We’re delighted to share the weekly news highlights below. World Bank Forecast 4.6% Growth for Developing Asia in 2024, Despite China Declines from 5.2% to 4.4% The World Bank has projected a growth rate of 4.6% for developing Asia-Pacific countries, excluding China, in 2024, as outlined in their recent economic report released and updated by Asia.nikkei on […]

We’re delighted to share the weekly news highlights below. Hun Sen seeks China’s support for Funan Techo Canal project The article discusses Cambodian People’s Party President Hun Sen’s request for China’s support for the Funan Techo Canal project during his visit to China. The project aims to enhance Cambodia’s infrastructure by connecting the Mekong River […]

We’re delighted to share the weekly news highlights below. Economic Expert Is Optimistic about Cambodia Moving on from Least-Developed Country Status The Cambodian government has set the goal of having the country leave the ranks of the Least Developed Countries (LDCs) by 2027. This is also the year the United Nations Development Policy Committee had […]

We’re delighted to share the weekly news highlights below. Funan Techo Canal Development: Shifting Economic Currents in Southeast Asia The ambitious Funan Techo Canal project aims to forge a direct link between the Phnom Penh Autonomous Port and the seaport of Kep province through a monumental canal—the largest in Cambodian history. With dimensions boasting a […]

We’re delighted to share the weekly news highlights below.   Chinese Tourist Arrivals to Cambodia’s Angkor up Significantly Cambodia has recorded a significant rise in the number of Chinese tourists to its famed Angkor Archaeological Park in the first two months of 2024, according to the state-owned Angkor Enterprise’s report. The report said 16,074 Chinese […]

We’re delighted to share the weekly news highlights below. CDC to approve two major investment projects in Sihanoukville The Council for the Development of Cambodia (CDC) will approve two major projects in Sihanoukville province totalling almost $600 million. One of the investment recently endorsed by the CDC is a 2,870-key five-star hotel and resort development, […]

We’re delighted to share the weekly news highlights below.   Domestic tourism up one third in ’23 Domestic tourism in Cambodia surged with nearly 19 million resort visits in 2023, a more than one-third increase from the previous year, while outbound tourists from the Kingdom neared 2 million, according to the Ministry of Tourism. From […]

We’re delighted to share the weekly news highlights below. ‘Unshirkable responsibility’: China’s financial institutions urged to support property developers A senior Chinese financial regulatory official has urged China’s financial institutions to offer robust support to the struggling real estate sector and avoid abruptly cutting financing for projects facing difficulties. The official’s comments come after the […]

We’re delighted to share the weekly news highlights below. Cambodian senior gov’t official paints brighter picture for Cambodia-China economic, trade cooperation His Excellency Sok Siphana, a senior minister and chairman emeritus of the Board of Directors of the Asian Vision Institute, said 2024 is the year to implement the China-Cambodia community with a shared future […]

We’re delighted to share the weekly news highlights below. New Siem Reap Airport Investment Company Announces Two-Year Access Fee Reduction The New Siem Reap-Angkor International Airport Investment Company has unveiled a significant initiative aimed at facilitating smoother travel experiences for various vehicles accessing the airport. January 12, 2024 | Construction Property | Link: http://tinyurl.com/583kae37 PPAP […]

We’re delighted to share the weekly news highlights below.   Indonesia-Cambodia trade sees milestone as business between two countries reach almost US$1bil The milestone of trade relations between Indonesia and Cambodia, which reached $965.24 million in 2023, making Indonesia the 6th-largest trading partner of Cambodia. The article highlights the diversification of trade commodities, such as […]

We’re delighted to share the weekly news highlights below. December 29 designated as Peace Day public holiday Cambodia designated Dec. 29 as “Peace Day,” an official national holiday in the Southeast Asian country, according to a government’s sub-decree released on Monday. Signed by Prime Minister Hun Manet, the sub-decree said the move was to respond […]

We’re delighted to share the weekly news highlights below. Cambodia’s RCEP trade touches $26 billion in Jan-Nov Cambodia’s total trade with the 15 countries of the Regional Comprehensive Economic Partnership (RCEP) reached $26 billion in the first 11 months of 2023, up 16.6 percent year-on-year. China was Cambodia’s largest export market and second-largest import source, followed by […]

We’re delighted to share the weekly news highlights below. Cross-border payment deals with China to catapult tourist numbers he cross-border payment deal between Cambodia and China will boost the tourism industry in both countries. It cites the opinions of some experts and associations who praise the agreement for making it easier for tourists to shop […]

We’re delighted to share the weekly news highlights below. Digital Map Set up to Identify Land Plots and Ownership in Cambodia The Ministry of Post and Telecommunications and the Ministry of Land Management, Urban Planning and Construction in Cambodia have launched a platform to facilitate socio-economic development planning. The platform, which is part of the […]

We’re delighted to share the weekly news highlights below. MoU to end speculation in local real estate sector Real estate appraisal services in Cambodia are expected to become better and more professional next year following the recent signing of a memorandum of understanding (MoU) by 32 licensed companies hoping to enhance law enforcement in the […]

We’re delighted to share the weekly news highlights below. Boosting Trade: Gov’t Announces Customs Duties Exemption for Goods Under US$1,000 Prime Minister Hun Manet declared the waiver of customs duties on both imports and exports valued at less than US$1,000. This pivotal announcement was unveiled during the 19th “Government-Private Sector” forum. November 17, 2023 | Construction […]

We’re delighted to share the weekly news highlights below. Techo International Airport Nears Full Operation as Runways and Infrastructure Achieve 100% Completion The horizon of Cambodia’s aviation landscape has been steadily changing, and a significant milestone has been reached. As of November 4, 2023, the runway and all associated infrastructure at Techo International Airport have […]