Economy and Finance
BRI Forum Brief: China Shifts from Building Major Infrastructure to Focusing on Digital Connectivity
In an era of evolving global dynamics, China’s Belt and Road Initiative (BRI) is poised for a transformative second decade, signaling a shift towards more efficient, market-oriented, and less debt-burdened projects. President Xi Jinping’s recent pronouncement on the future of BRI as “small yet smart” is underpinned by valuable lessons learned. This strategic shift comes […]
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Positive Signs Emerge: Serviced Apartment & Landed Property Sectors Rebound Slightly in Q3 2023
In a real estate market that has largely remained stagnant, there are promising signs of recovery in the service apartment and landed property sectors. The latest data, released by CBRE Research on 5 October 2023, indicates a subtle shift in market demand. According to the report, the average quoted rent for Grade A serviced apartments […]
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China’s Economy Rebounds: Factory Activity Signals Stabilisation
China’s economy is showing signs of stabilisation as factory activity expands for the first time in six months. The Purchasing Managers’ Index (PMI), which measures the performance of major manufacturers, rose to 50.2 in September, up from 49.7. This figure is above the critical 50-point threshold, indicating a shift from contraction to expansion. Economists had […]
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World Bank Confirms Cambodia’s Robust Growth Projections: 5.5% for 2023, 6.1% for 2024
The World Bank has reasserted its growth predictions for Cambodia, maintaining a forecast of 5.5% for 2023 and raising it to 6.1% for 2024, according to the latest East Asia and Pacific Economic Update on 9 October 2023. The report affirms that Cambodia’s economic prosperity is propelled by key sectors such as garment exports, tourism, […]
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PPAP Reports US$23 Million Earnings for First Eight Months of 2023, Sees 9% Decrease
In the first eight months of 2023, the Phnom Penh Autonomous Port (PPAP) disclosed earnings amounting to US$23,431,210. However, this figure represents a 9% decrease when compared to the corresponding period last year. This financial update was officially released in a press statement by the Phnom Penh Autonomous Port on 13 September 2023. The reported […]
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Chinese Company to Recruit 6,000 in Kompong Speu
General Enterprise Garment (Cambodia) Co., Ltd, a prominent Chinese-invested garment and manufacturing company, has unveiled plans to recruit a substantial workforce exceeding 6,000 individuals. This recruitment drive is fuelled by the company’s commitment to bolster its second factory’s operations in Kompong Speu, following the resounding success of its inaugural facility in Kandal. This ambitious expansion […]
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Cambodian Banks and Microfinance Inject $57 Billion in Loans into the Economy in H1 2023
During the first half of 2023, Cambodia witnessed a remarkable surge in financial support to the economic sector. Banks and microfinance institutions disbursed an impressive sum of $57.8 billion (equivalent to 238.7 trillion riels), signifying an impressive year-on-year increase of 10.5%. This financial injection has been instrumental in driving various sectors of the economy. These […]
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Cambodia-Thailand Trade Reaches US$2.58b in the First Eight Months of 2023
In the initial eight months of 2023, the bilateral trade volume between Cambodia and Thailand amounted to a significant $2.58 billion, as disclosed in a report by the General Department of Customs and Excise. While this figure represents a 19.9% decline compared to the same period last year, it sheds light on the enduring economic […]
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Chinese State-Backed Investors Inject US$7 Billion into YMTC to Propel Local Chip Component Production While US Moves to Produce in Vietnam
In response to mounting geopolitical tensions and US trade restrictions, Yangtze Memory Technologies Corp (YMTC), China’s premier memory chip manufacturer, is taking significant steps to bolster its domestic supply chain. The company received a substantial US$7 billion capital infusion from state-backed investors, including the Big Fund, earlier this year, according to SCMP on 30 September […]
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Cambodia & Thailand Pledge Joint Efforts to Boost Cross-Border Trade, Aiming for US$15bn by 2025
In a harmonious display of regional cooperation, Cambodia and Thailand have joined forces to tackle cross-border trade challenges with the ambitious goal of reaching a staggering US$15 billion in trade volume by 2025. This commitment underscores their shared dedication to advancing mutual prosperity and peace, as declared in a press release from the Ministry of […]
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