Hong Lai Huat has agreed to sell HLHI (Cambodia) for a cash consideration of US$1.5 million or $2.01 million based on the exchange rate of US$1 to $1.339 as at Feb 1. At the same time, the group has …
Hong Lai Huat to exit agricultural business in proposed US$37.5 million disposal
HONG Lai Huat is looking to sell two of its loss-making subsidiaries in Cambodia for a total consideration of US$37.5 million. Read more at The Business Times.
Time is ripe for a deposit protection scheme in Cambodia
Cambodia is one of the few countries in ASEAN+3 that does not have a deposit protection scheme (DPS). The time is ripe for one to be established.
IMF affirms 6.1% growth outlook for Cambodia in 2024, inflation expected at 3.1%
The International Monetary Fund (IMF) projected that Cambodia’s economic growth will reach 6.1% this year, an increase from its previous estimate of 5.3% for 2023, an upturn attributed to the recovery …
SSRG unveils Marum Estate in anticipation of Cambodia’s economic surge
SSRG (Sir Stamford Raffles Group) – a leader in innovative real estate development, has just announced the soft launch of Marum Estate in Cambodia’s Kandal to attract the attention of buyers in the …
Cambodia’s banking system experiences slowest credit growth in two decades, says central bank
Cambodia’s banking system recorded a 4.8 percent credit growth in 2023, the slowest-ever growth in the last two decades, said a National Bank of Cambodia (NBC) report released on Tuesday.
Cambodia Garment Manufacturing Market Report 2023-2032: Youthful Demographic Dividend Fuels Consumer Market Growth
The International Finance Corporation’s (IFC) Cambodia Improvement Program (CIP), initiated in 2019 with support from the Ministry of Economy and Finance of Korea, seeks to enhance the competitiveness …
No monkey business here! Tiny Georgia town in uproar at plans to build a huge $400 MILLION breeding farm for 30,000 long-tailed macaques that will be sold off for animal testing
But locals fear property prices will promise as a result of the facility … came under investigation last year for obtaining wild monkeys that were smuggled from Cambodia. The monkeys were falsely …
Cambodia’s economy expected to grow 6.4 per cent in 2024, says central bank governor
The Cambodian economy is projected to grow by 6.4 per cent in 2024, up from 5.5 per cent in 2023, mainly driven by tourism and manufacturing sector, National Bank of Cambodia (NBC)’s Governor Chea …
Cambodia’s economy expected to grow 6.4 pct in 2024: central banker
PHNOM PENH, Jan. 26 (Xinhua) — The Cambodian economy is projected to grow by 6.4 percent in 2024, up from 5.5 percent in 2023, mainly driven by tourism and manufacturing sector, National Bank of …