Economy and Finance
Pursat Province Boasts 1,162 Operating Enterprises, Including 49 Mineral Resource Businesses
According to HE Khoy Rida, Governor of Pursat province, as of 7 March 2023, Pursat province has a total of 1,162 commercial enterprises operating in the province. These enterprises comprise 292 private companies, 482 sole proprietorships, enterprises and 388 business subsidiaries. HE Khoy Rida also highlighted that Pursat province is home to 10 rice mills […]
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Nearly 700 Factories, Enterprises & Handicrafts Operating in Takeo Province in Sign of Economic Development
Takeo province, located in southern Cambodia, is home to nearly 700 small and medium enterprises and handicrafts, according to HE Ouch Phea, Governor of Takeo province at a press conference on “Success in the past 5 years of Takeo Provincial Administration” on 2 March 2023. The governor emphasised that, in addition to agriculture, industry is […]
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Asia-Pacific GDP Forecast to Grow Slowly in 2023, Drop to 2.9% Growth in 2024
The Asia-Pacific region’s economy is expected to experience slow growth in 2023, according to a report from an Asia-Pacific Economic Cooperation (APEC) research unit. The report forecasts that the region’s GDP will expand by 3.1% this year before dropping to 2.9% growth in 2024, due to downside risks continuing to pressure recovery. “The enduring pandemic, […]
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Cambodia’s Industrial Sector Begins to Bounce Back Post Pandemic
Cambodia’s industrial sector has continued to show promising growth, with 1,982 manufacturing factories operating in 2022 and producing a total output of $15,834 million. This represents an impressive 83% increase from the previous year. HE Cham Prasidh, Senior Minister and Minister of Industry, Science, Technology and Innovation, revealed these figures at the annual meeting to […]
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20% Property Insurance Premiums Increase Reflects Growing Demand for Property Insurance in Cambodia
In a recent report released by the Insurance Regulator of Cambodia, it has been revealed that property insurance premiums are set to rise by 20% in 2022. The total premium for property insurance is estimated to reach approximately US$45 million, indicating a significant increase from the previous year. The general insurance sector in Cambodia covers […]
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In Four Months, PP-SHV Expressway Generated Almost US$11 Million
The Phnom Penh-Sihanoukville Expressway earned almost US$11 million in the first four months since the start of traffic charging on 1 November 2022 to 28 February 2023, according to the Ministry of Public Works and Transport. The ministry further announced that it is continuing to work with operators to enhance the provision of expressway services […]
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Raw material processing industry in Cambodia attracts more investors
Cambodia Prime Minister Samdech Hun Sen said that the agricultural processing industry is catching momentum both for local and foreign investors while also helping increase value-added and high-quality supply to local markets and export. At the graduation ceremony for students of the National Polytechnic Institute of Cambodia on February 27, PM Hun Sen said that […]
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Cambodia-Vietnam Kaam Samnor-Vinh Xuong border checkpoint officially opened
Cambodia and Vietnam jointly inaugurated the Kaam Samnor-Vinh Xuong international border gate. Held on 23 February, the opening ceremony was presided over by HE Nop Dara, Deputy Governor of Kandal Province. HE Nop Dara thanked Vietnam for its efforts to establish the Vinh Xuong land border to align with Cambodia’s Kaam Samnor located in Leuk […]
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Cambodia’s air passengers in January 2023 increase almost 700% y-o-y
As of January 2023, Cambodia receives more than 400,000 passengers at Phnom Penh, Siem Reap and Sihanoukville International Airports, an increase of nearly 700% compared to the same period in 2022. According to HE Sin Chansereivutha, spokesperson at the State Secretariat of Civil Aviation (SSCA), the total number of passengers arriving at the three international […]
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China to Help Accelerate Establishment of Economic Corridors in Cambodia
China has pledged to help Cambodia establish two more major economic corridors, including the “Industrial Development Corridor with Sihanoukville as its centre” and the “Fish and Rice Corridor in the Northwest region”. HE Wang Wentian, Chinese Ambassador in Cambodia, said on 16 February that China is willing to provide assistance to build the two projects […]
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