We’re delighted to share the weekly news highlights below. Cambodia Makes over $376M from Rice export in 10 Months Cambodia has earned over $376 million from rice exports in the first ten months of 2024. The country exported more than 500,000 tons of rice to international markets, with China being the largest importer, followed by […]

Kratie Celebrates the Official Opening of its First USD 140 Million Tyre Factory The Newbustar (Cambodia) Tire Co., Ltd. has officially opened Cambodia’s first-ever tyre factory in the UBE Snuol Special Economic Zone (SEZ) in Kratie province. This $140 million investment, which began operations in May 2023, spans a 40-hectare site with an annual production […]

Govt cuts 2025 budget expenditure to $9.3 billion The Cambodian government has approved a draft budget of approximately $9.32 billion for 2025, down from $9.54 billion in 2024. This budget, representing 18.14% of GDP, was approved during a cabinet meeting chaired by Prime Minister Hun Manet on October 25. The budget aims to support ongoing […]

We’re delighted to share the weekly news highlights below. An early look at how Cambodia’s economic vision is shaping up Cambodia is gaining recognition as an attractive destination for global investors, having secured 315 fixed-asset investment projects worth $5.28 billion in the first nine months of 2024. The country is focused on creating a favorable […]

We’re delighted to share the weekly news highlights below. Cambodia Approves 28 New Projects in September, Attracting USD443 Million Investment Cambodia greenlighted 28 new investment projects in September 2024, worth approximately USD443 million, creating around 25,000 jobs across various industries. This impressive investment surge includes 26 new projects and two production expansions, positioning Cambodia as […]

We’re delighted to share the weekly news highlights below. Cambodia Boosts Agro-Industry with USD 342m Investment in 19 Large-Scale Rice & Grain Mills Cambodia has significantly expanded its agro-industrial sector with the establishment of 19 large-scale rice and grain mills, backed by an investment of over USD 342 million, as announced by HE Hem Vanndy, […]

Cambodia Pulls Out of Economic Agreement With Vietnam and Laos Cambodia has decided to withdraw from the Cambodia-Laos-Vietnam (CLV) Triangle Development Area, a significant economic agreement established in 1999 aimed at developing the border provinces of the three countries. Prime Minister Hun Manet announced this decision, citing concerns about national sovereignty and political pressure from […]

We’re delighted to share the weekly news highlights below. China’s Economy Softens in August as Beijing Continues to Grapple with Lagging Demand China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp spending to stimulate demand. China has been grappling with a lagging economy […]

We’re delighted to share the weekly news highlights below. Stung Toch Drainage Rehabilitation Project in Kampong Speu Reaches 89% Completion The rehabilitation of the Stung Toch drainage system in Kampong Speu province has achieved approximately 89% completion, as reported by the Ministry of Water Resources and Meteorology (MoWRM). September 06, 2024 | Construction Property | […]

We’re delighted to share the weekly news highlights below. The Phnom Penh-Bavet Expressway, a key contender in the Road and Highway Project in 2024 Going Digital Awards The Phnom Penh-Bavet Expressway Project, a key infrastructure initiative stretching 138 kilometers through Cambodia, has been shortlisted for the prestigious Going Digital Awards at the 2024 Year in […]

We’re delighted to share the weekly news highlights below. Thailand Changes Strategy to Attract Chinese Investors, Extend 99-year Lease and 75% of Condo Ownership to Foreigners Chinese investors are increasing their presence in Thailand’s property market, with over 100 billion baht invested in key economic cities. The trend is expected to accelerate further as the […]

We’re delighted to share the weekly news highlights below.   Cambodia PM launches project linking Mekong river to sea via canal Cambodia’s Prime Minister Hun Manet launched a US$1.7 billion canal project on August 5, aiming to link the Mekong River to the sea. The 180km Funan Techo canal, expected to be completed by 2028, is […]

We’re delighted to share the weekly news highlights below. Hong Kong leader to push mainland Chinese market access on visit to Laos, Cambodia, Vietnam Hong Kong’s Chief Executive, John Lee Ka-chiu, is on a nearly week-long trip to Laos, Cambodia, and Vietnam to promote Hong Kong’s role as a connector to the mainland Chinese market. […]

We’re delighted to share the weekly news highlights below. Joe Biden withdraws from presidential race after weeks of pressure to quit Joe Biden has withdrawn from his presidential re-election race and endorsed Kamala Harris to take his place at the top of their party’s ticket, an extraordinary decision upending American politics that plunges the Democratic […]

We’re delighted to share the weekly news highlights below. Phnom Penh’s Flood Mitigation Efforts Progressing: 13 Projects Achieved 6.5% Completion Of the 50 flood mitigation projects initiated by the government to alleviate flooding in Phnom Penh over five years, 13 projects are currently underway, achieving 6.5% completion. This was announced on Prime Minister Samdech Hun […]

We’re delighted to share the weekly news highlights below.   1. The construction company of the bridge connecting the 3rd Ring Road with the Phnom Penh-Bavit Expressway is preparing machinery for the construction process China Bridge Corporation (CRBC) is preparing machinery and materials for the construction of a bridge connecting the 3rd Ring Road with the […]

We’re delighted to share the weekly news highlights below. Cambodia Airport Investment Inks 12-Year Contract With Lagardère Travel Retail SAS to Manage Retail Operations at Techo International Airport Cambodia Airport Investment (CAIC) has partnered with Lagardère Travel Retail SAS and HSC Group to manage retail operations at Techo International Airport (TIA). The 12-year contract covers […]

We’re delighted to share the weekly news highlights below. World Bank Extends $275m Credit To Help Cambodia Back On Its Feet Cambodia will receive $275 million low-interest credit from World Bank’s International Development Association to support long-term economic growth and resilience, boos reforms for private sector competitiveness, strengthen fiscal position and provide help to vulnerable […]