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Moody’s sees ‘solid growth prospects’ for Cambodia

Moody’s Investors Service says Cambodia has strong fiscal buffers to counter disruptions to trade and growth arising from the COVID-19 pandemic. In a statement released in Singapore Friday, the US credit rating agency said slowdowns in China, the EU and the US would deter Cambodia’s growth prospects this year, with GDP forecast to contract 0.3 […]

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Cambodia: More safety measures in place as tourism rises

The Ministry of Tourism will put in place additional measures in order to contain the coronavirus pandemic spread this week after local tourists have restarted travelling to eco-tourism destinations in the country within the last two weeks, according to Minister of Tourism. Thong Khon, Minister of Tourism said that during two weeks of May, the […]

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Cambodia: ‘Real-estate needs quick rebound’

Industry insiders have stated the rising level of unemployment will hurt demand for the local real estate market, which has already been hit by the global COVID-19 pandemic, but should see an uptake if the virus situation is resolved within 12 months. Georg Chmiel, executive chairman of Juwai IQI, told Khmer Times yesterday that rising […]

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Cambodia: Workers to receive entitlements next week

The 55,000 factory workers and 4,300 tourism workers, who have had their jobs suspended by the COVID-19 pandemic, will receive their $40 “out of work” monthly entitlements through their Wing Specialized Bank accounts next week. The Ministry of Labour spokesperson, Heng Sour, told Khmer Times that the government has already allocated its budget for the […]

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