Business and Market
HE Sok Siphana: China to Increase Investment with Cambodia in 2024
A promising outlook for Cambodia-China economic and trade cooperation in 2024 has been painted by Sok Siphana, senior minister and Chairman Emeritus of the Board of Directors of the Asian Vision Institute. Mr Sok envisions a year of deeper collaboration, emphasising that the steadily increasing bilateral trade and investment volumes between the two nations will […]
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Thailand’s Visionary Leap: US$8.8bn ‘Eastern Aviation City’ Set to Soar in Easter Provinces
In a groundbreaking venture, Thailand is poised to construct the ambitious ‘Eastern Aviation City,’ a cutting-edge transportation hub set to revolutionize the nation’s east coast. With a staggering budget of US$8.8 billion, this transformative project encompasses the expansion of U-Tapao International Airport and the birth of Eastern Airport City, marking it as Thailand’s most expansive […]
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Cambodia-Hungary Economic Ties Surge, Reaching Nearly US$8m in the First 11 Months of 2023
In a promising testament to the deepening economic collaboration between Cambodia and Hungary, bilateral trade volume for the first 11 months of 2023 soared to approximately US$7.7 million. This robust figure reflects a notable 9.5% increase compared to the corresponding period in 2022, underscoring the resilience and growth potential of the partnership. The encouraging data […]
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OCIC Group Partners with Global Giants to Elevate Techo International Airport’s Duty-Free Experience
OCIC Group, a pioneering force in Cambodia’s infrastructural development, has announced a landmark collaboration with Lagardère Travel Retail and HSC Group for the management of duty-free services at the upcoming Techo International Airport. Unveiled during Cambodian Prime Minister Hun Manet’s official visit to France, this strategic alliance aims to redefine the airport retail experience and […]
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Cambodia’s Construction Material Imports Surpass US$1.3bn in 2023
Cambodia’s construction sector continues its upward trajectory as the nation imported construction materials worth a notable US$1.33 billion in 2023, marking a modest increase from the previous year. The report released by the General Department of Customs and Excise reveals a 0.33% uptick in the import value of construction materials compared to the 2022 figure […]
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VinFast Accelerates Global Expansion with US$2bn Investment Plan in India
In a strategic move to penetrate the dynamic Indian automobile market, Vietnamese electric vehicle manufacturer VinFast Auto Ltd. has inked a landmark agreement with the southern state of Tamil Nadu, outlining a substantial investment of up to US$2 billion. This visionary step places VinFast at the forefront of India’s burgeoning electric vehicle landscape, aiming to […]
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Cambodia’s Steel Import Surges: Reaches US$372m in 2023
In a robust display of economic activity, Cambodia witnessed a notable surge in iron and steel imports, totaling an impressive U$372 million in 2023. This marks a substantial 3.5% increase compared to the figures recorded in 2022, signifying a thriving demand for steel products within the nation. According to a report released by the General […]
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Six Chinese Firms Eye Cambodia’s Cashew Potential for Green Energy Revolution
In a groundbreaking development for Cambodia’s agro-industrial landscape, six prominent Chinese companies have expressed keen interest in establishing cashew processing plants in the country, with a unique focus on transforming cashew shells into Cashew Nut Shell Liquid (CNSL). This revelation comes from the Cashew Nut Association of Cambodia (CAC), adding a promising chapter to the […]
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Bentley Systems Wins Three Top Honors at the 2023 Construction Computing Awards
Bentley Systems, Incorporated the infrastructure engineering software company, today announced that it won in three categories at the 2023 Construction Computing Awards. Based on readers’ selections in an online poll, a panel of industry-expert judges made the final decisions. The judges chose Bentley’s ProjectWise as “Collaboration Product of the Year 2023.” As Bentley’s flagship application […]
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CBRE’s Head of Research Hints Real Estate Market Recovery Time
Investment caution is rippling through the Asia-Pacific real estate market, from Singapore to South Korea, as investors tread carefully amidst concerns over rising interest rates and geopolitical instability. Market data from JLL, a leading commercial real estate and investment management company, reveals a 22% year-on-year decline in commercial real estate investment activity in the Asia-Pacific […]
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