Cambodia Sees Surge in Investment Projects, Approving 112 Initiatives in Two Months
In a notable boost to its economic landscape, Cambodia has approved 112 new investment projects totaling over USD 1 billion in the two months from January to February 2025, according to the latest report from the Council for the Development of Cambodia (CDC). This wave of investment is projected to create more than 70,000 jobs, […]
Read More
Cambodian Government Extends Property Tax Exemptions for New Cities and Agricultural Land
In a significant move to support economic growth and agriculture, the Cambodian government has announced the extension of property tax exemptions and reductions for specific areas across the country. According to Letter No. 6402 from the General Department of Taxation, property tax exemptions will apply to newly established cities and unused agricultural land exceeding 5 […]
Read More
EU Delegation Explores Investment Opportunities in Sihanoukville
A European Union delegation comprising representatives from 12 member states met with local authorities in Sihanoukville to explore potential investment avenues in the region as it seeks to enhance economic ties and contribute to key sectors. The meeting featured HE Long Dimanche, Deputy Governor of Sihanoukville Province, who welcomed the delegation led by Mr. Andreas […]
Read More
Cambodia’s Tourism Soars with Impressive Revenue from Ticket Sales
Cambodia is celebrating a significant boost in tourism as the country rakes in over USD 13.55 million from ticket sales in just the first two months of 2025. According to a report released by the Angkor Foundation, the magnificent temples of Angkor continue to attract visitors from around the globe, reaffirming Cambodia’s status as a […]
Read More
Preliminary Studies for Phnom Penh Metro Project Launched
In a significant step towards modernizing urban transport in Cambodia, the Ministry of Public Works and Transport (MPWT) has partnered with the Asian Infrastructure Investment Bank (AIIB) to initiate preliminary studies for the Phnom Penh Metro project. The aim is to assess the feasibility of a modern public transport system designed to alleviate traffic congestion […]
Read More
Cambodia, Japan, and UNDP Join Forces to Eliminate Plastic Waste for a Greener Future in Cities
In a spirit of environmental sustainability, the Government of Cambodia has formed a powerful partnership with Japan and the United Nations Development Programme (UNDP) to combat the urgent problem of plastic waste in urban areas, which is rapidly growing each year. This collaboration, officially titled “Strengthening Capacity to Handle Plastic Waste in Cities,” was signed […]
Read More
How Bentley Infrastructure Software Helped Transform The Port of Melbourne in Australia
Repurposed from The B1M by Kathleen Moore Melbourne is Australia’s largest container port – and it’s about to get a whole lot busier. The port handles more than one-third of the shipping containers coming in and out of Australia: Over 3.2 million of them, and that figure is expected to double by 2050. There’s just […]
Read More
Slow Credit Growth in Cambodia’s Banking Sector in 2024
In 2024, Cambodia’s banking system experienced slow credit growth, reaching only 3 percent. This modest increase is attributed to the sluggish recovery of key sectors such as construction, real estate, tourism, as well as wholesale and retail businesses. A report released by the National Bank of Cambodia (NBC) on February 22 revealed that the total […]
Read More
East Group Announces Plans for Special Economic Zone in Preah Sihanouk Province
Investors from East Group have unveiled their ambitious plans to establish a special economic zone in Preah Sihanouk Province, marking a significant move aimed at boosting local economic development. In a working meeting with HE Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, East Group representatives […]
Read More
2024 Sees a Surge: Cambodia’s Air Freight Volume Jumps 40% with Nearly 80,000 Tons Transported
In 2024, Cambodia made significant strides in its air transport sector, successfully transporting 77,852 tons of goods by air, marking a remarkable 40% increase compared to the same period in 2023. This achievement was highlighted in a report presented by Prime Minister Hun Manet on March 5, 2025. Air transport has emerged as a crucial […]
Read More
Cambodia’s Home Loans with Bank Reach USD 6.78 Billion as of 2024: NBC Report
In a recent report, the National Bank of Cambodia announced that as of 2024, the country had seen a significant surge in home loans, totaling over USD 6.78 billion, marking a 12.5% increase. This figure represents 12.5% of the total loan volume in Cambodia, which stands at USD 54.3 billion. The report highlights that loans […]
Read More
Two Foreign Companies Partner to Launch Waste Recycling Park in Phnom Penh
In a significant move towards sustainable urban waste management, Vinci Construction and Sage Engineering have announced a collaborative project to establish a cutting-edge “Waste Recycling Park” in Phnom Penh. This initiative aims to harness advanced technologies for treating urban solid waste and generating clean energy, ultimately enhancing the quality of life for city residents. During […]
Read More