Cambodia Maintains 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 the period from December 2021 to December 2024, revealing the Bank of Cambodia’s steadfast app...

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Borey Peng Huoth Introduces Special Water Festival Instalment Offer with 9% Interest on 19-Year Terms

Borey Peng Huoth has announced an attractive new opportunity for buyers this Water Festival season, offering a 9% annual interest rate on direct installment payments for up to 19 years without requiring income verification. The promotion, available across all Borey Peng Huoth projects, also includes a range of exclusive vouchers for new homeowners—underscoring Borey Peng Huoth’s commitment to a...

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Cambodia’s Major Steps in Wastewater Management as 122 Factories Commit to Automated Liquid Waste Control

A total of 122 Cambodian factories and enterprises have agreed to install automated monitoring systems for liquid waste control, aligning with national environmental regulations. As of October 2024, five factories have fully installed and activated these self-monitoring systems, while 10 others are currently under contract for installation, according to an announcement by the Ministry of Enviro...

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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 Battambang and Kampong Ch...

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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 to construct climate-resilient school buildings and expand educational resources nationwide. 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 school enrolment rate of 35.5%, which is...

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Cambodia Launches 250km 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 a press conference held on 1 November ...

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Blyncsy Publishes Map of U.S. Interstate Highways Showing Roadway Assets to Enhance Safety, Maintenance, and Accelerate the Digital Infrastructure Movement Nationally

Blyncsy empowers state DOTs with the ability to monitor and compare—in near real-time—the status of any major highway in the continental U.S. with their existing data for more informed decision-making. PHILADELPHIA — 2024 AASHTO Annual Meeting & Expo — October 29, 2024 — Blyncsy, a Bentley Systems Inc. (Nasdaq: BSY) company, today announced it published a comprehensive public map of all int...

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In 10 Months, Cambodia Earns Over USD 37 Million from Angkor, Koh Ker & 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. The Angkor Institute reported this information on 1 October 2024. The data indicates that, during these ten months, 774,203 foreign tourists purchased tickets to Angkor, amounting to U...

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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 program, 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 revitalized projects span variou...

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NR No. 10 Rehabilitation Nears Completion with 93% of Work Done & Tallest Bridge Reaches 79% on Track for Operation in June 2025

By the end of October 2024, construction on Cambodia's NR No. 10—a crucial route connecting the provinces of Koh Kong, Pursat, and Battambang—has reached an impressive 92.94% completion. Along this route, the tallest bridge, spanning 530 meters, has progressed to 79% completion and is set to be fully operational by June 2025, as reported by HE Bong Bun Hourn, Secretary of State of the Ministry of ...

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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 ending at 00:00 on 31 October. This was detailed in the company’s official announcement dated 31 October 2024. To support smoother travel, the expressway company will offer Electronic Toll Collection (ETC) devices at no extra charge, acc...

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China’s Sailun Group to Launch USD 110m SEZ in Kampot Province

Chinese tire manufacturing giant Sailun Group has announced plans to develop an industrial park named the "Cambodia Kampot Special Economic Zone Project" (Kampot SEZ) in Cambodia, backed by an impressive USD 110 million investment. The new venture will be managed by a wholly-owned subsidiary, Kampot Bay Investment Co., Ltd., established specifically to implement the Kampot SEZ project, accordin...

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