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Cambodia: World Bank warns of risks to growth

While Cambodia’s real growth is projected to remain strong, expanding at 6.9 percent in 2017 and 2018, the World Bank warned in a report released yesterday that the risks to this outlook include the fallout from further rises in US interest rates, a slower-than expected economic recovery in Europe, and uncertainties over global trade. “US […]

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CAMBODIA holds back on AIIB loans

Cambodia has yet to set its loan application policies to borrow funds from the Asian Infrastructure Investment Bank (AIIB) because the country can still get highly concessional rates from development partners, Minister of Economy and Finance Aun Pornmoniroth said. Mr Pornmoniroth said at a meeting with AIIB president Jin Liqun at the sidelines of the […]

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Cambodia: Wing ready to swoop into Myanmar

Wing, which pioneered the agent-based money transfer business in Cambodia, will expand the model into Myanmar this year, tapping into the Southeast Asian country’s largely unbanked population of 55 million, the company’s chief executive said. Jojo Malolos, CEO of Wing Specialised Bank (Cambodia), said the company signed with Myanmar-based Mingalabar this March and the partners […]

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Vietnam: Deficit to pressure exchange rates

HA NOI – Exchange rates will face pressure to rise this year due to an anticipated trade deficit, according to the National Financial Supervisory Commission (NFSC). Vietnam’s trade deficit was forecast at 3.5 per cent of the total import and export value. In the first four months of this year, Vietnam ran a trade deficit […]

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Cambodia: Ministry predicts stable GDP growth

The government is predicting Cambodia’s gross domestic product will grow at seven percent this year and next. A Finance Ministry report published last week said there will be solid growth in garment exports, manufacturing and the services industry, alongside modest developments in agriculture. The real estate sector will meanwhile slow down. The government’s growth forecast […]

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Cambodia’s openness helps it connect with Asean

KT: How good is connectivity within Asean and the world? Dato’ Sri Mustapha: Southeast Asia’s ambitious plans to boost region-wide economic integration – and consolidate its position as a key transport, communication and tourism hub – hinge largely on forging stronger transport, regulatory and people-to-people links among the ten members of Asean. Connectivity here focuses […]

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