Angkor Ticket Sales Propel Cambodia’s Tourism Revenue to New Heights With US$19.9m Revenue in 4 Months
Ticket sales for Angkor Wat have generated an impressive revenue of US$19,917,533 in the first four months of 2024. This substantial income surge, marking a 41.95% increase compared to the same period in 2023, underscores the enduring allure of Angkor Wat as a premier tourist destination. The report, released by the Angkor Institute on 1 […]
SHV’s Poverty Rate Drops to 1.68% Amidst Robust Economic Growth in 2023
Amidst a surge in economic prosperity, Sihanouk Province witnessed a notable decrease in its poverty rate, plummeting to 1.68% in 2023. This remarkable achievement stems from the province’s robust economic growth, which soared to 6.4% during the same period. These encouraging figures were unveiled by HE Long Dimanche, Deputy Governor of Preah Sihanouk Provincial Board […]
SHV Port Marks Remarkable Growth with 240K TEUs of container, a 23% Increase in Container Traffic in Early 2024
In the first quarter of 2024, the Sihanoukville Autonomous Port witnessed a significant surge in its operational capacity, handling 240,000 Twenty-Foot Equivalent Units (TEUs) of containers. This marks an impressive increase of more than 23% compared to the corresponding period in 2023. The announcement was made by His Excellency Peng Po Nea, Minister of Public […]
PPAP Marks Robust Growth with 7% Revenue Increase, More Than US$8m, in Q1 2024
The Phnom Penh Autonomous Port (PPAP) has reported a significant revenue increase of 7% in the first quarter of 2024, totalling US$8,064,657, as compared to the corresponding period in 2023. This financial uplift, detailed in a press release dated 12 April 2024, the port’s growing economic influence in the region. A breakdown of the earnings […]
Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge
In a strategic move driven by Cambodia’s robust economic growth and burgeoning market potential, the renowned bakery chain Tous Les Jours has announced its comeback to Phnom Penh after a year-long hiatus. Reported by Maeil Business News Korea on 29 April, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, […]
Cambodia-China Bilateral Trade Surges to US$10bn, 4.6% Up, in First 10 Months of 2023
Cambodia’s trade with China flourished in the first 10 months of 2023, with bilateral trade volume reaching an impressive US$10 billion, marking a notable 4.6% increase compared to the previous year. This announcement was made by National Assembly President Samdech Khuon Sodary during a productive working meeting with HE Zhang Qingli, Vice Chairman of the […]