The National Assembly (NA) approved a $9.3 billion budget for the Cambodian government in 2025 during its Third Session of the Seventh Legislature, emphasizing the commitment to meet public aspirations and drive socio-economic growth towards becoming ...
29th November 2024
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The Cambodian government has extended the exemption of property transfer taxes for residential properties valued under $70,000 until the end of 2025 to aid the real estate sector's recovery. Prime Minister Hun Manet announced this extension during the Ministry of Land Management, Urban Planning and ...
28th November 2024
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The Asian Development Bank (ADB) has approved a $50 million policy-based loan to enhance Cambodia's business environment, promote competitiveness, and reduce trade barriers as part of the ongoing "Trade and Competitiveness Program." This initiative aims ...
27th November 2024
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Cambodia's aviation sector has seen significant growth in 2024, with the country's three international airports handling over 47,000 flights in the first ten months, a 14% increase compared to the same period in 2023. Passenger numbers at these airports reached nearly 5 million, showing ...
26th November 2024
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The Council for the Development of Cambodia (CDC) has introduced the CDC Investment Project Management System (cdcIPM), a groundbreaking initiative set to modernize investment processes, facilitating smoother business investments within Cambodia. The cdcIPM, described by ...
25th November 2024
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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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