Economy and Finance
Cambodia’s iron and steel imports worth US$119 million in four months
Cambodia imported iron and steel worth $119.72 million in the first four months of 2022, marking an increase of 19 percent over the $101 million recorded in the same period last year, according to Customs. This accounted for 1.192 percent of the Kingdom’s total goods imports over January-April, valued at $10.043 billion, statistics from the […]
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Koh Kong has economic land concessions of 450,000 hectares
Koh Kong province has seven economic land concession companies covering an area of 44,177 hectares. According to the report on work review in 2021 and set objectives for the 2022 target, the Koh Kong Provincial Administration states that ELCs invest in eucalyptus trees, acacia trees, sugarcane, and rubber plantations. The area of Greenwich Group Co […]
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Real Estate Sector in the Philippines Neutral
The real estate sector in the Philippines is currently seeing neutral growth with no progress after the national election posting myriad challenges to the country’s economic growth. J.P. Morgan Global Research has downgraded the Philippines to ‘underweight’ and ranked it last in the order of preference in ASEAN in its equity investment strategy immediately after […]
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France Provides Assistance to Cambodia, Focusing on Priority Areas Until 2024
The French Agency for Development (AFD) has reaffirmed its commitment to Cambodia with more than US$300 million in financing for projects for 2022-2024, focusing on priority areas including water, sanitation, agriculture, and energy. According to a press release from the French Embassy in Cambodia on Wednesday, a meeting between representatives of the Ministry of Economy […]
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Phnom Penh Autonomous Port Earns Almost US$9.5 million in Q1 2022
The Phnom Penh Autonomous Port earned US$9.49 million in unaudited revenue in the first quarter of 2022, an increase of 17% compared to the same period in 2021. According to a Phnom Penh Autonomous Port report released on 10 May 2022, the source of revenue of the Phnom Penh Autonomous Port received in the first […]
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ADB to Provide US$4.2 billion in Loans, Grants to Cambodia by 2021
As of 2021, the ADB has committed to 319 public sector loans, grants, and technical assistance totaling US$4.2 billion to Cambodia, according to the ADB Fact Sheet 2021 for Cambodia issued on 5 May. The loan, grants, and technical assistance focus on education, health, infrastructure, rural development, energy, transportation, and other important sectors. The ADB […]
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Donaco International Seeks US$5 Million Loan for DNA Star Vegas in Poipet City
Border casino operator Donaco International Ltd says its directors have approved a new loan facility of US$5 million to support DNA Star Vegas in Poipet city, the GGRASIA reported on 3 May. The Monday 2 May announcement came as the firm passed the two-year milestone regarding the temporary closure of what had been its main […]
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Malaysia Invests US$3 billion in Cambodia
Cambodia received US$3.2 billion in direct investment from Malaysia as of February 2022, according to a press release from the Ministry of Foreign Affairs and International Cooperation. Malaysians have invested in the financial, manufacturing, real estate, hotels and restaurants, agriculture, and construction sectors in Cambodia, worth a total of US$ 3.2 billion. The figure was […]
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FDI in 2021 at US$4.3 billion, 47% drop Y-o-Y
In 2021, Cambodia received a total of US$4,357 million in foreign direct investment (FDI), a decrease of 47 % compared to the amount in 2020 with a total FDI of US$8,250 million. According to the Council for the Development of Cambodia (CDC), FDI from China remains the top one at US$2,326 million, a 67% increase […]
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WB: High Credit in Construction & Real Estate Still Risk for Cambodia’s Financial Stability
High credit growth in the construction and real estate sectors remains a key risk to Cambodia’s financial stability despite the 2022 economic growth rate projection of 3.8-4.5%, according to a World Bank report issued on 5 April. As of 2021, credit to construction and real estate activities were accumulatively at US$6.93 billion, or 18% of […]
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