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Cambodia, Thailand launch cross-border QR payment phase II

Cambodia and Thailand launched the second phase of their cross-border QR payment system, which aims to promote the use of local currencies, financial inclusion and cross-border trade and tourism. Chea Chanto, Governor of the National Bank of Cambodia, and Dr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, attended the launching ceremony in Phnom Penh […]

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RCEP a game-changer for Cambodia’s growth prospects

The Regional Economic Comprehensive Partnership (RECP) is all set to play a vital role in Cambodia’s journey towards economic prosperity, fuelling the nation to become a high middle-income country as early as 2028, opine experts. Going by the World Bank definitions, low-income economies are those with GNI per capita of less than $1,025; lower-middle-income countries […]

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EBA withdrawal not to impact Cambodia, says PM

Cambodia’s manufacturing sector will not be affected by the complete withdrawal of the Everything But Arms (EBA) preferential tariff line of the European Union (EU) expected in the near future, said Prime Minister Hun Sen, recently. During his meeting with more than 16,000 workers in Kampong Speu province on Sunday, the premier noted that Cambodia […]

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Cambodia to become higher-middle-income country by 2030

Prime Minister Hun Sen expressed confidence that Cambodia will become a high-middle-income country by 2030, despite the challenges posed by the global economy, the war between Ukraine and Russia, and the climate change crisis. In a graduation ceremony for students of the Royal University of Law and Economics yesterday, the premier said that Cambodia is […]

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