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ខ្មែរ Business and Market
Gov’t Reveals Three Ambitious Visions to Transform Sihanoukville into ASEAN’s Leading Trade Hub
- 11 July 2024
The development plan for Sihanoukville aims to transform the city into a multi-purpose special economic zone through a two-phase strategy, targeting three major goals. This announcement was made in a press release from the Ministry of Economy and Finance on 9 July 2024. The first phase (2025-2028) will focus on integrating Sihanoukville into the regional trade system, expanding logistics and to...
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Cambodia’s Exports Surge by 12.6% to US$12.29bn in First Half of 2024
- 11 July 2024
In the first six months of 2024, Cambodia exported goods worth US$12.29 billion, reflecting a 12.6% increase compared to the same period in 2023. The General Department of Customs and Excise released this report on 10 July 2024. From January to June, Cambodia's imports also saw a rise, increasing by 12.8% to US$13.7 billion. This brought the country's total trade volume to US$26 billion, a year...
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Cambodia Sees a 54.2% Surge in Iron and Steel Imports, Reaching Nearly US$300m in First Half of 2024
- 11 July 2024
Cambodia imported iron and steel worth approximately US$296 million in the first semester of 2024, marking a significant 54.2% increase compared to the US$192 million recorded in the same period last year. This data was reported by the General Department of Customs and Excise on 10 July 2024. In June alone, the imports of iron and steel amounted to US$59 million, representing a year-on-year ...
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Nicholas Cumins Takes Charge as CEO of Bentley Systems, Ushering in a New Era
- 6 July 2024
Following the CEO transition plan previously announced by Bentley Systems, Incorporated (Nasdaq: BSY), Nicholas Cumins today takes charge as CEO. Cumins succeeds Greg Bentley, the eldest of the five brothers who founded Bentley Systems, who becomes Executive Chair of its Board of Directors. Cumins is the first CEO in the company’s 40-year history who is not a Bentley family member, marking a si...
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Unfavourable Business Conditions Force Thailand’s Third-Largest Sugar Firm to Withdraw from Cambodia
- 6 July 2024
Thailand's third-largest sugar producer, Khon Kaen Sugar Industry Plc (KSL), has announced its decision to withdraw its investment from Cambodia due to unfavourable market conditions and the underutilisation of trade schemes such as the Generalised System of Preferences (GSP) in Cambodia. The company cited these challenges despite a recent rise in global sugar prices following supply disruptions c...
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Cambodia Earns Nearly US$25m from Angkor, Koh Ker & Boat Ride Ticket Sales in H1-2024
- 2 July 2024
In the first half of 2024, Cambodia generated a substantial revenue of US$24,952,996 from ticket sales for Angkor, Koh Ker, and boating activities, reflecting a significant boost in tourism. This information was revealed in a report released by the Angkor Institute on 1 July 2024. According to the report, 521,950 foreign tourists purchased tickets to Angkor in the first six months of 2024, brin...
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Historic 2,000km Overland Convoy from China to Cambodia Marks Successful Inauguration of GMS Transit Facilitation
- 2 July 2024
A convoy of seven Chinese trucks and passenger vehicles has successfully completed a historic journey of over 2,000 kilometres from China to Cambodia, marking the first implementation of the Greater Mekong Subregion (GMS) Transit Facilitation Agreement. The Ministry of Public Works and Transport announced the successful arrival of the convoy in Phnom Penh and the welcoming ceremony held in its hon...
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Hitachi Targets Southeast Asia Rail Market with US$1.6bn Acquisition
- 30 June 2024
Hitachi aims to expand its presence in Southeast Asia’s railway market following its US$1.6 billion acquisition of Thales Group’s rail signal business on 31 May 2024, as China remains a dominant infrastructure supplier. This move enhances Hitachi's ability to provide integrated railway solutions in Singapore and Malaysia. The announcement was made during a media roundtable on 5 June 2024. Hitac...
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CAIC Secures 12-Year Deal with French Firm for Duty-Free Retail at Techo International Airport
- 28 June 2024
CAIC has signed a 12-year contract with French company Lagardère Travel Retail SAS and local partner HSC Group to operate duty-free goods, essential travel equipment, and catering services at Techo International Airport. National Television of Cambodia reported this significant development on 26 June 2024. Séverine Lanthier, Executive Director for Asia and Strategy and Development Director at L...
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In four years, 36k Businesses Registered on Cambodia’s OBRP with Real Estate & Construction Leading the Way
- 27 June 2024
Since the launch of Cambodia’s Online Business Registration Platform (OBRP) four years ago, 36,509 companies have registered, with the real estate sector leading the way. As of 15 June 2024, the businesses registered under this system boast a total investment capital of US$11.13 billion, with the construction and real estate sectors contributing US$1.18 billion and US$1.13 billion respectively, ac...
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