Minebea Cambodia, a subsidiary of MinebeaMitsumi, a Japanese precision components manufacturer, will expand its production chain in Cambodia by building its second factory in Pursat province, some 180 km north of Phnom Penh. “Minebea Cambodia will start constructing its second factory in Pursat in September this year,” said Keo Rattanak, the Minister of Mines and […]
President of Cambodia Chamber of Commerce, Kith Meng, called on Singaporean investors to invest in some other untapped potential areas to further build a strong economic tie between the two ASEAN nations. Addressing the Cambodia-Singapore Business Forum in Singapore on Wednesday, Meng, who is also the Chair of ASEAN-BAC Cambodia, said the forum serves to […]
In the near future, the Japanese giant company Minebea Mitsumi will open the construction site of its second factory in Pursat province’s Krakor district, which will create many new jobs for young people in Cambodia. This second factory invests in the power sector. On the official telegram of the Ministry of Mines and Energy on […]
The proposed maritime route linking the Cambodian islands off Sihanoukville with the nearby islands of Thailand and Vietnam may get ready for tests by November and can increase trade, tourism and investment opportunities in the destinations. The proposal has been lined up under the Cambodia, Vietnam, Thailand Economic Corridor (CVTEC) initiative, said Long Dimanche, the […]
Cambodia and Singapore still have more room for cooperation for their bilateral benefit, focusing on key potential areas, including vocational training, education, energy security, environmental protection, regional peacekeeping, and regional prosperity. Prime Minister of the Kingdom of Cambodia, Hun Manet, made the remarks while meeting in Singapore this afternoon with Senior Minister Lee Hsien Loong, […]
Cambodia welcome 2.11 million foreign tourists in the first four months of this year, up 23 percent compared to the same period in 2023, according to a Ministry of Tourism’s report. Thailand topped the list of foreign arrivals to Cambodia during the said period with 588,312 visitors, though the figure represents a year-on-year decrease of […]
Foreign direct investment (FDI) in Cambodia reached 197.8 trillion riels, ($48.4 billion) between 2018-2023, said the National Bank of Cambodia (NBC) on Tuesday. The NBC said, the main source of FDI inflows was China; which accounted for 45.6 percent of total FDI inflows to the region. The NBC said the sources for this data were […]
The Finance Ministry is contemplating a return to financial markets in the near future, aiming to capitalise on the Cypriot economy’s positive momentum, which has been further reinforced by successive credit rating upgrades, according to reports. According to sources cited by the Cyprus News Agency (CNA), there are indications that the ministry’s goal is to […]
Cambodia received 2.11 million foreign tourists in the first four months this year, up 23 percent compared to the same period last year, a Ministry of Tourism report showed on Monday. Thailand was the biggest tourism market for the Kingdom during the period with 588,312 visits from the neighbouring country, though it constituted a year-on-year […]
Prime Minister Hun Manet yesterday called for acceleration of modernisation of Phnom Penh city with the latest technologies, modern and smart devices including security cameras, solar panels and automatic irrigation systems in public parks. He told the Phnom Penh Municipal Administration (PPMA) that the capital city must enhance the city’s beauty and attractiveness and aspire […]
Prime Minister Hun Manet said yesterday that the Cambodian economy will grow in 2024 and achieve even higher growth in 2025, with all sectors showing fast recovery. Mr Hun Manet was speaking during the groundbreaking ceremony for the construction of the twin flyovers at Samdech Techo Hun Sen Blvd, on the border between Phnom Penh […]
Cambodia reported more than 2.5 million air travelers during the first five months of 2024, a year-on-year increase of 22 percent, Mao Havannall, minister in charge of the State Secretariat of Civil Aviation, said on Sunday. He said thirty-one international and domestic airlines have operated flights to the kingdom’s three international airports. Havannall added that […]
Senate President Hun Sen recently called for steps to further strengthen economic ties between Cambodia and Malaysia even as he expressed satisfaction with the growth of investment from Malaysia and the bilateral trade volume, especially Malaysia’s purchase of rice from Cambodia. Mr Hun Sen said this when he received a courtesy visit from Shaharuddin Onn, […]
Germany has opened an Honorary Consulate in Siem Reap province to promote cooperation with Cambodia. Ambassador of Germany to Cambodia Stefan Messerer, and Deputy Governor of Siem Reap province Yun Linne, co-presided over the inauguration ceremony of the Honorary German Consulate in Siem Reap City on Monday. Linne said that Siem Reap authorities pledged at […]
In April, the Royal Government of Cambodia collected 2,090 billion riels ($508 million) in revenue, which is equivalent to 7.15 percent of the 2024 annual budget expectation, as per data published by the Ministry of Economy and Finance. Cambodia’s April revenue of 2,090 billion riels ($508 million) came 88 percent from tax, 0.8 percent from […]
Robert Bosch GmbH, a parent company of Bosch Cambodia Co Ltd and a world-leading engineering and technology firm headquartered in Germany, agreed to send a regional envoy to examine the possibilities of opening its factory in the Kingdom. The commitment was made on Thursday during the meeting between Sun Chanthol, Deputy Prime Minister and First […]