The Ministry of Public Works and Transport (MPWT) held consultations to decide the location of National Ring Road 4 around Phnom Penh. Once complete, it is expected to ease traffic and freight transportation. But the location of the project is being kept under wraps to avoid a rise in land prices, a trend that has […]
Read MoreFlooding has created uncertainty over the Kingdom’s economic outlook this year, with various figures bandied about and thousands of households and paddies affected. However, economists are optimistic that even though the country has been hit by flash flooding, adding to the COVID-19 pandemic and also the partial loss of the everything but Arms (EBA) trade […]
Read MoreCambodia’s export of travel goods and bags are expected to rise to about $1 billion in 2020 while the number of factories producing the products increased to 101. Speaking at a meeting on the implementation of Better Factories Cambodia (ILO-BFC) project for travel goods and bag factories and enterprises Ith Samheng, Minister of Labour and […]
Read MoreConcerns have been raised that taxpayers are being unfairly targeted by the General Department of Taxation’s (GDT) continued drive to increase tax revenue through, at times, allegedly unnecessary or questionable auditing practices, towards businesses that are already particularly hit hard by the COVID-19 pandemic. There are claims that while robust economic growth and a widening […]
Read MoreMore than 260,000 applicants received approval to restructure their loans from microfinance institutions as of October. The Cambodia Microfinance Association (CMA) is now discussing with its members about extending loan restructuring to next year, according a senior officer of the Microfinance Association (CMA). Kaing Tongngy, head of CMA’s communications department, said the trend of requesting […]
Read MoreRecovery in CLMV countries will be slow and choppy, with binary risks, conditional on containing a “second wave” said Maybank Kim Eng in a report on Monday. Analysts Linda Liu and Chua Hak Bin maintained VIetnam’s GDP growth at +2.9 per cent for 2020 but lowered their forecasts for Cambodia, Myanmar, and Laos. Cambodia specifically […]
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