Business and Market
Don’t miss out on the last opportunity to benefit from the Sangkran New Year promotion by Borey Peng Huoth
Don’t miss out on the last opportunity to benefit from the Sangkran New Year promotion by Borey Peng Huoth, with the project “Angkor Nam Samnang” almost finished! In early April, Borey Peng Huoth announced a great Khmer New Year celebration promotion for all home purchase projects, but only a few days are left until the […]
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Cambodia-China Bilateral Trade Surges to US$10 Billion, 4.6% Up, in the First 10 Months of 2023
Cambodia’s trade with China flourished in the first 10 months of 2023, with bilateral trade volume reaching an impressive US$10 billion, marking a notable 4.6% increase compared to the previous year. This announcement was made by National Assembly President Samdech Khuon Sodary during a productive working meeting with HE ZHANG Qingli, Vice Chairman of the […]
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Cambodia’s Furniture Market Set to Surge from $100 Million to Over $1 Billion by 2033
The Cambodian furniture market, though relatively small, is primed for substantial expansion in the coming years, with exports projected to soar to $1.484 billion by 2033, as outlined in “The Cambodia Furniture Industry Research Report 2024-2033” published by finance.yahoo on April 17, 2024. Despite a slight downturn in 2023, Cambodia’s furniture manufacturing sector has exhibited […]
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Construction Material Imports Surge nearly US$350 million in Q1 2024, Reflecting Cambodia’s Booming Construction Sector
In the first quarter of 2024, Cambodia witnessed a remarkable surge in its construction sector, as imports of construction materials soared to an impressive US$349 million, marking a significant increase of 22.24 percent compared to the same period last year. This data, derived from the General Department of Customs and Excise, illuminates the thriving growth […]
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Manhattan SEZ to Expand Operations in Svay Rieng Province
In a significant move aimed at bolstering economic development in Cambodia, Manhattan Special Economic Zone (SEZ) has announced plans for further expansion in Bavet City, Svay Rieng Province, in collaboration with Singapore’s SJ Group. The announcement came following a high-level meeting between HE Sun Chanthol, Deputy Prime Minister and first Vice President of CDC, Mr. […]
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2024 – Cambodia succeeds in its campaign to reduce the use of plastic because the volume of imports decreased by 75%
By the first quarter of 2024, the volume of plastic imports into Cambodia has decreased by about 75%, while this decrease shows that the implementation of the campaign to reduce the use of plastic in the past has been successful. This is according to the announcement of the Ministry of Environment on April 10, 2024. […]
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Cambodia’s Exports to Korea Skyrocket, Surging 2048% in 2023
In a remarkable surge, Cambodia’s exports to the Republic of Korea soared to US$26.21 million in 2023, marking a staggering increase of 2048% compared to the previous year’s US$1.22 million. This substantial growth underscores the robust trade relationship between the two nations, facilitated by the CKFTA agreement. The data, disclosed by the Spokesperson of the […]
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Cambodia’s Exports Surge to Nearly US$12 Billion Under New Government within Six Months
Cambodia’s export trade has soared to impressive heights under the leadership of the new government, with a remarkable trade volume of US$11.8 billion recorded from September 2023 to February 2024. This figure reflects a substantial increase of 16.57% compared to the corresponding period last year. PM Samdech Hun Manet disclosed these statistics during the plenary […]
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China’s Property Investment Sees 9% Decline in the First Two Months, Still Down but Slower than Last Year
Property investment in China witnessed a 9.0% year-on-year decline in the first two months of 2024, a notable improvement from the 24.0% fall recorded in December 2023, according to data from the National Bureau of Statistics (NBS). Similarly, property sales by floor area experienced a 20.5% slide in January-February compared to a year earlier, showing […]
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Marking its 40th Anniversary, Bentley Systems Announces CEO Transition Plan
COO Nicholas Cumins to be Promoted to CEO July 1, 2024, as Greg Bentley will Transition to Executive Chair London – March 21, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that effective July 1, 2024, Greg Bentley will transition from Bentley Systems’ CEO to Executive Chair of its Board […]
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