Defaults are expected to be highest in the hotel, gaming and leisure sector along with oil and gas. And all of these will affect globally including Cambodia, as now tourism, service, construction start affecting, especially during the COVID-19 pandemic. Moody’s Investors Service raised its default forecast for the end of the year Monday to 10.6 […]
Read MoreThe Council for Development of Cambodia (CDC) has given the green light to six new investment projects with a total investment capital of $23.5 million. According to two separate CDC’s press releases, the new projects approved are expected to create more than 4,000 jobs for the locals. The six approved projects cover the production of […]
Read MoreDue to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United States and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. Khmer Times spoke to Penn Sovicheat, the under-secretary of state and spokesperson for the […]
Read MoreVietnam Airlines, the 49 percent shareholder of the Cambodian national airline, Cambodia Angkor Air, has said that it is looking to divest its shares in the airline. Cambodia Angkor Air currently has five A321 aircraft and is said to be currently in an advanced stage of negotiations to sell the aircraft and the stake to […]
Read MoreA senior official of the Ministry of Commerce said negotiations on the free-trade agreement (FTA) between Cambodia and China have achieved about 70 percent success so far and they are expected to sign the agreement by the end of the year. Secretary of State of the Ministry of Commerce Sok Sopheak said that during the […]
Read MoreAgriculture Minister Veng Sakhon has ordered all agriculture departments to take immediate measures to ensure the food security of the country in response to the the outbreak of COVID-19. Veng Sakhon told the General Directorate of Agriculture to record the stock of paddy and rice in rice mills, communities and in each household to get […]
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