Economy and Finance
Nearly US$1.1 Billion Investment Projects Approved by CDC 1H 2023, Fueling Economic Growth in Cambodia
The Council for the Development of Cambodia (CDC) has greenlit an impressive array of 113 investment projects and expansions in the first half of 2023, boasting a staggering total capital investment of approximately US$1.1 billion. This momentous milestone not only showcases the country’s robust investment climate but also signals its steadfast commitment to fostering sustainable […]
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NBC Urges Prudence in Real Estate Loans Amid Projected Market Slowdown
The NBC has issued a cautionary statement to banks and microfinance institutions, emphasizing the importance of exercising prudence in granting real estate loans. This advisory comes in light of the projected slowdown in the demand for real estate within the domestic market for the current year. During a seminar held at the Center for Banking […]
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Cambodia Securities Exchange Sees Growing Investor Interest: 20 Companies Invest $330 Million
The Cambodia Securities Exchange (CSX) continues to gain momentum as the number of listed companies on the IPO reaches an impressive milestone of 20, with a cumulative capital investment of US$330 million. HE Hong So Hour, the Government delegate overseeing the Cambodia Securities Exchange Company, made this announcement during the official registration ceremony of Meng […]
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Cambodia’s Tourism Industry Achieves Record-Breaking Revenue of over US$2 Billion in 2022
Cambodia’s tourism sector experienced an exceptional year in 2022, with revenue surpassing the US$2 billion mark. The Ministry of Tourism recently unveiled its official report during the Tourism Review Conference on June 21, 2023, showcasing the industry’s remarkable growth and economic impact. According to the report, Cambodia welcomed approximately 2.28 million international tourists in 2022, […]
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Banteay Meanchey’s 5 Flourishing SEZs Fuel Unprecedented 20,000 Job Growth
Banteay Meanchey province is experiencing a remarkable economic transformation, spearheaded by its five thriving special economic zones (SEZs), which have become major catalysts for job creation and development. With close to 20 factories operating within these SEZs, the province has successfully generated employment opportunities for over 20,000 individuals. Speaking to reporters from Radio National of […]
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Elvin Sou (Cambodia) International Shoe Factory Launches in Kampong Speu to Serve US Market
Elvin Sou (Cambodia) International Standard Shoe Factory (Cambodia) has marked its official opening in Samrong Tong District, Kampong Speu Province. The factory, which boasts a substantial investment of US$6.4 million, was inaugurated in the esteemed presence of HE Dr Ith Sam Heng, Minister of Labor and Vocational Training, on June 19, 2023. As a prominent […]
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Elevating Economic Ties: Cambodia and UAE Forge Comprehensive Economic Partnership Agreement
In a momentous stride towards enhancing economic cooperation and fostering greater investment opportunities, Cambodia and the United Arab Emirates (UAE) have officially signed a Comprehensive Economic Partnership Agreement (CEPA). The signing ceremony, presided over by Samdech Hun Sen, Minister of Cambodia, witnessed the presence of HE Pan Sorasak, Minister of Commerce, and HE Thani Bin […]
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Angkor Wat Ticket Sales Soar, Generating Over $16M in the First Five Months of 2023
The historical and cultural marvel of Angkor Wat continues to captivate visitors from around the globe, as Cambodia reports a remarkable surge in ticket sales, exceeding $16 million in revenue during the first five months of 2023. According to the latest report released by the Angkor Institute on June 1, 2023, this staggering figure represents […]
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Cambodia Securities Exchange Flourishes with Nine Companies Accumulating US$1.8 Billion in Capital
As of the conclusion of the first quarter of 2023, the Cambodia Securities Exchange (CSX) proudly showcases a robust lineup of nine companies, collectively boasting an impressive capitalization of 7.61 trillion riels (equivalent to US$1.88 billion). These figures are derived from the recently published securities trading data bulletin for the first quarter of 2023, highlighting […]
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Cambodia Angkor Air and Trip com Forge Digital Partnership to promote smart airport for Cambodia
In a significant collaboration aimed at bolstering Cambodia’s tourism industry, Cambodia Angkor Air, the national flag carrier, has joined forces with leading online tourism company Trip.com to propel the development of the new Angkor International Airport into a smart airport within the region. The partnership encompasses a wide range of initiatives, including joint digital marketing […]
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