Global financial institutions have provided a more positive outlook for Cambodia’s economic outlook because the country has been far less affected by COVID-19 than others. Cambodia’s Ministry of Economy and Finance (MEF) claimed that the prediction is based at least in part on the government’s comprehensive anti-COVID efforts. The World Bank’s October 2020 Economic Update […]
Read MoreAmid the COVID-19 pandemic, credit markets have been affected by the economic slowdown and financial institutions are increasingly moving towards digital delivery models, said Chea Serey, chairwoman of the Credit Bureau Cambodia (CBC) and also the general director of the National Bank of Cambodia. Digital delivery models refer to online channels of servicing customers. Serey […]
Read MoreThe International Monetary Fund (IMF) is projecting that Cambodia will be the third-fastest growing economy in ASEAN next year and the region’s fastest growing economy in 2025. In its World Economic Outlook released during the IMF’s annual meeting on Tuesday, Cambodia’s economy is forecast to shrink 2.8 percent this year — slightly more than the […]
Read MoreCambodia is gearing up for bilateral trade deals with partner countries after the partial removal of the EU’s trade preferential scheme, known as Everything but Arms (EBA), on Aug 12. Experts said the Kingdom should have rammed up efforts to negotiate free-trade agreements (FTAs) with other markets long ago to prevent the sudden loss of […]
Read MoreThe $3.5 billion China-built Dara Sakor International Airport in Koh Kong province is scheduled to be operational in mid-2021, close to three years after work started, according to a report from the State Secretariat of Civil Aviation (SSCA). It will be able to handle long-haul aircraft such as Boeing 777s and the Airbus A340. During […]
Read MoreThe government’s tax collection remains strong even during the COVID-19 pandemic, reaching more than $2.25 billion in the first nine months of this year, according to a report by the General Department of Taxation (GDT). The report shows that the amount increased 3.71 percent compared with the same period last year and was 78.10 per […]
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