BRI-backed industrial zone in Cambodia boosts economic growth, improve local livelihoods: PM

BRI-backed industrial zone in Cambodia boosts economic growth, improve local livelihoods: PM

Cambodian Prime Minister Hun Manet said here on Thursday that the Sihanoukville Special Economic Zone (SSEZ) has boosted the kingdom’s trade and economic growth and improved local livelihoods. The 11-sq-km SSEZ, jointly ventured by Chinese and Cambodian companies, is a flagship project under China’s Belt and Road Initiative (BRI). Hun Manet made remarks during a […]

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Cambodia’s Workforce at a Crossroads: Navigating the Transition from Low-Cost Labour to High-Value Industries

Cambodia’s Workforce at a Crossroads: Navigating the Transition from Low-Cost Labour to High-Value Industries

For years, Cambodia’s economic narrative was characterised by rapid growth fuelled primarily by low-cost labour and foreign direct investment (FDI), particularly in the garment manufacturing sector. Factories proliferated across the country, export volumes soared and employment opportunities flourished, creating the foundation for a decade of impressive GDP growth. However, as the global economic landscape evolves, […]

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Factory numbers up 12.5% under Manet

Factory numbers up 12.5% under Manet

In the first 20 months of Prime Minister Hun Manet’s seventh-mandate government, the number of large factories in Cambodia has swelled by an eighth. The Kingdom was home to approximately 40,300 large enterprises in August 2023, when the government was formed. By April this year, that figure had increased to 45,386. Heng Sour, Minister of […]

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This Cambodian beach town costs less than your Netflix subscription (and delivers paradise for just $6 a night)

This Cambodian beach town costs less than your Netflix subscription (and delivers paradise for just $6 a night)

This idyllic coastal town in Cambodia might be the best travel deal you’ll find this year. For just $6 per night—less than what you pay for a standard Netflix subscription—you can wake up to pristine beaches, swaying palm trees, and the gentle sound of waves lapping against golden shores. The under-the-radar paradise that costs less […]

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Cyprus average wage hits €2,813 in fourth quarter of 2024

Cyprus average wage hits €2,813 in fourth quarter of 2024

Average monthly earnings in Cyprus rose by 5 per cent in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by the Cyprus Statistical Service (Cystat). When compared to the previous quarter, and after adjusting for seasonal fluctuations, average monthly earnings increased by 1.2 per cent in the fourth quarter of 2024. Specifically, […]

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Investors from Hungary urged to explore opportunities in Cambodia

Investors from Hungary urged to explore opportunities in Cambodia

Investors from Hungary have been urged to explore opportunities in the Kingdom’s various economic sectors from agriculture to information technology. This came as Khuon Sudary, President of the National Assembly, received Tibor Baloghdi, Ambassador of Hungary to Cambodia, on Tuesday at the National Assembly Palace. They acknowledged growing economic ties between the two nations, encompassing […]

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Belgium considers investment in Cambodia’s medical waste management

Belgium considers investment in Cambodia’s medical waste management

Belgium has shown interest in investing in Cambodia’s medical waste management sector, which is well in line with the country’s Chakra Strategy to promote a clean, green, and sustainable environment. Sarah Gasquard, Chargé d’Affaires of the Belgian Embassy in Cambodia, based in Bangkok, highlighted this interest during a courtesy meeting with Eang Sophalleth, Cambodian Minister […]

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Mitsubishi Electric Officially Launches Cambodia Branch and Commercial Representative Office in Phnom Penh

Mitsubishi Electric Officially Launches Cambodia Branch and Commercial Representative Office in Phnom Penh

(Phnom Penh) On May 20, 2025, the grand opening ceremony of Branch of Mitsubishi Elevator (Thailand) Co., Ltd. and Commercial Representative Office of Mitsubishi Electric Asia Pte Ltd was held at the Sofitel Phnom Penh Phokeethra Hotel. This investment signifies Mitsubishi Electric’s deepening commitment to the ASEAN region. As a global leader in electrical and […]

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Cambodia transforms from cement importer to exporter

Cambodia transforms from cement importer to exporter

Prime Minister Hun Manet has expressed pride in Cambodia’s transformation from a cement-importing nation to a cement exporter. Speaking at yesterday’s inauguration ceremony of the new Conch KT Cement (Phnom Penh) Co., Ltd. factory in Kampong Speu province, the premier recalled that prior to 2007, Cambodia relied entirely on cement imports from Thailand, Vietnam, Indonesia, […]

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CDC eyes 500 investment projects by end of CY25

CDC eyes 500 investment projects by end of CY25

The Council for the Development of Cambodia (CDC) yesterday committed to promoting the Kingdom’s potential investment opportunities to foreign investors, targeting a minimum of 500 projects by the end of 2025. Presiding over a meeting in Phnom Penh, Kong Vimean, Secretary General of the General Secretariat of the CDC emphasised the Royal Government’s ongoing commitment […]

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