H.E. Chea Thyrith said Samdech Techo Hun Sen made the remarks while receiving a farewell visit from H.E. Ms. Teo Lay Cheng, Outgoing Ambassador of Singapore to Cambodia, at the Solidarity Palace in Phnom Penh this morning.

Currently, bilateral trade between Cambodia and Singapore stands at approximately US$5 billion, Samdech Techo noted, urging both countries to further strengthen cooperation in order to double trade volume to US$10 billion in the years ahead.

Samdech Techo Hun Sen emphasised that closer cooperation in trade, politics, economic affairs, and investment relations is essential for further deepening the partnership between Cambodia and Singapore, the spokesperson said.

For her part, H.E. Ms. Teo Lay Cheng highlighted the strong and positive relations between the two countries, particularly in the areas of trade and political cooperation.

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The announcement was made by Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of Cambodia, at a get-together with more than 5,000 members of the informal economic unions and the academic staff associations on the occasion of the 138th Anniversary of International Labour Day (May 1), held here at the Chroy Changvar International Convention and Exhibition Centre this morning.

Samdech Thipadei Hun Manet thanked all the Cambodian people, both inside and outside the country, for their messages of support for the Funan Techo Canal Project, which will greatly benefit the Cambodian economy.

Spiritual support is a huge support and the RGC does not need funds from its citizens, said the Premier, adding that even though there is no funding from foreign investors, the RGC had set aside a budget to build the Funan Techo Canal.

Samdech Thipadei Hun Manet also reaffirmed his commitment to continue the mission of Samdech Techo Hun Sen, former Prime Minister, to make the Funan Techo Canal project a reality and guaranteed responsibility if there is any negative impact from the canal.

Funan Techo Canal project is not for the benefit of the “Hun” family, but for the benefit of all Cambodians, stressed the Prime Minister, calling on the exiled opposition leader, Mr. Sam Rainsy, to uphold the national interest, and not to oppose just to oppose.

The Funan Techo Canal Project aims to connect waterways between rivers to the sea of Cambodia, passing through Kandal, Takeo, Kampot, and Kep provinces. The canal construction project is estimated to cost some US$1.7 billion.

China Road and Bridge Corporation (CRBC) has been given the right to build the canal, which is expected to break ground for construction at the end of 2024.

With a total length of 180 kilometres, the canal will connect Prek Takeo of the Mekong River to the Prek Ta Ek and Prek Ta Hing of the Bassac River. It will then proceed to Kep province through Kandal, Takeo and Kampot provinces.

Ministry of Public Works and Transport has recently said that the waterway project to cut down the pressure of heavy road transport. The project would give impetus to internal integration, apart from solidifying and expanding regional as well as international connectivity through transport.

It will help ensure that transport by water, sea and port will be easier, less cumbersome and more efficient.

Cambodian people from all walks of life have fully supported the Funan Techo Canal project, recognising its great benefits to the country’s socio-economic development. AKP

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Samdech Techo Hun Sen, Cambodian prime minster announced on December 22 in Sihanoukville, at the opening of Road 146B connecting to Street 148, that Cambodia would build high-speed railways to connect its capital Phnom Penh with Sihanoukville and Sihanoukville with Thailand.

Prime Minister further stated that because Cambodia already has a railway, building high-speed rail does not require much time. He continued by saying that Cambodia needs internal connections to lessen hardships, eradicate poverty, and raise living standards for its citizens.

At the same time, he reaffirmed that the priority project also includes road projects from Battambang to Siem Reap and Kampong Chhnang to Kampong Thom. The development of the country’s railways is still necessary even though they cannot fully meet Cambodia’s economic needs.

The railway in Cambodia is currently unable to run at high speeds within just 1 meter due to the width not complying with current international standards; in order to comply with international standards and run at a high speed, the railway must be expanded to 1,435 meters.

The average speed of Cambodia’s railroads is 60 kilometers per hour. Separately, it is possible to run 90 kilometers per hour from Phnom Penh to Sihanoukville.

