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ខ្មែរ Economy and Finance
Construction & Real Estate Sectors Expected to Continue Growth in 2023
- 18 June 2022
The construction and real estate sectors are expected to continue to recover in 2023 due to the influx of foreign investment and the demand for low- and medium-cost housing. In the draft law on financial management for 2023, signed by Samdech Techo Hun Sen, Cambodian Prime Minister of Cambodia on 08 June, the government stated that the construction sector is predicted to continue to recover by ...
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Construction Businesses Registering on Single Portal Worth US$1 billion in Investment Value
- 16 June 2022
The Online Business Registration platform registered a total of 14,676 business applications, with a total investment of US$4,670 million in the capital in the two-year period since its launch. According to a press release from the Ministry of Economy and Finance, business applications in the construction sector accounted for 21.6% or about US$1 billion of the investment value of total register...
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Cambodia & Korea Approve Prioritised Projects Worth US$1.5B of Concession Loan Along with US$50 of Grant Aid
- 16 June 2022
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 will contribute to developing many key sectors such as natio...
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US McDonald’s Brand Renamed in Russia Due to Economic Sanctions
- 14 June 2022
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 present in Russia since the 1990s, was renamed Vkusno...
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Government Spends US$170m Concessional Loan on Infrastructure in Q1
- 13 June 2022
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 the remaining 53% other is...
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Cambodia Imports Almost US$150m of Iron & Steel in Five Months
- 13 June 2022
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, an increase of 11%. Data from the Ministry of Land Management, Urban Planning a...
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Cambodia & Thailand Urge Opening of Four More Border Crossings
- 10 June 2022
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 Mr Na Rong Thepsena, Deputy Governor of Trat Province, as well as releva...
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World Bank Forecasts Cambodia’s Economic Growth to Remain at 4.5% for 2022
- 9 June 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 Global Economic Prospects report issued on 08 June. Among other developing...
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NBC, National Institute of Statistics Oofficially Launches Residential Property Price Index
- 7 June 2022
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 on June 6 in the presence of H...
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Apple moves iPad production from China to Vietnam
- 2 June 2022
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 on China. The company is moving some iPad produ...
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