Investments in Preah Sihanouk to enjoy special treatments
PHNOM PENH: The government has set out special incentives for investments in Preah Sihanouk province to attract more investors to the coastal tourism and economic province, especially its city Sihanoukville. Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet outlined the incentive mechanisms in his speech at the launching ceremony of the Special Programme to […]
Cambodia plans two new specialty SEZs aiming for economic diversification
PHNOM PENH: In a bid to diversify its economic landscape and attract focused investments, the Cambodian government is preparing to roll out two new types of special economic zones (SEZs). This strategic move was announced by Samdech Thipadei Hun Manet, Cambodian Prime Minister at the Special Programme to Promote Investment in Preah Sihanouk Province 2024 […]
Ministry launches trust fund for skills development
PHNOM PENH: The Ministry of Economy and Finance and partners have launched the upgrade of the piloted Skills Development Fund (SDF) into a trust fund to expand and sustain its services in enhancing Cambodia’s labour force for economic diversification. According to the ministry’s press release, the launch took place on Jan. 30 in Phnom Penh […]
Kampot City wins 4th ASEAN Clean Tourist City Award
PHNOM PENH: Kampot City of Cambodia continues to be recognized as an ASEAN Clean Tourist City for 2024-2026, according to the Kampot Provincial Department of Information. The award was announced on Jan. 26 during the ASEAN Tourism Forum 2024 held in Vientiane, Laos from Jan. 22 to 27 under the theme “Quality and Responsible ASEAN-Sustaining […]
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 […]
CDC, KOICA hold first bilateral meeting in 2024 on development cooperation in Cambodia
PHNOM PENH: The Cambodia Development Cooperation Board of the Council for the Development of Cambodia (CDCB/CDC) and the Korea International Cooperation Agency (KOICA) held here at the CDC’s headquarters on Jan. 25 their “first bilateral meeting in 2024” boost development cooperation and partnership between the two countries. The Cambodian side was led by H.E. Chhieng […]
Westerdam cruise ship pays another visit to Cambodia
PHNOM PENH: The Westerdam cruise ship with nearly 2,000 multinational tourists on board has paid its second visit to Cambodia, after the COVID-19 crisis. Coming from Thailand, the cruise ship of 285.22 metres long, 32.25 metres wide, and 8 metres deep docked at the Sihanoukville Autonomous Port (SAP) in Preah Sihanouk province this morning, before […]
GDT earns $3.6 billion income tax last year
PHNOM PENH: The General Department of Taxation (GDT) collected US$3,612 million as income from taxes in 2023, equivalent to over 101 percent of the yearly target. The figures were shared at an annual meeting held here on Jan. 23 under the chairmanship of H.E. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance. […]
Cambodia’s export of gems and jewelry increases in last three years
PHNOM PENH: The export of gems and jewelry in Cambodia has significantly increased in the past three years, said H.E. Ms. TAN Tepikanika, Under Secretary of State of Commerce, at the Second Press Conference of “The 15th Cambodia International Gems & Jewellery Fair 2024.” Organized by the Cambodian Gems and Jewelry Traders Association (CGJTA) at […]
Cold storage facility inaugurated at Phnom Penh autonomous port
PHNOM PENH: A cross-docking and cold storage facility were inaugurated on Wednesday at the public-listed Phnom Penh Autonomous Port in Kandal province, contributing to enhancing cold storage standard and increasing container throughput. The inauguration ceremony was presided over by H.E. Peng Ponea, Minister of Public Works and Transport, British Ambassador to Cambodia H.E. Dominic Williams, […]
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 […]