PHNOM PENH: Cambodia approved 64 new investment projects and 4 production expansion projects worth in total US$748 million in January this year, generating almost 46,000 jobs for the locals, said a report of the Council for the Development of Cambodia (CDC) released on Wednesday. The number of approved investment projects rose by 112 percent while […]
Chea Vuthy, Secretary General of the Cambodian Investment Board of the CDC, on February 11, 2025, led his colleagues to meet with Daniel Spitzer, President and CEO of Mountain Hazelnuts, and Andreas Groetschel, CEO of Kamya AgriTrade, to discuss investment opportunities in the agro-industrial sector, especially the cashew industry in Cambodia. On this occasion, the […]
Charles Vann, Director of Cambodia Airport Investment Co., Ltd. (CAIC), Monday urged tourism associations and tour operators to actively promote the upcoming Techo International Airport (TIA), set to officially open in July. He encouraged them to help boost dissemination, mobilise efforts, and attract international tourists to visit Cambodia. Leading around 200 members of the Cambodia […]
This afternoon, Cambodian Prime Minister Hun Manet encouraged Filipino businessmen to further explore investment opportunities in Cambodia. Speaking at the Philippines-Cambodia Business Forum in Manila, as part of his two-day official visit on February 10-11, Hun Manet stated that while Cambodia is small, it possesses a big heart and is eager to welcome all foreign […]
The Prime Minister of Cambodia, Hun Manet, has extended an invitation to global investors to explore investment opportunities within Cambodia while reaffirming the Royal Government’s dedication to facilitating a smooth and successful investment experience. He addressed attendees on Monday at the Cambodia-Philippines Business Forum held in Manila, Philippines. “I would like to extend an invitation […]
Cambodia’s economy is projected to grow by 6.3 percent in 2025, which will raise the country’s gross domestic product (GDP) to $51.39 billion, a senior official stated on Monday. The Southeast Asian nation’s economy is primarily driven by exports of garments, footwear, and travel goods, along with tourism, construction and real estate, and agriculture. Ung […]
Cambodia’s international reserves increased to $22.5 billion in 2024, representing a year-on-year rise of 12.6 per cent, the National Bank of Cambodia’s Governor Chea Serey stated on Saturday. International reserves under the NBC’s control include foreign currencies, gold, and SDR (Special Drawing Rights). “Cambodia’s level of international reserves is considered high and can secure the […]
A delegation from nine European countries has expressed serious interest in Cambodia’s investment potential. During a meeting with the leadership of the Council for the Development of Cambodia (CDC), they shared their intention to suggest that their investors consider exploring commercial opportunities in the Kingdom. Sun Chanthol, first vice-president of the CDC, met with the […]
The International World Rice Conference (WRC) – considered the world’s most prestigious rice competition – may be held in Cambodia in 2025. This comes against the background of expectations that the Kingdom’s rice exports may have experienced a slight decline in 2024. During a meeting with Cambodian Prime Minister Hun Manet in Phnom Penh on […]
The announcement that BYD Auto will establish an assembly plant in Cambodia by the end of the year has attracted widespread praise from the Kingdom’s businessmen and economists. They have pointed out that the presence of China’s largest electric vehicle (EV) manufacturer, BYD, will contribute to Cambodia’s economy at a time when global political stability […]
Hollywood star Angelina Jolie – who became a Cambodian citizen in 2005 – has stated in a recent interview that she considers Cambodia as her home. Speaking to people.com, the Tomb Raider star was asked where she considered was her home. “In my heart, Cambodia,” Jolie answered. “My first trip was Tomb Raider, where you saw me hanging […]
The Management of Superhome Center (DIY) Limited has announced that an agreement has been reached for the company’s sale to Vasilitsi DIY Ltd. According to an official announcement to the press, the transfer of ownership is set to be completed within the month of February and “CEO, George Giovanni, and his team will continue guiding the […]
On February 5, Cambodian Minister of Tourism Hout Hak received a courtesy visit from Mr Reto Grueninger, Director of Cooperation at the Swiss Agency for Development and Cooperation (SDC), to discuss potential collaborative opportunities in the field of tourism. During the meeting, Minister Hak and Mr Grueninger deliberated on various initiatives to foster vocational training […]
Angkor Wat has found a prominent place in the list of ‘must visit’ temples of Southeast Asia, released by leading online travel agency Agoda on Wednesday. “As the largest religious monument globally, Angkor Wat’s grandeur and intricate carvings reflect the zenith of the Khmer Empire’s architectural and spiritual achievements.” Andrew Smith, Senior Vice President, Supply […]
The Council for the Development of Cambodia (CDC) is dedicated to enhancing Cambodia’s business environment to attract foreign investment. According to Sun Chanthol, Deputy Prime Minister and CDC First President, it is evaluating the existing regulations and procedures to identify areas in need of reform. The aim is to eliminate the complexities associated with conducting […]
Prime Minister Hun Manet has expressed his support for 5G mobile phone service. At yesterday’s closing ceremony of the Ministry of Post and Telecommunications (MPTC) meeting, which reviewed and assessed the five-year (2020-2024) achievements in digital transformation and set new goals for the coming years, held at Sokha Phnom Penh Hotel, Hun Manet requested that […]