The forthcoming draft law on finance for fiscal management in 2025 permits the government to borrow up to 2 billion in Special Drawing Rights (SDR), a notable increase from the 1.7 billion in SDR allocated for borrowing in 2024. Special Drawing Rights, an international reserve asset ...
22nd November 2024
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Cambodia recorded a noteworthy increase in revenue from natural rubber latex exports, reaching $472 million in the first ten months of 2024, marking a 22.5% surge compared to the previous year. The country exported 291,269 tons of natural rubber latex during this period, reflecting a 2.6% growth over the same period ...
21st November 2024
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During the recent Water Festival, tourists made substantial economic contributions, staying in Phnom Penh for up to a week and spending on accommodation, food, and souvenirs, as noted by economist Dr. Hong Vannak from the Royal Academy of Cambodia. The festival generated ...
20th November 2024
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According to a report by the Ministry of Public Works and Transport (MPWT), the implementation of the infrastructure development master plan, which includes short, medium, and long-term projects, will require an investment capital of over $36 billion. Priority projects will ...
19th November 2024
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During the first ten months of 2024, the Council for Development of Cambodia (CDC) approved 346 investments amounting to over $5 billion which represented an increase of 38% compared to the same period last year according to Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB) of CDC. He expressed that the World Lin ...
18th November 2024
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The Royal Government of Cambodia plans to issue bonds worth 500 billion riels (around $125 million) in 2025 to support public sector projects and maintain the national budget. Additionally, the government aims to issue up to $1 billion in bonds over the next five years, primarily to fund infrastructure projects ...
13th November 2024
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Cambodia's exports reached $21.57 billion in the first ten months of 2024, marking a 16% increase compared to the same period last year. Major export products included garments, footwear, travel goods, bicycles, car tires, and agricultural goods such ...
12th November 2024
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Cambodia plans to borrow $2.6 billion from development partners in 2025 to fund public investment projects, aiming to drive long-term sustainable economic growth and boost productivity. The draft law specifies that these funds will be obtained through concessional loans with preferential interest rates, with the ...
11th November 2024
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Cambodia generated over $1.5 billion from paddy and milled rice exports in the first ten months of this year, according to a report by the Cambodia Rice Federation (CRF). From January to October, the country exported 502,029 tonnes of milled rice to 66 international markets, bringing in $376 million. The report noted that ...
08th November 2024
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Cambodia's gold mining sector is flourishing, with private companies like Renaissance Minerals Company and Rong Cheng Company producing a total of 12,558 kg of dore bars containing a 90% gold solution as of November 3. This production data was released amid intensified efforts by authorities ...
07th November 2024
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