Cambodia Raises USD 70 Million Through Government Bonds in Nine Months of 2024
In nine months, the Cambodian government raised approximately USD 70 million through the sale of government bonds to domestic investors in the first nine months of 2024. This achievement, which represents 65% of the legally allowed issuance limit of 440 billion riels, underscores the country's commitment to strengthening its domestic funding mechanisms and reducing reliance on foreign borrowing. ...
Read MoreJapan Commits USD 900K to Restore Bayon Temple, Enhancing Cambodia’s Cultural Legacy
To boost Cambodia’s cultural heritage preservation efforts, the Japanese government has pledged an additional grant of USD 900K for the Bayon Temple Preservation and Restoration Project. This funding will support a vital three-year initiative from 2025 to 2028 to revitalize the iconic UNESCO World Heritage site. The announcement was made on 13 December 2024 during a plenary session of the Inter...
Read MoreSeamless Roofing Upgrades: ISI RE-ROOFING Solutions Revolutionises Your Commercial Roofing
Commercial properties in Cambodia are now equipped with a ground-breaking solution to address persistent roofing issues, as ISI STEEL launches its innovative ISI RE-ROOFING Solutions. This first-of-its-kind service in Cambodia allows businesses to upgrade their roofs without the need for costly and disruptive demolitions, ensuring uninterrupted daily operations. Many factories, warehouses, and ...
Read MoreThe PropertyGuru Asia Real Estate Summit marks landmark 10th edition with aspirational discourses on future of cities
ARES 2024 ANCHORS PROPERTYGURU WEEK, FEATURING DEBUT OF THE MIDDLE EAST AWARDS AND OTHER MILESTONES BANGKOK, Thailand — The 10th edition of the PropertyGuru Asia Real Estate Summit (ARES), the thought leadership platform of PropertyGuru Group (NYSE: PGRU), gathered experts and thought leaders to discuss the intersecting issues moving and shaking the real estate industry, including technology, d...
Read MoreGov’t Temporarily Opens Morodok Techo Flyover’s First Floor Ahead of Khmer New Year 2025
To enhance urban mobility and alleviate traffic congestion in Phnom Penh, the Cambodian government has announced the temporary opening of the first floor of the highly anticipated Morodok Techo Flyover ahead of the Khmer New Year celebrations in 2025. This development comes as part of efforts to facilitate smoother travel during the bustling Khmer New Year celebrations in April 2025. The announ...
Read MoreCambodia Launches Innovative Digital Platform to Register Informal Economy Businesses
In a landmark move to support its informal economy, the Cambodian government, led by PM Hun Manet, officially launched a digital registration platform on 16 December 2024. This initiative aims to register informal economy businesses, providing them with formal recognition and support while enhancing awareness of their contributions to the national and family economy. The informal economy, a vit...
Read MoreHong Kong & Macau Plan Electric Motorcycle Assembly Plant in Cambodia, Boosting Green Transport Future
Investors from Hong Kong and Macau, China, have announced plans to establish an electric motorcycle assembly plant in Cambodia, a move poised to accelerate the country's transition to eco-friendly transportation. The ambitious project was unveiled during a meeting on 13 December 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wang Jiawei, CEO of Glor...
Read MoreCambodia Completes 271 Rural Road Projects in 2024, Enhancing Accessibility Across Remote Areas
The Cambodian government has announced the successful completion of 271 rural road projects in 2024, significantly boosting transportation accessibility for remote communities. The Ministry of Rural Development presented these achievements during a year-end meeting on 9 December 2024, highlighting the construction and improvement of approximately 940.71 kilometers of double-paved roads and outlini...
Read MoreGround-breaking Ceremony for Mekong Key City in Areyaksat Marks a New Era in Cambodian Urban Development
The Cambodian government has officially commenced construction on the ambitious Mekong Key City project, a transformative satellite city spanning over 200 hectares along the eastern bank of the Mekong River. The ground-breaking ceremony, held on 17 December 2024 and presided over by PM Hun Manet, signals the start of a development poised to redefine the urban and economic landscape of Areyaksat. ...
Read MoreCambodia Faces Mounting Debt Challenges in the Real Estate Sector
The real estate sector in Cambodia is grappling with mounting financial concerns as total housing debt nears USD 1 billion, according to insights shared during the recent roundtable discussion, The Debt Situation in Cambodia, organized by the Real Estate and Mortgage Regulatory Authority. Mr. Chou Vannak, Director General of the Authority, revealed that homebuyers owe between USD 800 million an...
Read MoreMekong River Bridge in Kratie Province Achieves 77% Completion, Set to Fully Operate by September 2025
The Mekong River Bridge project in Kratie province has reached a major milestone, with 77.02% of the work completed as of December 2024. Spanning an impressive 1.761 kilometers with a width of 13.55 meters, this landmark infrastructure project is set to enhance regional connectivity and stimulate economic growth. The project also includes a 31.69-kilometre connecting road that links NR 7 (Kla S...
Read MoreCambodia’s Public Debt Reaches USD 11.78 Billion by Q3 2024
Cambodia’s public debt reached USD 11.78 billion by the end of the third quarter of 2024. According to a recent report by the Ministry of Economy and Finance, this debt comprises USD 11.67 billion in external debt (99%) and USD 115 million in domestic debt (1%). The external debt portfolio is diversified across multiple currencies, with 45% denominated in US dollars, 19% in Special Drawing Righ...
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