Cambodia Takes Bold Step to Embrace Informal Economy with New Digital Registration Platform
In a groundbreaking move to bolster the informal economy, the Royal Government of Cambodia, under the leadership of Prime Minister Hun Manet, has officially launched a digital platform aimed at registering informal economy businesses. Announced on December 16, 2024, this initiative sets forth two primary goals: to enhance awareness of the informal economy’s potential and […]
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 […]
Angkor Wat Ticket Sales Surge Nearly 29% to USD 41.9 Million in 2024
Cambodia’s Angkor Archaeological Park has recorded a stunning revenue of USD 41,908,833 from ticket sales in the first eleven months of 2024, marking a significant 29% increase compared to the same period in 2023. The announcement was detailed in a report released by the Angkor Foundation on 1 December 2024. The report revealed that 898,339 […]
Siem Reap Angkor International Airport Welcomes 1.3 Million Passengers, Targets 2 Million in 2025
Siem Reap Angkor International Airport has welcomed over 1.3 million passengers in the first 11 months of 2024, with projections set to reach 1.4 million by the end of the year, marking a promising recovery in Cambodia’s tourism and aviation sectors. This milestone was shared by Lu Wei, Chairman of the Board of Directors of […]
ADB Approves USD 50 Million Loan to Boost Cambodia’s MSME Sector
The Asian Development Bank (ADB) has approved a USD 50 million loan to enhance Cambodia’s micro, small, and medium-sized enterprises (MSMEs), aiming to strengthen the business environment and reduce trade barriers in Southeast Asia. ADB Country Director for Cambodia, Jyotsana Varma, highlighted the MSME’s transformative potential stating: “By fostering the growth of these enterprises, we […]