Business and Market
Cambodia-Indonesia Trade Volume Surpasses USD 1bn in 2023 with 15% Growth
In a significant boost for bilateral relations, Cambodia and Indonesia achieved a trade volume exceeding USD 1 billion in 2023, marking a robust 15% increase compared to the previous year. Lok Chumteav Chamnimol, Cambodia’s Minister of Commerce, shared these insights during the “Hello Indonesia” exhibition on 13 September 2024. The minister emphasized that this remarkable […]
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Cambodia Sees 59% Surge in Iron and Steel Imports, Totalling Over USD 404m in 2024
Cambodia’s iron and steel imports soared by 59.2% in the first eight months of 2024, with the country importing more than USD 404 million worth of these materials, a substantial increase from just over USD 254 million during the same period in 2023. The General Department of Customs reported these figures and Excise on 10 September […]
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Cambodia’s Trade Volume Surges to Over USD 36bn in First Eight Months of 2024, Marking a 16.5% Growth
Cambodia’s trade volume reached an impressive USD 36 billion in the first eight months of 2024, marking a significant 16.5% growth compared to the same period in 2023. According to the General Department of Customs and Excise of Cambodia, this robust increase underscores Cambodia’s growing economic activity and strengthens its position in global markets. The […]
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Bentley Systems Acquires 3D Geospatial Company Cesium
EXTON, PA — September 6, 2024 — Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced it has acquired 3D geospatial company Cesium. Cesium is recognized as the foundational open platform for creating powerful 3D geospatial applications, and its 3D Tiles open standard has been widely adopted by leading enterprises, governments, and tens of thousands of application developers globally. Cesium […]
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Korean EV Firm Camko Motor to Establish Electric Car Assembly Plant in Cambodia for Global Export
Camko Motor and Camko Infracore are preparing to launch electric vehicle assembly operations in Cambodia, a strategic move that taps into the rapidly growing global demand for electric cars. This ambitious plan was revealed during a meeting between Samdech Techo Hun Sen and HE Kim Jin-pyo, former Speaker of the National Assembly of the Republic […]
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Kazakhstan Eyes Boost in Trade with Cambodia, Targeting USD 300m Milestone
Kazakhstan has announced an ambitious plan to expand its trade with Cambodia to USD 300 million, with a longer-term goal of reaching USD 1 billion. This development followed a high-level meeting between former Prime Minister Samdech Hun Sen and His Excellency Kanat Tumysh, the newly appointed Ambassador of the Republic of Kazakhstan, on 5 September […]
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Japan Tops Asia’s Real Estate Transparency Rankings with Focus on Sustainability
Japan has been ranked as the most transparent real estate market in Asia, securing the 11th position globally in terms of sustainability and operational clarity, according to a report by Jones Lang LaSalle (JLL) published on 5 September 2024. This evaluation considers factors such as access to real estate market data, transparency of processes, and […]
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Cambodia Earns Over USD 31m from Angkor, Koh Ker, and Boat Rides in 8 Months
In the first eight months of 2024, Cambodia generated an impressive USD 31,049,140 from ticket sales to the Angkor Archaeological Park, Koh Ker, and boat rides, according to a report from the Angkor Institute released on 1 September 2024. During this period, 651,857 foreign tourists visited Angkor, contributing USD 30,334,229 to the total revenue, marking […]
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Phnom Penh Autonomous Port Sees Significant Growth with Over 250 TEUs, 14% Increase, in First Half of 2024
In the first seven months of 2024, Phnom Penh Autonomous Port (PPAP) reported a notable increase in activity, handling over 250,000 TEUs (Twenty-foot Equivalent Units) of containers, reflecting a 14.94% rise compared to the same period in 2023. This surge in volume underscores the port’s growing importance in regional trade, according to the data released […]
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Cambodia-Vietnam Trade Volume Surges to US$4.6bn in First Seven Months of 2024
In a significant boost to bilateral trade, Cambodia and Vietnam recorded a trade volume of US$4.6 billion between January and July 2024, reflecting a 23.5% increase compared to the same period last year. This data was revealed by the General Department of Customs and Excise of Cambodia on 16 August 2024. Cambodia’s exports to Vietnam […]
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