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Cambodia, ADB discuss $30m loan

The Ministry of Tourism has begun discussions with the Asian Development Bank (ADB) over a $30-million loan to fund infrastructure in coastal provinces that would support tourism development. The government has announced plans to use the money to build two seaports in Preah Sihanouk province – in Sihanoukville and in the island of Koh Rong. […]

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CRF voices concern over EU rice tax on Cambodia

The president of the Cambodia Rice Federation (CRF) has expressed concern over an impending EU tariff on Cambodian rice imports, saying that it is factors within EU states that are harming European farmers most. “Difficulties faced by European farmers are largely due to the lack of collaboration between them, millers and traders,” CRF president Sok […]

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Cambodia: Income level target too ambitious: WB

The World Bank yesterday advised Cambodian policymakers to allow more time for the country to become an upper-middle income economy, asking the government to aim for 2035, instead of 2030, to graduate from the current income status. The recommendation to postpone the target by five years follows a WB revision of the country’s future economic […]

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Cambodia and Vietnam agree to boost trade

Cambodia and Vietnam has agreed on a speedy implementation of mechanisms to facilitate trade, achieve faster transport connectivity, and apply one-stop services at border gates to help achieve a $5 billion bilateral trade target. The commitment to boost trade was made during bilateral talks between Cambodia’s Deputy Prime Minister Prak Sokhonn and his Vietnamese counterpart […]

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World Bank expects Cambodian economy to grow higher this year

The World Bank on Wednesday released its latest edition of Cambodia’s economic outlook, expecting that the Kingdom’s economy will grow higher this year compared to last year. The World Bank Cambodia Economic Update, a biannual report that provides up-to-date information on short- and medium-term macroeconomic developments, said Cambodia’s economic growth rate will reach 7.1 per […]

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