Cambodia exported $1.325 billion worth of “footwear, gaiters and the like; parts of such articles” in the first nine months of 2022, up 32.69 per cent year-on-year from $998.238 million, Customs data show. However, industry insiders have reported a material slowdown in new orders in the third quarter, and other signs of possible weakness in […]
Read MoreThe Kingdom’s banking and financial system has maintained sound growth momentum despite Covid-19-related setbacks over the past couple of years, according to a senior official at the central bank on October 31. Rath Sovannarak, director-general of the National Bank of Cambodia’s (NBC) Banking Supervision Department, was speaking at an outdoor event on the occasion of […]
Read MoreIncreasing food and energy price inflation is likely to have a significant impact on families in low-income countries and emerging markets in the Asia Pacific region, according to IMF. The share of families living below half of the annual income per capita may increase up to one percentage point in some countries, said IMF in […]
Read MoreTo achieve the projected growth rate of 6.6 percent in 2023 and take the gross domestic product (GDP) to 131,276 billion riels or about $32,291 million, the Cambodian economy will have to be supported by key economic sectors. The industrial sector is projected to grow at 9.2 percent in 2023, similar to the 2022 growth […]
Read MorePHNOM PENH – The Belt and Road Initiative (BRI) projects have played an important role in deepening pragmatic cooperation between Cambodia and China, Cambodian officials and experts have said. Kao Kim Hourn, a minister attached to the Prime Minister of Cambodia, said BRI is one of the important frameworks helping Cambodia attract investment for infrastructure development. […]
Read MoreThe International Monetary Fund (IMF) expects higher food and energy prices to have similar impacts on relative poverty in Cambodia and Vietnam. In its outlook for Asia and the Pacific released in Singapore last week, the IMF also said that the consequences for vulnerable Cambodian and Vietnamese households were likely to be about five times […]
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