The Cambodian government has recently called for efforts to improve the country’s infrastructure, including the revision and actioning of plans to push ahead with the Phnom Penh-Bavet expressway project, a move expected to boost business, investments, and trade with Vietnam. The efforts were called for by Prime Minister Hun Sen during his speech at the […]
Read MoreIndonesian Kudo, an app that connects merchants, combines payments and organises deliveries of retail products, is eyeing expansion into Southeast Asia, including Cambodia, Vietnam, and the Philippines. Kudo, part of the Grab group since 2017, already helps millions of offline Indonesians across the archipelago. Kudo is not a Grab consumer app, or ecommerce app, but […]
Read MoreCambodia became the latest country in Southeast Asia to host the launching of a new book about the Association of Southeast Asian Nations (Asean). The launching of ‘An Evolving Asean: Vision and Reality’ was held yesterday at the Cambodia office of the Asian Development Bank (ADB). The book, which compiles the writings of seven leading […]
Read MoreCargo traffic at Sihanoukville Autonomous Port (PAS), the country’s sole deep-sea port, rose by 18 percent during the first nine months of the year compared with the same period last year. From January to September, cargo traffic at PAS increased substantially, according to Lou Kim Chhun, the port’s chairman and CEO. He noted that the […]
Read MoreCambodia’s economy currently faces challenges including credit growth in the construction and real estate sectors, rising indebtedness and the possible withdrawal of the EU’s Everything But Arms (EBA) agreement, said the World Bank Group’s latest forecast report on the Asia-Pacific economies. The report, released on Thursday, said total outstanding loans from banks and microfinance institutions […]
Read MoreThe World Bank unveiled its latest economic update yesterday, entitled Weathering Growing Risks, and highlighted regional and global challenges that will, the report suggests, trickle down to affect Cambodia’s growth. Real GDP growth as reported by the World Bank held steady at 7 percent in 2016 and 2017, jumping up to 7.5 in 2018 – […]
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