The outflow of Foreign Direct Investment (FDI) from emerging market economies – such as Cambodia – have been recorded at their greatest levels in recent history, according to data collated by the International Monetary Fund (IMF). The impact has been attributed to the adverse effects on financial markets, consumption, investment confidence, international trade and weakened […]
Read MoreTourism industry insiders have called on the government to discuss the possibility of delaying interest and principal repayments for businesses within the sector that have been economically destroyed by COVID-19. The request follows a report from the Ministry of Tourism which shows that as of April 17, there are 2,698 hotels, guesthouses, restaurants and travel […]
Read MoreOwners of small businesses across Phnom Penh are being hit badly by the COVID-19 virus. They are being forced to cut staff and offer delivery services as customer numbers dwindle. Fares Islam has run successful Indian restaurant Namaste India in Street 15 for two years but because of the viral epidemic he has switched to […]
Read MoreA news conference held by the Ministry of Mines and Energy yesterday has shed light on the current economic impact on Cambodia’s emerging mining industry caused by the extreme volatility in commodity prices in both Cambodia and around the world. Oil extraction bleak The government’s plan to extract its first drop of Cambodian-sourced oil by […]
Read MoreThe Council for the Development of Cambodia (CDC) has given the approval for five new investment projects with a total investment capital of $21.3 million. According to the CDC, the new projects approved are expected to create more than 3,400 jobs for the locals. The five approved projects cover the production of eco-bags, garment, cakes […]
Read MoreMoody’s Investors Service says its negative outlooks for non-financial companies in the Asia-Pacific region are dominated by the auto, retail, hospitality and gaming sectors. In a report released in Hong Kong on Monday, the US rating agency said credit trends in the region would “remain negative” in 2020. “The coronavirus pandemic has massively disrupted global […]
Read More
Thailand
