Cambodia’s public debt-to-GDP ratio remains low risk this year. This means the Kingdom is able to afford more debt to maintain economic growth while assuring good returns on its investments, says Jarkko Turunen, a senior economist at the International Monetary Fund (IMF). Turunen, who leads the IMF team conducting the 2018 Article IV consultation with […]
Read MorePHNOM PENH: Cambodia’s economic growth should stay at 7.25% this year and 7% next year, the International Monetary Fund (IMF) said on Tuesday. Bank credit, increasingly lent to the real estate sector, is expected to grow around 20% this year and along with credit quality and unregulated lending by real estate developers, continues to pose […]
Read MoreAs part of plans to adapt to technological trends, the government announced last week the construction of a centre inside one of the nation’s leading universities that will focus on the skills young tech entrepreneurs need to succeed in the digital economy. Dubbed the ‘Techo Startup Centre’, the facility will teach the skills demanded in […]
Read MoreThe Bank of Thailand has initiated a cross-border fund transfer with Cambodia, Laos, Myanmar and Vietnam (CLMV) by scanning QR codes in a move to facilitate deeper integration in the region. The money transfer service will help lower fund transfer costs in the region, particularly CLMV migrant workers in Thailand who are now charged 10% of […]
Read MoreSear Rithy, CEO of the Worldbridge Group, sits down with Khmer Times May Kunmakara to discuss the economic situation as well as current trends in the real estate and construction sectors. Mr Rithy stressed that the business community wants, above all, peace and political stability in the country. Khmer Times: Based on your experience, how […]
Read MoreThe number of foreigners issued with Cambodian work permits this year has more than doubled that of last year. The increase was driven by Chinese workers whose contribution alone could generate millions for the Kingdom’s economy each year. Figures from the General Immigration Department, which comes under the Ministry of Interior showed that from January […]
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