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ខ្មែរ Economy and Finance
Cambodia’s air passengers in January 2023 increase almost 700% y-o-y
- 24 February 2023
As of January 2023, Cambodia receives more than 400,000 passengers at Phnom Penh, Siem Reap and Sihanoukville International Airports, an increase of nearly 700% compared to the same period in 2022. According to HE Sin Chansereivutha, spokesperson at the State Secretariat of Civil Aviation (SSCA), the total number of passengers arriving at the three international airports in January 2023 was 408...
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China to Help Accelerate Establishment of Economic Corridors in Cambodia
- 17 February 2023
China has pledged to help Cambodia establish two more major economic corridors, including the “Industrial Development Corridor with Sihanoukville as its centre" and the “Fish and Rice Corridor in the Northwest region”. HE Wang Wentian, Chinese Ambassador in Cambodia, said on 16 February that China is willing to provide assistance to build the two projects by deepening the connection between th...
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SHV Port Revenue Hits US$90m in 2022; PP Port Revenue Increases 17% Y-o-Y
- 15 February 2023
In 2022, the revenue of Sihanoukville Port increased by 2.45% to US$86 million, while that of Phnom Penh Port also increased by more than 17% to US$40 million, according to the Ministry of Public Works and Transport (MPWT) on 15 February MPWT Minister HE Sun Chanthol said that the growth of the waterway transport sector in these major ports is due to the increase in exports of Cambodian agricu...
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ADB Provides US$10m Loan to CP Bank for Boosting SMEs in Cambodia
- 14 February 2023
The Asian Development Bank (ADB) and Cambodia Post Bank (CP Bank) have signed a loan agreement of US$10 million to support the recovery of micro, small, and medium-sized enterprises (MSMEs) in Cambodia from the COVID-19 pandemic by expanding their access to finance. At least 50% of the proceeds are marked to finance MSMEs led by women. “Improving MSMEs’ access to working capital and longer-ter...
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Australia Stops Using Chinese-made CCTV in All Key Administrative Buildings
- 12 February 2023
The Australian government has decided to stop installing CCTVs made by Chinese tech companies in its government buildings, claiming those CCTVs could pose a security risk to the country, according to DW News on 9 February. Manufacturers such as Hikvision and Dahua have provided at least 913 CCTVs, intercoms, electronic inputs and video cameras at over 250 Australian government buildings. ...
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PM Hun Sen Announces Masterplan for New Economic Pole in Northwest Provinces
- 10 February 2023
Cambodia Prime Minister Samdech Hun Sen has announced a master plan to establish a new economic pole based on "fish and rice" potential in Cambodia’s north western provinces. The announcement of a project to establish a "fish and rice economic pole" is in response to the Chinese president's investment interest in agricultural and hydrological development in the Tonle Sap Lake area. Chines...
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SME Bank Provides Over US$53m in Loans to 230 Enterprises in 2022
- 7 February 2023
In 2022, the Small and Medium Enterprise Bank of Cambodia (SME Bank) provided a total of US$53 million loan to 230 small and medium enterprises, according to the official report recently. According to the report, the first and second phases of the SME support project, which was successfully completed, provided support to a total of 2,745 enterprises with a total budget of US$340 million. S...
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Gov’t Urges Hungary to Invest More in Cambodia as Bilateral Trade Up 84% Y-o-Y
- 6 February 2023
Cambodia has asked Hungarian investors to study and explore more trade and investment opportunities in Cambodia, as the two countries' trade volume has increased significantly, reaching more than US$7 million in 2022. This is according to the meeting between Secretary of State of the Ministry of Commerce HE Tek Reth and new Ambassador of Hungary to the Kingdom of Cambodia HE Dr Tibor Balogdhi ...
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Customs Revenue at US$2.6bn in 2022; 5.9% Earned From Construction Sector
- 4 February 2023
In 2022, the General Department of Customs and Excise of Cambodia collected 10,998.9 billion Riels or about US$2.6 billion, an increase of 18.3% compared to 2021, according to the announcement of the General Department on 3 February. Revenue includes a value-added tax of 4,169.8 billion riels (37.9% of total revenue), a special tax of 4,151.6 billion riels (37.7% of total revenue), and customs...
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463 Factories Operate in Six Districts in Kampong Cham
- 3 February 2023
Kampong Cham province has attracted investors to invest in many development projects. 463 projects and factories are operating in six cities in districts in Kampong Cham province. In a press conference on 3 February, Kampong Cham Governor HE Un Chanda said that in the labour field, there are a total of 463 enterprises and factories in Kampong Cham, which employed a total of 44,635 workers, inc...
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