The Bakong blockchain-based payment system, launched by the National Bank of Cambodia, has achieved a transaction volume equivalent to 330% of the country's GDP in 2024. This innovative platform, often compared to a central bank digital currency, has revolutionized ...
31st March 2025
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Cambodia is setting its sights on attracting one million Chinese tourists by the end of the year, a move aimed at revitalizing its tourism sector. The initiative is part of the "Cambodia-China Year of Tourism," which underscores the strong ties between the two nations. The country is ...
19th March 2025
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In 2024, Cambodia's total credit balance reached 236,429,266 million riels (approximately $59.1 billion), with 5.04 million borrowers. Phnom Penh, Kandal, and Siem Reap collectively accounted for about 60% of the total. Phnom Penh led with 119,021,947 million riels (50% of the total) ...
18th March 2025
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The Cambodian government has signed concessional loan agreements totaling $1.8 billion with various development partners in 2024, reflecting a 2% increase from the previous year. Approximately 39% of the loans were secured through bilateral agreements, while 61% came from multilateral partners. The funds will primarily target infrastructure development, including roads, bridges, and energy projects, as well as education, healthcare, and clean water initiatives. By focusing on these priority areas, Cambodia ...
17th March 2025
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Phnom Penh has initiated steps toward realizing its long-awaited metro rail system, a transformative project aimed at modernizing the city's transportation infrastructure. The plan, which has been under discussion for years, envisions a network of urban rail lines to alleviate traffic ...
14th March 2025
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In the first two months of 2025, Cambodia's rice exports generated $420 million, showcasing the sector's robust performance. Milled rice in particular saw a rise of nearly 50% in terms of exported tonnage and 62% int terms of value while rice paddy exports saw a reduction of 20% in terms of export value at the same time. Fragrant rice, a premium product, remains the flagship export, catering to high-demand markets such as China, Europe, and regional neighbors. To capitalize on this success, efforts are ...
13th March 2025
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The Cambodian government successfully mobilized $74 million through its public bond program in 2024, which is geared toward financing vital public investment projects. Launched in 2022, the initiative reflects Cambodia's efforts to reduce dependence ...
12th March 2025
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Cambodia's international trade witnessed a commendable 16% growth to $9.44 billion during the first two months of 2025, showcasing the country's increasing economic dynamism. This substantial increase is attributed to the higher volume of exports and imports, driven primarily ...
11th March 2025
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The Council for the Development of Cambodia (CDC) has embarked on a groundbreaking initiative to decentralize its investment registration process, aimed at enhancing accessibility, efficiency, and transparency through revisiting its data sharing systems and procedures for ...
10th March 2025
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The National Bank of Cambodia (NBC) and the Korea Asset Management Corporation (KAMCO) signed a Memorandum of Understanding (MOU) to collaborate on managing non-performing loans (NPLs) in Cambodia. The MOU aims to enhance the financial stability ...
07th March 2025
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