Cambodia Completes 271 Rural Road Projects in 2024, Enhancing Accessibility Across Remote Areas
The Cambodian government has announced the successful completion of 271 rural road projects in 2024, significantly boosting transportation accessibility for remote communities. The Ministry of Rural Development presented these achievements during a year-end meeting on 9 December 2024, highlighting the construction and improvement of approximately 940.71 kilometers of double-paved roads and outlining strategic plans for […]
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Ground-breaking Ceremony for Mekong Key City in Areyaksat Marks a New Era in Cambodian Urban Development
The Cambodian government has officially commenced construction on the ambitious Mekong Key City project, a transformative satellite city spanning over 200 hectares along the eastern bank of the Mekong River. The ground-breaking ceremony, held on 17 December 2024 and presided over by PM Hun Manet, signals the start of a development poised to redefine the […]
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Cambodia Faces Mounting Debt Challenges in the Real Estate Sector
The real estate sector in Cambodia is grappling with mounting financial concerns as total housing debt nears USD 1 billion, according to insights shared during the recent roundtable discussion, The Debt Situation in Cambodia, organized by the Real Estate and Mortgage Regulatory Authority. Mr. Chou Vannak, Director General of the Authority, revealed that homebuyers owe between […]
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Mekong River Bridge in Kratie Province Achieves 77% Completion, Set to Fully Operate by September 2025
The Mekong River Bridge project in Kratie province has reached a major milestone, with 77.02% of the work completed as of December 2024. Spanning an impressive 1.761 kilometers with a width of 13.55 meters, this landmark infrastructure project is set to enhance regional connectivity and stimulate economic growth. The project also includes a 31.69-kilometre connecting […]
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Cambodia’s Public Debt Reaches USD 11.78 Billion by Q3 2024
Cambodia’s public debt reached USD 11.78 billion by the end of the third quarter of 2024. According to a recent report by the Ministry of Economy and Finance, this debt comprises USD 11.67 billion in external debt (99%) and USD 115 million in domestic debt (1%). The external debt portfolio is diversified across multiple currencies, […]
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Expert: Dual-Pronged Strategy to Navigate Post-Pandemic Challenges in the ASEAN+3 Property Market
The ASEAN+3 property markets, encompassing ASEAN nations along with China, Hong Kong, Japan, and Korea, are grappling with declining prices and transaction volumes, compounded by financial constraints, surplus inventory, and at-risk developers. These challenges, exacerbated in the Plus-3 economies by stricter financial conditions and diminished buyer confidence, underscore the pressing need for stabilization measures in […]
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Kampong Cham Reaches 99% Completion in Landmark Land Registration Efforts
Kampong Cham province has achieved a monumental milestone in land registration, completing over 99% of the targeted work encompassing more than 90,000 land parcels. This progress was celebrated during a recent site inspection ahead of a ceremonial event on 9 December 2024, where residents will finally receive their long-awaited land titles, marking a transformative moment […]
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Borey Peng Huoth Launches The Star Platinum Eco Poli 2 with Modern Homes and Exclusive Offers
Borey Peng Huoth, a leader in Cambodia’s real estate market, has officially launched its latest development, The Star Platinum Eco Poli 2, on 13 December 2024, following a successful trial sale from 22 to 24 November. The project, spanning nearly 40 hectares in the Chbar Ampov district, will feature approximately 500 contemporary homes. It is […]
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50 Korean Companies to Invest in Cambodia’s Priority Sectors, Boosting Bilateral Economic Ties
In a landmark development for Cambodia’s economic landscape, fifty Korean Industrial Confederation (KIAF) companies have expressed their intention to invest in the country’s priority sectors. This announcement followed a high-level meeting between Cambodian PM Hun Manet and KIAF chairman Marn-Ki Jeong, held on 13 December 2024. The visit was part of a broader initiative to […]
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Sihanoukville Attracts USD 487 Million in Investment with 48 New Projects
Sihanoukville’s economic transformation is gaining momentum, with the Cambodian government approving 48 new investment projects worth USD 487 million. These initiatives, announced by the Investment Promotion Working Group on 3 December 2024, are set to receive special incentives to stimulate local economic growth and business development. The projects comprise 16 initiatives aimed at repurposing stalled […]
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Cambodia’s Professional Organisations Surge to 6,491 Amid Growing Civic Engagement
The Ministry of Labour and Vocational Training has reported a sharp rise in professional organizations across Cambodia, with a total of 6,491 registered as of November 2024. This milestone was highlighted by HE Heng Sour, Minister of Labour and Vocational Training, during the 76th anniversary celebration of International Human Rights Day on 08 December 2024. […]
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In Nine Months, Cambodia Secures Over USD 1 Billion in Credit Agreements to Drive National Development
Cambodia’s government signed new credit agreements totaling USD 1.07 billion in the first nine months of 2024, representing a 7% increase compared to last year. These funds support key development priorities, including infrastructure and economic productivity. This progress was detailed in a Ministry of Economy and Finance report released on 10 December 2024. In the […]
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