Economy and Finance
Battambang Province Flourishes with Over 700 Enterprises, Generating 150,000 Jobs
Battambang province boasts a thriving economic landscape, with more than 700 enterprises and 17 factories contributing to the employment of nearly 150,000 individuals as of the first quarter of 2024, according to official data reported by AKP Battambang on 29 March 2024, the province’s economic vitality is underscored by its diverse industrial sectors, including agricultural […]
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Cambodia’s Exports to Korea Skyrocket, Surging 2048% in 2023
In a remarkable surge, Cambodia’s exports to the Republic of Korea soared to US$26.21 million in 2023, marking a staggering increase of 2048% compared to the previous year’s US$1.22 million. This substantial growth underscores the robust trade relationship between the two nations, facilitated by the CKFTA agreement. The data, disclosed by the spokesperson of the […]
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Singapore Emerges as Top Cross-Border Investor in Asia Pacific Real Estate in 2023
Singaporean investors took the lead as the most prolific cross-border investors in the Asia Pacific region in 2023, surpassing their American counterparts. Their investment amounted to approximately US$8.3 billion ($11.1 billion), exceeding the US$7.3 billion invested by US investors during the same period, as reported by MSCI Real Assets on 27 February 2024. Notably, Singaporean […]
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Cambodia’s Exports Surge to Nearly US$12bn Under New Government within Six Months
Cambodia’s export trade has soared to impressive heights under the leadership of the new government, with a remarkable trade volume of US$11.8 billion recorded from September 2023 to February 2024. This figure reflects a substantial increase of 16.57% compared to the corresponding period last year. PM Samdech Hun Manet disclosed these statistics during the plenary […]
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China’s Property Investment Sees 9% Decline in First Two Months, Still Down but Slower than 2023
Property investment in China witnessed a 9% year-on-year decline in the first two months of 2024, a notable improvement from the 24% fall recorded in December 2023, according to data from the National Bureau of Statistics (NBS). Similarly, property sales by floor area experienced a 20.5% slide in January-February compared to a year earlier, showing […]
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SSEZ Records 38% Surge in Trade Volume, Reaching US$628m in Two Months
In a remarkable surge of economic activity, the Sihanoukville Special Economic Zone (SSEZ) has reported a staggering trade volume of US$628 million in the first two months of 2024, marking a significant 38.3% increase compared to the corresponding period last year. This notable achievement underscores the SSEZ’s pivotal role as a thriving hub for international […]
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China’s Minister of Housing: No Bailouts for Struggling Developers, Some Property Developers Can Go Bankrupt If Necessary
In a pivotal move to address the enduring crisis in China’s real estate sector, the government has unequivocally rejected the rescue of financially beleaguered property developers, emphasising the adherence to market laws and principles. The announcement, reported by NBC New York on 11 March 2024, underscores China’s commitment to rectifying the real estate market’s dysfunction […]
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Chinese Investment in ASEAN Reaches US$20 billion, up 37%, Cambodia Can Absorb Approx. 16%
Chinese investment in Southeast Asia has surged to nearly US$20 billion, marking a substantial 37% increase from the previous year, according to a report jointly conducted by Griffith University and Fudan University. Published by Thailand-business-news on 11 March 2024, the report underscores the resilience and strategic growth of Chinese investment in the region, particularly in […]
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Funan Techo Canal Development: Shifting Economic Currents in Southeast Asia
The ambitious Funan Techo Canal project aims to forge a direct link between the Phnom Penh Autonomous Port and the seaport of Kep province through a monumental canal—the largest in Cambodian history. With dimensions boasting a width of 100 metres and a depth of 5.4 metres, the canal is primed to accommodate cargo ships of […]
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Cambodia’s Robust Trade Performance: Exceeding US$8bn in Two Months, Marking Nearly 20% Growth
In the initial two months of 2024, Cambodia’s international trade volume surged to over US$8 billion, registering a notable increase of nearly 20% compared to the corresponding period in 2023, as per the provisional report from the General Department of Customs and Excise of Cambodia. The report reveals that from January to February, Cambodia’s exports […]
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