Economy and Finance
Banteay Meanchey’s Thriving Industrial Sector Employs Nearly 30,000 Workers in 2,000 Businesses
Banteay Meanchey province has established industrial parks, special economic zones, and handicraft businesses with a total number of 2,000 collectively creating employment for nearly 30,000 people. According to HE Oum Rath, Governor of Banteay Meanchey, during a statement on 20 August 2024, the province is home to five special economic zones, of which three are […]
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Phnom Penh Autonomous Port Sees Significant Growth with Over 250 TEUs, 14% Increase, in First Half of 2024
In the first seven months of 2024, Phnom Penh Autonomous Port (PPAP) reported a notable increase in activity, handling over 250,000 TEUs (Twenty-foot Equivalent Units) of containers, reflecting a 14.94% rise compared to the same period in 2023. This surge in volume underscores the port’s growing importance in regional trade, according to the data released […]
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Cambodia Welcomes Over 460k Chinese Tourists in Seven Months, Marking a 45% Increase
In the first seven months of 2024, Cambodia saw a significant boost in tourism with 463,980 Chinese tourists visiting the country, representing a 45.6% increase from the same period last year. This surge in visitors highlights the growing appeal of Cambodia as a travel destination for Chinese tourists, who now make up 12.4% of the […]
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South Korea & Japan Lead Indo-Pacific Supply Chain Crisis Response Initiative
In a significant move to safeguard the Indo-Pacific region’s supply chains, South Korea and Japan have taken the lead in establishing a crisis response network under the Indo-Pacific Economic Framework (IPEF). Announced by the South Korean government on 20 August, this network aims to ensure that member nations maintain access to vital supplies during emergencies, […]
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Laos Launches Gold Bank to Strengthen Financial Stability & Support Lao Kip
Laos is set to launch its first Gold Bank next month, an initiative aimed at bolstering gold reserves and enhancing the financial stability of the Lao Kip. The establishment of the “Lao Bullion Bank” is a result of a recent agreement between the Lao Ministry of Finance and PTL Holding Co., Ltd., with the full […]
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Cambodia-Vietnam Trade Volume Surges to US$4.6bn in First Seven Months of 2024
In a significant boost to bilateral trade, Cambodia and Vietnam recorded a trade volume of US$4.6 billion between January and July 2024, reflecting a 23.5% increase compared to the same period last year. This data was revealed by the General Department of Customs and Excise of Cambodia on 16 August 2024. Cambodia’s exports to Vietnam […]
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Cambodia’s Trade Volume Surges to Over US$31bn in First Seven Months of 2024, Reflecting 15% Growth
In the first seven months of 2024, Cambodia’s international trade volume soared past US$31 billion, reflecting a robust 15% growth compared to the same period in 2023. This significant increase underscores the nation’s expanding trade activities, as currently highlighted by the General Department of Customs and Excise of the Ministry of Economy and Finance. During […]
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Thailand Changes Strategy to Attract Chinese Investors, Extends 99-year Lease & 75% of Condo Ownership to Foreigners
Chinese investors are rapidly increasing their presence in Thailand’s property market, with over 100 billion baht invested in key economic cities over the past 15 years, according to Property DNA and updated by The Star on 06 August 2024. This trend is expected to accelerate further as the Thai government considers extending the leasehold period […]
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India Secures Fifth Spot in Asia Pacific Real Estate with US$3bn in Cross-Border Investments
India has emerged as the fifth largest recipient of cross-border real estate investments in the Asia Pacific region, attracting US$3 billion in the first half of 2024. This substantial inflow of global capital, constituting 9% of the region’s total investment volume, underscores India’s growing prominence in the international real estate market, according to Businesstoday, published […]
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Japanese Companies Pull Out of China as Vietnam Becomes Next Destination
Japanese companies are becoming increasingly cautious about operating in China, as supply chain risks, anti-espionage legislation, and rising geopolitical tensions create an uncertain environment. A recent survey by Teikoku Databank reveals that the number of Japanese companies in China has decreased by 9.4% since its peak in 2012, with 13,034 businesses currently operating in the […]
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