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ខ្មែរ Local News
Cambodia Stock Ready for Trading Online with Investors Open Accounts Projected to Almost Double In 2024
- 10 November 2023
Cambodia's Securities Exchange is experiencing a remarkable surge, with the number of trading accounts growing by an impressive 31% year-on-year. As of the end of Q3 2023, the total reached a substantial 43,974. This significant growth is a testament to the nation's burgeoning interest in the stock market, according to the Cambodia Investment Review update on 26 October 2023. Behind this surg...
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Prime Minister Pushes for Faster Distribution of Land Titles to Citizens
- 9 November 2023
Prime Minister Sandech Hun Manet has urged the Ministry of Land Management, Urban Planning, and Construction to accelerate the distribution of land titles to the people of Cambodia. Currently, only about two million land titles have been distributed, while five million more are yet to be issued. During a recent gathering with garment workers at a Special Economic Zone in Prey Nob district, Siha...
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World Bank Warns Cambodia’s GDP to Plunge 9% by 2050 If Climate Crisis Not Properly Addressed
- 6 November 2023
Cambodia stands at a critical crossroads in its path to development, as an alarming report from the World Bank underscores the looming perils of climate change. The recent Cambodia Country Climate and Development Report (CCDR) released on 16 October 2023, unveils a strategic framework that is paramount in safeguarding the nation's future. It underscores the urgency of reducing vulnerability to cli...
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CBRE Cambodia Sheds Light on the Office of the Future: Where Work, Lifestyle & ESG Converge
- 6 November 2023
CBRE Cambodia, a leading player in the real estate arena, recently orchestrated an exclusive event christened "Unveiling the Office of the 21st Century: Shaping the Future of Work, Lifestyle, and ESG" at ATOM in Phnom Penh on 2 November 2023. This event had an overarching mission—to spotlight the rapidly transforming landscape of contemporary workplaces, with a keen emphasis on the dynamic interpl...
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Deciphering Property Rights: Private vs. State Ownership Explained
- 4 November 2023
In any nation, the right to own and enjoy property is a fundamental cornerstone of society. Understanding the distinction between "Private Property" and "State Property" is pivotal in ensuring the harmony and well-being of a country's citizens. Private Property encompasses both tangible and intangible assets owned by individuals or groups, secured by legally recognized title deeds, and subject ...
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Gov’t to Issue US$180m in Securities to Manage State Securities
- 2 November 2023
The Cambodian government is set to issue an additional US$180 million in securities in 2024. This announcement, disclosed in the summary of the 2024 Finance Management draft law by the Ministry of Economy and Finance, underscores Cambodia's commitment to optimizing its financial resources. The newly issued state securities, amounting to 440 billion riels or US$108 million, will be instrumental ...
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Angkor Wat Rakes in Over US$27 Million from Ticket Sales in 10 Months
- 2 November 2023
In a resounding testament to Cambodia's rich cultural heritage, the first ten months of 2023 have seen the nation amass an impressive revenue of US$27,882,435 through the sale of tickets to the renowned Angkor resort. The entrancing complex has been embraced by 602,570 foreign tourists, underlining the enduring allure of this cultural gem. A report unveiled by the Angkor Institute on 1 November...
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Cambodia’s Economic Projections for 2023-2024: ADB’s Cautious View of Rising Expectations
- 1 November 2023
In a dynamic economic environment, Cambodia's growth trajectory for the coming years is under scrutiny, with varying projections from top financial institutions. The World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) all offer distinct perspectives on the nation's economic future. Yet an interesting point is, why is the Asian Development Bank (ADB) forecast for...
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Royal Group to Spearhead Development on 10 Hectares of Boeung Ta Mok Land, Backed by Government Allocation
- 1 November 2023
The Cambodian government has designated 10 hectares of Boeung Ta Mok (Boeung Kob Srov) to the Royal Group, represented by Neak Oknha Kith Meng. The decision is encapsulated in Sub-Decree No. 105, dated 29 May 2023. The allocated land, measuring 10 hectares, is situated in Sangkat Pansang, Khan Prek Pnov, Phnom Penh. This transformation, detailed in Sub-Decree No. 20, dated 3 February 2016, rede...
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Gov’t Unlocks 639 Hectares of Prime Land in Stung Hav for Private Investment
- 29 October 2023
Cambodia's government has unveiled an ambitious plan to transform 639 hectares of pristine state-owned land in Tumnup Rolok commune, Stung Hav district, Preah Sihanouk province into a hub of commercial and service excellence. This strategic development initiative, outlined in Sub-Decree No. 137 issued on 23 June 2023, marks a significant step towards fostering private investment in the region's bu...
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