The World Bank yesterday advised Cambodian policymakers to allow more time for the country to become an upper-middle income economy, asking the government to aim for 2035, instead of 2030, to graduate from the current income status. The recommendation to postpone the target by five years follows a WB revision of the country’s future economic […]
Read MoreCambodia and Vietnam has agreed on a speedy implementation of mechanisms to facilitate trade, achieve faster transport connectivity, and apply one-stop services at border gates to help achieve a $5 billion bilateral trade target. The commitment to boost trade was made during bilateral talks between Cambodia’s Deputy Prime Minister Prak Sokhonn and his Vietnamese counterpart […]
Read MoreThe World Bank on Wednesday released its latest edition of Cambodia’s economic outlook, expecting that the Kingdom’s economy will grow higher this year compared to last year. The World Bank Cambodia Economic Update, a biannual report that provides up-to-date information on short- and medium-term macroeconomic developments, said Cambodia’s economic growth rate will reach 7.1 per […]
Read MoreDue to robust national growth and moderating risks in the financial sector, credit rating agency Standard & Poor’s has revised the Banking Industry Country Risk Assessment (BICRA) economic risk trend for Cambodia to stable from negative. Despite the positive assessment, the sector remains “high risk” due to excessive loan growth, S&P said. In a report […]
Read MoreCambodia urged China to consider a package deal in negotiations on sensitive sanitary and phytosanitary issues regarding exports of agricultural products to Beijing, said Ho Sivyong, director of Export and Import Department at Ministry of Commerce yesterday. Mr Sivyong said with this proposal, negotiators will be able to discuss a regulatory framework that will accelerate […]
Read MoreCambodian rubber exports during the first 10 months are up 24 per cent, while the price decreased 18 per cent compared to the same period last year, figures from the Ministry of Agriculture, Forestry and Fisheries said. The General Directorate of Rubber director-general Pol Sopha said during the period, local producers exported 161,571 tonnes of rubber to […]
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