Cambodia’s Investment Powerhouse: IDI & CM2H Join Forces
PHNOM PENH: On January 29, 2024, Innovation and Development Investors Association “IDI” led by Dr. Hor Sereyvath, Chairman of the Board of Directors of “IDI” and ID Capital Plc. “IDC” has signed a Memorandum of Understanding (MoU) with Cambodia My 2nd Home (CM2H). Through this Memorandum of Understanding, the two institutions aim to collaborate closely […]
Cambodia’s economy projected to reach robust growth in 2024
PHNOM PENH: The National Bank of Cambodia (NBC) projected Cambodian economic growth at 6.4 percent in 2024, up from an estimated 5.5 percent in 2023, mainly driven by the tourism and manufacturing sector, according to an NBC’s Economic and Banking Industry Update issued on Monday. “Cambodia’s economy is optimistically expected to continue to grow at […]
Mizuda Group intended to expand investment to waste-to-energy generation in Phnom Penh
PHNOM PENH: Mizuda Group has expressed its intention to expand its investment to waste-to-energy generation using the latest technology and advanced environmental protection in Phnom Penh capital. The intention was made known by Mr. Shan Jianming, CEO of Mizuda Group Co., Ltd., while paying a courtesy call on Cambodian Premier Samdech Moha Borvor Thipadei Hun […]
Building the Future: Cambodia’s infrastructure boom boasts combined value of over $4 billion
PHNOM PENH: Cambodia‘s wings are spreading wide, as the Southeast Asian nation embarks on an ambitious infrastructure development program to fuel its economic growth and transform itself into a regional transportation hub. From sky-high aspirations of new airports to earth-shattering plans for a monumental canal, Cambodia is writing a new chapter in its infrastructure story. […]
Cambodia, ROK discuss bilateral investment cooperation
PHNOM PENH: Cambodia and the Republic of Korea (ROK) have recently discussed cooperation on investment in particular and ways to boost Korean investment in Cambodia. The discussion was held between H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and visiting H.E. Chung Sye-kyun, former […]
Cambodia’s development journey presents golden opportunities for investments
PHNOM PENH: Cambodia’s solid growth foundation, existing advantages, and firm aspiration ahead are positive indicators for the country’s development journey. According to the Foreign Direct Investment (FDI) Outlook 2024, Cambodia has maintained a steady annual growth rate of around seven percent. The country’s Gross Domestic Product (GDP) increased by ten times from US$3.11 billion in […]
Sihanoukville Master Plan: New meeting paves way for Southeast Asian hub
PHNOM PENH: The 6th meeting of the Inter-Ministerial Technical Working Group on Sihanoukville’s development took place on January 22nd, marking significant progress towards transforming the coastal city into a multi-purpose special economic zone. Led by H.E Koy Sodany, Permanent Secretary of State at the Ministry of Public Works and Transport (MPWT), the meeting saw active […]
J-Tower 3: A $150 million jewel set to crown Phnom Penh’s skyline
PHNOM PENH: Cambodia‘s skyline is about to be redefined with the construction of J-Tower 3, a colossal 77-story skyscraper slated to become the nation’s tallest building and a landmark for the capital city. Standing at a majestic 320 meters, J-Tower 3 will dwarf all existing structures in Cambodia, dwarfing its nearest competitor by over 100 […]
Interview: Cambodian senior gov’t official paints brighter picture for Cambodia-China economic, trade cooperation
PHNOM PENH-19 January 2024: A Cambodian senior government official has painted a rosier picture for Cambodia-China economic and trade cooperation in 2024, saying that a steady increase in bilateral trade and investment volumes has benefited both countries and peoples. Sok Siphana, a senior minister and chairman emeritus of the Board of Directors of the Asian […]
PL Vista to expand its investment to Cambodia
PHNOM PENH-January 19, 2024: PL Visa is planning to expand its investment to Cambodia by exporting its European standard products to the Kingdom’s market. The investment plan was revealed by Mr. François GUEZ, CEO of PL Vista while paying a courtesy call to Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet in Paris, France […]
Cambodia inviting more agriculture investments
PHNOM PENH: Cambodia eagerly welcomes agriculture investment in the country to accelerate the key sector for sustainable growth. The note was highlighted by H.E. Dith Tina, Minister of Agriculture, Forestry, and Fisheries, during his meeting with H.E. Ali Akbar Nazari, Iran Ambassador to Cambodia, here in Phnom Penh on Jan. 18. H.E. Dith Tina continued […]