Cambodia’s tourism industry is anticipating the return of travellers by the end of this year with a focus on traditional regional markets, particularly those from China, Korea, Japan, Thailand and Singapore, according to Alain Brun, the chief executive officer of Cambodia Airports. Government meetings with the tourism industry indicate stakeholders are eying an earnest re-opening […]
Read MoreThe National Commercial Arbitration Centre of the Kingdom of Cambodia (NCAC), an independent not-for-profit organisation, will implement its new rules and fee structures today. The organisation has seen and administered 27 proceedings worth approximately $80 million since its founding. The new rules aim to make the NCAC a more viable solution for businesses to settle […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) is the world’s largest free-trade bloc and eight years of negotiation are set to pay off when the pact is ratified by at least six ASEAN countries and three non-ASEAN countries. This is anticipated to come as soon as the end of this year. Cambodia is one of ten ASEAN […]
Read MoreWorld Bank on June 24 approved a $200 million International Development Association (IDA) credit for the Cambodia Relief, Recovery and Resilience Development Policy Financing Project (DPF), to provide a shot in the arm for the Kingdom’s Covid-19 fight and drive towards economic recovery. “The project will help Cambodia deal with the Covid-19 crisis by providing […]
Read MoreCambodia’s recovery from the economic impact of the Coronavirus pandemic may hurt the country’s banking sector if its pace is uneven, say experts. In a report on the risks to emerging market (EM) banks worldwide, Moody’s Investors Service said there are a number of risks to EM banks if the bounce back is a bumpy […]
Read MoreThe Cambodian recovery is beginning to take shape with the World Bank projecting that the economy will “expand moderately in the short-term”. The Kingdom’s economy contracted 3.1 percent last year and is forecast to grow by 4 percent this year under baseline conditions, according to the World Bank. Economic growth will be buoyed by increased […]
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