PM allocates $60 million to expand clean water networks in five provinces

Economy and Industry

PM allocates $60 million to expand clean water networks in five provinces Prime Minister Hun Manet has earmarked $60 million to expand clean water networks in five Cambodian provinces over the next three years. The investment aims to address the growing demand for clean water amid rapid population growth and urbanization. The funding will be allocated to improve water supply infrastructure in Kampot, Svay Rieng, Kampong Thom, Mondulkiri, and Pursat provinces. The initiative is part of the government's broader commitment to ensuring access to clean water for all citizens, particularly in rural and newly urbanized areas. The government is also addressing challenges such as climate change-induced droughts and aging infrastructure by modernizing outdated systems and integrating climate-resilient water management strategies. (Source: Khmer Times)

Marble mining sector expansion boosts national revenue Cambodia's marble mining sector has seen remarkable growth, significantly boosting national revenue. The Ministry of Mines and Energy reported that the sector's expansion is driven by the increasing global demand for high-quality marble. Cambodia's abundant reserves of marble, coupled with competitive prices, have attracted substantial investments from both domestic and foreign companies. The government has implemented various policies to support the sector, including tax incentives, infrastructure development, and worker training programs. These measures have facilitated the establishment of new marble mining and processing operations, creating employment opportunities and stimulating economic growth. (Source: Khmer Times)

UBE Snuol SEZ expansion creates thousands of jobs The UBE Snuol Special Economic Zone (SEZ) in Cambodia has undergone significant expansion, generating thousands of jobs and boosting the local economy. The Council for the Development of Cambodia (CDC) approved the expansion, which includes the establishment of new factories and facilities within the SEZ. The SEZ's expansion aligns with the government's strategy to attract foreign investment and promote industrial growth. The new facilities will enhance the SEZ's capacity to produce a wide range of products, including automotive parts, electronics, and consumer goods. The expansion is also expected to improve infrastructure, such as roads and utilities, within the SEZ, making it more attractive to investors. The CDC's approval of the UBE Snuol SEZ expansion is part of a broader effort to develop Cambodia's industrial sector and create employment opportunities for the local population. (Source: Khmer Times)

Corporate News

THACO invests $1 billion in Cambodian agriculture, targets $800 million annual revenue by 2028 THACO AGRI, a subsidiary of Vietnam's Truong Hai Group Corporation (THACO), has announced a $1 billion investment in Cambodia's agriculture sector, with the goal of achieving $800 million in annual revenue by 2028. The investment focuses on large-scale agricultural production, including banana plantations, cattle breeding, and other fruit and vegetable crops. THACO AGRI's operations span approximately 35,000 hectares in Kratie and Ratanakiri provinces, employing advanced farming methods, biotechnology, and digitalization to enhance productivity and sustainability. The company has created jobs for 40,000 local workers, contributing to the economic development of the region. THACO AGRI's projects include the establishment of banana plantations on 3,700 hectares and fruit plantations combined with cattle farms on 5,100 hectares. (Source: Phnom Penh Post)

Stock Market

CSX dips 0.13% as market sees mixed performance The CSX index declined by 0.13%, closing at 410.0 points. On the main board, GTI (+0.66%) and PPSP (+0.47%) led the gains, while PEPC (-3.15%), ABC (-0.28%), and PAS (-0.17%) posted losses. PWSA, PPAP, MJQE, and CGSM remained unchanged. On the growth board, DBDE was unchanged, while JSL gained 0.33%. The session recorded a total trading volume of 28,568 shares, with a turnover of KHR 163 million. (Source: YSC Research)

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