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Lao Airlines, Laos’ national carrier, has reintroduced direct flight services between Vientiane, the capital of Laos, and Phnom Penh, Cambodia’s capital, with flights scheduled for three days a week: Tuesday, Thursday, and Saturday. The inaugural flight in this renewed service landed at Phnom Penh International Airport on March 19, carrying 116 passengers and receiving a…
The Ministry of Tourism has officially unveiled the “Equinox Angkor Photo Contest,” inviting photographers and enthusiasts from around the globe to capture the mesmerizing moment of the Angkor Wat Equinox. This photographic challenge is open to both local residents and international visitors, aiming to highlight the breathtaking allure of this historical event through the lens…
In an effort to revitalize and promote the use of Cambodia’s national currency, the National Bank of Cambodia has announced the launch of the “Love the Riel” campaign. This initiative, set to run from March 20 to 29, 2024, invites citizens to exchange their old or damaged riel banknotes for new ones without any cost.…
The 16th Cambodia-Thailand General Border Committee (GBC) meeting, a pivotal gathering aimed at reinforcing and fostering collaborative ties between the two neighboring nations, took place at the Garden City Phnom Penh Hotel from March 18 to 22, 2024. This event, hosted by the Cambodian Ministry of National Defence, serves as a platform for dialogue and…
The initiation of direct flights between Phnom Penh, Cambodia, and Kuala Lumpur, Malaysia, heralds a significant stride in fostering economic and cultural exchanges between the two nations. During a press conference held at the Malaysian embassy on March 15, 2024, to announce Cambodia Airways’ inaugural flight on this route, Malaysian Ambassador to Cambodia, Datuk Eldeen…
The Credit Guarantee Corporation of Cambodia (CGCC) has significantly bolstered the local economy by providing $174 million in credit guarantees to 2,070 businesses for their expansion efforts as of February this year. A recent factsheet from CGCC highlights that, by the end of February 2024, the total outstanding guaranteed loans reached $120 million, with the…
The Ministry of Commerce (MoC) of Cambodia, in a collaborative effort with the European Union (EU) and the German Federal Government’s agency GIZ, has made notable strides in fostering trade development that aligns with Cambodia’s ambition to enhance its economic presence both regionally and internationally. On Friday, Cham Nimul, the Minister of Commerce, oversaw the…
The potential for a Light Railway system to bridge Phnom Penh with its new airport and the city’s anticipated metro network was showcased by representatives from China Metro Group and Guangzhou Metro Group. The presentation took place during a meeting with Cambodia’s Inter-Ministry Committee, as announced by the Council for the Development of Cambodia (CDC).…
In a significant stride within the real estate sector, JS Land Plc, a company listed on the Cambodia Securities Exchange (CSX: JSL), reported notable achievements in its construction projects and sales performance for the fourth quarter (Q4) of the 2023 fiscal year (FY). Despite a general deceleration in the condominium market, JS Land Plc has…
The Council for the Development of Cambodia (CDC) has recently highlighted a range of incentives for investors who contribute to skills development training for their employees within the nation. This initiative is part of a broader effort to enhance the skill sets of the Cambodian workforce, in line with the Kingdom’s Investment Law which encourages…
Cambodia’s dedication to leveraging the dynamism of startups was prominently showcased at the Startup Ecosystem Forum: Connect 2024 in Phnom Penh, held at Raintree Cambodia. The forum, designed to foster open dialogue, knowledge exchange, and collaborative efforts, brought together investors, startup founders, and mentors to discuss the path forward for Cambodia’s burgeoning startup scene. A…
In a significant financial move, the Royal Government of Cambodia successfully secured $58.26 million through the sale of government bonds in 2023. This initiative forms part of the country’s broader strategy to enhance its economic infrastructure and support public investment initiatives. With regulations allowing for a maximum bond issuance of up to $200 million, the…
In Cambodia, there’s been a noticeable uptick in savings held in deposit-taking microfinance institutions (MFIs). In 2023, the combined deposit balance in four key MFIs – AMK Plc, Amret Plc, LOLC (Cambodia) Plc, and Mohanokor Plc – reached $2.22 billion. This marks a significant 11 percent rise from the previous year’s $2 billion, according to…
