Ngeth Chou News Today

The Government, through the Ministry of Public Works and Transport, has officially signed a public-private partnership agreement with a private company for the construction of a Phnom Penh-Bavet Expressway project that will connect the capital to Svay Rieng province.

The upcoming Southeast Asian (SEA) Games and ASEAN Para Games, to be hosted by Cambodia from May to June in a historic first, are expected to appreciably drive up demand for certain products and services as well as boost overall spending over their duration

‘Free’ SEA Games said to boost spending, offset profit losses Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.

The upcoming Southeast Asian (SEA) Games and ASEAN Para Games, to be hosted by Cambodia from May to June in a historic first, are expected to appreciably drive up demand for certain products and services as well as boost overall spending over their duration, injecting additional growth into the economy, according to local economists.

A new National Bank of Cambodia (NBC) report has confirmed that seven lenders held the majority of the Cambodian financial system’s total assets as of end-2022, which pundits argue is a perfectly reasonable number that is large enough not to significantly undermine development of the market.

A “Standard of Loan Agreement” for the financial sector is under preparation, and institutions are expected to begin adopting its principles by June.

The Phnom Penh Municipal Administration has organised 345 free buses that will run over the course of the Khmer New Year holiday, to reduce travel costs for people who intend to visit their hometowns during the period.

Given the ongoing problem of inflation faced by the Kingdom’s economy, two economic researchers endorsed the move by the Cambodian Microfinance Association when it recently called on Cambodians to deposit cash they keep at home or as gold into savings accounts with microfinance institutions and banks to benefit from higher interest rates.

share PHNOM PENH, CAMBODIA —  Phnom Penh officials on Thursday imposed a night curfew in the city and restricted non-essential travel from 8 p.m. to 5 a.m. for two weeks, as the city continues to record new COVID-19 cases. The directive follows a new sub-decree issued by the Cambodian government Wednesday evening based on the recently passed COVID-19 and infectious diseases law. The sub-decree allows for, among other things, the imposition of a curfew to restrict people’s movements, lockd...