Cambodia’s local property sector has been described as “flat” while condominiums and boreys are tagged to be the hardest hit during the COVID-19 pandemic because the listings will eventually need to be put up for sale under current market prices in the coming months, according to an industry insider. Grant Fitzgerald, country manager of Independent […]
Read MoreAEON MALL Cambodia, it houses popular brand stores such as Mango, Levi’s, Timberland, Ecco, Puma, Adidas, Adidas Original, Armani Exchange and Superdry to name just a few, along with Aeon’s own store selling well-known brands, homeware, and groceries. There’s an extensive food court on the ground floor and the second floor, plus a modern entertainment […]
Read MoreThe World Bank expects the Cambodian economic activity to shrink 1 percent this year before rebounding to 6 percent next year under its baseline scenario for the country. Under this scenario, contained in the bank’s biannual update for Cambodia released Friday, agriculture would have the only positive contribution to GDP in 2020. Agricultural activities are […]
Read MoreMANILA, Philippines — The World Bank has approved a fresh $500-million loan to the Philippines to help the country fund its social assistance and wage subsidy programs for small and medium enterprises amid the coronavirus pandemic. The Philippines Emergency COVID-19 Response Development Policy Loan will support the social amelioration program for 18 million low-income families […]
Read MoreThe World Bank has said that the COVID-19 pandemic is hitting Cambodia’s main drivers of economic growth—tourism, manufacturing exports, and construction, which together account for more than 70 percent of the country’s growth and almost 40 percent of paid employment. The bank said that Cambodia’s economy in 2020 is expected to register its slowest growth […]
Read MoreThe number of local tourists reached nearly 400,000 in just three weeks this May after fears of Coronavirus appeared to ease, according to Ministry of Tourism figures, but insiders say it’s not enough to restore the sector to normal. Minister of Tourism Thong Khon said that during the last three week to May 24, local […]
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