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ខ្មែរ Local News
Cambodia Maintains World’s Highest Central Bank Interest Rates, Defying Global Trends
- 5 November 2024
In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans the period from December 2021 to December 2024, revealing the Bank of Cambodia’s steadfast app...
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Borey Peng Huoth Introduces Special Water Festival Instalment Offer with 9% Interest on 19-Year Terms
- 5 November 2024
Borey Peng Huoth has announced an attractive new opportunity for buyers this Water Festival season, offering a 9% annual interest rate on direct installment payments for up to 19 years without requiring income verification. The promotion, available across all Borey Peng Huoth projects, also includes a range of exclusive vouchers for new homeowners—underscoring Borey Peng Huoth’s commitment to a...
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In 10 Months, Cambodia Earns Over USD 37 Million from Angkor, Koh Ker & Boating Tickets
- 2 November 2024
From January through September 2024, Cambodia generated USD 36,824,852 in ticket sales from Angkor, Koh Ker, and boat rides—a substantial revenue gain that reflects the country’s appeal to international visitors. The Angkor Institute reported this information on 1 October 2024. The data indicates that, during these ten months, 774,203 foreign tourists purchased tickets to Angkor, amounting to U...
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Cambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers
- 28 October 2024
Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after the sharp decline to just 200,000 tourists in ...
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CBRE: Cambodian Real Estate Faces Divergent Trends Amid 2024 Economic Growth
- 24 October 2024
Cambodia's real estate market in the final quarter of 2024 reveals diverse trends, marked by an estimated 5.8% GDP growth rate and 4.3 million international tourist arrivals in the first eight months, yet a decline in construction investment approvals to just USD 2.19 billion, involving fewer than 3,000 projects. The latest report by CBRE Research, based on data from the World Bank, Asian Developm...
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Thailand Pitches “6 Countries, 1 Goal” Initiative to Boost ASEAN Tourism
- 23 October 2024
Thailand has proposed a groundbreaking tourism initiative named "6 Countries, 1 Goal" to strengthen collaboration and tourism flow within the ASEAN region. The proposal, aimed at creating seamless travel experiences across Brunei, Cambodia, Laos, Malaysia, Vietnam, and Thailand, was discussed during a meeting on 21 October 2024 between Mr Dusit Menapan, adviser to the Thai Foreign Minister, and...
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The Star Mera Garden: Ideal Housing for Every Stage of Life with Exclusive Offers in Phnom Penh
- 19 October 2024
Life in Phnom Penh can often be disrupted by noise, car emissions, and unclean air, which negatively impact the well-being of the elderly. So, where can you find a place that strikes a balance—neither too noisy nor too quiet, with minimal toxic smoke? The Star Mera Garden, a premier housing project by Borey Peng Huot in Phnom Penh, offers a perfect blend of serenity and urban convenience, cater...
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K Mall Veng Sreng Unveils New Expansion to Elevate Phnom Penh’s Retail Experience
- 18 October 2024
Urbanland, a Cambodian real estate developer, is pleased to announce the highly anticipated expansion of K Mall Veng Sreng, set to launch in late 2024, aiming to redefine shopping in Phnom Penh. This major development will add more retail spaces and generous public areas, enhancing the mall's capacity to welcome and serve its growing number of daily visitors, which currently reaches approximately ...
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Cambodia & China Sign Agreement to Preserve Nearly 60K Hectares of Mangrove Forests
- 18 October 2024
To protect and rehabilitate Cambodia’s mangrove forests, the General Department of Protected Areas under the Ministry of Environment signed a collaborative agreement with the International Mangrove Centre, China, to enhance the preservation of 58,800 hectares of mangrove ecosystems. The agreement was formalized on 12 October 2024, with HE Srey Sunleang, Director General of the General Departmen...
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PM Cancels Land-Clearing Requests to Enforce Transparent Land Registration
- 17 October 2024
PM Samdech Hun Manet has canceled all pending land-clearing requests in a move to prioritize transparent land registration and curb fraudulent practices. Speaking at the 30th anniversary celebration of the 70th Brigade on 15 October 2024, the PM announced the decision, emphasising that land must be registered appropriately before any clearance activities can commence. During the event, Samdech ...
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