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Bavet City, Svay Rieng Province – Construction of a new tyre factory has officially started in Bavet City’s special economic zone on January 12, with an investment of around USD 500 million. The project is expected to create about 1,000 jobs for local residents. The ceremony to mark the start of the Wanli tyre factory’s…
TBC Global Partners, a premium business consulting and investment firm and a subsidiary of The Better Cambodia, has reached a remarkable milestone, securing two significant partnerships that will have a transformative impact on Cambodia’s healthcare, education, and corporate landscape. A Landmark Consulting Deal with a Prestigious Investment Firm from China In a groundbreaking achievement, TBC…
Cambodia has achieved remarkable progress in 2024, as reflected by a significant rise in investments and new projects. With strong leadership from Prime Minister Hun Manet, the country is seeing rapid development that is creating jobs and driving economic transformation. Record-Breaking Investment Numbers In 2024, the Council for the Development of Cambodia (CDC) approved 414…
In the coastal provinces of Kampot and Kep, salt harvesting has been a way of life for centuries. The pristine environment, sandy loam soil, and long dry seasons provide the perfect setting for creating a product that is as unique as it is valuable. In 2023, the recognition of Kampot-Kep Salt as a Geographical Indication…
Preah Sihanouk Province is positioned to emerge as a transformative force in Cambodia’s developmental trajectory, reflecting the nation’s most ambitious aspirations. Anchored by the Master Plan for the Development of Preah Sihanouk Province into a Multi-Purpose Special Economic Zone (MPSEZ), this initiative represents more than just infrastructure upgrades; it is a vision to redefine the…
At the Global Chinese Economic & Technology (GCET) Summit held yesterday at Sofitel Phnom Penh Phokeethra, Cambodian Prime Minister Hun Manet unveiled the nation’s strategic policies to attract investment and foster economic growth. Organized in collaboration with the KSI Strategic Institute for Asia Pacific, the summit focused on fostering partnerships and bridging connections across nations,…
The Kingdom of Cambodia has emerged as a hub for forward-thinking investment, underpinned by a progressive legal framework and attractive incentives. Article 24 of the Law on Investment of the Kingdom of Cambodia highlights 19 priority sectors poised for transformative growth, offering a gateway for businesses to thrive in regional and global markets. Exploring Cambodia’s…
Cambodia’s growing prominence in the global cashew industry signals a major moment for its agricultural economy. The Kingdom exported over 790,000 tonnes of cashew nuts in the first ten months of 2024, generating $1.110 billion in revenue. Yet, much of this achievement stems from the export of raw nuts to Vietnam, leaving significant value creation…
November 6, 2024, Phnom Penh – In a pivotal step toward enhancing Cambodia’s workforce capabilities, the Ministry of Labour and Vocational Training (MLVT) and Overseas Cambodian Investment Corporation (OCIC) signed a Memorandum of Understanding (MoU) on November 4, 2024. This agreement, formalized during a ceremony at the Olympia Medical Hub in Olympia City, brings together…
The Third-Largest Pizza Chain in the World to Open First Restaurant in Phnom Penh, Promising Local Growth and Franchise Expansion Phnom Penh, Cambodia – November 2024 – Little Caesars, the third-largest pizza chain in the world, is gearing up for its highly anticipated grand opening on November 10, 2024, on Koh Pich. This restaurant will…
Cambodia’s Law on Public-Private Partnerships (PPP), promulgated in 2021, marks a significant leap toward modernizing the country’s infrastructure and public services. By facilitating collaboration between the public and private sectors, the Cambodian government aims to enhance public infrastructure and essential services, accelerate economic growth, and improve the quality of life for its citizens. This article…
In recent years, Cambodia has positioned itself as a compelling destination for foreign direct investment (FDI). The nation’s strategic location in Southeast Asia, combined with its growing industrial capabilities, young workforce, and government-led reforms, has made it an attractive hub for investors. Key to this success is the comprehensive investment framework outlined in the Law…
The World Bank has announced the approval of an $80 million financing initiative aimed at improving the quality of higher education in Cambodia, with a special focus on science, technology, engineering, and mathematics (STEM) programs. This investment is a significant step forward in the country’s long-term development goals, seeking to modernize and elevate its educational…
