Minister of Tourism Thong Khon said the ministry is laying the groundwork for a plan to revive international tourism by the fourth quarter of this year. “We will assess the quality of tourism services at all destinations and we will quickly establish tourism service standards in the context of COVID to ensure the safety and […]
Read MoreThe Royal Government of Cambodia plans to launch an economic recovery plan after the end of the Covid-19 crisis for 2021-2023 in order to restore pre-pandemic expectations and aspirations. At the 26th International Conference on The Future of Asia under the theme “Organising a New Era after the Covid Crisis: Asia’s Role in Reshaping the […]
Read MoreMoody’s Investors Service says Cambodia has responded effectively to the COVID-19 pandemic and expects more policy support in the wake of the Feb. 20 incident. “The government’s proactive management of the coronavirus has been largely effective, at least over the course of 2020,” the U.S. rating agency said in an annual credit analysis released Wednesday. […]
Read MoreMoody’s yesterday reaffirmed Cambodia’s B2 credit rating as the country anticipates lifting curfew measures instituted last month to curtail the spread of the pandemic. The ratings agency said that it expects 2.9 percent gross domestic product (GDP) growth after last year’s contraction. However, it noted that pre-pandemic growth will not be reached until at least […]
Read MoreUS credit rating agency Moody’s Investors Service said Wednesday it was maintaining its B-2 rating and stable outlook for the Government of Cambodia. “The stable outlook balances vulnerability to shocks stemming from what we view as a temporary disruption in growth, high dollarisation and potential financial vulnerabilities; against strong growth potential, robust government revenue generation […]
Read MoreRestructured loans at member institutions of the Cambodia Microfinance Association (CMA) totalled about $1.5 billion as of April, according to the organisation. CMA’s Executive Director Phal Vandy told local media that loans doubled from February to March this year and have increased at an even faster rate since then. Loans extended in April were seven […]
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