The International Monetary Fund (IMF) has forecast Cambodia’s GDP growth to accelerate from 4.2 percent this year to 6.0 percent in 2022, which would put the country among the fastest growing ASEAN economies next year. In its World Economic Outlook released in Washington Tuesday, the IMF also projected that Cambodia would have the region’s most […]
Read MoreWith more than 90 percent of registered companies in Cambodia being small and medium-sized enterprises (SMEs), experts yesterday highlighted the need for firms to embrace social media strategies if they wish to enter the global market. The yet-to-be ratified Regional Comprehensive Economic Framework trade deal and other free trade agreements (FTAs) have forged a path […]
Read MoreCambodia’s exports to the world’s largest economy increased in the first two months of this year. Data from the US Census Bureau showed that, from January to February, Cambodia exported $1.12 billion of goods to the US, a 3.3 percent increase compared with the same period last year. At the same time, Cambodia’s imports from […]
Read MoreNew figures paint a poor picture of exports for Cambodia, highlighting the debilitating effects of COVID-19 on trade. One reason is a massive increase of up to five times in the cost of shipping combined with a shortage of available containers. A total of 978 tonnes of fresh fisheries products were exported in the first […]
Read MoreThe International Monetary Fund (IMF) has forecast a 3.1 percent increase in Cambodia’s consumer prices for 2021 as the economy recovers from last year’s downturn. Its World Economic Outlook, which was released on Tuesday in Washington, includes a number of pertinent forecasts for the Kingdom. Among them are projections for consumer prices to rise by […]
Read MoreCambodia’s riel has remained relatively stable during the pandemic, despite the havoc wreaked on its economy from the loss in tourism and manufacturing jobs. Last week, Bloomberg named Thailand’s baht as Asia’s worst-performing currency. Tourism dollars contributed more than 62 percent to Thailand’s current account surplus in 2020 but after six years in the black, […]
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