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Cambodia: Moody’s projects 80% drop from 2019 tourism, gives ‘stable’ rating

Moody’s Investors Service upheld Cambodia’s B2 stable rating in its Inside ASEAN report. “Cambodia’s credit profile balances its strong growth trajectory, robust fiscal metrics and low external vulnerabilities against financial stability risks stemming from sustained, high credit growth compounded by weak institutions and high dollarisation,” the credit opinion read. The US-based rating agency determines a […]

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Moody’s says outlook stable for Cambodia’s credit rating

Moody’s Investors Service announced Monday stable outlooks for the sovereign credit ratings of six ASEAN countries including Cambodia. In the March edition of its Inside ASEAN report, the U.S. rating agency said outlooks were stable for Cambodia (rated B2), Indonesia and the Philippines (both Baa2), Malaysia (A3), Singapore (Aaa) and Thailand (Baa1). At the same […]

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Vietnam-Cambodia trade up 64 percent in two months

According to the Vietnamese trade affairs office in Cambodia, Vietnam exported $728.4 million worth of goods to the neighbouring country in the period, a rise of 8.6 percent, while importing more than $603 million, up 335 percent. Vietnam mainly shipped steel, oil and gas, garment-textiles, consumption goods, and other agricultural products like fish, meat and […]

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Cambodia: Banks need integrated automated payment system

Cambodian banks must integrate automated payment processing, according to Sabay Digital Corp’s co-founder Mike Gaertner. Its absence is a gaping hole in the Kingdom’s financial services. As a result, the Kingdom is notably left out of crucial consumer behaviour shaping the 21st century, including subscription services. “Introducing automated payment processing is the single-most important thing […]

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Cambodia, Thailand bilateral trade down Jan-Feb

Bilateral trade between Cambodia and Thailand was valued at $1.298 billion for the first two months of 2021, a slide of 20.5 percent downwards year-to-date. Data from Thailand’s Ministry of Commerce cited Cambodian exports for the reporting period of $225 million, down 47 percent from last year. Cambodian imports from Thailand reached $1.073 billion, an […]

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