Cambodia’s economic growth will remain on course this year but will likely slow in the coming years to 6 percent as investment tapers off and credit growth tightens, according to an updated note by the International Monetary Fund (IMF) released on Friday. While the report did not predict economic growth figures for 2018 and 2019, […]
Read MoreAlthough traditionally overshadowed by its larger and more developed neighbours, Cambodia is determined to increase foreign investment in its rapidly growing economy. Despite concerns about possible political turbulence over the next year, strong economic indicators and government incentives make the country an attractive prospect for foreign investors. Speaking at the Bangkok Overseas Investment seminar last […]
Read MoreCambodia and Thailand will sign a Memorandum of Understanding (MoU) on cross-border trade in early November to comply with Thailand’s new customs law, which is due to come into effect on November 13. The announcement of the new MoU comes after the prime ministers of both nations, meeting during the Third Cambodia-Thailand Joint Cabinet Retreat […]
Read MoreCambodia has asked Singapore to consider buying more Cambodian agricultural products, particularly rice, pepper and mango. The request was made during a meeting on Tuesday between Foreign Minister Prak Sokhonn and his Singaporean counterpart Vivian Balakrishnan. “To further increase bilateral trade, the Cambodian Minister requested Singapore to consider importing agricultural products, namely rice, peppers, and […]
Read MoreInterest rates for microfinance loans issued in Cambodian riel have decreased to the same level as those given in US dollar, a change industry insiders claim is an upside for circulation of the local currency that is being driven in part by the 18 percent interest rate cap imposed by the central bank in April. […]
Read More(KPL) Representatives of ASEAN member countries of Cambodia, Lao PDR, Myanmar and Vietnam (CLMV) and Japan met in Vientiane Capital to discuss the promotion of the export of made-in-Laos agricultural products. “The majority, approximately 70%, of Lao people are engaged in agricultural production, so the agricultural development is very important to all people,” Vice Minister […]
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