Estatedia

Author name: Mr Lee

Cambodia could be leaving LDC in two years

PHNOM PENH: Cambodia may be able to leave the Least Developed Countries (LDCs) in 2024 if it ranks second for the third time in a triennial review conducted by the United Nations Commission on Development Policy. Least developed countries (LDCs) are low-income countries that face severe structural barriers to long-term development. They are extremely vulnerable …

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Japan to loan another $380 million for a new port project

PHNOM PENH: The Japanese government has provided a US$383.22 million concessional loan to implement the new container port development project at Sihanoukville Port Phase 1. A concessional loan agreement amount of 41.288 billion yen (approximately 383.22 million US dollars) was signed by Deputy Prime Minister Prak Sokhon, Minister of Foreign Affairs and International Cooperation of …

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Cambodia collects nearly $1.3 billion in construction material taxes

PHNOM PENH: The Royal Government collected 321.6 billion Riels in tax on construction materials and other fees in the first half of 2022, equivalent to 6.1 percent of the total revenue of 5,259.5 billion Riels, approximate 1,294.4 million US dollars, an increase of 12 percent over the revenue collected in the first half of 2021. …

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19 islands development and a submarine cable network project coming to Sihaknoukville

PHNOM PENH: The Royal Government has approved the investment of 23 companies in 19 of Sihanoukville’s 32 islands to develop as a tourist area, with hotels and other resorts to attract either domestic or international visitors. Sihanoukville has 32 islands, according to Mr. Kong Vithanak, Deputy Governor of Preah Sihanouk Province. Sihanoukville sangkat  has five …

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The 3rd Ring Road reached 76.87% to complete by next September

PHNOM PENH: The third ring road (National Road No. 4 – National Road No. 2) has reached 76.87 percent of its total length and is scheduled to complete in early September 2023. According to the Project Implementation Unit’s (PIU) Third Ring Road progress report, 72.46 percent of the road work is completed, 69.90 percent of …

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19 islands development and a submarine cable network project coming to Sihaknoukville

PHNOM PENH: Cambodia has now received a large number of Vietnamese investors, according to Samdech Techo Hun Sen, the head of the Royal Government of Cambodia.​ Vietnam is a major market for Cambodian agricultural exports, with the two countries’ trade volume exceeding $10 billion. On August 2, 2022, Cambodian Prime Minister Samdech Techo Hun Sen …

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