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Samdech Techo Hun Sen, President of the Cambodian People’s Party (CPP), emphasized on Cambodia’s hard-earned peace that laid a strong foundation for socio-economic development and contributed significantly to the success of the democratic process. Speaking on Sunday morning (Jan. 7) at the 45th Anniversary of January 7 Victory Day at Diamond Island Convention and Exhibition…
As we commemorate Victory Over Genocide Day, it is not only a time to reflect on the dark chapters of Cambodia’s history but also to celebrate the remarkable strides the nation has made towards peace and prosperity. The journey from the devastating genocide of the Khmer Rouge era to the vibrant and growing Cambodia of…
Phnom Penh, the vibrant capital and most populous city of Cambodia, holds a rich history and cultural significance that has shaped its identity as the “Pearl of Asia.” This title reflects the city’s historical charm, architectural beauty, and its pivotal role in the nation’s economic, industrial, and cultural development. The origins of Phnom Penh can…
The Ministry of Rural Development in Cambodia is spearheading an initiative to promote model villages in rural areas as part of the government’s Pentagonal Strategy. Chaired by Minister Chhay Rithisen, a recent meeting was held to discuss the preparation and implementation of these model villages, with the aim of improving the quality of life for…
Cathay United Bank, a Taipei-based bank, has been significantly expanding its presence in Cambodia over the past decade. Aligned with its parent group’s objectives, the bank has been actively promoting consumer banking in the Southeast Asian country, particularly through digital finance solutions, in order to enhance the overall customer experience. Since the launch of the…
The Council for the Development of Cambodia (CDC) reported that the country attracted fixed-asset investment of $4.92 billion in 2023, marking a 22% increase from $4.03 billion in the previous year. Recent CDC figures indicate that Cambodia granted approval for 268 international investment projects in 2023, expected to generate up to 307,000 job opportunities. The…
Cambodia’s agritech sector has become a focal point for investors, with growing interest in the country’s startup ecosystem and the deployment of advanced agricultural technologies, according to EcoBusiness. The sector has witnessed a surge in active agritech startups, doubling in number from 2018 to 2022. One notable investment in the sector is the undisclosed pre-series…
GTV Motor Co., Ltd., a Cambodia-based car manufacturing company, is nearing completion of its new car assembly plant in Kandal. The 100,000 square meter facility, located along National Road 2 in Kandal Steung District, will have an annual production capacity of up to 35,000 units. The company plans to inaugurate the factory and commence production…
The Ministry of Tourism in Cambodia has reported a significant influx of over three million tourists during the three-day holiday period surrounding the New Year. From December 30, 2023, to January 1, 2024, a total of 3,227,146 tourists visited the kingdom, with 58,722 of them being international tourists. The top five capital-provinces that stood out…
As the calendar turned to 2024, there was cause for celebration among garments, footwear, and travel goods (GFT) industry workers as the minimum wages in the sector rose to $204. This increase was in accordance with directives from the minimum wages authority and Prime Minister Hun Manet, issued last September. PM Hun Manet took to…
Cambodia has seen a significant increase in its rubber exports, with earnings reaching $789.75 million in the January to November period of 2023, according to the latest trade data from the General Department of Customs and Excise (GDCE). This marks a remarkable growth of 74.5 percent compared to the same period in the previous year…
In the first eleven months of 2023, Cambodia exported goods worth $8,144 million to the US, a decrease of 0.89 percent compared to the same period in 2022, according to a report from the Ministry of Commerce. Despite this slight decline, shipments to the US still accounted for 38.25 percent of Cambodia’s total export volume…
Cambodia’s iconic Angkor Archaeological Park has reported a remarkable increase in ticket sales, generating a revenue of $37.19 million in 2023, a significant rise of 222 percent compared to the previous year. The latest report from Angkor Enterprise, the state-owned organization responsible for managing the park, revealed that 798,069 foreign visitors purchased entrance passes to…
