Economy and Finance
SHV Port Marks Remarkable Growth with 240K TEUs of Containers, a 23% Increase in Container Traffic in Q1 2024
In the first quarter of 2024, the Sihanoukville Autonomous Port witnessed a significant surge in its operational capacity, handling 240,000 Twenty-Foot Equivalent Units (TEUs) of containers. This marks an impressive increase of more than 23% compared to the corresponding period in 2023. The announcement was made by HE Peng Po Nea, Minister of Public Works […]
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PPAP Marks Robust Growth with 7% Revenue Increase, More Than US$8m, in Q1 2024
The Phnom Penh Autonomous Port (PPAP) has reported a significant revenue increase of 7% in the first quarter of 2024, totalling US$8,064,657, as compared to the corresponding period in 2023. This financial uplift, detailed in a press release dated 12 April 2024, the port’s growing economic influence in the region. A breakdown of the earnings […]
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Tous Les Jours Bakery Returns to Phnom Penh Amid Cambodia’s Economic Surge
In a strategic move driven by Cambodia’s robust economic growth and burgeoning market potential, the renowned bakery chain Tous Les Jours has announced its comeback to Phnom Penh after a year-long hiatus. Reported by Maeil Business News Korea on 29 April, a franchise agreement has been inked between CJ Foodville and global restaurant franchise EFG, […]
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Cambodia-China Bilateral Trade Surges to US$10bn, 4.6% Up, in First 10 Months of 2023
Cambodia’s trade with China flourished in the first 10 months of 2023, with bilateral trade volume reaching an impressive US$10 billion, marking a notable 4.6% increase compared to the previous year. This announcement was made by National Assembly President Samdech Khuon Sodary during a productive working meeting with HE Zhang Qingli, Vice Chairman of the […]
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Cambodia’s Furniture Market Set to Surge from US$100m to Over US$1bn by 2033
The Cambodian furniture market, though relatively small, is primed for substantial expansion in the coming years, with exports projected to soar to US$1.484 billion by 2033, as outlined in “The Cambodia Furniture Industry Research Report 2024-2033” published by finance.yahoo on 17 April 2024. Despite a slight downturn in 2023, Cambodia’s furniture manufacturing sector has exhibited […]
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Construction Material Imports Surge nearly US$350m in Q1 2024, Reflecting Cambodia’s Booming Construction Sector
In the first quarter of 2024, Cambodia witnessed a remarkable surge in its construction sector, as imports of construction materials soared to an impressive US$349 million, marking a significant increase of 22.24% compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth and […]
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Chinese Developer Shimao Faces Liquidation Order Over US$200m Loan
Chinese property developer Shimao Group is facing a liquidation petition filed by China Construction Bank (Asia) over a financial obligation of HK$1.6 billion (US$204 million), according to the company’s statement released on Monday and updated by Business Times on 8 April 2024. In a filing to the Hong Kong stock exchange, Shimao Group announced its […]
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World Bank Forecasts 4.6% Growth for Developing Asia in 2024, Despite China Declines from 5.2% to 4.4%
The World Bank has projected a growth rate of 4.6% for developing Asia-Pacific countries, excluding China, in 2024, as outlined in their recent economic report released and updated by Asia.nikkei on 1 April 2024. Despite China’s economy moderating to 4.5% from last year’s 5.2%, trade recovery is expected to drive growth in the region, surpassing […]
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2024 – Cambodia succeeds in its campaign to reduce the use of plastic because the volume of imports decreased by 75%
By the first quarter of 2024, the volume of plastic imports into Cambodia has decreased by about 75%, while this decrease shows that the implementation of the campaign to reduce the use of plastic in the past has been successful. This is according to the announcement of the Ministry of Environment on April 10, 2024. […]
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Cambodia’s 2024 Economic Outlook: Seasia Stats Projects 6.1%, Gov’t Forecasts 6.6%, WB Predicts 5.8%
Cambodia’s economy is set to achieve robust growth in 2024, with a forecasted expansion of 6.1%, marking the highest figure among ASEAN nations and placing it as the third-highest in Asia. This projection, updated by the Indonesian statistics institute Seasia Stats and reported by RFI on 7 April 2024, underscores Cambodia’s remarkable economic resilience and […]
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