emphasised the importance of maintaining high standards of quality, safety, hygiene, and innovation in the Cambodian food product sector, with the ultimate aim of gaining international recognition through exports. In a show of support for local businesses, […]
Prime Minister of Hun Manet, received a courtesy call from a delegation of the Japan External Trade Organisation (JETRO) led by Mio Kawada, Executive Vice President of the JETRO, at the Peace Palace yesterday. During the meeting, Kawada praised the Government of Cambodia’s efforts to improve the investment climate in Cambodia. Kawada informed the premier […]
The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. Patsalides’ comments were delivered in his introduction to the CBC’s economic bulletin for June 2024, where he highlighted the positive economic indicators that underscore Cyprus’ […]
The Funan Techo Canal project is the symbol of national pride and progress, harkening back to the historical glory of the Khmer civilization during the Funan era. This era marked a golden age when Cambodia was the key commercial and cultural gateway of the Mekong region, facilitating trade and cultural exchanges that enriched the region […]
Cambodia Monday celebrated the commencement of the highly anticipated Funan Techo Canal project, a massive infrastructure initiative that will play an important role in transforming the country’s economic landscape. The historical day was marked with a groundbreaking ceremony, presided over by Prime Minister Hun Manet. Top government officials, business leaders and representatives from the local […]
Hem Vanndy, Minister of Industry, Science, Technology & Innovation MISTI), highlighted Cambodia’s socio-economic development and the burgeoning middle class as catalysts for the private sector’s expansion, at the LSH’s 25th anniversary celebration on Saturday. According to the Ministry, LSH is a major importer and distributor of food and non-food products in Cambodia. It has established […]
The groundbreaking ceremony of the much-awaited Funan Techo Canal (FTC) project is finally taking place, but not without its share of opposition emanating from known quarters. The Royal Government of Cambodia has adroitly addressed the criticism both technically as well as politically to defend FTC as inevitable axis to Cambodia’s march to progress on par […]
This weekend, Phnom Penh is hosting a trio of significant international trade expos at the Koh Pich Convention and Exhibition Centre. Nearly 100 companies from Cambodia, Thailand, and Malaysia are showcasing a diverse array of products at the Cambodia Architect & Décor 2024, Cambodia Health & Beauty Expo 2024, and Cambodia FoodPlus Expo 2024. Spanning […]
In the first seven months of 2024, Cambodia earned more than $27 million from ticket sales to tourists visiting Angkor Wat Archaeological Park, Koh Ker temple and Chong Kneas floating village in Siem Reap province. The figures came yesterday from an Angkor Enterprise press release detailing statistics on foreign tourists visiting various attractions. Angkor Enterprise […]
For all to grow and prosper, every single entrepreneur should be ready to adapt themselves into the society’s turning point through new innovations and digital transformation since adopting changes and learning new things keep us up with situation both in the region and the world. The remarks were made by H.E. SUN Chanthol, Deputy Prime […]
The Minister of Interior, Sar Sokha strongly believes that the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) of China will further promote investment and economic development in Cambodia’s priority sectors as the country aims to achieve a high-income status by 2030 and 2050. He made this statement on the occasion of receiving […]
A delegation of the Hong Kong Trade Development Council probed investment opportunities in Cambodia which has recently been ranked as the most potential destination for foreign direct investments (FDI) in 2024 by the FDI Standouts Watchlist for the year. The delegation from the Hong Kong Special Administrative Region of China, led by led by its […]
A total of 584,375 international tourists had visited Cambodia’s famous Angkor Archaeological Park in the first seven months of 2024, up 33% from 439,365 over the same period last year, said state-owned Angkor Enterprise on Thursday. The park made $27.17 million in revenue from ticket sales during the January-July period this year, up 33.8% from […]