Many businesses have re-opened since June but sales are still down significantly, especially micro, small and medium-sized companies (MSMES), with firms in Siem Reap very badly hit, according to the World Bank’s Cambodia Business Surveys (BPS). The BPS was taken to understand the economic effects of COVID-19 on companies. It was conducted in June and […]
Read MoreThis week the IP Key South-East Asia (SEA) project, funded by the European Union (EU), launched the second phase of the “Your Health Is Priceless” campaign to promote consumer awareness and avoidance of counterfeit cosmetics and personal care products, including beauty goods such as skincare and face injections. The cosmetic sector in Cambodia is projected […]
Read MoreCambodia’s economy is projected to contract by 2 percent in 2020, but is expected to bounce back and grow by 4 percent in 2021, according to Restrained Recovery, the World Bank’s latest economic update for Cambodia, published Wednesday. With the easing of social distancing measures, domestic economic activity is gradually returning to normal. Consumption is […]
Read MoreCambodia’s exports in clothes, footwear and travel goods were down 9 percent for the first 10 months of the year measured against 2019 year-to-date (YTD) figures, according to data from the General Department of Customs and Excise (GDCE). The total value of these export products between January and October was $8.215 billion. Broken down by […]
Read MoreAs commuters shun public transport and look to keep fit during pandemic- induced lockdowns, the demand for bicycles has skyrocketed, giving some Cambodian industries a much-needed break. According to the Ministry of Commerce, more than 1.5 million bicycles were exported as of the end of the third quarter this year, bringing in some $400 million […]
Read MoreIn just over two weeks, the year 2020, which has been severely hit by the pandemic will come to an end, and with that, hope that the year 2021 will bring scope for economic improvement, especially from the likely availability of anti-COVID vaccines. In October, the Asian Development Bank (ADB), World Bank, and Cambodian government […]
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