These four months of 2024, Cambodia has reported an increase in its trade volume and exports

The country achieved a trading volume of over US$16 billion, which is an increase of nearly 12 percent, while the exports also rose by nearly 12 percent. The Minister of Commerce, Lok Chumteav Chamnimol, shared this news during the opening ceremony of the “Cambodia International Trade Fair 2024” on May 10 at the Koh Pich […]

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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Cambodia’s Furniture Market Set to Surge from US$100m to Over US$1bn by 2033

The Cambodian furniture market, though relatively small, is primed for substantial expansion in the coming years, with exports projected to soar to US$1.484 billion by 2033, as outlined in “The Cambodia Furniture Industry Research Report 2024-2033” published by finance.yahoo on 17 April 2024. Despite a slight downturn in 2023, Cambodia’s furniture manufacturing sector has exhibited […]

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Construction Material Imports Surge nearly US$350m 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% compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth and […]

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Chinese Developer Shimao Faces Liquidation Order Over US$200m 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 on 8 April 2024. In a filing to the Hong Kong stock exchange, Shimao Group announced its […]

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