PPAP Marks Robust Growth with 7% Revenue Increase, More than US$8 million, 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 April 29, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, […]
Cambodia-China Bilateral Trade Surges to US$10 Billion, 4.6% Up, in the 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 […]
Cambodia’s Furniture Market Set to Surge from $100 Million to Over $1 Billion by 2033
The Cambodian furniture market, though relatively small, is primed for substantial expansion in the coming years, with exports projected to soar to $1.484 billion by 2033, as outlined in “The Cambodia Furniture Industry Research Report 2024-2033” published by finance.yahoo on April 17, 2024. Despite a slight downturn in 2023, Cambodia’s furniture manufacturing sector has exhibited […]
Construction Material Imports Surge nearly US$350 million in Q1 2024, Reflecting Cambodia’s Booming Construction Sector
In the first quarter of 2024, Cambodia witnessed a remarkable surge in its construction sector, as imports of construction materials soared to an impressive US$349 million, marking a significant increase of 22.24 percent compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth […]
Chinese Developer Shimao Faces Liquidation Order Over US$200Mil Loan
Chinese property developer Shimao Group is facing a liquidation petition filed by China Construction Bank (Asia) over a financial obligation of HK$1.6 billion (US$204 million), according to the company’s statement released on Monday and updated by Business Times Apr 8, 2024. In a filing to the Hong Kong Stock Exchange, Shimao Group announced its intention […]