Local News
World Bank Warns Cambodia’s GDP to Plunge 9% by 2050 If Climate Crisis Not Properly Addressed
Cambodia stands at a critical crossroads in its path to development, as an alarming report from the World Bank underscores the looming perils of climate change. The recent Cambodia Country Climate and Development Report (CCDR) released on 16 October 2023, unveils a strategic framework that is paramount in safeguarding the nation’s future. It underscores the […]
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CBRE Cambodia Sheds Light on the Office of the Future: Where Work, Lifestyle & ESG Converge
CBRE Cambodia, a leading player in the real estate arena, recently orchestrated an exclusive event christened “Unveiling the Office of the 21st Century: Shaping the Future of Work, Lifestyle, and ESG” at ATOM in Phnom Penh on 2 November 2023. This event had an overarching mission—to spotlight the rapidly transforming landscape of contemporary workplaces, with […]
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Deciphering Property Rights: Private vs. State Ownership Explained
In any nation, the right to own and enjoy property is a fundamental cornerstone of society. Understanding the distinction between “Private Property” and “State Property” is pivotal in ensuring the harmony and well-being of a country’s citizens. Private Property encompasses both tangible and intangible assets owned by individuals or groups, secured by legally recognized title […]
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Gov’t to Issue US$180m in Securities to Manage State Securities
The Cambodian government is set to issue an additional US$180 million in securities in 2024. This announcement, disclosed in the summary of the 2024 Finance Management draft law by the Ministry of Economy and Finance, underscores Cambodia’s commitment to optimizing its financial resources. The newly issued state securities, amounting to 440 billion riels or US$108 […]
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Angkor Wat Rakes in Over US$27 Million from Ticket Sales in 10 Months
In a resounding testament to Cambodia’s rich cultural heritage, the first ten months of 2023 have seen the nation amass an impressive revenue of US$27,882,435 through the sale of tickets to the renowned Angkor resort. The entrancing complex has been embraced by 602,570 foreign tourists, underlining the enduring allure of this cultural gem. A report […]
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Cambodia’s Economic Projections for 2023-2024: ADB’s Cautious View of Rising Expectations
In a dynamic economic environment, Cambodia’s growth trajectory for the coming years is under scrutiny, with varying projections from top financial institutions. The World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) all offer distinct perspectives on the nation’s economic future. Yet an interesting point is, why is the Asian Development […]
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Royal Group to Spearhead Development on 10 Hectares of Boeung Ta Mok Land, Backed by Government Allocation
The Cambodian government has designated 10 hectares of Boeung Ta Mok (Boeung Kob Srov) to the Royal Group, represented by Neak Oknha Kith Meng. The decision is encapsulated in Sub-Decree No. 105, dated 29 May 2023. The allocated land, measuring 10 hectares, is situated in Sangkat Pansang, Khan Prek Pnov, Phnom Penh. This transformation, detailed […]
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Gov’t Unlocks 639 Hectares of Prime Land in Stung Hav for Private Investment
Cambodia’s government has unveiled an ambitious plan to transform 639 hectares of pristine state-owned land in Tumnup Rolok commune, Stung Hav district, Preah Sihanouk province into a hub of commercial and service excellence. This strategic development initiative, outlined in Sub-Decree No. 137 issued on 23 June 2023, marks a significant step towards fostering private investment […]
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Come On…. Halloween Town on 27-28-29 Oct, organized by Borey Peng Huoth
This great Halloween Town event will be held by Borey Peng Huoth at the European Park PH Euro Park from 27-28-29 October 2023. Every year, Borey Peng Huoth always brings a lot of fun programs for the public to join for free. This year’s Halloween Town will be held from October 27-28-29, where all residents […]
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Cambodian Gov’t Explores Opportunity to Open for Foreign Ownerships in Landed Property (Borey)
The Ministry of Land Management, Urban Planning, and Construction, in collaboration with the Cambodian Housing Developers Association, convened a high-stakes meeting to deliberate the legal framework surrounding the potential expansion of property ownership rights for foreigners in Borey projects. Chaired by HE Deputy Prime Minister Say Sam Al and Ohkna Ly Hour, President of the […]
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