Kampot province is even more attractive to tourists after the statue of the “sea horse” spraying water in the garden in front of the old provincial hall was completed. This 8-metre-tall sea horse statue has water spraying from its mouth and is decorated with coloured lights. Many national and international tourists visit and take souvenir […]

Cambodia’s economic growth is forecast to strengthen in 2024 with continued moderating inflation, said an ASEAN+3 Macroeconomic Research Office (AMRO)’s regional economic outlook released on Monday. The report said Cambodia’s economy is expected to grow at 6.2 percent this year, up from 5.3 percent last year. It added that inflation is projected to accelerate to […]

CHN Energy Investment Group Co. LTD, a state-owned mining and energy company in China, has proposed energy investment focusing on renewable power sources – solar PV and hydropower dams. In a meeting held on Monday between representatives of CHN Energy and Suon Sophal, Deputy Secretary General of Cambodian Investment Board at the Council for the […]

The Kingdom of Cambodia ranked first in ASEAN and third among the 20 fastest growing economies in Asia with a growth rate of 6.1% in 2024. According to Pen Bona, spokesperson of the Royal Government of Cambodia, the ranking of economic growth published by the Indonesian statistics firm SeasiaStats is based on the forecasts of […]

Many resorts in Kampong Cham province are ready to welcome national and international tourists on the occasion of Khmer New Year with colourful decorations, strengthen security, and order to provide safety to create fun and attract more tourists to visit than in previous years. Sean Sokun, Director of Kampong Cham Provincial Department of Tourism, said […]

The construction sector achieved remarkable growth last year with constructed area and investment showing a positive growth. The Ministry of Land Management, Urban Planning and Construction issued construction permits to 3,207 projects in 2023, a year-on-year decrease of 25 percent or 1,068 projects down from 4,275 projects approved in 2022, according to a Socio-Development Trend […]

Hong Kong-based Sunwah Group, along with a group of leading investors, have evinced interest to invest in a range of areas including financial technology to smart city development and property and energy to tourism in Cambodia. Sunwah Group Chairman Jonathan K.S. Choi made these remarks during a meeting with Prime Minister Hun Manet on Monday […]

Yianna Christou explains how beverage companies are embracing ESG. This shift in consumer priorities means that brands actively engaging in ESG initiatives can build, trust, credibility and emotional connection strengthening their consumer base. Integrating Environmental, Social, and Governance (ESG) principles into marketing strategies is crucial for the beverage industry’s future,” says Yianna Christou, a marketing […]

Cambodia leads the growth projection in Southeast Asia in 2024, according to Seasia Stats based on Southeast Asia’s 2024 GDP growth projection from the IMF’s October 2023 Outlook and January 2024 update. “Cambodia tops the list with 6.1 percent, while the Philippines ranks second with 5.9 percent and Vietnam third with 5.8 percent.” For Asia, […]

The Undersecretary of State and Spokesman for Civil Aviation has stated that Emirates flights from Cambodia to United Arab Emirates – connecting Phnom Penh to Dubai – should resume in May, after the stoppage due to the pandemic. Mr. Sin Chanseryvutha, Undersecretary of State and Spokesman for Civil Aviation, stated that the Royal Government of […]

The Council for the Development of Cambodia (CDC) approved 106 fixed assets investment and expansion projects worth $2.2 billion in the first three months of this year, a jump of 649 percent over the same period last year. Of the approved projects, 73 are in special economic zones and 33 others in non-special economic zones, […]

The Ministry of Commerce (MoC) is one of the busiest ministries of the Royal Government of Cambodia with too many things on its plate. Besides maintaining the momentum of the flow of export of goods and products to maintaining good relations with trading partners, the MoC is also engaged in exploring new frontiers to attract […]

Although the construction of the beach between the rainbow bridge (the old bridge) to Kampong Bay bridge (the new bridge) is not yet complete, the provincial governor said it will be open to tourists on the occasion of the upcoming Khmer New Year, while the specialised department is busy accelerating the construction of the road […]

The latest SCB EIC report expects ASEAN CLMV nations, including Cambodia, to witness accelerated economic growth in 2024 due to increasing foreign direct investment compared to prior years. The SCB EIC is the Economic Intelligence Center (EIC) unit of the Siam Commercial Bank Public Company Limited (SCB), headquartered in Bangkok, Thailand. The EIC produces regular […]

Phnom Penh, April 5, 2024: The Council for the Development of Cambodia (CDC) has given the nod to an impressive slate of 106 investment projects and expansions for the first quarter of 2024, marking a significant increase of 67 projects compared to the same timeframe last year. This morning’s press release from the CDC revealed […]

Cambodia has reported a remarkable increase in the number of Chinese tourists to its famed Angkor Archaeological Park in the first quarter (Q1) of 2024, according to a state-owned Angkor Enterprise’s report on April 5, 2024. Some 22,095 Chinese holidaymakers sightsaw the Angkor during the January-March period 2024, up 92 percent from 11,498 over the […]