The World Bank in its Economic Update released Wednesday said the tourism and hospitality industries are likely to accelerate further, with projected increases in international arrivals and domestic tourists once the pandemic is becomes history. Agricultural production and agroprocessing industries continue to be boosted by newly ratified free trade agreements. In addition to the Cambodia-China […]
Read MoreThe World Bank in its report released yesterday said Cambodia’s goods export growth accelerated, surpassing its pre-pandemic growth rate. In the first 8 months of 2022, merchandise exports surged, growing at 28.6 percent y/y, driven largely by exports of main manufacturing products, namely garment, travel goods, and footwear, which grew at 30.3 percent y/y. Merchandise […]
Read MoreThe Asian Development Bank (ADB) has approved a $50m policy-based loan aimed at supporting the government of Cambodia to diversify the country’s economy and boost its global competitiveness. The loan will support Cambodia’s post-COVID-19 economic recovery by supporting government reforms to enhance the investment and business environment; foster the growth of micro, small, and medium-sized […]
Read MoreCambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come, the World Bank said in a report released yesterday. The World Bank forecasts economic growth of 4.8 percent in 2022 as the post-pandemic economic recovery expands thanks to a rebound in tourism, the World […]
Read MoreCambodia’s economy seems to be going strong on the recovery path after the Covid-19 pandemic that roiled the world’s economy, according to a World Bank report released on Wednesday. However, global economic headwinds, like slowing world trade growth, are likely to pose risks to a positive outlook in the coming months, adds the World Bank’s […]
Read MoreA delegation of investors and businesspeople from the United States on Monday met the commerce minister and expressed their desire to invest in Cambodia’s agriculture sector to export agricultural products to the US market and the rest of the world, said a release by the Ministry of Commerce (MoC). The delegation expressed their intention during […]
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