Japan Grants USD 7.2 Million to Cambodia for Social and Economic Development
The Japanese government has extended a grant of 1,002 million yen, equivalent to USD 7.2 million, to support a range of social and economic development initiatives. The funding was formalised through the signing of the Exchange of Letters and related documents by H.E. Deputy Prime Minister Prak Sokhon, Minister of Foreign Affairs and International Cooperation, […]
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Guangxi Positions Itself as a Digital Silk Road Hub, Achieving 182% Trade Growth with ASEAN
Guangxi Zhuang Autonomous Region is stepping up efforts to solidify its position as a key hub for the Digital Silk Road, driving high-quality digital economy growth and strengthening ASEAN cooperation through the China-ASEAN Information Port. Officials announced that the region achieved an impressive 182% year-on-year trade growth with ASEAN in the first three quarters of […]
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Dauntri Reservoir Dam Nears Completion with 91% Progress, Set to Open by October 2025
The Dauntri Reservoir Dam project in Battambang province has reached an impressive 91% completion, marking a crucial milestone in its mission to revolutionise water supply and agricultural productivity in the province. This landmark project, designed to enhance irrigation and flood management, is expected to be fully operational by October 2025. The announcement was made during […]
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Cambodia’s Trade Volume Soars to Over USD 50 Billion in 2024, Marking a 15.95% Growth
Cambodia’s trade volume has exceeded USD 50 billion in the first 11 months of 2024, reflecting a substantial growth of 15.95% compared to the same period in 2023, as reported recently by the Ministry of Commerce in December 2024. This remarkable achievement underscores the nation’s robust economic progress and increasing integration into global trade networks. […]
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Japanese Ship to Make Historic First Docking at Cambodia’s New Ream Port
Samdech Techo Hun Sen, President of the Senate of Cambodia, confirmed that a Japanese ship will be the first vessel to dock at the newly inaugurated Ream Port. This historic event underscores the growing cooperation between Cambodia and Japan, particularly in security and infrastructure development. The commitment was made during a meeting with HE Akiba […]
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Cambodia Accelerates Reservoir Registration with 1562 in Total, 13% of Them Registered
Cambodia’s Ministry of Water Resources and Meteorology has disclosed that the nation is home to 1,562 irrigation reservoirs, yet only 197 of them—representing a mere 13%—are officially registered. This crucial detail was highlighted during a meeting held on 26 December 2024, where officials underscored the reservoirs’ vital role in supporting agriculture and managing water resources. […]
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Asia Pacific Real Estate Forecast 2025: Navigating Challenges with Resilience and Opportunity
The Asia Pacific real estate market is poised for steady growth in 2025, buoyed by easing global interest rates and projected regional GDP growth of 4.4%, despite persistent challenges such as China’s ongoing property market struggles and geopolitical tensions. the International Monetary Fund (IMF) and World Bank confirmed these growth projections in their recent regional […]
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Dang Kambit Reservoir Dam Construction Reaches 46% Completion, Set to Serve 25K Farmers’ Future
The Dang Kambit Reservoir Dam in Sre Khsach Village, Dang Kambit Commune, Sandan District, Kampong Thom Province has achieved 46% completion as of 20 December 2024, marking a significant milestone in this transformative project. The update was confirmed during an on-site inspection led by HE Chuon Bitthol, Undersecretary of State, representing HE Tho Chetha, Minister […]
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In 2024, Cambodia receives more than 400 investment projects worth USD 6.9 billion
Cambodia has achieved a remarkable milestone in 2024, with the Council for the Development of Cambodia (CDC) approving 414 investment projects worth a total of USD 6.9 billion. This marks a 54% increase in the number of projects compared to 268 in 2023 and a 40% rise in investment capital from USD 4.927 billion in […]
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Vireak Buntham Launches High-Speed Passenger Ship Connecting Kampot and Koh Tral
Vireak Buntham Company has officially launched a high-speed passenger ship service connecting Kampot International Tourist Port to Koh Tral (Phu Quoc Island), Vietnam. The direct journey, which takes just 40 minutes, marks a significant advancement in cross-border connectivity and was announced on the company’s official Facebook page on 25 December 2024. The launch follows the […]
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Cambodia Expands Diplomatic Horizons with New Embassies in Timor-Leste and Songkhla, Thailand
Cambodia has announced a major diplomatic expansion with the establishment of an embassy in Timor-Leste and a consulate general in Songkhla, Thailand, as formalised under Sub-Decree No. 240 and No. 241 issued on 22 October 2024, marking a strategic step in extending Cambodia’s international relations. The Embassy of the Kingdom of Cambodia in the Democratic […]
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Cambodian Banks Cut Interest Rates to 8% to Revive Real Estate Sector
To boost Cambodia’s struggling real estate sector, leading banking and financial institutions have announced a significant reduction in interest rates for real estate loans, cutting rates to 8% annually. This decision, aimed at reducing financial burdens on homebuyers and revitalising the housing market, follows a Construction and Real Estate Working Group “D” meeting chaired by […]
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