Cambodia Maintains the World’s Highest Central Bank Interest Rates, Defying Global Trends
In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans from December 2021 to December […]
Special Installment Payment Offer from Borey Peng Huoth
You do not need to worry about high-interest instalment payments if you want to buy a new house in any Borey Peng Huoth project. In celebration of the upcoming Water Festival, Borey Peng Huot offers a special interest rate of just 9% per year on direct instalment payments for up to 19 years without requiring […]
Cambodia has 122 factories and enterprises that have signed contracts to install automatic systems for controlling liquid waste discharge
Currently, these 122 factories and enterprises are preparing to install self-monitoring equipment and waste management data systems in compliance with Cambodian laws. The Ministry of Environment shared this information on October 23, 2024. According to the Ministry of Environment, five factories have already been equipped with and are operating automatic control equipment and a liquid […]
ADB demonstrates support for clean water development in Cambodia through a USD 400 million large-scale financing project by 2025
The Asian Development Bank (ADB) is committed to further strengthening urban development in Cambodia through the USD400 million Large-Scale Financing (MFF) project, which is scheduled for approval by the end of 2025. The initiative comes after the success of an ongoing USD119 million project in the Battambang and Kampong Cham provinces. This was stated in […]
ADB Invests USD 80 Million in Climate-Resilient Schools to Transform Cambodian Education
To strengthen Cambodia’s secondary education sector, the Asian Development Bank (ADB) has approved a USD 80 million loan dedicated to constructing climate-resilient school buildings and expanding educational resources across the nation. This update was confirmed in a press release from the Angkor Institute on 31 October 2024. This initiative aims to address Cambodia’s low high […]
Cambodia Launches 250 km Border Ring Road with Nearly USD 27 Million in People-Driven Funding
Cambodia has commenced construction on a 250-kilometre border ring road funded by the Foundation for Border Infrastructure Development (FBID), backed by nearly USD 27 million in donations. Officially launched on 1 November 2024, this crucial infrastructure project is expected to be completed by April 2027, according to HE Kim Bunthan, Chairman of the FBID, at […]