This year's early winners from US efforts to protect its semiconductor supply chain include Thailand, Vietnam, India, and Cambodia. According to the US Census data, semiconductor imports into the US increased 17% from the previous year to $4.86 billion in February, with Asia accounting for 83% ...
07th April 2023
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The land ministry approved a total of 4,275 construction investment projects in 2022, a decrease of 28 projects or 0.65% from the previous year, with total registered capital of $2.97 billion, a decrease of 46.8% from $5.58 billion. The housing segment accounted for 3,768 of the projects, up from 3,720 a year earlier, or 88.14% of the total, up from 86.45% in 2021...
06th April 2023
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According to a report released today by the Asian Development Bank (ADB), Cambodia's GDP is predicted to grow at a rate of 5.5% in 2023 and 6.0% in 2024, driven by a stronger tourism recovery and faster growth in the services sector. It is anticipated that the tourism industry would expand by 7.3% in 2023 before slowing to 6.8% in 2024. This will increase demand for food and lodging as well as local trade, transportation, and communications subsectors. It's expected that inflation will ease at an average rate of 3.0% in 2023...
05th April 2023
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The National Bank of Cambodia has implemented several measures to promote the use of the riel and reduce dependence on the US dollar. The central bank aims to strengthen the riel's role in the country's economy, reduce currency exchange costs, and promote financial stability...
04th April 2023
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On Friday, March 31, 2023, the Cambodian government passed a new draft taxation law that is intended to tighten fiscal compliance, increase the favorable investment climate, and promote and enhance the country's business sector. According to the government spokesman Phay Siphan, the new fiscal law was adopted in accordance with the fourth phase of the ...
03rd April 2023
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In order to draw new high-end technology investment projects to Cambodia, Prime Minister Hun Sen highlighted the significance of boosting the number of technicians and skilled laborers yesterday...
31st March 2023
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While efforts are being made to raise the caliber of mobile and internet services in Phnom Penh, the Ministry of Posts and Telecommunications will improve those services in the provinces....
30th March 2023
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The Master Power Development Plan 2022-2040 estimates that Cambodia will require an investment of roughly $9 billion by 2040 to build new power plants and expand the national grids in order to meet the country's rising electricity demand, which is projected to reach 66 billion kilowatt hours in 2040, growing at an average rate of 19 percent. By the end of 2021,..
29th March 2023
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The Energy Market Authority (EMA) of Singapore has conditionally approved a project by Keppel Energy, a Singaporean energy conglomerate, to import 1GW of low-carbon electricity from Cambodia by 2035...
23rd March 2023
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The Cambodian government has approved three new manufacturing projects by Chinese investors, with a total capital of around $16 million. The projects are expected to create more than 3,000 jobs in the garment, umbrella and shoe sectors...
21st March 2023
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