Cambodian Gov’t Reduces 2025 Budget to USD 9.32 Billion Amid Strategic Economic Planning
The Cambodian government has approved a 2025 budget bill totalling approximately 37.95 trillion riels (USD 9.32 billion), marking a reduction from the 38.83 trillion riels (USD 9.54 billion) allocated for 2024. The budget cut comes as part of a strategic approach to economic planning and was endorsed during a cabinet meeting chaired by PM Samdech […]
Thailand Pitches “6 Countries, 1 Goal” Initiative to Boost ASEAN Tourism
Thailand has proposed a groundbreaking tourism initiative named “6 Countries, 1 Goal” to strengthen collaboration and tourism flow within the ASEAN region. The proposal, aimed at creating seamless travel experiences across Brunei, Cambodia, Laos, Malaysia, Vietnam, and Thailand, was discussed during a meeting on 21 October 2024, between Mr Dusit Menapan, adviser to the Thai […]
Cambodian Gov’t to Cease Border Infrastructure Fund Donations by 31 October After Raising Over US$ 26Mil
The Cambodian government has announced that it will stop accepting donations for its Border Infrastructure Fund after raising over USD 26.33 million from nearly 700,000 donors to support the construction of a border ring road. The funding effort, which aims to enhance border infrastructure and strengthen national development, will officially conclude on 31 October 2024, […]
The Gov’t Pushes for Railway Expansion MoU by Year-End
The Cambodian government has set a firm deadline for a memorandum of understanding (MoU) on the railway expansion project to be finalised before the end of 2024, as announced by Samdech Hun Manet, PM of Cambodia, during the celebration ceremony marking the 20th anniversary of Cambodia’s accession to the World Trade Organization on 14 October […]
Ministry of Land to Launch Housing Data Management System for Affordable Housing Planning
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) of Cambodia is set to establish a comprehensive housing data management system aimed at analysing and planning housing supplies for low- and middle-income citizens, as announced by HE Seng Thany, Undersecretary of State, on 10 October 2024. The announcement was made during a workshop on […]
Cambodian Gov’t Extends Stamp Duty Exemption on Homes Up to USD 70,000 Until the End of 2025
The Ministry of Economy and Finance has announced an extension of the stamp duty exemption for the transfer of ownership or possession of all types of Borey housing valued at USD 70,000 or less, continuing this benefit until the end of 2025. This initiative aims to stimulate the real estate market by offering substantial tax […]