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ខ្មែរ Economy and Finance
Samdech Techo Hun Sen Promotes Law-Based Trading System for Sustainable Development
- 30 May 2022
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 best example of an open, inclusive, and rules-based trading system, ...
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SSEZ’s export-import amount increase by 50 percent in four months
- 23 May 2022
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 this year, increasing by 50 percent compared...
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Cambodia’s iron and steel imports worth US$119 million in four months
- 20 May 2022
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 General Department of Customs and Excise (GDCE) of Cam...
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Koh Kong has economic land concessions of 450,000 hectares
- 18 May 2022
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 Ltd, one of the seven companies, was pr...
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Real Estate Sector in the Philippines Neutral
- 13 May 2022
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 the conclusion of national and l...
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France Provides Assistance to Cambodia, Focusing on Priority Areas Until 2024
- 12 May 2022
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 and Finance, representa...
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Phnom Penh Autonomous Port Earns Almost US$9.5 million in Q1 2022
- 12 May 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 quarter of 2022 includes revenue from port operations of US$2.6 million, port author...
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ADB to Provide US$4.2 billion in Loans, Grants to Cambodia by 2021
- 10 May 2022
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 has financed program project...
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Donaco International Seeks US$5 Million Loan for DNA Star Vegas in Poipet City
- 5 May 2022
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 money-earner prior to the COVID-19 pandemic. In filings, the company ...
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Malaysia Invests US$3 billion in Cambodia
- 2 May 2022
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 revealed duri...
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