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ខ្មែរ Economy and Finance
Cambodia’s Exports Surge to Nearly US$12bn Under New Government within Six Months
- 26 March 2024
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 session of the Council of Ministe...
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China’s Property Investment Sees 9% Decline in First Two Months, Still Down but Slower than 2023
- 25 March 2024
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 a gradual slowdown from the 23% decline in Decemb...
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SSEZ Records 38% Surge in Trade Volume, Reaching US$628m in Two Months
- 22 March 2024
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 trade and investment, as highlighted ...
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China’s Minister of Housing: No Bailouts for Struggling Developers, Some Property Developers Can Go Bankrupt If Necessary
- 20 March 2024
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 and holding develop...
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Chinese Investment in ASEAN Reaches US$20 billion, up 37%, Cambodia Can Absorb Approx. 16%
- 18 March 2024
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 real estate and c...
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Funan Techo Canal Development: Shifting Economic Currents in Southeast Asia
- 15 March 2024
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 up to 3,000 DWT. Spanning four provinces, the project encompasses the constr...
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Cambodia’s Robust Trade Performance: Exceeding US$8bn in Two Months, Marking Nearly 20% Growth
- 14 March 2024
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 to major countries surpassed US$3.9 billio...
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Angkor Ticket Sales Surge, Raking in Over US$11m, 52% Increase, in First Two Months of 2024
- 6 March 2024
In a remarkable achievement, Cambodia has witnessed a substantial increase in revenue from Angkor ticket sales during the initial two months of 2024, totalling an impressive US$11,234,675. The report, released by the Angkor Institute on 1 March 2024, reveals a remarkable surge of 52.09% compared to the corresponding period in 2023. During February 2024 alone, the Angkor Institution reported ear...
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Australian Conglomerate FreshStart Eyes Major Investments Across Cambodia’s Key Sectors
- 6 March 2024
Aegros and FreshStart Logistics, a subsidiary of FreshStart, have unveiled plans to significantly expand their investments in Cambodia, targeting three pivotal sectors: logistics, energy, and healthcare. This strategic move was disclosed during a meeting between Mr. Daniel Phillips, President of FreshStart Company, and Prime Minister Hun Manet at the ASEAN-Australia Special Summit in Melbourne on ...
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Australia Commits US$262 Million to Boost ASEAN Maritime and Development Initiatives
- 5 March 2024
In a significant move to strengthen development and security in Southeast Asia, Australia has announced an infusion of an additional US$262.5 million into its programs in the region. This financial commitment was unveiled by Foreign Minister Penny Wong at the outset of the ASEAN-Australia Special Summit held in Melbourne on Monday, 4 March 2024, according to Mandurahmail. The allocated funds in...
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