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ខ្មែរ Economy and Finance
Cambodia Securities Exchange Flourishes with Nine Companies Accumulating US$1.8 Billion in Capital
- 2 June 2023
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 the remarkable grow...
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Cambodia Angkor Air and Trip com Forge Digital Partnership to promote smart airport for Cambodia
- 30 May 2023
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 campaigns, h...
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Cambodia and UK Forge Strategic Alliance to Elevate Bilateral Trade, Aiming for US$1 Billion Milestone by 2022
- 27 May 2023
In a resounding display of mutual commitment, the Ministry of Commerce of Cambodia and the Ministry of Commerce of the United Kingdom have recently inked a momentous Memorandum of Understanding (MoU). This agreement paves the way for the establishment of a joint trade and investment forum, aimed at expanding bilateral trade between the two nations. Notably, the trade volume between Cambodia and th...
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Cambodia’s Manufacturing Sector Surges: Over 1,300 Factories Established by 2023, Fueled by Peace and Stability
- 26 May 2023
In a significant testament to Cambodia's flourishing manufacturing sector, PM Hun Sen revealed that the number of garment, footwear, and travel bags factories has soared from a mere 68 in 1997 to an impressive 1,326 in 2023. During an address to factory workers at the Royal Group Phnom Penh Special Economic Zone on May 26, the PM attributed this remarkable growth to the prevailing peace and pol...
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Cambodia Unveils New Draft Law on Special Economic Zones to Boost Diversification and Industrial Connectivity
- 24 May 2023
In an exciting development, the Council for the Development of Cambodia (CDC) has recently completed the drafting of a comprehensive law on special economic zones (SEZs), poised to be launched in the near future. This momentous step towards economic diversification and enhanced industrial connectivity was announced by HE Chea Vuthy, Deputy Secretary-General of the CDC's Cambodian Investment Com...
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Singapore’s Luxury Property Market Flourishes as Chinese Investors Seize Opportunities Amid Tax Surge
- 20 May 2023
Amidst a significant surge in demand, Chinese investors have flocked to Singapore's luxury condominium market, acquiring a record number of units in nearly a decade, just before the Singaporean government doubled taxes on foreign property purchases. The allure of Singapore's real estate sector remains strong, with Chinese buyers purchasing 111 luxury condominium units—a remarkable 158 percent i...
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Cambodia’s Construction Sector Soars with Remarkable 500% Increase in Approved Projects
- 19 May 2023
The construction landscape in Cambodia has experienced a phenomenal surge, as evidenced by an extraordinary 500% rise in approved construction permits during the first two months of 2023. The recently released economic report by the World Bank on May 18 sheds light on this significant development, highlighting the unprecedented growth in construction permits despite a relatively sluggish export...
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Angkor Wat Ticket Sales Skyrocket, Surpassing US$14M in the First Four Months of 2023
- 16 May 2023
Angkor Wat, the crown jewel of Cambodia's cultural heritage, has witnessed a remarkable surge in ticket sales, signalling a reinvigorated interest from global tourists. Cambodia raked in an astounding US$14,031,206 from the sale of tickets to 298,998 foreign visitors in the first four months of the year, according to a report released by the esteemed Angkor Institute on 1 May 2023. This stagger...
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Sihanoukville Special Economic Zone: A Thriving Hub Attracting 175 Investors and Creating 30,000 Jobs
- 16 May 2023
In an impressive display of growth and economic vitality, the Sihanoukville Special Economic Zone (SSEZ) has emerged as a coveted destination for international investors. With 175 enterprises from various countries, including China, Europe, the United States, and Southeast Asia, the economic zone has generated nearly 30,000 employment opportunities for local communities, fueling the region's progr...
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PM Proposes Study on Agricultural Wholesale and Retail Markets to Boost Farmers’ Opportunities
- 15 May 2023
In a move to enhance market access for farmers and provide a platform for selling their agricultural produce, Samdech Hun Sen, the Prime Minister of Cambodia, has suggested conducting a comprehensive study on the establishment of wholesale and retail markets for agricultural products across the capitals and provinces. During the graduation ceremony of agricultural graduates held at the esteemed...
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