ATR, the manufacturer of regional aircraft, has announced the addition of three ATR 72-600 aircraft to Cambodia Angkor Air’s fleet. The airline will rebrand as Air Cambodia on January 1, 2025. The aircraft, procured by HNCAL (HNCA Aviation Financial Leasing Co., Ltd.), a Chinese lessor and subsidiary of Henan Civil Aviation Development & Investment Group […]
The Special Investment Promotion Programme for Preah Sihanouk Province, launched on January 31, 2024, by Prime Minister Hun Manet, has mobilized $6.03 billion in investments from 215 projects as of last month. This was disclosed to Khmer Times by Long Dimanche, Deputy Governor of Preah Sihanouk province, recently. Launched mainly to address the issue of […]
Cambodian Prime Minister Hun Manet said the Royal Government will continue to support and encourage investment in education and health as these sectors will never end. Addressing the groundbreaking ceremony for the construction of the University of Health Sciences Hospital under the concessional loan from the Government of the Republic of Korea, in Khan Sen […]
A three-day arts festival – featuring film screenings, a still film photo exhibition, Khmer performing arts, a concert featuring Princess Norodom Jenna, a fashion show and even the announcement of a screenwriting competition winner – got underway this morning in Chroy Chngavar. The Domner Khmer Art Festival was organised by a group of dedicated young […]
Phnom Penh Designers Week is set to return with its Fall/Winter 2024 edition, themed “Fashion in a Changing World”. Despite the relatively small size of Cambodia’s fashion industry, this bi-annual event has become a crucial platform for local designers to showcase their talent and creativity. Scheduled for December 7, the event will take place at […]
The Kingdom is gearing up for a transformative trade event as the Ministry of Commerce unveils the ‘Cambodia Trade Expo 2024’ (CTF), scheduled to take place from December 13-16 at the PH Center’s French Hall in Borey Peng Huot in the capital. The expo promises to be a pivotal platform for local producers, international buyers, […]
Cambodia approved 386 fixed-asset investment projects worth 6.4 billion during the first 11 months of 2024, generating over some 305,000 jobs, said a Council for the Development of Cambodia (CDC)’s report on Friday. The new projects were mainly focused on garment, travel goods, and footwear sectors, hotel development, hydroelectric power station, freshwater port, solar power […]
Academician Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance of Cambodia, projected that Cambodia’s economic growth in 2024 will be 6 per cent, mainly supported by continued momentum in export-oriented sectors and the garment sector. With sustainable peace, social order, safety and security, and political stability as strong foundations, Cambodia has consistently […]
The Royal Government is working to enhance the country’s investment climate by negotiating Double Taxation Agreements (DTAs) with six countries in the region and Europe. While Cambodia has implemented DTAs with Singapore, China, Thailand, Brunei, Vietnam, Indonesia, China’s Hong Kong Special Administrative Region, Malaysia and South Korea, DTAs with China’s Macau Special Administrative Region and […]
Even as the recent spike in tourism numbers in Kampot is yet to scale up to the same level as those witnessed in 2018-2019, the inflow of tourists in 2024 is quite encouraging. By sheer numbers, Kampot is now the Kingdom’s second most popular count-down destination, only after Siem Reap. What’s the reason for this […]
Even as the recent spike in tourism numbers in Kampot is yet to scale up to the same level as those witnessed in 2018-2019, the inflow of tourists in 2024 is quite encouraging. By sheer numbers, Kampot is now the Kingdom’s second most popular count-down destination, only after Siem Reap. What’s the reason for this […]
Cambodian Prime Minister Hun Manet outlined that Cambodia’s era of full peace is nearly 26 years old, marking the longest period of peace the country has experienced in almost 500 years. The premier spoke on Saturday (Dec. 7) during the opening of the 20th General Assembly of Regional Islamic Da’wah Council of Southeast Asia and […]
In November, the Council for the Development of Cambodia (CDC) endorsed 40 new investment projects and 3 production expansion projects with a total investment capital of $940 million, generating some 39,000 job opportunities for the locals. The CDC pointed out in a press release this afternoon that 11 of the approved investment projects are located […]
Cambodia’s construction sector attracted nearly $80 billion of investment capital over 24 years from 2000 to 2024, according to the annual report from the Ministry of Land Management, Urban Planning and Construction (MLMUPC), released in late November. MLMUPC’s report said, that from 2000 to 2024, the ministry has issued construction permits for 67,696 projects with […]
The European Union (EU) and Cambodia officially launched the EU Twinning Project with the National Institute of Statistics (NIS) titled “Enhancing the Quality of the Statistics System in Cambodia in Phnom Penh yesterday. The event was attended by EU Ambassador to Cambodia Igor Driesmans and the Minister of Planning (MoP), Bin Trachhey, with Team Europe […]
Trade activity between Cambodia and Laos is expected to grow after the two governments signed a double taxation agreement (DTA) aimed at addressing income tax issues and preventing tax evasion, despite the currently modest trade volume between the neighbouring countries. The agreement was signed on December 4 in Phnom Penh by Minister of Economy and […]