by Teuvo Tuomi | Oct 18, 2024 | Cambodia, Business, Economy, News, Retailing
According to CBRE Cambodia, at the end of Q3, total retail space in Phnom Penh stood at nearly 770,000 sqm, while the average occupancy rate for the quarter stood at 58.3%, a slight decline compared to Q2’s 58.7%. The slump has continued since 2019. During the...
by Teuvo Tuomi | Aug 31, 2024 | Cambodia, Business, Economy, News, Reports
From September 2023 to August 2024, the Council for the Development of Cambodia (CDC) approved 391 new and expanded projects. This amounts to over $7.5 billion in investment, created about 340,000 jobs. This is also an increase of 168 projects over the previous year....
by Teuvo Tuomi | Jul 8, 2024 | Cambodia, Business, Infrastructure, Innovation, Investment, News, Trade
The Regional Comprehensive Economic Partnership (RCEP) agreement and bilateral free trade agreements (FTAs) are expected to help Cambodia attract more foreign direct investment (FDIs) and boost its exports, National Bank of Cambodia’s Governor Chea Serey says....
by Teuvo Tuomi | Jun 18, 2024 | Cambodia, Business, Infrastructure, Investment, News, Trade, Transportation, Travel
In an effort to transform Cambodia into a regional investment hub, the government has launched the Comprehensive Intermodal Transport Master Plan (CIT-MP) to modernize and upgrade infrastructure and logistics systems nationwide. The CIT-MP prioritizes 174 projects in...
by Teuvo Tuomi | Mar 29, 2024 | Cambodia, Business, Economy, Technology, Visions
The National Bank of Cambodia (NBC) is actively promoting a cashless future for the country. The National Bank of Cambodia has developed payment systems and digital societies through the development of the KHQR Standard System (KHQR) and the Cambodian Securities...
