Complaints by local workers that they are experiencing a rise in their cost of living have not been confirmed by official data, with surveys stating food, transport and medical costs are stable and the Consumer Price Index projected to increase at a relatively low rate of around 2 percent a year until 2022. The Consumer […]
Read MoreNational Bank of Cambodia Governor Chea Chanto said Cambodia needs a strong national currency to strengthen its economic and financial resilience to underlying crises, as well as to support sustainable and inclusive socio-economic growth and development. He made the remarks at the 40th anniversary of the re-introduction of the riel held in Phnom Penh yesterday. […]
Read MoreBack-packing-based businesses across Southeast Asia have seen a huge drop in business because of COVID-19 prompting border closures as well as travel restrictions. Companies that specialise in that area of travel are either throwing in the towel or adapting. Many are pushing forward with the latter option. There have been backpackers exploring Southeast Asia for […]
Read MoreThe price of pepper in the world, and in Cambodia in particular, has dropped considerably in the last three to four years. The decline was caused because the supply of pepper in the global market exceeds market demand. The pepper price fell from $9 to $10 a kilogramme in 2016, to only $2.5 to $3 […]
Read MoreCambodia’s inflation remains low at around 3 percent in the first eight month of this year with a stable exchange rate while the country’s international reserves continue to grow and can ensure up to 10 months of imports of goods and services, according to Chea Chanto, the governor the National Bank of Cambodia (NBC). The […]
Read MorePrime Minister Hun Sen is encouraging the development of rural tourism to promote new tourism products, rural skills and create jobs because the sector is currently seriously affected by the COVID-19 pandemic. The premier’s call was made on World Tourism Day yesterday under the topic of Tourism and Rural development. He said the government has […]
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Thailand
