The International Monetary Fund (IMF)said that the outlook for some Asia Pacific countries were much brighter, including Cambodia which is forecasted to have a nominal combined GDP projected growth of 1.0 percent this year before surging 8.5 percent next year. A Phnom Penh based investment and financial consultant said that for Cambodia to achieve the […]
Read MoreThe Microfinance Association of Cambodia (CMA) has said that the association, including its members, are dealing with the clients of microfinance institutions affected by the COVID-19 epidemic on the loan restructure. They said CMA remains open for official access to finance from the people through the financial system, and ensuring the finance is inclusive and […]
Read MoreThe government has announced that they will not hold the 100 percent stake on the national flag carrier Cambodia Angkor Air, which is now facing turbulent times with the minority partner putting its stake for sale, including its five aircraft. The national flag carrier, Cambodia Angkor Airline is a joint venture with Vietnam Airline. Cambodia […]
Read MoreThe International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, caused by extreme COVID-19 quarantine measures. If the prediction is […]
Read MoreLocal tourism and visa-dispensing businesses are dealing with the domino effect of the COVID-19 pandemic. While the months of April and May are usually the time when the summer travel season begins – a peak earning time for the hospitality and tourism industry – “stay at home” orders issued by governments around the world to […]
Read MoreThe COVID-19 pandemic is driving the airlines, hospitality, restaurants and related support industries to the brink. Amid all these, Cambodia Angkor Airline the national carrier of Cambodia, a Cambodia, Vietnam Airline joint venture, is facing turbulent times with the minority partner putting its stake for sale, including its five aircraft. Sin Chansereyvutha, spokesman of the […]
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