Phnom Penh: The Council for the Development of Cambodia (CDC) is in the process of developing a Three-Year Investment Promotion Strategy aimed at fostering an attractive investment climate and enhancing the country’s competitiveness within Southeast Asia.  During a high-level meeting held at the CDC’s headquarters in Phnom Penh on December 18, Mr. Sun Chanthol, Deputy […]

According to a report released on Dec. 20, the Council for the Development of Cambodia (CDC) approved 414 investment projects in 2024, up 54 per cent from 268 projects last year. The report added that the approved investment projects had a total investment capital of $6,900 million, up 40 per cent from $4,927 million in […]

The Ministry of Agriculture, Forestry and Fisheries (MAFF) will continue to collaborate with the Food and Agriculture Organisation (FAO) next year to implement the Agricultural Development Linking Investment to Trade (CAFE-2025) programme. Promoting investment in Cambodia’s agricultural sector to the international market and investment in Cambodia’s potential agricultural products with effective efficiency. In a working […]

Cambodian Senate President Hun Sen announced that Japanese ships would be the first to dock at Ream Port upon its completion. On Friday (Dec. 20), Hun Sen received a courtesy call from Akiba Takeo, the National Security Advisor of Japan, at the Senate. On the occasion, Akiba Takeo expressed his deep respect and gratitude to […]

Canada will upgrade its current Office in Phnom Penh to a full embassy with a resident Ambassador, in line with Prime Minister Trudeau’s recent announcement at the 2024 ASEAN Leader’s Summit in Vientiane. According to the Ministry of Foreign Affairs and International Cooperation, the good news was made known through a diplomatic note handed over […]

Prime Minister Hun Manet and also the President of the Council for the Development of Cambodia (CDC), chaired the first meeting at the Peace Palace of the CDC of the 7th mandate this morning. The Council for the Development of Cambodia was established on August 5, 1994, with the mission of attracting investment to Cambodia. […]

Bilateral trade volume between Cambodia and South Korea reached $762 million in 2024, an increase of 11.49 percent compared to the previous year, according to a report from the Ministry of Commerce (MoC), released yesterday. The report said that Cambodia’s exports totaled $288 million in 2024, while imports from Korea were worth $474 million. Cambodia […]

Cambodia exported garments, footwear, and travel goods worth $12.22 billion during the first 11 months of 2024, up 24.9 per centyear over year, according to a report from the Ministry of Commerce on Thursday. The report said that this year’s cited period, garments worth $8.94 billion were exported, an increase of 25.8 per cent year […]

An official report released on Thursday said Cambodia’s trade volume with its fellow ASEAN member states hit $14.3 billion in the first 11 months of 2024, up 12.8 per cent from $12.68 billion over the same period last year. The kingdom exported products worth $4.62 billion to other countries of the Association of Southeast Asian […]

According to a report from the Ministry of Agriculture, Forestry and Fisheries, as of the end of 2024, the number of pink dolphins has increased to 70 in the Prek Thnaot fishing community in Kampot Province, Cambodia. The Prek Thnaot Fishing Community, located in Prek Thnaot Sangkat, Bokor City, Kampot Province, is working hard to […]

India’s leading low-cost carrier IndiGo will start direct flights between Kolkata and Siem Reap to respond to the growth in passenger traffic between the two countries and promote cultural tourism. Sinn Chanserev Vutha, Secretary of State and Spokesperson for Civil Aviation, said that India’s IndiGo will start direct flights between Kolkata and Siem Reap in […]

Phase 1 of the Techo International Airport (TIA) project, with an investment of $1.339 billion, has surpassed 92% completion as of December 9 and is now on track for an official inauguration in July 2025, according to Sinn Chanserey Vutha, secretary of state and spokesperson for the State Secretariat of Civil Aviation (SSCA). The airport […]

Phnom Penh, December 19, 2024 – Prince Bank, a leading financial institution in Cambodia, is pleased to announce the appointment of Mr. Honn Sorachna as its new Chairman of the Board and Mr. Looi Kok Soon as Chief Executive Officer, effective Dec 17, 2024. Mr. Honn Sorachna, the new chairman of Prince Bank Plc Mr. […]

Cambodia’s Gross Domestic Product (GDP) growth is projected to marginally improve, reaching 5.5 percent in 2025 and 2026, according to the World Bank’s ‘Cambodia Economic Update: From Recovery to Resilience – Harnessing Tourism and Trade as Drivers of Growth,’ released recently. Even though domestic demand is expected to further improve in the next two years, […]

As Cambodia-South Korea trade grows, Cambodia Angkor Air is launching direct flights to the southwestern Korean county of Muan. The first flights from Phnom Penh will commence on December 29 and from Siem Reap on January 2. “The new connection opens up even more opportunities for travellers and makes it easier than ever before to […]

Phnom Penh, December 13, 2024 — Cambodian Prime Minister Hun Manet expressed pride in the nation’s export achievements as he opened the Cambodian Trade Expo at the PH Green Hall Center in Phnom Penh. Speaking at the ceremony, the Prime Minister celebrated the impressive growth of Cambodian exports, which have been steadily increasing each year. […]