Angkor Enterprise, the state-owned agency managing ticket sales for Angkor Archaeological Park, reported revenue exceeding $40 million from ticket sales in the first 11 months of 2024. This represents a significant recovery compared ...
03rd December 2024
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Cambodia's cashew nut production has been steadily increasing, with experts predicting it could surpass traditional cashew powerhouses to become the largest cashew producer by 2030. The country currently has over 580,000 hectares of ...
02nd December 2024
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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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