Cambodia’s Mid-2024 Economic Update: Sharp Decline in Credit Growth Signals Business Slowdown, Rising NPL Ratios Across Sectors
A significant decline in credit growth indicates a slowdown in business activities nationwide. This trend is accompanied by rising non-performing loan ratios (NPLRs) across all major sectors, including commercial banks, mortgages, construction, and real estate activities, according to recent data from the National Bank of Cambodia for Q1 2024 and updated by CBRE Cambodia on […]
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PPSEZ CEO: Digitalizing custom procedures can reduce 30% of Cambodia’s logistic cost and if Donald Trump Wins
The Phnom Penh Special Economic Zone (PPSEZ), a key industrial park in Cambodia, is diversifying its tenant base to attract more companies from Thailand and Vietnam, amid shifts in global supply chains. Housing over 90 tenants from 15 countries across 3.57 square kilometres, PPSEZ aims to complement Thailand’s supply chain and encourage production transfer from […]
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MLMUPC Issues Procedures for Registration of Private Sectors of Co-Owned Buildings Built Before December 19, 1997
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has established new procedures for registering the private sections of co-owned buildings constructed before December 19, 1997, to safeguard legal property rights of occupants. This initiative is outlined in Prakas No. 050 ដនស/ប្រក/ក.ក.ច, dated 19 July 2024. The Prakas addresses co-owned buildings built before December […]
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Samdech Techo Pushes for Expedited Construction of NR No. 78.5 connecting Ratanakkiri to the Triangle Area
Samdech Techo Hun Sen, President of the Senate of Cambodia, has urged the new government to expedite the construction of NR No. 78.5, connecting Ratanakkiri Province and Banlung City to the “tail of the dragon” (Angle 3) with a length of over 166 kilometres. In a special message addressing the CLV development triangle (Cambodia, Laos, […]
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Kampong Speu to Plant Tens of Thousands of Palm Trees Along Stung Prek Tnaot
The provincial authorities in Kampong Speu have announced an ambitious plan to plant tens of thousands of palm trees along the Stung Prek Tnaot River and around local resorts, aiming to enhance the area’s beauty and attract more tourists. The initiative seeks to make Kampong Speu the province with the most palm trees in Cambodia, […]
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Lao Gov’t Approves New 63 km Expressway Section from Oudomxay to Chinese Border
The Lao government has given the green light for the construction of the fourth section of an expressway, enhancing transport connectivity between Laos and China. This newly approved segment will span 63 kilometres, linking Oudomxay province to Boten in Luang Namtha province, a key border area with China, according to a report by Pasaxon on […]
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Vietnam Expands 400MW of Electricity Supply to Cambodia: Pledging More Cooperation
Vietnam has announced a significant increase in its electricity supply to Cambodia, pledging up to 400 megawatts to support the nation’s economic growth. This commitment follows a recent meeting between Samdech Techo Hun Sen, President of the Senate of Cambodia, and HE Pham Minh Chinh, Prime Minister of Vietnam, held in Hanoi on 25 July […]
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Royal Railway Cambodia Successfully Tests New Train Lines for Phnom Penh-Poipet Route
Royal Railway Cambodia has successfully conducted a test run of four Kiha183-182 train lines on the Northern Railway from Phnom Penh to Poipet, signalling a major step towards resuming passenger services. The test, conducted on 25 July 2024, aimed to evaluate the railway’s readiness for passenger operations following a long suspension due to the COVID-19 […]
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In 30 Years, Halo Trust Clears Over 500 Square Kilometres of Cambodian Minefields
Since 1991, Halo Trust has cleared 511 square kilometres of minefields in Cambodia, significantly contributing to the country’s demining efforts. This milestone was highlighted during a meeting between HE Senior Minister Ly Thuch and Mr Miles Hawthorn, Director of Halo Trust in Cambodia, on 25 July 2024. During the meeting, HE Senior Minister Ly Thuch […]
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Cambodia Welcomes Over 380,000 Chinese Tourists in H1 2024, Ranks Third After Thailand & Vietnam
Cambodia welcomed 389,360 Chinese tourists in the first half of 2024, marking a significant 45.2% increase from the 268,130 visitors recorded in the same period last year. Chinese tourists accounted for 12.3% of Cambodia’s total foreign visitors, which numbered approximately 3.16 million. This surge places China as the third largest source of tourists to Cambodia, […]
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Cambodia Sees 60% Surge in Agricultural Exports in First Half of 2024
In the first six months of 2024, Cambodia exported over 6 million tons of agricultural products, marking a nearly 60% increase compared to the same period in 2023, according to a recent report from the Ministry of Agriculture, Forestry, and Fisheries. This significant growth reflects an unprecedented increase in agricultural exports over the last five […]
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Immediate Move-In with Attractive Pricing at Borey Peng Huoth The Star Mera Garden
Borey Peng Huoth The Star Mera Garden (50m) offers a diverse range of housing options, including hybrid villas, shophouses, twin villas, and single villas, with units both under construction and fully completed. Among these, the completed twin villas stand out, available for immediate purchase and occupancy at highly competitive prices. Highlighted Properties: Twin Villa, House […]
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