The Council for the Development of Cambodia (CDC) has approved four investment projects with a combined capital investment valued at $13.9 million and expected to create 3,315 jobs. It stated that the four projects focused on garment production and packing materials with factories located in Phnom Penh, Kampong Speu and Tbong Khmum province. Earlier this […]
Read MoreAs a pre-emerging to emerging economy, Cambodia has been tagged as a “most at risk” country by the World Bank’s recent economic outlook report. But the nation’s Central Bank has stated they have limited measures to administer independent fiscal policy to combat the recent global economic fallout from strict COVID-19 health measures. The World Bank […]
Read MoreThe Cambodian passport remains one of the ‘least powerful’ travel documents in the world, according to a new report. The latest Henley Passport Index, released by Henley & Partners, showed that Cambodia dropped one spot and is now ranked 89th globally. Early last year, the Kingdom was in the 87th spot, before sliding to 88th, […]
Read MoreThe Ministry of Tourism has announced $2.4 million in wage subsidies for the approximately 30,000 workers that have lost their jobs out of the almost 630,000 who work in the tourism sector, due to the ongoing COVID-19 crisis. In this third round of COVID-19 measures to support unemployed workers across the country, the government will […]
Read MoreThe risk of spreading COVID-19 through banknotes is one of the main concerns globally, but the Bank for International Settlements (BIS) – an international financial institution based in Switzerland said the probability of transmitting the COVID-19 virus through banknotes is low when compared to other frequently touched objects like card terminals. Mrs. Seng Phanara, a […]
Read MoreAn electricity transmission project to be undertaken by Malaysian owned Cambodian Transmission Limited (CTL) has managed to commercial funding and a financial guarantee from the Multilateral Investment Guarantee Agency (MIGA). The project comprises a 230kV transmission network that connects the Phnom Penh region with power generators in the east and northeast of the country. MIGA, […]
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