Economy and Finance
Malaysia Completes Merdeka, World’s 2nd Tallest Skyscraper at 678.9m Amid Concerns Over Demand
Malaysia has added yet another architectural marvel to its skyline with the completion of the 678.9-metre Merdeka 118, now the world’s second-tallest building, following only Dubai’s Burj Khalifa. The towering structure, which will be fully open to the public later this year, further cements Kuala Lumpur’s position as a city of super-tall skyscrapers. However, the […]
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Cambodia’s Construction Material Imports Surge to USD 1bn, a 21% Increase in First 8 Months of 2024
Cambodia’s import of construction materials hit USD 1.063 billion in the first eight months of 2024, marking a 21.58% increase compared to the same period last year. Despite this significant rise, the country’s construction sector is expected to experience a slower recovery, as highlighted by a recent report from both the General Department of Customs […]
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PPAP Port Collects Over USD 27 Million in Eight Months, Marking a 15% Growth
In a remarkable performance, Phnom Penh Autonomous Port (PPAP) collected more than USD 27 million in revenue during the first eight months of 2024, reflecting a 15% increase compared to the same period last year. This boost, driven primarily by port operations and services, showcases the port’s robust contribution to Cambodia’s growing economy, as confirmed […]
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Cambodia’s EV Market on Rise with Nearly 4k EVs & 21 Charging Stations by August 2024
By August 2024, Cambodia recorded 3,676 registered electric vehicles (EVs) and established 21 EV charging stations nationwide, underscoring the country’s growing commitment to the electric mobility sector. HE Peng Po Nea, Minister of Public Works and Transport, disclosed this data during the National Policy Dissemination Workshop on Electric Vehicle Development 2024-2030, held on 18 September […]
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Cambodia Sees 59% Surge in Iron and Steel Imports, Totalling Over USD 404m in 2024
Cambodia’s iron and steel imports soared by 59.2% in the first eight months of 2024, with the country importing more than USD 404 million worth of these materials, a substantial increase from just over USD 254 million during the same period in 2023. The General Department of Customs reported these figures and Excise on 10 September […]
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Cambodia’s Trade Volume Surges to Over USD 36bn in First Eight Months of 2024, Marking a 16.5% Growth
Cambodia’s trade volume reached an impressive USD 36 billion in the first eight months of 2024, marking a significant 16.5% growth compared to the same period in 2023. According to the General Department of Customs and Excise of Cambodia, this robust increase underscores Cambodia’s growing economic activity and strengthens its position in global markets. The […]
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Kazakhstan Eyes Boost in Trade with Cambodia, Targeting USD 300m Milestone
Kazakhstan has announced an ambitious plan to expand its trade with Cambodia to USD 300 million, with a longer-term goal of reaching USD 1 billion. This development followed a high-level meeting between former Prime Minister Samdech Hun Sen and His Excellency Kanat Tumysh, the newly appointed Ambassador of the Republic of Kazakhstan, on 5 September […]
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Japan Tops Asia’s Real Estate Transparency Rankings with Focus on Sustainability
Japan has been ranked as the most transparent real estate market in Asia, securing the 11th position globally in terms of sustainability and operational clarity, according to a report by Jones Lang LaSalle (JLL) published on 5 September 2024. This evaluation considers factors such as access to real estate market data, transparency of processes, and […]
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Siem Reap-Angkor International Airport Received 900k Passengers, Expected to Hit 1.5 Million by Year-End
After nearly a year of operation, the Siem Reap-Angkor International Airport has welcomed approximately 900,000 passengers, with projections to reach 1.3 million by October and 1.5 million by the end of 2024. This milestone was announced during a working session between the Chairman of Angkor International Airport Investment (Cambodia) Co., Ltd. (AIAI), Lu Wei, and […]
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Cambodia Earns Over USD 31m from Angkor, Koh Ker, and Boat Rides in 8 Months
In the first eight months of 2024, Cambodia generated an impressive USD 31,049,140 from ticket sales to the Angkor Archaeological Park, Koh Ker, and boat rides, according to a report from the Angkor Institute released on 1 September 2024. During this period, 651,857 foreign tourists visited Angkor, contributing USD 30,334,229 to the total revenue, marking […]
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