Business and Market
China to Set Up More Than 50 Agricultural Factories in Kampong Speu
A groundbreaking economic partnership is on the horizon for Cambodia’s Kampong Speu province, as Chinese investors hailing from Henan province pledge to establish more than 50 agricultural enterprises. This ambitious initiative is set to focus on cattle and pig farming, as well as beef and pork processing, and was announced on the official Facebook page […]
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Three Catalysts for Potential Growth of Asian Stocks in H2 2023
As the global stock market maintains a “neutral” stance, propelled by the resilience of labor markets and the services sector, analysts find themselves in a cautious but optimistic stance. While uncertainties persist, and a definitive macroeconomic trend remains elusive, experts foresee three potential catalysts that could invigorate Asian stocks in the latter half of 2023, […]
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E-Mart 24 Makes Grand Entrance to Cambodian Market, Aims for 100 Store Milestone Next Year
The retail landscape of Cambodia is set to experience a dynamic shift as E-Mart 24 Inc., the renowned South Korean convenience store chain, unveils its plans to make a resounding debut in the country. In a strategic move projected to redefine convenience, E-Mart 24 is slated to open its first Cambodian branch in the first […]
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Cambodia’s Exports Surpass US$4.5bn in First Seven Months of 2023
Cambodia’s exports to fellow ASEAN Member States (RCEP) have surged impressively, crossing the remarkable threshold of US$4.59 billion during the initial seven months of 2023. This remarkable upswing, reflecting a robust 21% increase from the analogous period in 2022, was eloquently underscored by HE Pan Sorasak, Minister of Commerce. He shared this pivotal insight during […]
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VinFast Shares Hit US$85.5 billion, Surpassing Mercedes, Honda, Ford & Tesla
In a resounding debut on the prestigious NASDAQ stock exchange, VinFast Auto Pte Ltd. (VinFast) orchestrated a dazzling display of market prowess, propelling its market capitalization to an astounding US$85.5 billion. This remarkable achievement on the very first trading day, marks a staggering ascent from its initial valuation of US$23 billion, underscoring the profound investor […]
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NagaWorld Records Impressive Q2-2023 US$ 83M Profit, Surge of 57%
Hong Kong-based NagaCorp proudly reports NagaWorld’s soaring success in Cambodia, as the net profit for the second quarter of 2023 surged by an impressive 57.4%, reaching a remarkable US$83 million. The significant increase in profit can be attributed to the resurgence of tourism in Cambodia from ASEAN countries and the gradual return of business travelers […]
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Bentley Systems Announces Allen Li has Joined as General Manager, China
EXTON, Pa. – June 6, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that Allen Li has been appointed to the new role of General Manager, China, reporting to Chief Revenue Officer Brock Ballard. Allen Li has had a long executive career at enterprise software leader SAP, including as […]
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Realestate.com.kh Home & Lifestyle: Cambodia’s Biggest Property EXPO
Realestate.com.kh is bringing back its massively popular Home & Lifestyle EXPO 2023. The event which is just one month away will be happening on the weekend of August 12 & 13, at Koh Pich Exhibition Center. The Home & Lifestyle EXPO is part of Realestate.com.kh’s annual events, offering attendees the opportunity to secure the best […]
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Mid-2023 Update: Cambodia’s Retail Sector Saw A Slight Decline, But New Strategy Emerged
Amidst a changing retail landscape, the first half of 2023 showcased a slowdown in new retail completions, following a wave of launches and developments in 2022. As of mid-year, over 39,000 sqm of new retail space was added, representing a 6% increase in total supply over the span of 6 months. However, the retail sector […]
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Cambodia’s Iron and Steel Imports Surge to $192 Million in H1 2023, Jump 3.4 %
Cambodia’s imports of iron and steel reached an impressive $192 million in the first half of 2023, marking a significant 3.4% increase compared to the same period last year. These two essential commodities have secured their place among the top 20 imported goods, as stated in the General Department of Customs and Excise report released […]
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