Bilateral talks drive progress on key infrastructure projects in Beijing

Bilateral talks drive progress on key infrastructure projects in Beijing Council for the Development of Cambodia First Vice-Chairman Sun Chanthol met with China International Development Cooperation Agency Chairman Chen Xiaodong to accelerate major infrastructure projects to enhance economic growth and public livelihoods. Chanthol led a high-level delegation that included key officials from transport, finance, and the Cambodian embassy in China for bilateral talks with Chen. The discussions centered on reviewing and expediting previously agreed infrastructure initiatives under various memorandums of understanding. An agreement was reached on priority projects, with a call for the China International Development Cooperation Agency to speed up internal financial approvals to facilitate timely construction. The meeting concluded with a commitment from both sides to strengthen the ""Diamond Hexagon"" cooperation framework, aiming for sustainable economic benefits for both nations. (Source: Khmer Times)

GSC reviews first-quarter public financial management reform progress The General Secretariat of the Public Financial Management Reform Steering Committee (GSC) held a meeting on June 29 to evaluate the progress of the Public Financial Management Reform Program (PFMRP) Phase IV for the first quarter of 2026. Chaired by Ros Seilava, Secretary of State for the Ministry of Economy and Finance and Secretary General of GSC, the meeting aimed to enhance public financial governance and optimize budget management. Key participants included Toem Satya, Director of the General Affairs Department of the Accounting and Auditing Regulator (ACAR), among other technical officials. The agenda focused on reviewing the progress report, discussing key achievements and challenges, and identifying priorities for better coordination among relevant institutions to support public financial management initiatives. (Source: Khmer Times)

Borey Vimean Samnang PLC begins IPO offering tomorrow Borey Vimean Samnang Plc. will be the first property development company in Cambodia to list shares on the Cambodia Securities Exchange (CSX) with an Initial Public Offering (IPO) from July 2 to September 9, 2026. The company, valued at $100 million, plans to issue 33.5 million shares at 1,200 riel each, raising $10 million. It guarantees a minimum annual return of 8% to investors for the first five years. The 30-year business plan aims to develop 100,000 properties, various facilities, and enhance participation in Cambodia's capital market. (Source: Khmer Times)