Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ADB country director for Cambodia Sunniya Durrani-Jamal said: “The economy contracted by 3.1 […]
Read MoreA document outlining the new colour-coded designations for city areas indicates that garment factories and other manufacturing facilities in Yellow Zones may be allowed to re-open in earnest by April 29. “All work activities, occupations and businesses” are deemed “permitted” for those living and working in Yellow Zones, according to an outline detailing the COVID-affected […]
Read MoreThe Export-Import Bank of Thailand has thrown a credit lifeline to small Thai businesses in CLMV countries that have been hit by the pandemic as well as the crisis in Myanmar. EXIM Thailand is offering the SMEs a 3-year credit facility of up to THB20 million at 3.99 per cent interest per annum. Meanwhile, its […]
Read MoreThe Ministry of Tourism will work with the Ministry of Health to evaluate the feasibility of international tourists from low-risk countries and territories who have been fully vaccinated against the novel coronavirus to enter the Kingdom with little or no quarantine stay. The tourism ministry expects this to begin in the fourth quarter, in a […]
Read MoreConstruction of a new container terminal of Sihanoukville Autonomous Port has been delayed to early next year due to slower-than-planned layout design, according to the management. Japan International Cooperation Agency (JICA) is to provide an Official Development Assistance (ODA) loan for the first phase of the new terminal to the tune of 23,502,000,000 yen ($218 […]
Read MoreWith Cambodia registering hundreds of new COVID-19 cases daily, the public is increasingly turning away from cash payments to avoid face-to-face interactions. Last week, the Microfinance Association of Cambodia (MAC) and the National Bank of Cambodia (NBC) discouraged the use of physical currency to help curb the spread of the pandemic – “Banking and financial […]
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