The government has increased retail fuel prices for the third bimonthly period in a row – a trend that has dampened some of the consumer enthusiasm that greeted a moderation in November-December. Cambodian economists have blamed the hike in local rates – which are tied to global oil prices that have logged a sharp upswing […]
Read MoreDespite facing Covid-19 last year, we saw deposits still increased. It means there are many Cambodians who had a budget they kept not to use because seemingly impacts of Covid-19, they paused business or they have not yet started a new investment, says Kea Borann, Chairman of CMA The money supply (MS) reached $39 billion […]
Read MoreCambodia’s tourism industry is projected to rebound in 2022 after a two-year significant fall due to the COVID-19 pandemic, a tourism official said on Tuesday. The kingdom received 1.3 million international tourists in 2020, down 80 percent from 2019, and the number had further declined by another 85 percent to 196,495 in 2021, a Ministry […]
Read MoreHundreds of thousands of laborers from Laos and Cambodia have begun returning to Thailand as the country opens its doors to migrant workers. Thailand requires around 800,000 migrant workers to urgently fill positions in the manufacturing, tourism, and service sectors, according to the Federation of Thai Industries. Vientiane Times reports that according to Laos’ Ministry of Labor and […]
Read MoreCambodia can regain its sustained economic growth by increasing productivity among firms and workers, diversifying exports, and taking steps to boost domestic investment, the World Bank said in the Cambodia Economic Memorandum. Cambodia’s growth rate, which averaged a robust 7.7 percent between 1995 and 2019, plunged an estimated 10.1 percentage points to contract by 3.1 […]
Read MoreForeign tourist arrivals in Cambodia cratered by nearly 84.96 per cent last year, extending a decline triggered by the Covid-19 crisis, which brought international travel to a screeching halt and crushed the tourism industry for the past two years. But 2022 marks the year that tourism embarks on the recovery path, as the Kingdom positions […]
Read More
Thailand
