Economy and Finance
Philippines Investors Eye Cambodian Rice Imports
In a significant step towards bolstering agricultural trade, Arvin International Marketing Inc., a leading Philippines company, has expressed a keen interest in importing high-quality rice from Cambodia. This announcement follows a meeting between HE Cham Nimol, Cambodia’s Minister of Commerce, and Mrs Azucena L. Yao, Chairman of the Board of Directors of Arvin International, held […]
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Cambodia’s Stone Processing Industry Flourishes with USD 90 Million in Revenue in 2024
In a noteworthy development for Cambodia’s economy, the stone processing sector has emerged as a significant contributor, generating an impressive USD 90 million in revenue in 2024. This remarkable achievement highlights the industry’s growth potential and its critical role in the national budget. As the Ministry of Information reported on 16 February 2025, Cambodia currently […]
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Cambodia’s Small & Medium Enterprises Flourish in 2024
In a promising development for Cambodia’s economy, the Ministry of Industry, Science, Technology, and Innovation has reported significant growth in the country’s small and medium enterprises (SMEs) within the industrial sector. As of 2024, nearly 1,300 SMEs have registered, indicating a robust entrepreneurial spirit within the nation. According to the recent report on the ministry’s […]
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Thailand Accelerating Major Projects to Become Largest Transportation Hub in ASEAN
Thailand is accelerating efforts to become the leading transportation hub in Southeast Asia by developing major infrastructure projects, including cruise ship terminals, a new airport, and flyovers. Deputy Minister of Transport Manaporn Charoensri emphasised the country’s strategic geographic location, which positions it as a central transit point in the region. Key initiatives include constructing three […]
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Ministry of Economy and Finance Predicts Cambodia’s Economic Growth at 6.3% in 2025
In a promising forecast for the nation, Cambodia’s Ministry of Economy and Finance has announced a projected economic growth of 6.3% for the year 2025. This optimistic outlook, unveiled during a public forum on macroeconomic management and the 2025 budget law, is attributed to robust performance in key sectors, including apparel, textiles, agricultural exports, and […]
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Cambodia’s Booming Customs Revenue in 2024
In a remarkable display of fiscal growth, the Cambodian government announced on 10 February 2025 that it has successfully collected over USD 2 billion in customs duties for the year 2024, marking an impressive increase of over 13% compared to the previous year. The General Department of Customs and Excise reported that total tax and […]
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ASEAN Real Estate Markets Navigate Headwinds as China’s Economy Falters
The USD 722 billion trade relationship between China and ASEAN faces unprecedented pressure as China’s property sector, which accounts for over 25% of its GDP and 70% of household wealth, shows serious signs of distress amid plummeting consumer confidence that reached near-record lows of 86 in July 2024, according to Evrimagaci.org on 31 January 2025. […]
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RCEP Agreement Set to Transform China-ASEAN Maritime Trade with Unprecedented Blue Economy Integration
The Regional Comprehensive Economic Partnership (RCEP) is poised to revolutionize maritime trade between China and ASEAN, with marine transport currently accounting for 94% of China’s foreign trade and over 60% of ASEAN’s foreign trade while representing 65% of bilateral trade between the two regions in 2023. This landmark development emerges as part of a broader […]
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Japanese Company Investments Boosts Cambodia’s Electronics Sector
In a significant move for Cambodia’s burgeoning electronics industry, Minebea (Cambodia) Co., Ltd., a prominent Japanese firm, has announced an additional investment of approximately USD 15 million to further expand its electronic equipment manufacturing operations in the country. The announcement came during a meeting between HE Chea Vuthy, Secretary General of the Investment Committee of […]
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As of 2024, Phnom Penh Has 1,877 High-Rise Buildings with 5 Floors or More
As of 2024, Phnom Penh has a total of 453 apartment buildings and 1,877 high-rise buildings with five or more floors. This information was presented by HE Keut Chhe, Deputy Governor of Phnom Penh, on 1 February 2023. Phnom Penh, Cambodia’s largest capital city, is experiencing rapid urbanization and industrial growth. HE Keut Chhe highlighted […]
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