Cambodia attracted investment of $1.3 billion in the first two-month period of this year, according to the Council for the Development of Cambodia (CDC). China was the leader in foreign direct investment (FDI) to the Kingdom, accounting for about 39 percent of total investment capital, said Chea Vuhty, Secretary-General of CDC’s Cambodia Investment Board (CIB). […]
Really Cool Airlines of Thailand and AirAsia Cambodia are to add to Southeast Asia routes operating from the Macau International Airport. In a recent statement, the company responsible for operating MIA indicated that Really Cool Airlines of Thailand will start operating routes between Thailand and Macau, while AirAsia Cambodia has confirmed operating a Phnom Penh-Macau […]
In the first two months of 2024, Cambodia exported 90,153 tonnes of milled rice through 40 rice exporters to 50 destinations. This is according to the press release of the Cambodian Rice Federation, which was received by local news on March 9. The 50 destinations include 22 EU countries, 51,333 metric tonnes of milled rice […]
Following a bilateral meeting between Indonesian President Joko Widodo and Cambodian Prime Minister Hun Manet on the side-lines of the ASEAN-Australia Special Summit two days ago, the Indonesian Ambassador to the Kingdom of Cambodia, Santo Darmosumarto, paid a working visit to Prey Veng Province. As previously reported in various news outlet, President Jokowi and Prime […]
Focus Consortium in collaboration with the State Secretariat for Civil Aviation (SSCA) has launched a feasibility study on the proposed Mondulkiri airport and the development of satellite cities in the province. The firm was authorized to conduct the projects in January. SSCA has been cooperating with the Focus Consortium to develop the projects in accordance […]
Cambodia has recorded a significant rise in the number of Chinese tourists to its famed Angkor Archaeological Park in the first two months of 2024, according to the state-owned Angkor Enterprise’s report on Thursday. The report said 16,074 Chinese holidaymakers visited the Angkor during the first two months this year, up 140 percent from 6,690 […]
Cambodia provides tremendous investment opportunities, especially in key sectors such as infrastructure and energy and its open Investment Law is an added attraction, said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), to a delegation of the Vietnam Cambodia Business Association (VCBA), recently. The Deputy […]
US Department of State assistant secretary for East Asian and Pacific Affairs Daniel Kritenbrink said he had a range of “productive conversations” with Prime Minister Hun Manet on how the US and Cambodia can deepen their relationship and address contentious issues. During his February visit to Phnom Penh, Kritenbrink met with Manet and Minister of […]
Cham Nimul, Minister of Commerce, met with Senator Hon Tim Ayres, Assistant Minister for Trade and Assistant Minister for Manufacturing of Australia, to discuss and strengthen friendship and bilateral economic and trade relations between Cambodia and Australia on March 5, 2024. The meeting was held on the occasion of accompanying Prime Minister Hun Manet to […]
Neak Oknha Kith Meng, President of Cambodia Chamber of Commerce (CCC) and Chair of ASEAN Business Advisory Council Cambodia, encouraged and invited Australian companies to explore the diverse opportunities that Cambodian market presents and asked Australia to contribute their expertise to shared success as Cambodia offers as a gateway for Australian businesses seeking to diversify […]
Cambodia has experienced a stable growth of exports to foreign markets despite a slowdown in global demand and a war crisis, a senior official of the Ministry of Commerce said. Cambodia’s exports were worth $1,967 million in January of 2024, a 27 percent increase compared to the same period in 2023, a General Department of […]
The Council for the Development of Cambodia (CDC) on Wednesday said that it working towards attracting investment partners from Australia. The CDC would also be exploring with other government departments and business chambers ways to boost semi-finished and processed product exports to Australia. The CDC in a statement on Wednesday said the Cambodia Investment Committee […]
Commercial Aircraft Corporation of China, Ltd. (COMAC) conducted flight displays of its ARJ21 and C919 commercial aircraft in Cambodia yesterday. Showcasing of the two jetliners in Cambodia was part of the COMAC’s demonstration of flights in Southeast Asian countries such as Vietnam, Laos, Cambodia, Malaysia and Indonesia. The flight demo took place at the Phnom […]
China-based tyre manufacturer Shouguang Firemax Tyre Co., Ltd., has made plans to invest in a radial tire production facility in Cambodia, according to recent Chinese media reports. The overseas expansion project has been initially valued at $190 million. Once operational, the company’s new Cambodian-based facility is expected to boast an annual capacity to manufacture 8 […]
Cambodia’s efforts to get back the Generalized System of Preferences (GSP) concessional trade status, given by the US to select countries, are yet to succeed but W. Patrick Murphy, the US Ambassador to the Kingdom, recently indicated that he supported the initiative. During a meeting with Bin Trachhey, Minister of Planning, on Tuesday, Murphy reportedly […]
The Green Climate Fund (GCF) has approved the Cambodian Climate Financing Facility (CCFF) during its 38th board meeting in Rwanda. This initiative, with concessional funding of $100 million, aims to support Cambodia’s transition towards a green economy. The CCFF is a $100 million loan facility strategically designed to provide long-term concessional financing to sustainable private […]