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ខ្មែរ Local News
Cambodia’s Real Estate Market Faces Mixed Signals Amid Regional Benchmarks
- 27 January 2025
Cambodia's commercial real estate market reveals significant challenges with office occupancy rates at 65.1%, well below the international benchmark of 85-90%, while maintaining premium rents at $27 per square meter, according to the "Fearless Forecast" report presented by CBRE Cambodia Chairman Marc Townsend at Novotel Phnom Penh BKK1 on 14 January 2025. The retail sector faces similar headwin...
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Land Grant Initiative for Poor Families in Stung Treng Province
- 27 January 2025
In a significant move to support impoverished communities, Prime Minister Hun Manet has announced a land grant initiative to provide 1,000 poor families in the Ousev area of Stung Treng province with essential residential and agricultural land. Each family will receive 3 hectares of land, marking a vital step towards poverty alleviation and community development. During a recent plenary Cabinet...
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Cambodia Boosts Agricultural Irrigation Capacity by Nearly 2 Million Hectares by 2024
- 24 January 2025
In a significant advancement for its agricultural sector, Cambodia has successfully increased the irrigation capacity of its agricultural land by approximately 1,969,843 hectares as of 2024. This achievement is part of the Cambodian government's ongoing efforts to enhance irrigation systems nationwide, ensuring access to vital resources for its citizens. During a meeting of Senate Committee 3 h...
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Transforming Kampong Thom: Cambodian Government’s Vision for a Thriving Tourism Hub
- 24 January 2025
The Cambodian government aims to transform Kampong Thom province into a vibrant tourism hub by establishing two special working groups to prepare a comprehensive tourism development plan. This initiative highlights the province's rich cultural heritage, historical significance, and abundant natural resources, particularly due to its central location in Cambodia. The announcement was made during...
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China to Invest in Agriculture and Animal Husbandry in Stung Treng
- 21 January 2025
In a significant development for Stung Treng province, the Stung Treng Provincial Administration has announced a partnership with Yong An Li Co., Ltd., a Chinese corporation, to launch investment projects focusing on agriculture and animal husbandry. A Memorandum of Understanding (MoU) was signed on 13 January 2025, marking a new chapter in agricultural investment for the region. Following the ...
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Cambodia Poised for Economic Windfall as U.S. Trade Policy Shifts from Vietnam
- 20 January 2025
Cambodia stands to emerge as a major beneficiary of potential U.S. trade policy shifts, with experts predicting significant manufacturing opportunities if Donald Trump returns to office, particularly as Vietnam faces possible trade tariffs similar to those previously imposed on China, according to 2025 Fearless Forecast shared at a Real Estate Forum in Novotel Phnom Penh by Marc Townsend, Chairman...
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Emerging Green Journey: Cambodia’s Electric Vehicle Boom in 2024
- 17 January 2025
In 2024, Cambodia experienced a remarkable increase in electric vehicle registrations, reaching a total of 2,253—a staggering 620% rise compared to 2023. This was confirmed by HE Phorn Rim, the spokesman for the Ministry of Public Works and Transport, on 15 January 2025. This substantial growth indicates a positive shift towards green transportation in Cambodia. HE Phorn Rim stated, "In 2024 al...
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Experience Prosperity this Lunar New Year with Unmissable Offers from Borey Peng Huoth!
- 16 January 2025
In celebration of the vibrant and auspicious Chinese New Year, Borey Peng Huoth is thrilled to announce a sensational promotion that is perfect for families and businesses seeking their dream homes. From now until 31 January 2025, join us in experiencing the spirit of the season with exclusive discounts and offers designed to bring joy and prosperity to our valued customers. During this auspici...
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Cambodia to Issue 500 Billion Riels in Securities to Balance National Budget in 2025
- 15 January 2025
In a strategic move to bolster its national budget, the Cambodian government has announced plans to issue an additional 500 billion riels in state securities in 2025. This decision, revealed in a press release dated 23 December 2024, aims to enhance investment capabilities while ensuring fiscal stability. The Ministry of Economy and Finance will conduct an auction for these securities at the Na...
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Government Cancels Cement Projects to Protect Ecotourism in Kampot Province
- 14 January 2025
In a significant move to preserve the region's ecotourism and cultural heritage, the Cambodian government has canceled over 460 hectares of cement projects in Kampong Trach district, Kampot province. This decision affects a limestone mountain cement project previously licensed to BYRICH Construction Material Company Limited. The cancellation is outlined in letter No. 1878 from the Office of the...
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