Japanese Companies Pull Out of China as Vietnam Becomes Next Destination
Japanese companies are becoming increasingly cautious about operating in China, as supply chain risks, anti-espionage legislation, and rising geopolitical tensions create an uncertain environment. A recent survey by Teikoku Databank reveals that the number of Japanese companies in China has decreased by 9.4% since its peak in 2012, with 13,034 businesses currently operating in the […]
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Foreign Investors Turn Cautious as China’s Real Estate Market Faces Challenges
Amid growing uncertainty in China’s real estate market, foreign investors are becoming increasingly selective, with many shying away from commercial properties, according to Asia.nikkei dated 05 August 2024. In the first half of 2024, cross-border deals in China’s commercial real estate sector dropped by 13% year-on-year, totalling US$3.3 billion. This downturn reflects broader concerns about […]
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Cambodian Gov’t Secures US$438m in Grants & Concessional Loans for 13 Development Projects in H1 2024
In the first half of 2024, the Cambodian government secured US$438 million in grants and concessional loans to finance 13 critical development projects and programs. This substantial funding includes nine grant agreements amounting to US$124 million, alongside four concessional loan agreements totalling approximately US$313 million. The Ministry of Economy and Finance reported that these funds […]
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ASEAN FDI Soars to US$224bn, Cambodia Captures US$3.96bn Ranking 7th
ASEAN’s attractiveness as a stable, rapidly growing market has propelled foreign direct investment (FDI) inflows to unprecedented heights, with the region securing an all-time high of US$224 billion in 2022. This investment surge, driven by ASEAN’s burgeoning population and increasing income levels, is also a result of the region’s strategic advantage as a key recipient […]
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Cambodia Collects Nearly US$3bn in Tax Revenue in H1 2024, Reaching 46% of Annual Target
In the first half of 2024, the Cambodian government collected an impressive US$2.909 billion in tax revenue, achieving 46% of the annual target set for the year. According to a report by the Ministry of Economy and Finance on the implementation of the 2024 budget, customs revenue contributed over US$1.2 billion, or 44% of the […]
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ASEAN-China Trade Surpasses US$500bn in First Seven Months of 2024
In the first seven months of 2024, trade between ASEAN and China surged to an impressive 3.92 trillion yuan (US$546.6 billion), marking a 10.5 % year-on-year increase, according to statistics from the Chinese Customs Administration released by Cambodia’s Ministry of Information on 9 August 2024. This remarkable growth underscores the deepening economic ties between the […]
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Cambodian Cement Production Surges to Over 4m Tons in First Half of 2024
Cambodia’s cement industry achieved a significant milestone in the first half of 2024, with local factories producing an impressive 4.17 million tons of cement. This represents a 5.5% increase compared to the 3.95 million tons produced during the same period last year, as reported by the Ministry of Economy and Finance. Despite a sluggish recovery […]
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Rapid Population Growth Threatens 17 Ancient Khmer Temples by 2030
A new study by foreign researchers has revealed that by 2030, 17 ancient Khmer temples in the Angkor resort area will be severely impacted by rapid population growth. This alarming prediction was shared during a consultation on the “Management of Angkor World Heritage Site” in Siem Reap, attended by nearly 800 participants and chaired by […]
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Chinese Firm Explores Investment in Cambodian Fresh Fruit Processing Plant
DOMI Biotechnology Co., Ltd. from China is exploring the possibility of establishing a fresh fruit processing plant in Cambodia, with a focus on durians and coconuts. This development follows a high-level meeting on 12 August 2024 between HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Wan Yanhu, President of DOMI Biotechnology […]
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Stung Treng Authorities Crack Down on Illegal Land Occupation in Prey Lang Wildlife Sanctuary
The Stung Treng Provincial Authority has initiated decisive action to reclaim illegally occupied land within the Prey Lang Wildlife Sanctuary, a vital conservation area in Cambodia. The Stung Treng Provincial Department of Environment announced the confiscation of unlawfully held forest land in the Kiri Soksan and Anlong Chrey communities within Anlong Chrey commune, Thala Parivat […]
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Chery Holding Group Eyes Investment in Cambodia’s Automobile & Auto Parts Industry
Chery Holding Group, a leading Chinese conglomerate, has expressed a strong interest in investing in Cambodia’s burgeoning automobile and auto parts industry, with ambitions to serve domestic, regional, and international markets. This potential investment was highlighted during a meeting between Xu Hui, Deputy General Manager of Chery Holding Group Co., Ltd, and Cambodian Prime Minister […]
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Cambodian Gov’t Establishes Smart City Development Steering Committee
In a decisive move towards urban innovation, the Cambodian government has formed a Smart City Development Coordinating and Steering Committee, underscoring its commitment to future-ready urban planning. The committee, established by a decision issued by PM Samdech Thipadei Hun Manet on 8 August 2024, is tasked with guiding the nation’s smart city initiatives, reflecting Cambodia’s […]
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