Cambodia and China have sealed a $1.156 billion agreement for the Funan Techo Canal (FTC) project, with a 51-49 ownership structure favoring Cambodia. The deal, facilitated by China's National Development and Reform Commission (NDRC), aims to accelerate the canal's construction, ensuring completion ...
21st April 2025
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Cambodian and Malaysian travelers can now enjoy a more streamlined payment experience thanks to the rollout of the second phase of a cross-border QR payment system. This initiative, a joint effort between the National Bank of Cambodia and Bank Negara Malaysia, allows individuals ...
09th April 2025
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The International Monetary Fund (IMF) has reiterated its commitment to supporting Cambodia's economic outlook, emphasizing the importance of maintaining stability and fostering growth. During recent discussions, the IMF highlighted Cambodia's resilience in navigating global ...
08th April 2025
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The Cambodian government has approved the National Policy on Air Transport 2025-2035, aiming to attract 25 million air passengers by 2035. This policy seeks to enhance domestic, regional, and global air connectivity while fostering fair business opportunities in the civil aviation sector. The initiative aligns with Cambodia's broader goals of sustainable and resilient air transport development. According to the State Secretariat of Civil Aviation (SSCA), the goal for 2025 is to boost air passenger numbers to ...
07th April 2025
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The Angkor Sankranta festival, celebrated annually during Khmer New Year, serves as a cultural showcase and a strategic effort to rejuvenate Cambodia's tourism sector. With its rich array of activities, including traditional games, performances, and ceremonies at iconic locations ...
04th April 2025
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Cambodia and Vietnam have reaffirmed their commitment to strengthening economic partnerships across key sectors, with a goal of achieving USD 20 billion in bilateral trade. The Business Dialogue 2025, hosted by the Vietnamese Embassy in Phnom Penh, served as a platform ...
03rd April 2025
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According to a report by the Insurance Regulator of Cambodia (IRC), the insurance sector recorded a gross premium of $72 million during the first two months of this year. This marks a 7.5% increase compared to the $67.38 million achieved in the same timeframe last year with general insurance seeing 8.7% and life insurance 4.9%. This surge reflects heightened awareness and demand for insurance products among ...
01st April 2025
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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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