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Cambodia: Productivity cuts into growth

Cambodia’s GDP growth fell below the 7 percent mark for the first time since 2011 last year, signalling a need for the government to address the country’s low productivity and insufficient public infrastructure spending, according to a World Bank report released yesterday. Economic growth projections for 2016 fell to 6.9 percent, slightly lower than the […]

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Cambodia: Steady FDI helps keep economy on course

Total foreign direct investment receipts have remained consistent over the past five years, according to a new government report that incorporates central bank data. FDI inflows have ranged from $1.5 billion to $2 billion a year between 2012 and 2015, according to the biannual Macroeconomic Outlook issued by the Ministry of Economy and Finance. Meanwhile, […]

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Cambodia: World Bank warns of risks to growth

While Cambodia’s real growth is projected to remain strong, expanding at 6.9 percent in 2017 and 2018, the World Bank warned in a report released yesterday that the risks to this outlook include the fallout from further rises in US interest rates, a slower-than expected economic recovery in Europe, and uncertainties over global trade.  “US […]

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CAMBODIA holds back on AIIB loans

Cambodia has yet to set its loan application policies to borrow funds from the Asian Infrastructure Investment Bank (AIIB) because the country can still get highly concessional rates from development partners, Minister of Economy and Finance Aun Pornmoniroth said. Mr Pornmoniroth said at a meeting with AIIB president Jin Liqun at the sidelines of the […]

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Cambodia: Wing ready to swoop into Myanmar

Wing, which pioneered the agent-based money transfer business in Cambodia, will expand the model into Myanmar this year, tapping into the Southeast Asian country’s largely unbanked population of 55 million, the company’s chief executive said. Jojo Malolos, CEO of Wing Specialised Bank (Cambodia), said the company signed with Myanmar-based Mingalabar this March and the partners […]

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Vietnam: Deficit to pressure exchange rates

HA NOI – Exchange rates will face pressure to rise this year due to an anticipated trade deficit, according to the National Financial Supervisory Commission (NFSC). Vietnam’s trade deficit was forecast at 3.5 per cent of the total import and export value. In the first four months of this year, Vietnam ran a trade deficit […]

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