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ខ្មែរ Economy and Finance
Cambodia’s Coastal Wealth: Minister of Land Envisions $2 Billion Annual Contribution
- 11 January 2024
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 to assess the progress ...
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Cambodia’s Steel Import Surges: Reaches US$372m in 2023
- 10 January 2024
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 Department of Customs and Excise on 10 January, iron ...
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Cambodia Achieves Remarkable Industrial Growth: Over 40k Factories and Enterprises Flourish
- 9 January 2024
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 government's strategic policies, PM Hun ...
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Six Chinese Firms Eye Cambodia’s Cashew Potential for Green Energy Revolution
- 7 January 2024
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 nation's growi...
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Economists Project China’s Economic Landscape in 2024 to Fall to 4.6%
- 30 December 2023
As China's economic trajectory undergoes shifts, economists anticipate a moderated growth of 4.6% in 2024, following an anticipated 5.2% expansion this year. This projection comes against the backdrop of a sluggish real estate market and tepid consumption. With 23 experts expecting this year's growth to align closely with Beijing's target of approximately 5%. According to a survey conducted by ...
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CBRE’s Head of Research Hints Real Estate Market Recovery Time
- 28 December 2023
Investment caution is rippling through the Asia-Pacific real estate market, from Singapore to South Korea, as investors tread carefully amidst concerns over rising interest rates and geopolitical instability. Market data from JLL, a leading commercial real estate and investment management company, reveals a 22% year-on-year decline in commercial real estate investment activity in the Asia-Pacific ...
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Korean Firm Embarks on Ambitious Venture to Establish 100 E-mart 24 Stores in Cambodia by 2028
- 27 December 2023
In a strategic move to tap into Cambodia's thriving retail landscape, Hanlim Architecture Group, a prominent real estate services company, has finalised a groundbreaking agreement to facilitate the entry of Korean convenience store giant E-mart 24 into the Cambodian market. This collaboration unfolds through the joint venture Saihan Partners, established earlier this year as a partnership between ...
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PM Signifies Demographic Census Data as a Compass for Policymaking With Over 750,000 Enterprises Updated
- 26 December 2023
As of March 2022, Cambodia boasts a total of 753,670 operational firms, showcasing a staggering 49% increase compared to the 2011 economic census, which recorded 505,134 enterprises. This significant revelation was released the Ministry of Planning on 26 December under the auspices of Samdech Hun Manet, Prime Minister of Cambodia, which disclosed a remarkable surge in operational enterprises. T...
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Vietnamese Giant Tech FPT Accelerates Tech Footprint in the U.S. with US$100m Investment in Auto Services
- 26 December 2023
Vietnam's technology behemoth, FPT Corporation, has embarked on an ambitious venture into the U.S. automotive sector with the inauguration of FPT Automotive, a specialized unit based in Texas. This strategic move is part of a substantial US$100 million investment earmarked for the automotive industry over the next five years. This is according to the Nikkei Asia on 18 December 2023. FPT Automot...
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Apple Transfers Key iPad Engineering Resources to Vietnam
- 25 December 2023
In a strategic move, Apple is reportedly channeling product development resources for its iPad to Vietnam, marking a significant shift in its global manufacturing landscape. Collaborating with China's BYD, a pivotal iPad assembler, Apple is set to transfer New Product Introduction (NPI) resources to Vietnam—an unprecedented move for a core device, according to sources briefed on the matter, as rep...
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