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Cambodia: Requests for loans drop 34% in April-June

Applications for loans in the financial sector continued to drop in the second quarter of this year over concerns regarding the coronavirus outbreak and economic repercussions of the ensuing health crisis, according to a new report. Consumer credit applications decreased overall by 34 per cent, Credit Bureau (Cambodia) Co Ltd (CBC) said in its “Consumer […]

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Cambodia sets 2021 growth forecast at 2.5%

Cambodia drastically downgraded its economic forecast for 2021 to 2.5 per cent from the 4.1 per cent projection announced at the beginning of the year, due to the deteriorating Covid-19 situation. Prime Minister Hun Sen announced the revised prediction on August 1 at the launch of the vaccination campaign for the adolescent group aged 12-17, […]

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