Asian countries do business with China, lose more than profit, but still can not leave China
In a significant turn of events, the United States has surpassed China as the premier export destination for South Korea and Taiwan, marking a pivotal shift in Asia’s trade landscape. This development, observed in December, underscores a broader trend where Asian economies are exporting less to China as a percentage of their total exports, while […]
Cambodia and Korea Strengthen Trade Ties with $751 Million Volume and New Six MoUs
Cambodia and South Korea reaffirmed their strong trade partnership with a bilateral trade volume reaching US$751 million in 2023 and the signing of six Memoranda of Understanding (MoUs) on 16 May 2024. The MoU signing ceremony, presided over by Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol in Seoul, signifies a […]
Cambodia’s Trade Surges: Exports and Trade Volume Reach Record Highs
Cambodia has witnessed a remarkable surge in its trade volume and exports during the first four months of 2024, with trade volume exceeding US$16 billion, marking an impressive growth of nearly 12 percent. This growth trend was paralleled by a corresponding rise in exports, also reaching nearly 12 percent. The Minister of Commerce, Lok Chumteav […]
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 […]
Phnom Penh Unveils ASEAN-International Business Center: A New Era for Vegetable Wholesale Market
Marking a significant milestone in the agricultural and real estate sectors of Cambodia, the ASEAN-International Business Center, also known as Phsar Doeum Kor Thmey, commenced operations on 27 April 2024. Situated in Sangkat Kork Roka, Khan Prek Pnov, this expansive 20-hectare development on Boeung Ta Mok land is now the largest international vegetable wholesale market […]
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, […]