On June 24, representatives from the state-owned China Communications Construction Co Ltd (CCCC), the China Road and Bridge Corp (CRBC), and the Minister of Public Works and Transport Sun Chanthol met to discuss the findings of the firms’ preliminary study on a potential metro or monorail in the capital as a way to reduce traffic…
Businesspeople and economists have anticipated that the recently opened Cambodia Private Commercial Centre (CPCC) in the Japanese city of Atsugi will be a fantastic platform for promoting investment opportunities in the Kingdom, encouraging inbound investment from Japan, and attracting the foreign investors. Tuy Ry, the ambassador of Cambodia to Japan, Masahiro Mikami, the secretary-general of the…
Nestle, the world’s largest confectionary company, plans to invest in Cambodia by opening a factory in the near future, a move hailed by local dairy farmers as a way to strengthen the country’s fresh milk market. During a visit by Minister of Commerce H.E Pan Sorasak to Nestle headquarters in Vevey, Switzerland on June 16,…
The Debt to GDP ratio is important because it reflects a country’s ability to repay its debt. It is the debt-to-GDP ratio of a country. The lower the ratio, the stronger the economy of the country is. Experts say Cambodia’s public debt is still low as a percentage of GDP, at roughly 25%, compared to…
According to transport experts and economists, the Government’s upcoming $50 billion, 10-year infrastructure master plan will give huge investment opportunities for domestic and foreign firms. H.E Sun Chanthol, the Minister of Public Works and Transport, revealed the plan to Masahiro Mikami, the Japanese ambassador to Cambodia, on June 15. Chanthol said at the meeting that…
According to an official statement Cambodia collected $1,726 million in tax revenue from January to May this year, a 27.95 percent growth over the same time last year. Director-general of the General Department of Taxation Kong Vibol said in a statement that the increase in tax revenue collection was due to ongoing reforms in the…
The quiet town of Kampot is ready to open up to the international market, with a new $1.5 billion port under construction. The construction of the Kampot Logistics and Multipurpose Port, which will occupy more than 600 hectares of land, has just begun. The Kampot Logistics and Port Firm Limited, a Cambodian company established in…
The Cambodian Development Council (CDC) has accepted final registration certificates for four investment projects totaling approximately $24 million, which would create 2,376 new employment. According to a CDC press statement, three projects in the Sihanoukville Special Economic Zone (SSEZ) were identified, including Mei An Leatherware (Cambodia) Co Ltd’s $10.5 million bag factory, which is expected…
“Special Education is not a Weakness, it is a Strength” If a child has a learning impairment or condition that makes learning more challenging for them than other children of their age, they need special education. They could be having difficulties with schooling, communication or behaviour. Regardless of their challenges, every child has the right…
PU Watch Cambodia began operations on October 1, 2018 which has been a big success – even exceeding expectations – with a huge demand for these limited edition and made-to-order timepieces both locally and globally. Pu – which roughly translates as “mister” in Khmer – produced the first watch made in Cambodia. When PU first…
Prince Real Estate, in collaboration with its parent company’s philanthropic arm, Prince Foundation, launched its first “First Step to Success” roadshow, which aims to spark university students’ interest in entrepreneurship by sharing ideas and insights from experts. To encourage participatory learning among the students, the fun-filled roadshow uses gamification and reward activities such as trivia…
According to a five-year master plan released by the government, Cambodia has spent an estimated $3 billion over the last ten years developing roads covering more than 3,000 kilometres across the country, in addition to expressway and railway projects that are now under construction. According to Vasim Sorya, spokesman for the Ministry of Public Works…
According to the agriculture ministry on May 20, Cambodia exported agricultural products worth $1.57297 billion in the first four months of this year. The Ministry of Agriculture, Forestry, and Fisheries reported that paddy accounted for $296.72 million, or 18.86% of the total, milled rice $189.07 million (12.02%), and other items $1.08719 billion (69.12%). In the…