World Bank Projects Cambodia’s Economic Growth to Hit 5.5% in 2025-2026
The World Bank has forecast that Cambodia’s economic growth will reach 5.5% in 2025 and 2026, after forecasting growth of 5.3% for 2024 and 5% for 2023. This is according to the publication of fibre2fashion on December 21, 2024. This growth was strongly driven by increased manufacturing exports, especially garments, travel, and footwear, which resulted […]
Cambodia’s Business Landscape: New Company Registrations Decline Amid Increased Eliminations
In a dynamic turn for Cambodia’s business environment, the Ministry of Commerce reported that in the first 11 months of 2024, the country registered 9,530 new companies. This marks a notable decrease of 17.17% compared to last year, highlighting a shift in the entrepreneurial climate as challenges persist. Among the new registrations, 4,725 were capital […]
Cambodia Eyes Potential to Expand World-class Integrated Resorts Market, with 87 Casinos Currently Operating
Cambodia is advancing plans to expand its casino industry by developing world-class integrated resorts (IRs) and implementing attractive tax policies to entice investors. The announcement was made on 10 December 2024 by Khim Oudam, Deputy Director of Licensing at Cambodia’s Commercial Gambling Management Commission (CGMC), during remarks to GGRAsia. The country’s gross gaming revenue (GGR) […]
Cambodia Launches Innovative Digital Platform to Register Informal Economy Businesses
In a landmark move to support its informal economy, the Cambodian government, led by PM Hun Manet, officially launched a digital registration platform on 16 December 2024. This initiative aims to register informal economy businesses, providing them with formal recognition and support, while enhancing awareness of their contributions to the national and family economy. The […]
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, organised by the Real Estate and Mortgage Regulatory Authority. Mr Chou Vannak, Director General of the authority, revealed that homebuyers owe […]
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 […]