Moody’s Investors Service said Tuesday that Cambodia’s risk of external debt vulnerability was still contained. In its latest assessment of the impact of Covid-19 on Asian and the Pacific, the U.S. rating agency said “liquidity pressures will continue to haunt some frontier market sovereigns. Moody’s estimated that most frontier markets — which include Cambodia, Laos […]
Read MoreThe negotiations on the Kingdom’s proposed free trade deal with South Korea are progressing slowly despite the fact all parties aimed to come up with finalised drafts by the end of 2020. However, the China-Cambodia Free Trade Agreement CC-FTA) ratification is to be announced early this year. Pen Sovicheat, undersecretary of state at the Ministry […]
Read MoreMore than 1.28 million international tourists visited the Kingdom between January and November 2020, based on arrivals numbers released by the Ministry of Tourism. This represented a drop of 78.2 percent year-to-date (YTD) in international tourists compared with the same period in 2019 when 5.89 million tourist arrivals were recorded. The COVID-19 pandemic was cited […]
Read MoreThe government has announced it will make good use of future “oil money” by directing some of it to the promotion of digital education designed to meet the domestic demand for technical and skilled personnel. In his address yesterday welcoming students back to the classroom, Prime Minister Hun Sen suggested the Ministry of Education should […]
Read MoreBangchak Corporation (BCP), a mostly state-owned energy firm, is planning to increase its Inthanin coffee houses overseas to grow its non-oil business after the pandemic calms down. BCP chief marketing officer and senior executive vice-president Somchai Tejavanija said the company will start with 3-5 new cafes in Laos. Inthanin Coffee claims to be environmentally friendly, […]
Read MoreAll imports of farmed fish from neighbouring countries have been temporarily banned in efforts to promote locally farmed fish in the Kingdom, said Ministry of Agriculture, Forestry, and Fisheries recently. The temporary ban is following a meeting held at the ministry on January 8 together with Cambodian Aquaculture Association representatives, fish vendors, importers and exporters. […]
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