Economy and Finance
Five Cement Plants in Cambodia Produce 4.6 million Tons of Cement in H1 2022
Five domestic cement factories in Cambodia produced 4.6 million tons of cement in the first half of 2022, contributing to cheaper construction costs in the kingdom. The Ministry of Mines and Energy released this figure at a press conference at the Government Spokesperson’s Unit on 09 August. The ministry did not reveal figures for the […]
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Government bond issuance is expected in August or September this year
The government is preparing to issue 1.2 trillion Riel (equivalent to US$300 million) government bonds in 2022 to raise capital from the stock market to develop the national economy. HE Meas Soksensan, Secretary-General, and spokesman for the Ministry of Economy and Finance stated that the government may issue the bond in August or September, while […]
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Gov’t Collects US$1.3bn in Tariffs in H1 2022, Construction Materials Account For US$80m
During the first six months of 2022, the Customs and Excise Department of Cambodia collected total import tax of approximately US$1.3 billion, an increase of 12% y-o-y. Among all, tariffs, those on construction materials and other fees accounted for approximately US$79.2 million, or equivalent to 6.1% of total tariff revenue. The figures were shared during […]
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Naga Corp Earns Net Profit of US$52 million in H1 2022
Hong Kong-listed NagaCorp Ltd, the operator of the casino resort monopoly in Phnom Penh, earned a total profit of US$52 million in the first half of 2022. The figures were mentioned in a filing dated 18 July to the Hong Kong Stock Exchange. The profit of US$52 million is a major increase compared to a […]
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NBC Forecasts Cambodia’s Economic Growth at 5.3% in 2022
The National Bank of Cambodia (NBC) has projected that Cambodia’s economic growth in 2022 will be at 5.3% which is higher than the previously estimated rate of just 3%. The growth is due to the global economic recovery and the rapid resumption of economic activity, which will be supported by the garment sector, tourism, agriculture, […]
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Cambodia Imports US$1.27 billion in Construction Materials in H1 2022
Imports of raw materials and construction materials to Cambodia were valued at US$1.27 billion in the first half of 2022, an increase of about 10% over the same period last year. A National Bank of Cambodia report showed that the import of construction materials ranks third after the import of raw materials for garments and […]
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Evergrande’s Headquarter on Tender to Settle Its Crippling Debt
The China Evergrande Group is calling for buyers to buy its US$1.7 billion Hong Kong headquarters, according to Nikkei Asia on 28 July 2022. CK Asset Holdings, founded by Hong Kong billionaire Li Ka-shing, has made a tender on China Evergrande Centre for US$1.7 billion, of which the price once has been on sale last […]
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Expert: Cambodia has Fastest Economic Growth in the World as GDP Grows 6.3% in 2022
Cambodia’s gross domestic product (GDP) will grow by 6.3% in 2022, which is one of the reasons why the country will become one of the fastest-growing economies in the world. This is according to Ivan Tan’s forecast and remarks on fibre2fashion on 25 July 2022. Cambodia’s GDP will expand by 6.3% this year, higher than […]
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NBC: Construction & Real Estate Contribute to Cambodia’s Economic Growth in 2022
The construction and real estate sectors are expected to contribute to Cambodia’s economic growth in 2022, according to a senior official of the National Bank of Cambodia. HE Chea Chanto, Governor of the National Bank of Cambodia, said that Cambodia’s economic growth is expected to reach around 5.3% in 2022. “Cambodia’s economic growth is optimistic […]
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More than 1,000 Unfinished Buildings in Sihanoukville
Long Dimanche, Deputy Governor of Sihanoukville Province, said on 14 July that the departure of Chinese investors due to the closure of online games and the COVID-19 crisis over the past three years has left unfinished constructions scattered in Sihanoukville. “At the meeting that day, we observed that new investors who want to invest, such […]
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