Cambodia stands as a model of resilience and growth, a nation that has steadily emerged as an attractive destination for investors with an eye on Small and Medium-sized Enterprises (SMEs) and agriculture. At the core of Cambodia’s unique investment appeal are its communes and villages, integral components of the country’s administrative framework that offer a…
On 22 February 2024, at the National Assembly Palace, His Excellency SOK Chenda Sophea, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of Cambodia, engaged in a critical dialogue with the Commission on Foreign Affairs, International Cooperation, Information, and Media (the 5th Commission) of the National Assembly. This meeting also saw participation…
Prime Minister Hun Manet recently highlighted the critical role of micro, small, and medium enterprises (MSMEs) in Cambodia’s economic framework, labeling them as crucial contributors to national development. During the official unveiling of the ‘Techo Sen’ building and at the conclusion of the 2023 Annual Meeting and Set Directions for 2024 of the Ministry of…
Minebea Cambodia, a branch of the global conglomerate Minebea Mitsumi Inc., is set to broaden its footprint in Cambodia with the introduction of a new special economic zone aimed at enhancing its production network within the country. This strategic initiative was unveiled by KAINUMA Yoshihisa, Director General of Minebea Cambodia, during a detailed discussion with…
The Information Technology (IT) landscape in Cambodia is undergoing significant changes, with increased opportunities for ASEAN IT companies to establish and expand their operations within the nation, according to experienced professionals in the field. This development was a key topic of discussion at a recent event hosted by Innov8tif Solutions in Phnom Penh. Innov8tif Solutions,…
On February 21, 2024, a significant meeting took place between His Excellency KE Sovann, the Under-Secretary of State of the Ministry of Foreign Affairs and International Cooperation of Cambodia, and His Excellency Frank A. Rose, the Principal Deputy Administrator of the National Nuclear Security Administration and Deputy Under Secretary for Nuclear Security at the US…
Cambodian Prime Minister Hun Manet recently emphasized the significant contribution of Small and Medium Enterprises (SMEs) to the country’s economic fortification. He acknowledged the pivotal role that the private sector, especially SMEs, plays in underpinning the national economy. During his address, Prime Minister Hun Manet drew an analogy between SMEs and the foundational base of…
The Credit Guarantee Corporation of Cambodia Plc (CGCC) has extended vital support to the business community, offering credit guarantees to 1,977 enterprises, amounting to $170.15 million by the end of January, in an effort to bolster micro, small, and medium-sized enterprises (MSMEs) affected by the Covid-19 pandemic. As detailed in a recent update, the total…
Cambodian Minister Delegate and Royal Government Spokesperson Chairman Pen Bona recently outlined the Royal Government of Cambodia’s (RGC) strategic policies aimed at propelling the nation towards achieving upper-middle-income status by 2030 and transforming into a high-income country by 2050. In discussions with the media and various stakeholders, Bona detailed the multifaceted approach encompassing social, environmental,…
On February 19, 2024, a significant diplomatic meeting took place at the Ministry of Foreign Affairs and International Cooperation in Cambodia. His Excellency Dr. CHHIV Yiseang, Secretary of State, welcomed His Excellency Alan Bowman, the Director General for Southeast Asia and Oceania from Global Affairs Canada. The meeting provided a platform for both dignitaries to…
On February 19, 2024, a significant meeting took place between His Excellency KUNG Phoak, Secretary of State of the Ministry of Foreign Affairs and International Cooperation and the ASEAN SOM Leader of Cambodia, and His Excellency LEE Jang-keun, the Ambassador of the Republic of Korea (ROK) to ASEAN. The dialogue aimed at deepening the ties…
The Phnom Penh Water Supply Authority (PWSA), a state-owned entity, has announced a notable increase in its annual profits for the year 2023. The details, disclosed in the company’s recent financial statements to the Cambodian Securities Exchange (CSX), highlight a significant upward trend in the utility’s financial performance. For the year ending December 31, 2023,…
In a significant development for Cambodian connectivity, Metfone, under Viettel Cambodia, has successfully extended its mobile network to cover 98% of the country’s populace. This milestone was revealed during the 15th-anniversary celebration of Metfone’s services, dubbed ‘The Met’s Sonata,’ which highlighted the company’s widespread impact across Cambodia. The event was graced by the presence of…