English 
ខ្មែរ Business and Market
Positive Signs Emerge: Serviced Apartment & Landed Property Sectors Rebound Slightly in Q3 2023
- 18 October 2023
In a real estate market that has largely remained stagnant, there are promising signs of recovery in the service apartment and landed property sectors. The latest data, released by CBRE Research on 5 October 2023, indicates a subtle shift in market demand. According to the report, the average quoted rent for Grade A serviced apartments has increased by 1%, while Grade B apartments have seen a m...
Read More
Bentley Systems Announces Executive Appointments
- 16 October 2023
Changes Reinforce BSY’s Organizational Sustainability and Contributions to Global Infrastructure Sustainability SINGAPORE – Oct. 11, 2023 – Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced executive appointments. Kristin Fallon joins Bentley as Chief Marketing Officer, based in Annapolis, Maryland. Most recently, Fallon was Global ...
Read More
ThaiBev to Establish a US$108 Million Beverage Powerhouse in Cambodia
- 6 October 2023
Thai Beverage (ThaiBev), a prominent ASEAN food and beverage conglomerate listed in Singapore, is poised to make a significant mark in Cambodia with a staggering investment of 4 billion baht (equivalent to US$108 million). Their grand plan includes the construction of a state-of-the-art beverage and beer factory, as reported by the Bangkok Post on 4 October 2023. Thapana Sirivadhanabhakdi, CEO ...
Read More
Cambodia’s Construction Material Imports Reach US$921 Million in H1
- 5 October 2023
In the first half of this year, Cambodia imported construction materials worth an impressive US$921 million, signalling a robust market for development, according to a dynamic report from the Ministry of Economy and Finance revealing that 1,849 construction permits have been approved. While this figure reflects a 6.3% decrease from the same period in the previous year, other statistics tell a c...
Read More
Cambodia-Thailand Trade Reaches US$2.58b in the First Eight Months of 2023
- 2 October 2023
In the initial eight months of 2023, the bilateral trade volume between Cambodia and Thailand amounted to a significant $2.58 billion, as disclosed in a report by the General Department of Customs and Excise. While this figure represents a 19.9% decline compared to the same period last year, it sheds light on the enduring economic collaboration between the two nations. Cambodia's exports to Tha...
Read More
Cambodia & Thailand Pledge Joint Efforts to Boost Cross-Border Trade, Aiming for US$15bn by 2025
- 29 September 2023
In a harmonious display of regional cooperation, Cambodia and Thailand have joined forces to tackle cross-border trade challenges with the ambitious goal of reaching a staggering US$15 billion in trade volume by 2025. This commitment underscores their shared dedication to advancing mutual prosperity and peace, as declared in a press release from the Ministry of Foreign Affairs and International Co...
Read More
Vietnam Airlines Commits US$7.8 Billion for a Fleet Boost with 50 Boeing 737 Max Aircraft
- 20 September 2023
Vietnam Airlines has inked an agreement worth US$7.8 billion to acquire 50 Boeing 737 Max aircraft from the United States. The strategic move is aimed at modernising the airline's fleet to cater to surging flight demands, according to Reuters on 11 September 2023. The announcement of this significant agreement between Vietnam Airlines and Boeing was made by the White House during U.S. President...
Read More
20 VN Corporate Investors Meet with CCA Seeking Business Partnerships to Import VN Products
- 18 September 2023
In a promising initiative aimed at strengthening cross-border trade, the Cambodia Constructors Association, led by CCA President Neak Oknha Pung Kheav Se, Chairman of the Board of Directors of Canadia Bank and Overseas Cambodia Investment Corporation (OCIC), played host to an assembly of distinguished guests. On 15 September 2023, more than 20 prominent Vietnamese enterprises, led by the HCMC Asso...
Read More
Cambodia’s Global Trade Sees 14.5% Dip in 2023, But Exports Buck the Trend
- 13 September 2023
In the first eight months of 2023, Cambodia's international trade experienced a significant downturn, with a 14.5% decrease compared to the same period in the previous year, according to data from the General Department of Customs and Excise (GDCE). However, in a surprising turn of events, Cambodia's exports managed to defy this trend, showing robust growth. During this period, Cambodia's total...
Read More
New East Solar Energy: From Cambodia Brand to the USA, Lighting Up a Brighter Clean Technology Future
- 13 September 2023
New East Solar Energy, a prominent player in the solar industry based in Cambodia, is expanding its horizons across the globe. The company is set to inaugurate a colossal 2-gigawatt (2 million kilowatts) solar panel manufacturing facility in Phoenix, Arizona, contributing to the creation of 350 jobs. This groundbreaking development, reported by Solar Power World on 7 September 2023, marks a signif...
Read More