Economy and Finance
Cambodia & Korea Approve Prioritised Projects Worth US$1.5B of Concession Loan Along with US$50 of Grant Aid
The Royal Government of Cambodia and the Republic of Korea have approved the prioritised projects in the Financing Cooperation Framework 2022-2026, which is worth about US$1.5 billion along with US$50 million of grant aid to develop key sectors in Cambodia. According to a 4th Policy Dialogue on 13 June 2022, the amount of budget above […]
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US McDonald’s Brand Renamed in Russia Due to Economic Sanctions
More than 800 McDonald’s stores in Russia have been rebranded after the US-based company decided to leave Russia over the war of aggression in Ukraine. McDonald’s decided to sell all 850 stores in Russia to local investor Alexander Nikolaevich Govor for US$1.4 billion, CNN reported on 13 June. The American McDonald’s brand, which has been […]
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Government Spends US$170m Concessional Loan on Infrastructure in Q1
In the first quarter of 2022, the Royal Government of Cambodia disbursed US$529.79 million from existing concessional loans for infrastructure and other priority sectors. The Cambodia Public Debt Statistics Bulletin of the Ministry of Economy and Finance issued on 09 June stated that 47% of the disbursed amounts were sourced from bilateral development partners, while […]
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Cambodia Imports Almost US$150m of Iron & Steel in Five Months
Cambodia imported a total of US$149 million worth of iron and steel in the first five months of the year, up 19.8% from the same period last year. According to the General Department of Customs and Excise, the volume of steel and steel imports contributed about 1.1% of the total import value of US$13.057 billion, […]
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Cambodia & Thailand Urge Opening of Four More Border Crossings
Cambodian and Thai authorities have urged the opening of four more crossings borders, according to a meeting between the Pursat and Trat provincial administrations on 09 June 2022. The meeting was chaired by Mr Pov Piseth, Deputy Governor of Pursat Province and the Thai side was chaired by Mr Kan Chhay Thep Vorak Chhay and […]
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World Bank Forecasts Cambodia’s Economic Growth to Remain at 4.5% for 2022
The World Bank has forecast that economic growth in Cambodia will remain at 4.5% this year, unchanged from projections made in January this year, citing that the growth is forecast to accelerate to 5.8% in 2023. For this year, the outlook for Cambodia was unchanged from projections in January, the World Bank said in a […]
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NBC, National Institute of Statistics Oofficially Launches Residential Property Price Index
The National Bank of Cambodia and the National Institute of Statistics of the Ministry of Planning have officially launched the Residential Property Price Index, which is measure and determines specific real estate and construction appraisals as a basis for banking institutions to avoid risks. The launching ceremony of the Residential Property Price Index was held […]
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Apple moves iPad production from China to Vietnam
Apple has set up an iPad factory in Vietnam after its production line in China was affected by strict measures of Covid 19 in China, the company’s largest manufacturing facility. With small-scale production in the early stages in Vietnam, the company said, setting up a factory in Vietnam would diversify the production chain, reducing dependence […]
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Samdech Techo Hun Sen Promotes Law-Based Trading System for Sustainable Development
Samdech Techo Hun Sen, Prime Minister of Cambodia, has urged Asia to open up its trade system and international law-based trading system, which is the highest value for ensuring sustainable global development. The PM made the remarks at the international conference on the future of Asia, held on 27 May. The RCEP pact is the […]
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SSEZ’s export-import amount increase by 50 percent in four months
The value of the import-export value of Sihanoukville Special Economic Zone has increased significantly in the first four months of 2022, reflecting the strong development and activities in the zone. The report of the Sihanoukville Special Economic Zone shows that the total import and export volume amounted to US$930 million in the first four months […]
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