Residential Property Price Index in Phnom Penh Increases to 115.4
In August 2022, the Residential Property Price Index (RPPI) in Phnom Penh increased to 115.4, indicating a 15.4% increase in prices over the base year 2020, according to the National Bank of Cambodia’s report issued on 3 November. The average housing price in Phnom Penh is 468.4 million riels (US$114,164) in August 2022, an increase […]
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Carbon Credit Zone in Cambodia Rises to 3 million Hectares in 2022
The natural protected zone that is eligible to convert to carbon credits in 2022 has increased to 3 million hectares from 1 million hectares, according to HE Net Pheaktra, Secretary of State and Spokesperson of the Ministry of Environment recently. “2022 is a turning point in which our country has received revenue from the protected […]
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Does Cambodia Still Lean Towards China, or Has It Already Shifted & Why? Effects on Economy & Real Estate
Recently, the Cambodian government has taken a proactive stance and issued a series of measures to crack down on gambling and related crimes across the country, especially in Sihanoukville, which has been labeled by the foreign press as a hotbed of online crime. This issue has been occurring continuously in Cambodia for some time, but […]
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Cambodia has 51 Air Quality Monitoring Stations Nationwide
To date, there are a total of 51 air quality monitoring sites throughout Cambodia to collect daily air data to evaluate and manage air quality in Cambodia. The figure was provided by HE Net Pheaktra, Secretary of State and Spokesperson of the Ministry of Environment, in a meeting on 31 October. “To inspect the air […]
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JICA Launches Three Campaigns for Siem Reap Smart City Project
The Japan International Cooperation Agency (JICA) has been working with the Cambodian government to transport Siem Reap into a smart city, with three major action plans set for 2022 to 2025. According to discussions at an official meeting on 31 October, the second phase of the project will be implemented from May 2022 to March […]
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Kingdom’s First Expressway Opened for Traffic, Second Set to Begin Construction in 2023
The 187km Phnom Penh-Sihanoukville expressway, the first of its kind in Cambodia, opened for traffic on 1 October with a 1-month toll-free trial, marking a major achievement in infrastructure development. The route will play a key role in boosting the country’s logistical efficiency by reducing the time and costs involved in the transportation of goods. […]
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Gov’t, Top Broadcasters Sign Statutes on Digital TV Platform Operation
The Ministry of Economy and Finance and the Cambodian Television Alliance, signed on 1 November the “Company Statute” to operate the “Cambodian Digital Television” company. According to the statute, there are 7 board members, 1 representative from the Royal Government and 6 representatives from the Cambodian Television Alliance, with Lok Chumteav Hun Mana being elected […]
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ROC Collects Over 150 Tons of Garbage from Rivers in 7 Months
In the first seven months of 2022, River Ocean Cleanup (ROC) has collected over 150 tons of garbage from rivers to help promote natural biodiversity. In an interview with the General Department of Radio National of Cambodia on 31 October 2022, Mr. Nou Sovann, Executive Director of ROC, said that the organization is carrying out […]
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Royal Railways Officially Issues US$10 million Bond on CSX
Royal Railway PLC, a provider of rail, train, passenger, warehouse, and customs services has listed bonds of a total of 41 billion riels (approximately US$10 million) on the Cambodia Securities Exchange (CSX). The official bond listing ceremony was held on 31 October 2022, in the presence of Okhna Kith Meng, President of Royal Group, and […]
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Cambodia’s First Wildlife & Aquarium Park Open in November
ANGKOR WILDLIFE & AQUARIUM, a park with “rare” fish, other animals and various species in Cambodia officially opened on 1 November 2022. The park is located along NR6, in Kbon village, Khchas commune, Sot Nikum district, Siem Reap province. The park complex covers more than 10,000 sqm and feature freshwater and marine fish species that […]
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Switzerland sets record with world’s longest passenger train
A Swiss railway operator has set a new record for completing a journey with the world’s longest passenger train, reported BCC. The 1.9km train, which is composed of 100 coaches, completed a spectacular 25km journey through the Alps. The world record attempt took place to highlight Switzerland’s engineering achievements, as well as to mark 175 […]
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Cambodia, China Signs MOU to Export Edible-Nest Swiftlets to China
The Cambodian Ministry of Commerce and the Cambodian Business Center in Xiamen, China, are working together to promote the export of Cambodian edible-nest swiftlets to China. Both parties are also planning to establish an edible-nest swiftlet processing plant in Cambodia as well. (Read more) HE Chhuon Dara, Minister Delegate to the Prime Minister and Secretary […]
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