ADB Approves USD50 Million Loan to Elevate Cambodia’s SME Sector
In a significant boost to Cambodia’s economy, the Asian Development Bank (ADB) has approved a loan of approximately USD50 million to enhance the business environment for micro, small, and medium-sized enterprises (MSMEs) in the country. The initiative, highlighted in a recent press release, is designed to promote competitiveness and reduce trade barriers within Southeast Asia. […]
Daikin Expands Operations in Cambodia, Boosting Local Economy
Japanese air conditioning giant Daikin has inaugurated its expanded operations in Cambodia, showcasing growing investor confidence in the nation’s economy. The ceremony, led by HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, marks a key milestone for both the company and Cambodia’s industrial sector. Minister Hem Vandy highlighted that Daikin currently supports over […]
Arabic Firm DP World Explores Investment Opportunities in Cambodia’s Transport and Industrial Sectors
DP World, a global leader in logistics and transport based in the UAE, has expressed strong interest in investing in Cambodia’s transport infrastructure and industrial park development, marking a pivotal step for the Kingdom’s economic future. The announcement came during a meeting between PM Hun Manet and His Excellency Sultan Ahmed Bin Sulayem, Chairman of […]
Cambodia Achieves Record Cashew Production of 840K Tons in 2024
Cambodia’s cashew industry has witnessed remarkable growth, with 840,000 tons of cashew nuts produced in the first ten months of 2024, marking a 26% increase compared to the same period last year. This significant milestone, announced by Mr. Uon Siloth, President of the Cambodian Cashew Association, reflects the sector’s growing importance in the nation’s agricultural […]
Cambodia’s Mining Sector Attracts USD 2.764 Billion Investment Across 555 Licensed Operations
Cambodia’s mining sector continues to expand, with 555 registered mining licenses now active under the Ministry of Mines and Energy, driving a total investment of USD 2.764 billion and creating approximately 11,306 jobs. The Ministry highlighted this significant growth during its annual meeting on 21 November 2024, underscoring the sector’s vital role in national economic […]
Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth
Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]