Hem Vanndy, Minister of Industry, Science, Technology & Innovation MISTI), highlighted Cambodia’s socio-economic development and the burgeoning middle class as catalysts for the private sector’s expansion, at the LSH’s 25th anniversary celebration on Saturday. According to the Ministry, LSH is a major importer and distributor of food and non-food products in Cambodia. It has established […]
The groundbreaking ceremony of the much-awaited Funan Techo Canal (FTC) project is finally taking place, but not without its share of opposition emanating from known quarters. The Royal Government of Cambodia has adroitly addressed the criticism both technically as well as politically to defend FTC as inevitable axis to Cambodia’s march to progress on par […]
This weekend, Phnom Penh is hosting a trio of significant international trade expos at the Koh Pich Convention and Exhibition Centre. Nearly 100 companies from Cambodia, Thailand, and Malaysia are showcasing a diverse array of products at the Cambodia Architect & Décor 2024, Cambodia Health & Beauty Expo 2024, and Cambodia FoodPlus Expo 2024. Spanning […]
In the first seven months of 2024, Cambodia earned more than $27 million from ticket sales to tourists visiting Angkor Wat Archaeological Park, Koh Ker temple and Chong Kneas floating village in Siem Reap province. The figures came yesterday from an Angkor Enterprise press release detailing statistics on foreign tourists visiting various attractions. Angkor Enterprise […]
For all to grow and prosper, every single entrepreneur should be ready to adapt themselves into the society’s turning point through new innovations and digital transformation since adopting changes and learning new things keep us up with situation both in the region and the world. The remarks were made by H.E. SUN Chanthol, Deputy Prime […]
The Minister of Interior, Sar Sokha strongly believes that the Chief Executive of the Hong Kong Special Administrative Region (HKSAR) of China will further promote investment and economic development in Cambodia’s priority sectors as the country aims to achieve a high-income status by 2030 and 2050. He made this statement on the occasion of receiving […]
A delegation of the Hong Kong Trade Development Council probed investment opportunities in Cambodia which has recently been ranked as the most potential destination for foreign direct investments (FDI) in 2024 by the FDI Standouts Watchlist for the year. The delegation from the Hong Kong Special Administrative Region of China, led by led by its […]
A total of 584,375 international tourists had visited Cambodia’s famous Angkor Archaeological Park in the first seven months of 2024, up 33% from 439,365 over the same period last year, said state-owned Angkor Enterprise on Thursday. The park made $27.17 million in revenue from ticket sales during the January-July period this year, up 33.8% from […]
The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster sustainability for common benefits. Both agreements were inked in the […]
Cambodia’s tourism industry is making a strong comeback with the sector contributing significantly to the country’s economic growth. According to a report released by the National Bank of Cambodia, the Kingdom welcomed approximately 3.1 million foreign tourists in the first half of this year, injecting an estimated $1.7 billion into the economy. This represents a […]
Adding another feather to its cap, the Kingdom’s eighth wonder of the world Angkor Wat has been conferred the number one rank for best sunrise in Southeast Asia. The British website Morning Life granted the honour to the Siem Reap tourist draw earlier in the year. The news has been welcomed by the rapidly resurging […]
ABA Bank continues to dominate the financial landscape with a stellar performance in the first half of 2024. The bank reported impressive growth across all key metrics, solidifying its position as a key driver of Cambodia’s economic development. Strong customer growth fueled by digital adoption The bank reports a significant increase in customer acquisition in […]
Royal Railway Cambodia (RRC), a subsidiary of Royal Group, imported 25 new flat rail wagons from Malaysia to enhance its freight service capabilities, according to the company, yesterday. “The shipment arrived on July 28, marking a significant step forward in Royal Railway’s commitment to providing efficient and reliable freight transport across Cambodia,” Royal Railway said […]
TOKYO — A Cambodian industrial park that has long served as a base for Japanese and Chinese manufacturers is looking to diversify as shifts in global supply chains create opportunities for the Southeast Asian country to attract more companies. The Phnom Penh Special Economic Zone in the capital houses more than 90 tenants from 15 […]
Suon Sophal, Deputy Secretary General of the Board of Investment of Cambodia, highlighted to the delegation of investors led by Zhong Zhengbing, Vice-President of the Cambodia-China Progress Association, the cooperation initiative to establish an industrial corridor and a fish and rice corridor, intended to be the driving force behind Cambodia’s economic growth and for achieving […]
Vietnam will increase its electricity supply to Cambodia to 400 megawatts or more to boost the Kingdom’s economy and to help prevent blackouts or power shortages from occurring. The plan was made public by Pham Minh Chinh, Prime Minister of Vietnam, during a meeting in Hanoi, Vietnam on the afternoon of July 25 with Senate […]