Phnom Penh, April 1, 2024 – The World Bank’s latest economic forecast positions Cambodia and the Philippines as the leading lights of Southeast Asia, both set to achieve a 5.8 percent GDP growth in 2024. This robust expansion earmarks them as the fastest-growing developing economies within the ASEAN bloc this year. In a notable upward […]

Phnom Penh, April 1, 2024 – As Cambodia prepares to usher in the Khmer Traditional New Year this mid-April, Sankranta celebrations planned across the capital and various provinces are set to draw both domestic and international visitors in large numbers. These festivities, steeped in rich cultural traditions, promise a vibrant tableau of events, from traditional […]

As we sit cross-legged in front of two chanting monks, the heady scent of jasmine blossom fills the air. The fragrant buds are then scattered over our heads as the monks bless us at Vipassana Dhura, the largest Buddhist monastery at Oudong in Cambodia. Outside, curious children giggle and wave as we walk by. These […]

Heng Sour, Minister of Labour and Vocational Training, on March 28, met with Shoji Sakaki, President of the Cambodia-Japan Friendship Promotion Coalition of the Nagano Prefecture of Japan. The discussion focused on finding opportunities to expand the labour market and strengthen the skills of Cambodians. The Minister emphasized that due to the political relations between […]

A standard tourism port along the Mekong River in Kampong Cham province has been planned for construction to facilitate the docking of cruise ships. Delegations of the Ministry of Public Works and Transport and Kampong Cham provincial administration have recently inspected and evaluated the location of the river bank in Kampong Cham city for the […]

Over the past decades, Cambodia has experienced significant economic growth, averaging 7% annually pre-pandemic. The growth has been primarily driven by four key sectors: agriculture, garment, tourism and construction.  The garment industry, fuelled by strong export market demand, has been particularly influential, accounting for about 80% of the country’s total exports in recent decades and […]

Phnom Penh, March 29, 2024 – Australia is set to enhance its relations and cooperative efforts with Cambodia, with a particular focus on security issues along the border. This commitment was highlighted by Justin Whyatt, Ambassador of Australia to Cambodia, during a courtesy visit to Cambodian Deputy Prime Minister and Minister of Interior Sar Sokha […]

A Korean delegation comprising representatives of leading businesses such as Hyundai Motor, CJ Group and Booyoung Group sought investment opportunities in Cambodia, mainly in the digital and technology sector, vehicle assembly factories and manufacturing of value-added products. The delegation opened about this during a courtesy call to Sun Chanthol, Deputy Prime Minister and First Vice […]

A large cruise ship docked at Sihanoukville Autonomous Port on March 28, 2024, carrying 1,355 multi-national tourists and crew to visit Cambodia for one day. According to the report, after docking, the team, including the authorities and all competencies, welcomed the guests and arranged security for the guests at all places that tourists visited very […]

The Cambodian Ministry of Tourism recorded 988,574 international tourists in the first two months (January and February) of 2024, marking an increase of 18 per cent from the same period in 2023. According to a report released by the Ministry of Tourism on March 21, 2024, travellers from Thailand topped the number of international arrivals […]

The United Nations Industrial Development Organisation (UNIDO) has partnered with the Ministry of Industry, Science, Technology& Innovation (MISTI) to embark on the creation of an eco-industrial park (EIPs) in Cambodia. The initiative aims to foster sustainable industrial development by integrating environmental protection, resource efficiency, and economic prosperity. This cooperation was discussed in a meeting held […]

In the first two months of 2024, imports and exports of goods by manufacturing enterprises within the Sihanoukville Special Economic Zone (SSEZ), one of the nation’s largest and longest-running industrial hubs, reached a total value of $628 million, according to a recent report by the General Department of Customs and Excise (GDCE). The achievement marks […]

The Ministry of Environment has encouraged companies and development partners to contribute to carbon investment in Cambodia for clean soil, water, and air. Eang Sophalleth, Minister of Environment, made the remarks when receiving Hoang Anh Dung, CEO of Investment and Trading Consulting Company Limited (INTRACO Holding) of Vietnam, in Phnom Penh on Mar. 26. Sophalleth […]

The 2nd National Day of Science, Technology & Innovation (STI Day 2024) was held at the Koh Pich Convention and Exhibition Centre in Phnom Penh from March 24-26 2024, with Prime Minister Hun Manet attending and outlining the key objectives to achieve the STI Roadmap 2030 goals. The STI sector will play a crucial role […]

Phnom Penh, March 27, 2024 – The Sihanoukville Special Economic Zone (SSEZ), a major industrial hub in Cambodia, has reported a significant increase in its import-export value, reaching US$628 million in the first two months of 2024. This marks a substantial 38.3 percent year-on-year growth compared to the same period last year, according to a […]

26 March 2024, Phnom Penh – Singapore’s The Ascott Limited (Ascott), the wholly-owned lodging business unit of CapitaLand Investment, has entered into a management agreement with Overseas Cambodian Investment Corporation (OCIC), for the management of Somerset Diamond Bay Garden Phnom Penh in Koh Pich. The agreement was signed by Ms. Serena Lim, Chief Growth Officer […]