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 […]

With its profound Buddhist roots, Cambodia holds immense potential as a sanctuary for spiritual tourism. This potential is notably enriched by its historical ties to spiritual practices not only within its borders but also through historic ties with countries like India, Indonesia and other neighbouring nations in Asia. The travel and tourism market in Cambodia […]

The Ministry of Tourism (MoT) in collaboration with the Small and Medium Enterprise Bank of Cambodia (SME Bank) early this week launched financial schemes aimed at providing tourism business owners to develop or expand their operations in Siem Reap province. The launch of the ‘Tourism Financing Scheme for Siem Reap – TFSS’ was focused on […]

The scope of the master plan to turn the Preah Sihanouk province into a Multi-Purpose Model Special Economic Zone has been extended to cover the development of an economic corridor for all four coastal provinces following the advice of Prime Minister Hun Manet. “The master plan has received the highest guidance from the Prime Minister […]

The Japan-Cambodia Association office, officially inaugurated on Monday in Phnom Penh, will play an important role in attracting more Japanese businessmen and investors to Cambodia, said Heng Sour, Minister of Labor, Vocational Training (MLVT). Presiding over the official inauguration ceremony of the Japan-Cambodia Association Office, Sour said the establishment of the Japan-Cambodia Association Office in […]

“The success of investors is also the success of Cambodia,” said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), as a guest speaker at a panel discussion themed “Cambodia – Gateway to ASEAN.” The panel discussion was organised on April 2 as part of the […]

In order to contribute to the promotion of Cambodia’s prestige and resilience by turning Cambodia into a leading global tourism destination with diversity, full of opportunities, and warmth, and to celebrate the traditional Khmer New Year from April 13–16, 2024, the Ministry of Tourism instructed the Capital and Provincial Departments of Tourism to continue to […]

Cambodia yesterday welcomed strategic partnerships and investments from across the region to achieve its targets of 70 percent installed renewable energy capacity and a 19 percent decrease in Total Final Energy Consumption (TFEC). While encouraging regional investors at the Cambodia-ASEAN Business Summit 2024 to join the clean energy initiatives of the Kingdom, Keo Rottanak, Cambodia’s […]

Cambodia is expected to see a 6.6-percent rise in its economy in 2024 from 5.6 percent in 2023, the country’s Prime Minister Hun Manet said here on Tuesday. The Southeast Asian country’s growth is mainly driven by garment export, tourism, agriculture, as well as construction and real estate. “Over decades, Cambodia has undergone a remarkable […]