Economy and Finance
Thai PM Calls for Higher Wages & Diverse Incentives for Foreign Investments In ASEAN
Thai Prime Minister Srettha Thavisin has called on leaders of other ASEAN countries, including Malaysia and Cambodia, to work together to find ways to raise minimum wages and propose changes to foreign investment incentives, according to Thailand Business News on 22 January 2024. Speaking at the World Economic Forum in Davos, PM Thavisin emphasized the […]
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While China-Western Trade Tension Increases, China-ASEAN Trade Increases, with US$616bn Surge Projected
In the face of persistent trade tensions and escalating barriers between China and the West, a new analysis by Boston Consulting Group (BCG) forecasts a substantial surge in trade between China and the Association of Southeast Asian Nations (ASEAN). According to a zawya.com report on 9 January 2024, this burgeoning economic partnership is poised to […]
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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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Cambodia & France Ink Six Pivotal MOUs for Economic Advancement
In a groundbreaking move set to elevate economic collaboration between Cambodia and France, six crucial Memorandums of Understanding (MOUs) were recently signed, heralding a new era of strategic partnership. The signing ceremony unfolded under the esteemed presidency of Samdech Hun Manet, Prime Minister of Cambodia, during his official visit to Paris from 13 to 19 […]
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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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UN Predicts Global Economy Down to 2.4% in 2024, Inflation Rises to Above 10% for Developing Countries
In a pivotal economic report, the United Nations projects a slowdown in global economic growth to 2.4% by 2024, down from the estimated 2.7% in 2023, underscoring challenges surpassing earlier expectations. Both figures remain below the pre-pandemic 3% growth rate prevalent before the 19-year epidemic in 2020, according to VOA on 9 January 2024. The […]
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Cambodia’s Coastal Wealth: Minister of Land Envisions $2 Billion Annual Contribution
In a visionary statement, His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction (MLMUPC), revealed the immense economic potential of the Cambodian Sea, projecting a substantial annual contribution of approximately US$2 billion to the nation. The declaration came during a pivotal meeting on 8 January 2024, convened […]
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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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Cambodia Achieves Remarkable Industrial Growth: Over 40k Factories and Enterprises Flourish
As of December 2023, Cambodia has witnessed an exceptional surge in its industrial landscape, boasting a total of 40,840 factories. Prime Minister Samdech Hun Manet shared this significant milestone during the inauguration ceremony of the Samdech Techo Hun Sen Koh Yor Bridge in Mondul Seima district, Koh Kong province, on 8 January 2024. Highlighting the […]
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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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