Asia Pacific Real Estate Forecast 2025: Navigating Challenges with Resilience and Opportunity
The Asia Pacific real estate market is poised for steady growth in 2025, buoyed by easing global interest rates and projected regional GDP growth of 4.4%, despite persistent challenges such as China’s ongoing property market struggles and geopolitical tensions. the International Monetary Fund (IMF) and World Bank confirmed these growth projections in their recent regional […]
Progress on Dang Kambit Reservoir Dam Reaches 46%
The construction of the Dang Kambit Reservoir Dam in Sre Khsach Village, Dang Kambit Commune, Sandan District, has achieved a significant milestone, reaching 46% completion as of December 20, 2024. This update follows an on-site inspection led by HE Chuon Bitthol, Undersecretary of State, on behalf of HE Tho Chetha, the Minister of Water Resources […]
In 2024, Cambodia receives more than 400 investment projects worth USD 6.9 billion
In 2024, the Council for the Development of Cambodia approved 414 investment projects, up from 268 in 2023, or 54%, according to a report released on December 20. The approved investment projects had a total investment capital of USD 6,900 million, up 40% from USD 4,927 million in 2023. Samdech Moha Borvor Thipadei Techo Hun […]
Vireak Buntham Launches Passenger Ship Services from Kampot to Koh Tral
Vireak Buntham Company has made history by becoming the first to launch a modern passenger ship service from Kampot International Tourist Port to Koh Tral (Phu Quoc Island), Vietnam. The announcement was made on the Duke’s official Facebook page on December 25, 2024. The direct journey from Kampot International Tourist Port to Koh Tral (Phu […]
Cambodia Expands Diplomacy with New Embassies and Consulate!
In a significant move to enhance its diplomatic presence, Cambodia has announced the establishment of an Embassy in Timor-Leste and a Consulate General in Songkhla, Thailand. This decision formalized through Sub-Decree No. 240 and No. 241, dated October 22, 2024, marks a strategic step in extending Cambodia’s international relations. The new Embassy of the Kingdom […]
Banking Sector Responds to Housing Crisis with Reduced Interest Rates
In a significant move to revitalize the struggling real estate sector, banking and financial institutions in Cambodia have announced a reduction in interest rates on real estate loans. This decision aims to alleviate homebuyers’ financial burden and stimulate industry growth. Starting immediately, home development and real estate interest rates will be cut to 8% annually. […]