Nearly 9,000 domestic trips were made to tourist destinations in the first week after the government lifted an inter-provincial travel ban and reopened tourist-resorts, according to Minister of Tourism on May 3. The travel ban and closures of all resorts were imposed on April 6 and 17 respectively in a bid to curb the spread […]
Read MoreThe private sector threw its weight behind nongovernmental organisation (NGO) Rescue Task Force (RTF) over the weekend as it distributed goods directly to 100 families in Red Zones across the capital’s Steung Meanchey district. A total of 1,500 kilogrammes of rice, 200 kilogrammes of sweet potatoes, 100 bottles of fish sauce, 400 tins of sardines, […]
Read MoreCambodia on Saturday imposed a ban on the imports of frozen meat and meat products from India in further efforts to prevent the spread of COVID-19 in the Southeast Asian country, said Kun Nhim, director-general of Cambodia’s General Department of Customs and Excise (GDCE). The ban took effect immediately and until further notice, he said […]
Read MoreThe National Bank of Cambodia (NBC) and the Ministry of Posts and Telecommunication signed a memorandum of understanding (MoU) aimed at fostering the country’s ambitious plan of transforming itself into a digital economy over the next few years. The MoU was signed virtually on April 29 between NBC director-general Chea Serey and ministry secretary of […]
Read MoreAmid the raging COVID-19 pandemic, Cambodia’s economy in 2020 registered its slowest growth since 1994. However, the country’s growth is projected to rebound this year, thanks to its newly-signed bilateral free trade agreement with China and the Regional Comprehensive Economic Partnership (RCEP). A government report showed that the Southeast Asian nation’s economy shrank 1.9 percent […]
Read MoreWhile the lingering lockdown and spillover effects from the recent spate of COVID-19 cases clouds all economic predictions in Cambodia with uncertainty, Asian Development Bank’s (ADB) Cambodian branch believes recovery is on the horizon for the economy this year and next, with annual growth of 4 and 5.5 percent, respectively. The team discussed Cambodia’s status […]
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