Australia boosts CAPED program with USD 65 million to strengthen Cambodia’s economy
The Australian Government granted approximately A$87 million (around USD 65 million) in grant funding for the Cambodia-Australia Partnership for Sustainable Economic Development (CAPED) program. This information was released in a press statement from the Ministry of Economy and Finance on October 17, 2024. According to the announcement, the Australian Government and various stakeholders are actively […]
Cambodian Government cuts 2025 budget expenditure to USD9.32 billion
On Friday, the Royal Government of Cambodia approved a budget bill of approximately 37.95 billion riels (USD 9.32 billion) for expenditures in 2025, a decrease from 38.83 billion riels (USD 9.54 billion) allocated for 2024. The draft budget bill for 2025 was approved during a cabinet meeting on October 25, chaired by Samdech Moha Borvor […]
Three Large Dam Rehabilitation Projects in Mondulkiri Officially Inaugurated
Three major dam rehabilitation projects in Mondulkiri province, including the Otethipadi Dam, Sen Sokdom Dam, and Sen Monorom Dam, have been officially inaugurated. The inauguration took place under the presidency of His Excellency Hun Manet, Prime Minister of the Kingdom of Cambodia, on October 24, 2024. These development projects were funded with a budget of […]
Bokor Mountain Cable Car Project Under Study by Sokimex, Doppelmayr, and Confluences
Sokimex Investment Group (SIG) has granted permission for Doppelmayr and Confluences to explore the feasibility of a cable car system on Bokor Mountain in Kampot Province, aiming to boost tourism and economic growth. This announcement was shared on the official Facebook page of SIG on 21 October 2024, confirming the companies’ involvement in assessing the […]
Hungary Pledges Support to Boost Foreign Investment in Cambodia
Hungary has vowed to expand its cooperation with Cambodia by actively encouraging foreign investors to explore and pursue business opportunities within the Kingdom, aiming to strengthen trade and economic ties. The commitment was expressed by His Excellency Tibor Baloghd, the Hungarian Ambassador to Cambodia, during a meeting with Samdech PM Hun Manet on 23 October […]
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 […]