We’re delighted to share the weekly news highlights below. Phnom Penh’s Flood Mitigation Efforts Progressing: 13 Projects Achieved 6.5% Completion Of the 50 flood mitigation projects initiated by the government to alleviate flooding in Phnom Penh over five years, 13 projects are currently underway, achieving 6.5% completion. This was announced on Prime Minister Samdech Hun […]

We’re delighted to share the weekly news highlights below.   1. The construction company of the bridge connecting the 3rd Ring Road with the Phnom Penh-Bavit Expressway is preparing machinery for the construction process China Bridge Corporation (CRBC) is preparing machinery and materials for the construction of a bridge connecting the 3rd Ring Road with the […]

We’re delighted to share the weekly news highlights below. Cambodia Airport Investment Inks 12-Year Contract With Lagardère Travel Retail SAS to Manage Retail Operations at Techo International Airport Cambodia Airport Investment (CAIC) has partnered with Lagardère Travel Retail SAS and HSC Group to manage retail operations at Techo International Airport (TIA). The 12-year contract covers […]

We’re delighted to share the weekly news highlights below. World Bank Extends $275m Credit To Help Cambodia Back On Its Feet Cambodia will receive $275 million low-interest credit from World Bank’s International Development Association to support long-term economic growth and resilience, boos reforms for private sector competitiveness, strengthen fiscal position and provide help to vulnerable […]

We’re delighted to share the weekly news highlights below. Cambodia’s total public debt stands at $11.09 billion as of Q1 The Cambodian government had a total public debt stock of $11.09 billion as of the first quarter (Q1) of 2024, according to the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and […]

We’re delighted to share the weekly news highlights below. Cambodia’s Economic Activities Up in Q1’24, Domestic Demand Subdued – World Bank In the first quarter of 2024, Cambodia’s economic activity saw an uptick due to a significant rise in goods and services exports, including a surge in tourism, despite a subdued domestic demand, as reported […]

Phnom Penh, Cambodia Monday 10th of June 2024 – CBRE Cambodia is pleased to announce a transition in its leadership effective June 7th, 2024. After successful tenure as Managing Director of CBRE Cambodia, Mr. Lawrence Lennon will be embarking on a new journey within the organization. He will be assuming the role of Director within […]

Property News Roundup June 10th, 2024 We’re delighted to share the weekly news highlights below. A Chinese firm interested in investing in industrial park creation in Cambodia Guangxi Beibu Gulf Investment Group, a Chinese company, has expressed interest in establishing an industrial park in Cambodia. The company’s delegation recently visited Lor Tith Chansopheak, an advisor […]

We’re delighted to share the weekly news highlights below. 1. Funan Techo Canal Project to Open in August 2024 The Cambodian government has announced the commencement of the Funan Techo Canal project, a $1.7 billion investment slated to begin in August 2024. This announcement was made by PM Hun Manet during the inauguration of various […]

We’re delighted to share the weekly news highlights below. Kampot Unveils Plans to Enchant Tourists with Floating Market and Beach Developments In a bid to solidify Kampot’s position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of […]

We’re delighted to share the weekly news highlights below.   1. Chinese Tourist Arrivals to Cambodia’s Angkor up Significantly Cambodia has recorded a significant rise in the number of Chinese tourists to its famed Angkor Archaeological Park in the first two months of 2024, according to the state-owned Angkor Enterprise’s report. The report said 16,074 […]

We’re delighted to share the weekly news highlights below. Unfolding Cambodia’s changing property investor profile In recent years, Cambodia’s property market has seen a shift in investor demographics. While Chinese and Southeast Asian investors previously dominated, a broader array of foreign buyers is now entering the Kingdom. Western and European investors are becoming more aware […]

We’re delighted to share the weekly news highlights below. Phnom Penh SEZ Announces Increase in Assets The Phnom Penh Special Economic Zone (PPSEZ), a publicly traded company under Royal Group Phnom Penh SEZ Plc (PPSP), saw its total assets grow from $107.9 million in 2022 to $114.3 million in 2023. This increase is mainly due […]

We’re delighted to share the weekly news highlights below. Cambodia gears up for LDC graduation challenges Cambodia is expected to be an Upper Middle-Income Country by 2030 and a High-Income Country by 2050. The Royal Government pins its hopes on the Pentagonal Strategy Phase 1, initiated by Prime Minister Hun Manet. The UN’s preliminary evaluation […]

We’re delighted to share the weekly news highlights below. World Bank Forecast 4.6% Growth for Developing Asia in 2024, Despite China Declines from 5.2% to 4.4% The World Bank has projected a growth rate of 4.6% for developing Asia-Pacific countries, excluding China, in 2024, as outlined in their recent economic report released and updated by Asia.nikkei on […]

We’re delighted to share the weekly news highlights below. Hun Sen seeks China’s support for Funan Techo Canal project The article discusses Cambodian People’s Party President Hun Sen’s request for China’s support for the Funan Techo Canal project during his visit to China. The project aims to enhance Cambodia’s infrastructure by connecting the Mekong River […]

We’re delighted to share the weekly news highlights below. Economic Expert Is Optimistic about Cambodia Moving on from Least-Developed Country Status The Cambodian government has set the goal of having the country leave the ranks of the Least Developed Countries (LDCs) by 2027. This is also the year the United Nations Development Policy Committee had […]

We’re delighted to share the weekly news highlights below. Funan Techo Canal Development: Shifting Economic Currents in Southeast Asia The ambitious Funan Techo Canal project aims to forge a direct link between the Phnom Penh Autonomous Port and the seaport of Kep province through a monumental canal—the largest in Cambodian history. With dimensions boasting a […]