English 
ខ្មែរ Economy and Finance
Cambodia Accelerates Industrial Growth with Two New Tyre Manufacturing Giants
- 25 December 2023
Cambodia is set to welcome two new players in the tire manufacturing sector. The move will elevate the total count of tire factories in the country to five, marking a substantial expansion in the realm of rubber production. During his address at the annual meeting of the Ministry of Commerce on 21 December, HE Chea Vuthy, Secretary-General of the Cambodia Investment Board (CIB) at the Council f...
Read More
2024 Outlook: Regional Experts Projects Emerging Risks & Opportunities in Asia-Pacific Real Estate Market
- 24 December 2023
As we approach 2024, the Asia-Pacific real estate scene is evolving amid emerging market realities. Investors are strategically focusing on resilience, delving into a complex yet promising market for astute opportunities. This is according to regional experts at Asian Investor, who provided a joint analysis on 19 December 2023. Market Insights: Valuations are settling, and sentiment is impro...
Read More
JCER Warns of Impending Real Estate Crisis Impacting China & 17 Other Countries by 2027
- 21 December 2023
Amidst mounting concerns over China's real estate market, the Japan Centre for Economic Research (JCER) has sounded an alarm, cautioning that a potential burst of the property bubble could severely impede the nation's economic growth. The repercussions of Beijing's response to the property debt crisis could reach far and wide, with implications for the ambitious goal of doubling the country's GDP ...
Read More
Thailand’s EV Brand Launches First Production with 20,000 Annual Capacity
- 20 December 2023
Embarking on a significant milestone in its global growth strategy, Hozon Auto's electric vehicle (EV) brand, Neta, commenced production at its inaugural overseas factory in Thailand on 30 November, exceeding initial expectations. The Thai facility, with an annual production capacity of 20,000 units, symbolizes Neta's commitment to strengthening its foothold in right-hand drive markets. The factor...
Read More
Tesla’s Cybertruck Hits the Roads: Deliveries Commence End November After 2-Year Wait
- 19 December 2023
In a much-anticipated move, Tesla initiated deliveries of its groundbreaking Cybertruck on Thursday 30 November, officially venturing into the competitive pickup market in Austin, Texas, according to The Guardian on 1 December 2023. Priced between US$60,990 and US$99,990 for its three variants, Elon Musk, Tesla's CEO, confidently asserted that the Cybertruck offers "more utility than a truck" a...
Read More
Chinese bankrupt Evergrande sells 30% stake to state-owned company to pay off debt
- 17 December 2023
In response to the complex dynamics in China's property sector, Evergrande, the globally renowned real estate developer, has taken a strategic step by selling its 30% stake in the Shanghai North Bund Project to state-owned China Everbright Group. The move, disclosed in a statement to the Hong Kong Exchange, is valued at 663.15 million yuan ($93.5 million), indicating Evergrande's commitment to man...
Read More
Cambodia’s Exports Surge to Over US$20bn, Marking a Resilient 1.2% Growth in 2023
- 15 December 2023
Cambodia has recorded a noteworthy surge in exports, surpassing the US$20 billion mark in the first 11 months of 2023. The General Department of Customs and Excise of Cambodia reports a commendable 1.2% increase compared to the corresponding period in 2022, showcasing the nation's steadfast position in the global trade landscape. From January to November 2023, Cambodia's trade volume with China...
Read More
Cambodia Inks Concessional Loans Worth US$1 Billion With Development Partners Amidst a 17% Dip
- 13 December 2023
In the initial nine months of 2023, the Royal Government of Cambodia demonstrated strategic financial prowess by securing new concessional loan agreements with development partners, totaling a significant US$1 billion. This accomplishment, outlined in the Cambodian Public Debt Statistics Bulletin by the Ministry of Economy and Finance, reflects a tactical utilization of financial resources, consti...
Read More
SAP Surges Ahead with 20.14% Increase, Notching Profit of US$28 Million in First Nine Months of 2023
- 12 December 2023
In a robust financial performance, Sihanoukville Autonomous Port (SAP) proudly reported a stellar net profit of 117,933,270,000 riels, equivalent to over US$28 million, marking an impressive surge of 20.14% during the initial nine months of 2023 compared to the same period in 2022. Delving into the financial details, SAP's total revenue collection for this period reached 264,567,991,000 Riels, ...
Read More
Chinese Police Initiates Probe into Zhongzhi Bankruptcy with US$60m Debt
- 5 December 2023
In a significant turn of events, Beijing police have officially launched an investigation into Zhongzhi, a colossal financial conglomerate, following its recent descent into debt and subsequent bankruptcy. This is according to the publication of Hong Kong media The Standard published on 26 November 2023. Despite its low profile, Zhongzhi has played a pivotal role in the financial landscape, att...
Read More