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Cambodia is gradually establishing itself as a distinctive player in the worldwide spiritual and wellness tourism industry. This Southeast Asian nation is well-known for its ancient temples, beautiful landscapes, and diverse cultural heritage, making it an attractive destination for people who are in search of peace, rejuvenation, and a deeper awareness of life. Cambodia provides…
On February 13, 2024, a notable diplomatic engagement unfolded as His Excellency SOK Chenda Sophea, Cambodia’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, welcomed His Excellency Dr. Tibor BALOGHDI, the Ambassador Extraordinary and Plenipotentiary of Hungary to the Kingdom of Cambodia, based in Hanoi, for a courtesy visit. During this significant…
On February 12, 2024, a significant telephonic exchange took place between His Excellency SOK Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of Cambodia, and the Rt Hon Winston Peters, Deputy Prime Minister and Minister of Foreign Affairs of New Zealand. This conversation underscored the robust and enduring relationship that…
Cambodia’s garment, footwear, and travel goods (GFT) sector witnessed a significant uptick in January, with a 21.64 percent increase in exports, totaling $967 million. This positive shift is a welcome change for the sector, which is a cornerstone of Cambodia’s economy, providing employment to nearly one million individuals. Data from the General Department of Customs…
The Ministry of Tourism in Cambodia is gearing up to activate a comprehensive tourism cooperation agreement with Indonesia, following a memorandum of understanding that aims to enhance travel between the two countries. This initiative seeks to establish a coordinated travel program to streamline tourist visits to various attractions within both nations. The announcement came as…
The Cambodian government is laying the groundwork for the establishment of specialized economic zones focused on Japan, aiming to bolster direct investments from the Asian powerhouse. In a strategic move to fortify economic ties, an inter-ministerial meeting was convened on Monday, spearheaded by Deputy Prime Minister Sun Chanthol, to deliberate on the conceptual framework for…
Preah Sihanouk province emerged as a prime destination during the Lunar New Year celebrations, drawing an impressive 294,301 visitors, including 11,905 from abroad, which represents 28 percent of the total tourist influx for the period spanning February 09-11. This surge in visitation was highlighted in a recent report by the Ministry of Tourism (MoT), which…
Cambodia is on a path to significantly expand its job market, aiming to create approximately 10.2 million employment opportunities by 2026. With an annual employment growth rate of 2.5%, the country expects to provide jobs for an additional 235,000 individuals each year. This optimistic forecast is supported by the Labour Market Newsletter published by the…
In a significant move to reinforce Cambodia’s commitment to regional cooperation and stability, His Excellency PRAK Nguon Hong, Secretary of State, represented Cambodia at the 7th Indian Ocean Conference. This notable event, which took place on February 9-10, 2024, in Perth, Australia, was centered around the theme “Towards a Stable and Sustainable Indian Ocean”. The…
Wing Bank (Cambodia) Plc is revolutionizing the financial landscape with the introduction of Wingcoin, a pioneering blockchain-based rewards program designed to enhance the purchasing capabilities of its users. Through every transaction made using the Wing Bank App, users can now accumulate ‘Wingcoins,’ unlocking new dimensions of savings and spending. With Wingcoin, each transaction is not…
Cambodia’s international trade witnessed a significant rise in January 2024, with total trade volume reaching $4.05 billion, marking a 16.7% increase from $3.47 billion recorded in the same month the previous year. This growth is detailed in a report released by the General Department of Customs and Excise on February 12, 2024. The report highlights…
In a significant uptick for Cambodia’s economy, the tourism sector reported a revenue of $3.04 billion in 2023, marking a 115% increase from the $1.41 billion recorded the previous year. This financial boost is outlined in a report by the Ministry of Tourism, published on February 12, 2024, reflecting the sector’s robust recovery and growth.…
The prestigious New York Times has recently highlighted Cambodia’s Koh Ker as the 34th must-visit location among its annual list of 52 recommended travel spots for the year 2024. This acknowledgment comes shortly after Koh Ker’s inclusion in the UNESCO World Heritage List, marking a significant milestone for the ancient site. Constructed over two decades,…
