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 […]

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 […]

We’re delighted to share the weekly news highlights below.   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 Chinese […]

We’re delighted to share the weekly news highlights below. CDC to approve two major investment projects in Sihanoukville The Council for the Development of Cambodia (CDC) will approve two major projects in Sihanoukville province totalling almost $600 million. One of the investment recently endorsed by the CDC is a 2,870-key five-star hotel and resort development, […]

We’re delighted to share the weekly news highlights below.   Domestic tourism up one third in ’23 Domestic tourism in Cambodia surged with nearly 19 million resort visits in 2023, a more than one-third increase from the previous year, while outbound tourists from the Kingdom neared 2 million, according to the Ministry of Tourism. From […]

We’re delighted to share the weekly news highlights below. ‘Unshirkable responsibility’: China’s financial institutions urged to support property developers A senior Chinese financial regulatory official has urged China’s financial institutions to offer robust support to the struggling real estate sector and avoid abruptly cutting financing for projects facing difficulties. The official’s comments come after the […]