Local News
Cambodia’s Booming Customs Revenue in 2024
In a remarkable display of fiscal growth, the Cambodian government announced on 10 February 2025 that it has successfully collected over USD 2 billion in customs duties for the year 2024, marking an impressive increase of over 13% compared to the previous year. The General Department of Customs and Excise reported that total tax and excise revenues reached a staggering 10,542.2 billion riels, r...
Read MoreKorean Firm Donates 8,000 Electric Motorbikes to Cambodian Government to Combat Emissions
In a significant move to address climate change, South Korean company VeryWords has pledged to donate 8,000 electric motorbikes to Cambodian government officials. This initiative aims to reduce greenhouse gas emissions in Cambodia and promote the use of environmentally friendly transportation. The announcement was made during a signing ceremony of a Memorandum of Understanding (MoU) held on 7 F...
Read MorePhnom Penh Addresses Dilapidated Buildings
Phnom Penh currently has 21 dilapidated buildings across the Daun Penh, 7 Makara, Por Sen Chey, and Boeung Keng Kang districts. In a recent meeting, HE Minister of Land Management, Urban Planning & Construction (MLMUC) Say Sam Al discussed urgent safety concerns with residents living in these structures. The minister emphasised the importance of government-citizen collaboration to ensure sa...
Read MoreCelebrate Love This February with Borey Peng Huoth’s Exclusive Month of Love Promotion!
Valentine's Day is just around the corner, and at Borey Peng Huoth, love is in the air! This February, we are thrilled to introduce our Month of Love promotion, designed for those looking to invest in their dream home while enjoying fabulous rewards. Promotion Details From now until 28 February 2025, every customer who purchases a new home in any of our exquisite Borey Peng Huoth projects will...
Read MoreCambodia Accelerates Irrigation Land Registration for Development
In a significant move to bolster agricultural development, Cambodia is intensifying efforts to register irrigation land and reservoirs across the country. The initiative, led by the Ministry of Water Resources and Meteorology, aims to classify these vital resources as public property to enhance management and ensure sustainable use. During a meeting held on 6 February 2025, HE Chhea Bunrith, th...
Read MoreChina & Japan Unite to Support Mine Clearance Efforts in Cambodia
In a significant move to enhance safety and promote development, China and Japan granted nearly USD 6 million to support ongoing mine clearance operations in Cambodia. This funding will focus on the Cambodian Mine Action Center (CMAC) and the Japan Mine Action Service (JMAS), focusing on eight provinces affected by landmines and unexploded ordnance. Chinese support, amounting to USD 4.4 million...
Read MoreAs of 2024, Phnom Penh Has 1,877 High-Rise Buildings with 5 Floors or More
As of 2024, Phnom Penh has a total of 453 apartment buildings and 1,877 high-rise buildings with five or more floors. This information was presented by HE Keut Chhe, Deputy Governor of Phnom Penh, on 1 February 2023. Phnom Penh, Cambodia's largest capital city, is experiencing rapid urbanization and industrial growth. HE Keut Chhe highlighted that by the end of 2024, the number of apartment ...
Read MoreCambodia’s Tourism Ticket Revenue Exceeds USD 7 Million in January 2025
Cambodia's tourism sector experienced a significant boost in January 2025, generating over USD 7 million from ticket sales to various attractions. The total revenue from these sales reached an impressive USD 7,097,602, reflecting the growing appeal of the country's cultural and natural wonders. According to a report released by the Angkor Foundation on February 1, 2025, a remarkable 146,140 for...
Read MoreAustralia Boosts Support for Cambodia’s Mine Action Efforts with Additional AUD 2 Million
In a significant commitment to bolster safety and rehabilitation in Cambodia, the Australian Government has announced an additional AUD 2 million (over USD 1.2 million) for the ongoing Cambodia Mine Action Project Phase 4 (CFR4). This funding initiative was formalized through an agreement signed on 30 April 2025 by HE Derek Yip, the Australian Ambassador to Cambodia, and Ms. Alissar Chaker, the Un...
Read MoreDespite New Loan Not Yet Approved, Chinese Investment Dominates Cambodia’s FDI
Cambodia continues to attract substantial Chinese foreign direct investment, maintaining a commanding 47% share of total FDI as of Q2 2024, despite recording no new Chinese government loans in Q3 2024. This sustained dominance in foreign investment follows a consistent pattern, where Chinese FDI has maintained majority control ranging from 48% to 56% since 2020, according to findings presented by ...
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