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Angkor Times Latest Questions

Angkor Times
Angkor TimesExperienced
Asked: November 8, 2023In: Lifestyles, Make Money

Why Is Modernizing Cambodia’s Rail Network a Game-Changer for Economic Growth?

Advancing Cambodia’s Railways for Enhanced Economic Growth Prime Minister Hun Manet’s recent call to expedite upgrades to the Phnom Penh to Preah Sihanouk railway line marks a significant step towards enhancing Cambodia’s transportation infrastructure. In his effort to boost the country’s ...Read more

Advancing Cambodia’s Railways for Enhanced Economic Growth

Prime Minister Hun Manet’s recent call to expedite upgrades to the Phnom Penh to Preah Sihanouk railway line marks a significant step towards enhancing Cambodia’s transportation infrastructure. In his effort to boost the country’s economic growth, Manet suggested increasing the maximum speed on this line to 80km/h, aiming to facilitate the transportation of goods and provide numerous benefits to the nation.

Railway station in Phnom Penh in 2020 by Heng Chivoan
Railway station in Phnom Penh in 2020 by Heng Chivoan

While this initiative mainly focuses on improving logistics, the railways offer a host of advantages that extend beyond transportation speed and cost.

Environmental Sustainability: One of the most compelling benefits of railways is their environmental friendliness. Trains are more energy-efficient and produce fewer carbon emissions per ton-mile than trucks. By encouraging the use of railways for transporting goods, Cambodia can reduce its carbon footprint and contribute to a greener future.

Reduced Road Congestion: Upgrading the railway system will help alleviate road congestion, especially on critical routes like the Phnom Penh to Preah Sihanouk line. This not only results in smoother road traffic for commuters but also reduces wear and tear on the road infrastructure, leading to lower maintenance costs.

Safer Transportation: Railways are inherently safer than highways, as train accidents are relatively rare compared to road accidents. By promoting the use of trains for transporting goods, the government can enhance overall safety and reduce accidents on the road, resulting in fewer casualties and property damage.

Cost Savings: Rail transport is often more cost-effective than road transport for the carriage of heavy and bulk goods. The reduced need for labor, lower fuel consumption, and minimized wear and tear on vehicles can lead to considerable cost savings for businesses and consumers alike.

Job Creation: Investing in railway infrastructure and upgrading existing lines can create employment opportunities in construction, maintenance, and rail operation. This boost in employment can help improve the livelihoods of many Cambodians and stimulate local economies.

Economic Integration: A well-connected railway network can foster economic integration by facilitating the efficient movement of goods and people across the country. This, in turn, can attract foreign investment and bolster Cambodia’s position as a regional trade hub.

Tourism Development: Improved rail connectivity can enhance the appeal of Cambodia’s tourist destinations. Travelers prefer the convenience and scenic routes that railways often offer, attracting more tourists and boosting the tourism industry.

Regional Connectivity: Cambodia’s railways can play a pivotal role in connecting neighboring countries and promoting regional trade. It can serve as an essential part of the ASEAN railway network, opening up new trade routes and economic opportunities.

Prime Minister Manet’s vision of an integrated transportation system that includes railways holds immense potential for Cambodia. While addressing the need to expedite studies into upgrades to the Phnom Penh to Preah Sihanouk railway line, it’s essential to recognize the broader benefits that railways bring to the nation. By investing in railway infrastructure and modernization, Cambodia can foster economic growth, protect the environment, improve safety, and enjoy numerous other advantages that will shape the country’s future for the better.

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Cambodia railwaysCost savingseconomic growthEconomic integrationEnvironmental sustainabilityGreen transportationinvestmentJob creationLogisticsPhnom Penh to Preah Sihanouk railwayRail networkRail transportRailway modernizationReduced road congestionRegional connectivityRegional trade hubSafer transportationTourism developmentTrade routesTransportation infrastructure
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Angkor Times
Angkor TimesExperienced
Asked: September 15, 2023In: Make Money

How Cross-Border Payments Can Benefit Cambodians

“Cross Border Payments, A Boon for Cambodians”. Here are some of the key points: The growth of digital payments in Cambodia has been significant in recent years, driven by the COVID-19 pandemic and the launch of the Bakong payment ...Read more

