Cambodia’s Trade Volume with RCEP Surges to Nearly $23 Billion in 8-Month Period, Up 17%
Cambodia’s trade relations with the Regional Comprehensive Economic Partnership (RCEP) witnessed substantial growth in the first eight months of 2024, reaching an impressive USD 22.92 billion, a 17.2% increase compared to the USD 19.55 billion recorded during the same period last year. This spike in trade highlights Cambodia’s deepening economic integration with RCEP member countries, […]
Malaysia Completes the World’s 2nd Tallest 678.9-metre Merdeka Skyscraper Amid Concerns Over Demand
Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the […]
Cambodia’s Construction Material Imports Surge to USD 1 Billion, a 21% increase 8 Months of 2024
Cambodia’s import of construction materials hit USD 1.063 billion in the first eight months of 2024, marking a 21.58% increase compared to the same period last year. Despite this significant rise, the country’s construction sector is expected to experience a slower recovery, as highlighted by a recent report from both the General Department of Customs […]
PPAP Port Collects Over USD 27 Million in Eight Months, Marking a 15% Growth
In a remarkable performance, Phnom Penh Autonomous Port (PPAP) collected more than USD 27 million in revenue during the first eight months of 2024, reflecting a 15% increase compared to the same period last year. This boost, driven primarily by port operations and services, showcases the port’s robust contribution to Cambodia’s growing economy, as confirmed […]
Cambodia’s EV Market on the Rise with Nearly 4K EVs and 21 Charging Stations by August 2024
By August 2024, Cambodia recorded 3,676 registered electric vehicles (EVs) and established 21 EV charging stations nationwide, underscoring the country’s growing commitment to the electric mobility sector. HE Peng Po Nea, Minister of Public Works and Transport, disclosed this data during the National Policy Dissemination Workshop on Electric Vehicle Development 2024-2030, held on 18 September […]
Cambodia Sees 59% Surge in Iron and Steel Imports, Totalling Over USD404M in 2024
Cambodia’s iron and steel imports soared by 59.2% in the first eight months of 2024, with the country importing more than USD404 million worth of these materials, a substantial increase from just over USD254 million during the same period in 2023. These figures were reported by the General Department of Customs and Excise on 10 […]