With this, the number of projects eligible under the special investment promotion programme soared to 110 Another 27 projects worth $306 million in investments received approval for incentives recently under the ‘Special Investment Promotion Programme for Preah Sihanouk Province’ initiated by Prime Minister Hun Manet in January this year. The decision to provide the incentives […]
Siem Reap Provincial Administration is initiating measures on inter-sectoral cooperation to strengthen the quality of tourism services and develop new tourism products in the province and prepare the Angkor area to be a quality visit destination. Addressing a consultation workshop on the ‘Preparation of Siem Reap Tourism Development Plan 2025-2028’ organized by Siem Reap-Angkor Tourism […]
Kampong Speu province has proven a magnet for new business investments in the last year between September 2023 to August 2024. The region witnessed the approval of 95 new inward investment projects by the Council for the Development of Cambodia (CDC), marking the highest investment approval tally of any province, nationwide, during the period. The […]
PHNOM PENH (Phnom Penh POst/ANN): While the 2024 Gumball 3000 Rally won’t be tearing up the streets of the Kingdom for another fortnight, prominent Malaysian motorsport competitor Leona Chin has already been setting hearts racing in Cambodia. The rally will see a one-off collection of hypercars and other luxury vehicles touring the country, with the […]
PHNOM PENH: A delegation from the Hong Kong-based FUNG Group, led by Dr. William Kwok Lun, expressed keen interest in investing in Cambodia’s textile industry during a meeting with HE Sun Chanthol, First Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC). HE Chanthol highlighted Cambodia’s favorable investment […]
The e-commerce and digital trade sectors in Cambodia have witnessed remarkable growth in recent years, reflecting the country’s dynamic and resilient economy, thanks to government initiatives to promote digitalization. Cham Nimul, Minister of Commerce, made the remarks while presiding over the opening ceremony of the workshop on ‘Cambodia’s Digital Economy and Engagement with E-DISC’ (ERIA […]
At the end of July, the construction of Techo International Airport has reached over 80% completion, with a total investment of approximately $1.2 billion. The project is on schedule to be completed by the end of the year, Sin Chansery Vutha, Undersecretary of State and Spokesperson of the Secretariat of State for Civil Aviation, told […]
With India’s economy on the boom and direct flights underway, the Kingdom’s tourism industry stands to benefit from the Asian giant’s economic growth, with numbers expected to shoot up four times, a top official from Cambodia’s tourism ministry said on Saturday in Mumbai on the sidelines of an international exhibition. Hul Seila, Under-Secretary of State […]
Cambodia’s Acting Head of State Hun Sen sought substantial investments from Australian investors, especially in potential sectors. Receiving the newly-appointed Australian Ambassador to Cambodia Derek Yip at the Senate Palace on Friday, Mr Hun Sen hoped that the ambassador would continue to further strengthen and expand the relations and cooperation in all fields between the […]
International Finance Corporation (IFC) – a financial institution that promotes private-sector development in the least developed countries (LDCs) – has increased its investment from $167.5 million to $438.5 million into the Kingdom’s financial sector, a rise of 260 percent over the past five years. Informing this to Aun Pornmoniroth, Deputy Prime Minister and Minister of […]
The Council for the Development of Cambodia (CDC) has speeded up the preparation for a roadmap on the development of the automotive and electronics sectors in the country which will be submitted to the policy committee on economy and finance for approval. CDC First Vice President Sun Chanthol chaired a meeting last week to review […]
Cambodia’s famed Angkor Archaeological Park made $30.33 million from ticket sales in the first eight months of 2024, up 31.3% from $23.09 million over the same period last year, said an official report on Sunday. The Angkor attracted 651,857 international tourists during the January-August period this year, up 30.7% from 498,513 over the same period […]
PHNOM PENH: Cambodia’s famed Angkor Archaeological Park made US$30.33 million from ticket sales in the first eight months of 2024, up 31.3 per cent from US$23.09 million over the same period last year, said an official report on Sunday, according to Xinhua.The Angkor attracted 651,857 international tourists during the January-August period this year, up 30.7 […]
The Council for the Development of Cambodia (CDC) and the Indo-Pacific Agriculture and Agri-Food Office (IPAAO) have met to discuss Cambodia’s agri-food trends and the potential for bilateral cooperation. The discussions were held at the CDC headquarters in Phnom Penh on Wednesday this week between Suon Sophal, Deputy Secretary General of the Cambodian Investment Board […]
From September 2023 to August 2024 – the first year under the seventh-mandate government of Prime Minister Hun Manet – the Council for the Development of Cambodia (CDC) approved 391 new and expanded projects, amounting to over $7.5 billion in investment, which created approximately 340,000 jobs. The figures, which represent an increase of 168 projects […]
Phnom Penh, August 28, 2024 — Cambodia and Canada have discussed ways to promote bilateral trade in agriculture and agri-food filed of both countries to the next level. The discussion was held here on Aug. 27 between H.E. RATH Saravuth, Secretary of State at the Ministry of Commerce, and visiting Ms. Diedrah Kelly, Executive Director […]