“Cross Border Payments, A Boon for Cambodians”. Here are some of the key points:

  • The growth of digital payments in Cambodia has been significant in recent years, driven by the COVID-19 pandemic and the launch of the Bakong payment app by the National Bank of Cambodia (NBC).
  • The Bakong app is a centralized payment system that allows users to make and receive payments, transfer money, and pay for goods and services. It is supported by 70 financial institutions in Cambodia.
  • The KHQR (Khmer riel Quick Response) payment system is a QR code-based payment system that is also supported by the Bakong app. It allows users to make payments by scanning QR codes at merchants.
  • The NBC has also built payment system infrastructures with Thailand, Malaysia, Laos, and Vietnam to facilitate more efficient cross-border payments.
  • These developments are expected to boost trade, investment, tourism, and remittances in Cambodia.

Here are some of the benefits of cross-border payments for Cambodians:

  • They can make and receive payments more easily and conveniently.
  • They can save on fees associated with traditional cross-border payments.
  • They can access a wider range of financial services.
  • They can participate more easily in the global economy.

The growth of cross-border payments is a positive development for Cambodia. It has the potential to boost the economy and improve the lives of people.

In addition to the points mentioned in the article, I would also add that cross-border payments can help to reduce poverty and inequality in Cambodia. By making it easier for people to send and receive money, cross-border payments can help to support families and businesses in rural areas. They can also help to connect people with opportunities in other countries.

How Cross-Border Payments Can Benefit Cambodians
How Cross-Border Payments Can Benefit Cambodians
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Bakong appBakong payment appcambodiacross-border paymentsdigital paymentseconomic developmentenhanced tourismenhanced trade and investmentfinancial inclusioninequalityinvestmentKHQRmigrant workerspovertyremittancestourismtrade
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aalan
Angkor Times
Angkor TimesExperienced
Asked: January 6, 2021In: Make Money

What is Land Banking Strategy?

Land Banking is an investment strategy to buy vacant or undeveloped land, then sell or develop it at any time when the opportunity arises. Most investors do not consider such investments as they are unlikely to increase their income or ...Read more

Land Banking is an investment strategy to buy vacant or undeveloped land, then sell or develop it at any time when the opportunity arises. Most investors do not consider such investments as they are unlikely to increase their income or benefit from it. Land Banking is an effective strategy today.

What is Land Banking

The Land Banking strategy was developed 500 years ago by John Jacob Astor, who became the first billionaire in the United States.

John Jacob Astor bought a lot of land in Manhattan, New York, while no one was interested in the opportunity. John Jacob Astor His net worth reached $ 110.1 billion in 2006, making him the fourth richest person in American history.

Investing in Land Banking requires investors to be very patient and wait for opportunities as most people want to invest with immediate results. And this investment also needs to know the market and development trends to avoid risk.

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investing in land bankinginvestmentland bankingland banking strategy
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SOVANN
SOVANNExperienced
Asked: December 9, 2020In: Make Money

Why Investment is Important?

Investment is a contract between a foreign investor and a Cambodian investor in any territory by prior agreement, wherever, in accordance with the law and Provisions of the Contracting Party. Read more

Investment is a contract between a foreign investor and a Cambodian investor in any territory by prior agreement, wherever, in accordance with the law and Provisions of the Contracting Party.

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boost the national economyforeign investor in cambodiainvesting in cambodiainvestmentnational economic development
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Anonymous
Anonymous
Asked: November 15, 2020In: Make Money

What are the benefits of macroeconomic policy?

Macroeconomics is a study that focuses on the economy of a country as a whole, as opposed to microeconomics focusing on individuals, families, or individual companies. Macroeconomists have developed models to explain national income, products, spending, unemployment, inflation, savings, investment, ...Read more

Macroeconomics is a study that focuses on the economy of a country as a whole, as opposed to microeconomics focusing on individuals, families, or individual companies. Macroeconomists have developed models to explain national income, products, spending, unemployment, inflation, savings, investment, international trade and finance. International.

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inflationinvestmentmacroeconomic policiesmacroeconomicssavingsunemployment
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