PP-SHV Expressway Company announces to charge the full toll rates from Nov 1 onwards
The Phnom Penh-Sihanoukville Expressway Company has announced that it will begin charging the full toll rates starting November 1, 2024. The previously offered 20% discount will end at 00:00 on October 31, 2024. This information was confirmed in the company’s announcement dated October 31, 2024. The expressway company will continue to provide free Electronic Toll […]
Indonesia Sets Sights on Becoming Southeast Asia’s Leading Electric Vehicle and Battery Hub
Indonesia has declared its ambition to become the largest electric vehicle (EV) and EV battery hub in Southeast Asia, a move highlighted by the opening of the region’s first EV battery manufacturing facility last July, according to a statement by vietnamplus, 28 October 2024. This pioneering plant, a $1.1 billion joint venture between Hyundai Motor […]
Cambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers
Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after […]
Australia Invests USD 65 Million to Enhance Cambodia’s Economic Growth through CAPED Program
The Australian Government has committed approximately AUD$87 million (USD 65 million) in new grant funding to the Cambodia-Australia Partnership for Sustainable Economic Development (CAPED) program, aiming to bolster Cambodia’s economic resilience and growth. The announcement was made through a press release from the Ministry of Economy and Finance on 17 October 2024. The CAPED program […]
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 […]
CBRE: Cambodian Real Estate Faces Divergent Trends Amid 2024 Economic Growth
Cambodia’s real estate market in the final quarter of 2024 reveals diverse trends, marked by an estimated 5.8% GDP growth rate and 4.3 million international tourist arrivals in the first eight months, yet a decline in construction investment approvals to just $2.19 billion, involving fewer than 3,000 projects. The latest report by CBRE Research, based […]