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 […]
ADB Commits USD 400 Million Large-Scale Financing for Clean Water and Sanitation in Cambodia by 2025
The Asian Development Bank (ADB) has pledged a transformative USD 400 million Large-Scale Financing (MFF) project to advance clean water and sanitation infrastructure across Cambodia, targeting approval by the end of 2025. This announcement follows the success of an ongoing USD 119 million Provincial Water Supply and Sanitation Project currently active in the provinces of […]
In 10 Months, Cambodia Earns Over USD 37 Million from Angkor, Koh Ker, and Boating Tickets
From January through September 2024, Cambodia generated USD 36,824,852 in ticket sales from Angkor, Koh Ker, and boat rides—a substantial revenue gain that reflects the country’s appeal to international visitors. This information was reported by the Angkor Institute on 1 October 2024. The data indicates that, during these ten months, 774,203 foreign tourists purchased tickets […]
Cambodian Gov’t Revitalises 165 Stalled Projects in Sihanoukville in Record 10 Months
The Cambodian government has tackled 165 previously stalled projects within just ten months, spurred by the Sihanoukville Investment Promotion Team’s special incentive programme, initiated by Prime Minister Hun Manet on 31 January 2024 and active through October 2024. According to an announcement on 24 October 2024 from the official task force’s Facebook page, the revitalised […]
Phnom Penh-SHV Expressway to Implement Full Toll Rates from 1 November
The Phnom Penh-Sihanoukville Expressway Company has confirmed it will transition to full toll rates beginning 1 November 2024, concluding a 20% discount period that will end at 00:00 on 31 October. This was detailed in the company’s official announcement, dated 31 October 2024. In continued support of smoother travel, the expressway company will offer Electronic […]
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 […]