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The appreciation was made by Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, and H.E. Charles Michel, President of the European Council, in their meeting in Tokyo this morning, during their stay in Japan for the State Funeral of former Japanese Prime Minister H.E. ABE Shinzo, according to H.E. Kao Kim Hourn, Minister Attached to the Prime Minister.

Samdech Techo Hun Sen invited H.E. Charles Michel to attend the East Asia Summit (EAS) and the ASEAN Global Dialogue hosted by Cambodia in the near future.

The Cambodia Premier said he would attend the ASEAN-EU Summit in December this year in Brussels, Belgium As the ASEAN Chair this year, he stressed, Cambodia has been facing many regional and global challenges, including the Myanmar and South China Sea issues, anyway, Cambodia will do its utmost to deal with them.

Source: AKP

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PHNOM PENH: The Ministry of Land Management, Urban Planning, and Construction has approved 1,679 construction projects across the country totaling approximately 2.2 million square meters, representing an investment of approximately $952 million in the first five months of 2022. According to a recent publication,

According to the report, investment in the first five months of 2022 fell by about 60% compared to the same period last year, when the Ministry approved 1,879 projects totaling 5.6 million square meters and worth more than $ 2.35 billion.

Although construction investment fell in comparison to the same period last year, the overall construction sector is expected to recover by 3% in 2022 due to increased lending. The construction industry has expanded, while the Royal Government has been monitoring and implementing timely intervention policies to mitigate potential risks.

 Furthermore, due to the expected recovery of foreign investment flows for construction for tourism and trade, Cambodia’s construction sector is expected to continue to recover at 7.2 percent in 2023. This is according to Samdech Techo Hun Sen, Cambodia’s Prime Minister, in his circular on the preparation of the draft finance law for the year 2023.

Simultaneously, low- and medium-cost housing construction is expected to maintain good growth due to an increase in people’s actual demand to organize families in line with the trend of increasing domestic investment.

Real estate experts, real estate sales are beginning to pick up, and foreign investors are beginning to make inroads following the country’s opening and economic recovery. These are the factors that will lead to a recovery in the construction and real estate sectors in 2023.

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PHNOM PENH: Cambodian Prime Minister Samdech Techo Hun Sen successfully led a high-level Cambodian delegation to the fourth Asia-Pacific Water Summit in Kumamoto, Japan, on April 23.

Samdech Techo Hun Sen has welcomed all Japanese firms who have done business in Cambodia and plan to invest in the future.

This welcome statement was made on the afternoon of April 23, 2022, when Samdech Techo PM met with the Governor of Kumamoto and other eight Japanese business companies. Simultaneously, Samdech Techo permitted each corporation to mention its Cambodian investment activity as well as prospective investment projects.

After the bilateral meeting, Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, and HE Kishida Fumio, Prime Minister of Japan, presided over the event on Saturday, April 23, 2022. during the signing ceremony of the Memorandum of Understanding between the Kingdom of Cambodia’s Ministry of Water Resources and Meteorology and Japan’s Ministry of Land, Infrastructure, Transport, and Tourism.

The event was signed by H.E. Lim Kean Hor, Cambodia’s Minister of Water Resources and Meteorology, and H.E. Saito Tetsuo, Japan’s Minister of Land, Infrastructure, Transport, and Tourism.

At this significant meeting, Prime Minister of Japan Kishida Fumio emphasized that cooperation between Cambodia and Japan has been gradually growing, particularly in the fields of security and defense, as well as human resource training. Peacekeepers working under the auspices of the United Nations

The Prime Minister is very pleased that the Japanese Business Association in Cambodia meets twice a year with the Cambodian Development Council and the Japanese Ambassador to Cambodia. He stated that the two nations should enhance trade volume, particularly in garment exports to overseas markets, particularly Japan.

The Prime Minister stated that investment in Cambodia will help to enhance economic connections between the two countries. Cambodia’s investment laws are currently considerably better for all foreign investors that come to invest in Cambodia.

Samdech Techo Hun Sen also wished all firms that have invested in Cambodia, as well as those that want to invest, future prosperity.

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