Economy and Finance
Phnom Penh Autonomous Port Achieves Record Container Traffic & Revenue Growth in 2024
The Phnom Penh Autonomous Port recorded an impressive milestone in 2024, handling over 401,000 TEUs (Twenty-foot Equivalent Units) of containers in the first ten months, reflecting nearly a 20% increase compared to the same period in 2023. The port also processed 35,264 TEUs in October alone, a 17.75% rise from October 2023, according to an […]
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French Luxury Brand Metal Jewellery Opens New Factory in Cambodia, Boosting Local Industry & Jobs
Metal Jewellery Cambodia, a renowned French jewellery brand, officially opened its production and assembly factory for metal and plastic jewellery on 9 November 2024. The inauguration, led by HE Chea Vuthy, Secretary General of the Cambodian Investment Committee, marks a major milestone following the company’s investment permit approval in June 2023. HE Chea Vuthy emphasised […]
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Thailand’s USD 6.5 Billion EV Industry Set to Power Commercial Real Estate Growth
Thailand’s fast-growing electric vehicle (EV) industry is projected to generate a real estate market worth at least USD 6.5 billion by 2030, driven by government policies and strong foreign investments. As the country aims to solidify its position as Southeast Asia’s leading hub for EV manufacturing, this growth will fuel demand for specialized real estate […]
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Cambodia Maintains World’s Highest Central Bank Interest Rates, Defying Global Trends
In the third quarter of 2024, Cambodia continues to lead global markets, with central bank interest rates soaring between 10% and 12%, starkly contrasting with the 0% to 6% range maintained by most major economies. This divergence, detailed in a report by CBRE Cambodia published on 17 October 2024, spans the period from December 2021 […]
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ADB Commits USD 400 Million Large-Scale Financing for Clean Water and Sanitation in Cambodia by 2025
The Asian Development Bank (ADB) has pledged a transformative USD 400 million Large-Scale Financing (MFF) project to advance clean water and sanitation infrastructure across Cambodia, targeting approval by the end of 2025. This announcement follows the success of an ongoing USD 119 million Provincial Water Supply and Sanitation Project currently active in the provinces of […]
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In 10 Months, Cambodia Earns Over USD 37 Million from Angkor, Koh Ker & Boating Tickets
From January through September 2024, Cambodia generated USD 36,824,852 in ticket sales from Angkor, Koh Ker, and boat rides—a substantial revenue gain that reflects the country’s appeal to international visitors. The Angkor Institute reported this information on 1 October 2024. The data indicates that, during these ten months, 774,203 foreign tourists purchased tickets to Angkor, amounting to USD […]
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Phnom Penh-SHV Expressway to Implement Full Toll Rates from 1 November
The Phnom Penh-Sihanoukville Expressway Company has confirmed it will transition to full toll rates beginning 1 November 2024, concluding a 20% discount period ending at 00:00 on 31 October. This was detailed in the company’s official announcement dated 31 October 2024. To support smoother travel, the expressway company will offer Electronic Toll Collection (ETC) devices […]
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Indonesia Sets Sights on Becoming Southeast Asia’s Leading Electric Vehicle & Battery Hub
Indonesia has declared its ambition to become the largest electric vehicle (EV) and EV battery hub in Southeast Asia, a move highlighted by the opening of the region’s first EV battery manufacturing facility last July, according to vietnamplus on 28 October 2024. This pioneering plant, a USD 1.1 billion joint venture between Hyundai Motor and […]
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Cambodia’s Tourism Rebounds to Near Pre-Crisis Levels, But Chinese Arrivals Lag Behind Regional Peers
Cambodia’s tourism sector is witnessing a robust rebound in 2024, with international arrivals reaching 4.4 million in the first eight months, a 22.5% surge compared to the same period last year. This strong performance brings the country within 1.6% of its pre-crisis peak of 6.9 million visitors in 2019, highlighting the sector’s steady recovery after […]
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Australia Invests USD 65 Million to Enhance Cambodia’s Economic Growth through CAPED Program
The Australian Government has committed approximately AUD 87 million (USD 65 million) in new grant funding to the Cambodia-Australia Partnership for Sustainable Economic Development (CAPED) program, aiming to bolster Cambodia’s economic resilience and growth. The announcement was made through a press release from the Ministry of Economy and Finance on 17 October 2024. The CAPED […]
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