The ASEAN+3 Macroeconomic Research Office (AMRO), in its release revealed the shared common situation of the ASEAN + 3 nations economic growth prospects for this and next year amid headinds caused by the Covid-19 pandemic. According to the report, Cambodia’s economic growth this year is projected at 2.7 percent, but will rise to 6.8 percent […]
Read MoreSmall and medium enterprises (SMEs) are expected to apply for a loan from the newly formed SME Bank of Cambodia to expand their production lines but first they want to see the end of COVID-19, according to the vice-president of Cambodia Chamber of Commerce. The Ministry of Economy and Finance on Friday officially launched the […]
Read MoreKhmer Times has been made aware of both local and foreign business owners running establishments classified as “restaurants” are being requested to close by local authorities stating anti-COVID-19 requirements. This is despite no current official laws for closure. As of now only schools, museums, cinemas, clubs, KTVs, bars, concerts, religious gatherings and large social gatherings […]
Read MoreThe National Bank of Cambodia (NBC) has called on the public to increase their use of riels, to assist the central bank to utilise the national currency as an instrument to effectively stabilise pricing and interest rates in the market during the COVID-19 crisis, according to the NBC’s director-general Chea Serey. Writing on her official […]
Read MoreLast year, the lead indicator of passenger arrivals by air saw Phnom Penh exceed 2 million, surging past Siem Reap for the first time in a decade. Research by hospitality consulting group C9 Hotelworks has also captured data showing a steady sustained growth trajectory, as passenger arrivals recorded double-digit growth rates from 2012 through 2018, […]
Read MoreCambodian Public Bank is responding to the Coronavirus crisis by taking pro-active action to provide help to its customers in distress by restructuring and rescheduling their loans to eligible individual and business customers. Among the concessions given are offering a loan repayment postponement, allowing loan interest only to be paid and extending the loan tenure […]
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