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ខ្មែរ Business and Market
Cambodia’s Exports to Korea Skyrocket, Surging 2048% in 2023
- 28 March 2024
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 Cambodian government during a hi...
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Cambodia’s Exports Surge to Nearly US$12bn Under New Government within Six Months
- 26 March 2024
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 session of the Council of Ministe...
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China’s Property Investment Sees 9% Decline in First Two Months, Still Down but Slower than 2023
- 25 March 2024
Property investment in China witnessed a 9% year-on-year decline in the first two months of 2024, a notable improvement from the 24% 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 a gradual slowdown from the 23% decline in Decemb...
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Marking its 40th Anniversary, Bentley Systems Announces CEO Transition Plan
- 24 March 2024
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 of Directors. Nicholas Cumins, current...
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Aeon Mall Denies Rumours of Fourth Outlet, Reaffirms Transparency
- 23 March 2024
Aeon Mall (Cambodia) Co., Ltd. unequivocally refuted speculations surrounding the development of a fourth Aeon Mall project in Cambodia, particularly Aeon Mall IV, according to a press release issued on 22 March 2024. The company clarified that no plans have been initiated for the construction of a new outlet, dismissing recent rumours propagated on social media platforms. Emphasising its commi...
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SSEZ Records 38% Surge in Trade Volume, Reaching US$628m in Two Months
- 22 March 2024
In a remarkable surge of economic activity, the Sihanoukville Special Economic Zone (SSEZ) has reported a staggering trade volume of US$628 million in the first two months of 2024, marking a significant 38.3% increase compared to the corresponding period last year. This notable achievement underscores the SSEZ's pivotal role as a thriving hub for international trade and investment, as highlighted ...
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Bentley Systems Issues Call for Nominations for the 2024 Going Digital Awards in Infrastructure
- 17 March 2024
Winners to be Selected and Announced at The Year in Infrastructure and Going Digital Awards Event in Vancouver EXTON, Pa. – March 14, 2024 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced its call for nominations for the 2024 Going Digital Awards in Infrastructure. The awards, which are judged by independent juries of industry experts...
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Cambodia’s Robust Trade Performance: Exceeding US$8bn in Two Months, Marking Nearly 20% Growth
- 14 March 2024
In the initial two months of 2024, Cambodia's international trade volume surged to over US$8 billion, registering a notable increase of nearly 20% compared to the corresponding period in 2023, as per the provisional report from the General Department of Customs and Excise of Cambodia. The report reveals that from January to February, Cambodia's exports to major countries surpassed US$3.9 billio...
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Cambodia & Vietnam Forge Business Council for Seamless Cross-Border Trade
- 11 March 2024
In a groundbreaking move towards bolstering economic ties, the Cambodian Chamber of Commerce (CCC) and the Cambodia-Vietnam Business Council (CVBA) have unveiled plans to establish the Cambodia-Vietnam Business Council. This strategic initiative announced through the official Facebook page of the CCC on 8 March 2024, is poised to play a pivotal role in addressing challenges and fostering a more st...
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SunRice Group Eyes Cambodia for Organic Rice Processing Plant, Opening New Avenues for Export
- 9 March 2024
Australia's SunRice Group is contemplating a strategic investment in Cambodia, aiming to establish a dedicated rice processing plant with a focus on organic rice for international exports. The ambitious plan was unveiled during a pivotal meeting between Samdech Hun Manet, Prime Minister, and Paul Serra, CEO of SunRice Group, on the occasion of the ASEAN-Australia Special Summit in Melbourne on 4 M...
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