The Asian Development Bank (ADB) on Friday endorsed a new five-year country partnership strategy (CPS), laying out its support for Cambodia’s goal of becoming an upper-middle-income country by 2030. Under the 2019–2023 strategy, ADB will provide $1.45 billion in loans, grants, and technical assistance for agriculture and natural resources management, improving urban and rural living […]
Read MoreVietnam Airlines is considering unloading its ownership stake in Cambodia Angkor Air in light of the stiff competition the Cambodian carrier is facing. Airline Business published this month an interview with Duong Tri Thanh where the Vietnam Airlines chief executive talked about the possibility of selling the company’s stake in Cambodia Angkor Air. Vietnam Airlines […]
Read MoreThe on-and-off process of drafting a law that will properly regulate Cambodia’s ports is once again in motion. The Ministry of Public Works and Transport, the lead body tasked with drafting a Port Law, and the Japan International Cooperation Agency (JICA) recently organised an event that brought together representatives from the public and private sectors […]
Read MoreThe Cambodia Microfinance Association (CMA) yesterday said more than 2 million Cambodian families are currently using the services of a microlender, borrowing a combined $6 billion. Speaking at a workshop held at Phnom Penh Hotel yesterday, Kea Boran, chairman of CMA, said that 2.1 million Cambodian families are benefitting from the services of an MFI. […]
Read MoreRevenue at the General Department of Customs and Excise (GDCE) saw a significant increase during the first nine months of the year, growing by 35 percent over the corresponding period last year, GDCE’s director said last week. From January to September, the department collected almost $2.4 billion in revenue, the equivalent of 106 percent of […]
Read MoreIt has been a good year for Cambodia and its tourism industry. Less than a month after the Kingdom saw its tourism competitiveness go up, another major accolade has come its way. Cambodia’s ranking in the Travel and Tourism Competitiveness Index (TTCI) went up three notches to 98th after placing 101st globally last year. Last […]
Read More
Thailand
