Day: September 25, 2024

H.E. SUN Chanthol, Deputy Prime Minister and First Vice President of Council for the Development of Cambodia (CDC), updated San Francisco Chamber of Commerce on Cambodia’s current favourable investment environment, in San Francisco, California early this week. H.E. Sun Chanthol underscored full peace, political and macroeconomic stability, young and dynamic labour forces for digital transformation, and interconnected infrastructure. He also introduced investment opportunities in Cambodia as well as new investment policy frameworks and business support strategies, along with the CDC’s facilitation to the San Francisco Chamber of Commerce. After that, H.E. SUN Chanthol and his delegation had a business lunch

The Asian Development Bank (ADB) has maintained its growth forecast for Cambodia at 5.8 percent for 2024 and 6.0 percent for 2025, the bank said in its press release on Sept. 25. ADB has revised down its earlier inflation projection for 2024 from 2.0 percent to 0.5 percent, reflecting the slow increase in food prices and decline in fuel prices in the first half of 2024, according to the Asian Development Outlook (ADO) September 2024. ‘The rebound in the manufacturing sector- especially garments, footwear, and travel goods (GFT) – is powering the country’s economic growth,’ said ADB Country Director for

An exhibition titled “La Belle Rose. The Mystical Power of the Small Flower” opened in the village of Oreshak near the town of Troyan (North Central Bulgaria) on Sunday evening. It is one of the highlights of the Bulgarian Plum Festival. The exhibition is the result of collaboration between the National History Museum, the Rose Museum and the Iskra Museum of History in the town of Kazanlak. Doroteya Gyurdjiiska, Director of the National Arts and Crafts Fair in Oreshak, said the idea is to showcase the development of rose production between the 19th century and World War II. Staged in

The Politburo has recently agreed to seek opinions of the Party Central Committee regarding the investment policy for a North-South high-speed railway before the Government submits it to the National Assembly at its 8th session. According to a pre-feasibility study report, the Ministry of Transport proposes to invest in a high-speed railway with a design speed of 350 km/h; a total length of 1,541 km; double tracks, gauge of 1,435 mm; and a total investment of approximately 67.34 billion USD. The electrified railway will include 23 passenger stations, as well as five freight ones connected to key cargo hubs, starting

Participants at the 21st China-ASEAN Expo, which kicked off on Tuesday in Nanning, south China’s Guangxi Zhuang Autonomous Region, emphasized the importance of deepening economic and trade cooperation between the two sides. The opening ceremony attracted about 1,100 participants, including Chinese and foreign leaders, government officials, entrepreneurs, scholars, and representatives from international organizations. When addressing the opening ceremony of the expo, Chinese Vice Premier Ding Xuexiang said that China is willing to work with the Association of Southeast Asian Nations (ASEAN) to deepen practical cooperation and write a new chapter in building a closer China-ASEAN community with a shared future.