Cambodia has signed concessional loan and grant agreements with the Asian Development Bank (ADB) for five key development programs, totaling $403 million in investments for 2024. These agreements aim to enhance education, water management, trade, and gender-based violence prevention, with a ...
18th December 2024
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Cambodia is on track to welcome 6.7 million foreign tourists by the end of 2024, surpassing the pre-Covid-19 record of 6.6 million visitors. Tourism Minister Huot Hak made the announcement during the 11th Sea Festival held in Kampot. In the first eleven months of 2024, ...
17th December 2024
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The Cambodian Ministry of Economy and Finance has launched the "Cambodia E-Invoicing System," a digital platform enabling the exchange, validation, and transfer of electronic invoices between sellers and buyers. Developed by the General Department of ...
16th December 2024
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The World Bank has revised its economic growth forecast for Cambodia, projecting a growth rate of 5.3% for 2024. This adjustment reflects the challenges faced by the country, including a slowdown in credit growth and deteriorating asset quality, particularly in the real estate sector....
13th December 2024
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The Cambodian government has successfully raised $70 million through the issuance of bonds in the first three quarters of the year. This funding aims to support various development projects and bolster the country's economic stability...
12th December 2024
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Cambodia's trade with its partners surged to nearly $50 billion in the first 11 months of 2024, showcasing a substantial 20% annual rise. The General Department of Customs and Excise (GDCE) revealed that exports constituted 48% of this total, with a notable 17.4% ...
11th December 2024
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Cambodia's economy is forecasted to grow by 6% in 2024, signaling a robust recovery from recent economic challenges. This growth projection is driven by strong performances in key sectors such as agriculture, manufacturing, and services....
10th December 2024
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Nearly 57,000 loan accounts have been restructured by banks and microfinance institutions (MFIs) in Cambodia, amounting to $850 million. This restructuring comes as part of directives from the National Bank of Cambodia (NBC) to ease financial burdens on ...
09th December 2024
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Cambodia's construction and real estate sector has accumulated a debt of $18 billion, highlighting the challenges faced during the post-pandemic recovery period. The decline in demand and economic slowdown have contributed to the financial strain on these industries. Despite ...
06th December 2024
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The Cambodian government has launched a comprehensive 10-year roadmap for Public-Private Partnership (PPP) projects, aiming to boost infrastructure development and economic growth. This strategy focuses on attracting private investment to fund key sectors ...
05th December 2024
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