Cambodia spent $971.30 million on imports of petrol and diesel in the first five months of this year, up by 57.36 per cent from the $617.24 million shipped in during the corresponding period in 2021, according to the commerce ministry. Petrol imports were $341.94 million, up by 103.11 per cent year-on-year from $168.35 million, while […]
Read MoreCrypto exchange Binance has signed a memorandum of understanding with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement. Binance and SERC will work together to develop digital assets regulations in the country. SERC is looking to leverage Binance’s technical expertise and experience in the field to develop its own […]
Read MoreCambodia’s technology-based startups have grown rapidly in recent years, with the supporting ecosystem boosted by policies and infrastructure geared toward their development, according to a new report by the Asian Development Bank (ADB). Programmes including Khmer Enterprise and the Startup Cambodia National Programme have emerged to help startups in areas such as digital platforms, seed […]
Read MoreIn its Consumer Payment Attitudes 2021 study, Visa highlights a rapidly changing payment landscape in Cambodia, with cash losing ground to digital alternatives, said Visa in a news release issued on June 29. Fourteen percent of Southeast Asian consumers currently do not use cash and this trend is led by consumers in Cambodia (36 percent), […]
Read MoreCambodia’s economy is expected to grow by 4.5 percent in 2022, according to the latest World Bank projections. Weathering the Oil Price Shock, the Bank’s June 2022 economic update for Cambodia, shows that while domestic economic activity and goods exports continue to recover from the slowdown caused by Covid-19, growth remains uneven, with the war […]
Read MoreHigh Covid-19 vaccination rates and free trade agreements (FTAs), namely the Regional Comprehensive Economic Partnership (RCEP) and the Cambodia-China FTA (CCFTA), have been helping boost Cambodia’s economic recovery, said a World Bank economic update report released on Thursday. Cambodia’s economy will grow by 4.5 percent in 2022 and around 6 percent annually for the medium […]
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