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ខ្មែរ Business and Market
Cambodia and UAE to Sign Comprehensive Economic Partnership Agreement
- 17 March 2023
Cambodia and the United Arab Emirates (UAE) have finalized the negotiations for the Cambodia-United Arab Emirates Comprehensive Economic Partnership Agreement (CAM-UAE CEPA), which will be signed later this year. The agreement aims to diversify export markets and promote Cambodia's economic integration into the region and the world. Minister of Commerce H.E. Pan Sorasak and H.E. Thani bin Ahmed...
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Russians Overtake Chinese to Become Biggest Phuket Condo Buyers as Russia-Ukraine War Continues
- 12 March 2023
Amidst the ongoing conflict between Russia and Ukraine, Russian investors have become the leading purchasers of condominiums in Phuket, Thailand, overtaking Chinese buyers from the top spot. “Last year, Russians became the leading purchasers of condominiums on the island, dislodging Chinese buyers from the top spot. According to Thailand’s Real Estate Information Centre, 40% of all condos in ...
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PM Hun Sen: Cambodia Aims to Be the World’s Largest Cashew Nuts Exporter
- 11 March 2023
Cambodian Prime Minister Hun Sen has expressed his support for the domestic cashew production industry to drive Cambodia to become the world's largest producer of cashew nuts. During his speech at the 7th River Festival in Kampong Thom province, PM Hun Sen emphasised the potential of Cambodia's cashew products, stating that they are of good quality and can supply the domestic market as well a...
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Chinese Company Invests US$200m to Build New Tyre Plant in Kratie
- 3 March 2023
Qingdao Double Star Group, a Chinese car tyre manufacturer, has announced plans to invest US$210 million in a new greenfield tyre manufacturing plant in Cambodia. The company will partner with local mining company UBE Development Co. Ltd. to establish a subsidiary, Double Star (Cambodia) Tire Co. Ltd., for the investment. The new plant will be located in Kratie province's special economic zon...
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In Four Months, PP-SHV Expressway Generated Almost US$11 Million
- 1 March 2023
The Phnom Penh-Sihanoukville Expressway earned almost US$11 million in the first four months since the start of traffic charging on 1 November 2022 to 28 February 2023, according to the Ministry of Public Works and Transport. The ministry further announced that it is continuing to work with operators to enhance the provision of expressway services and address any issues that may arise, aiming t...
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US$5m Electronic Compliance Factory Officially Opened in Pursat
- 27 February 2023
An electronic products assembly plant in Pursat's Krakor district was officially launched 26 February. The inauguration was held by Director General of Electricite du Cambodge (EDC) HE Keo Rattanak, Pursat Governor HE Khoy Rida and CEO of Precise Electric Manufacturing Amorn Daengchot. Built with an investment of US$5 million, the factory is located in Toteung Village of Anlong Thnout Comm...
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Cambodia needs more skilled labours responding to high-tech industrial investment
- 27 February 2023
Cambodia Prime Minister Samdech Hun Sen has said that Cambodia needs a large number of technical experts to meet the large investment in high-tech industries, as Cambodia has a number of electrical components and vehicle assembly plants. At the graduation ceremony for students of the National Polytechnic Institute of Cambodia on 27 February, PM Hun Sen said that there are currently many vehicle...
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The 8th PropertyGuru Cambodia Property Awards seek the Gold Standard of real estate amid recovering domestic market
- 24 February 2023
LOCAL PROPERTY SEEKERS IN CAMBODIA POWER THE DEMAND FOR SPACIOUS HOMES PHNOM PENH, Cambodia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, today launched the 2023 edition of the PropertyGuru Cambodia Property Awards, beginning the search anew for the kingdom’s finest property developers, design practices, and projects: the Gold Standard of real estate. ...
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Cambodia’s air passengers in January 2023 increase almost 700% y-o-y
- 24 February 2023
As of January 2023, Cambodia receives more than 400,000 passengers at Phnom Penh, Siem Reap and Sihanoukville International Airports, an increase of nearly 700% compared to the same period in 2022. According to HE Sin Chansereivutha, spokesperson at the State Secretariat of Civil Aviation (SSCA), the total number of passengers arriving at the three international airports in January 2023 was 408...
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Key Trends Driving the Architecture, Engineering, and Construction Industry
- 20 February 2023
By Brenden Roche, Product Expert, Facilities Engineering, Bentley Systems The architecture, engineering, and construction (AEC) industry is no stranger to change and ever-evolving trends. Also, the global pandemic has forced many other industries to change course, and AEC is no exception. Global players are altering their businesses in response to not only the pandemic but also the climate emer...
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