Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. Garment and footwear exports, which account for around 70 per cent of […]
Read MoreCambodia and South Korea yesterday announced they have signed an agreement to launch a joint feasibility study into the creation of a free trade agreement. The agreement to conduct the study was signed between South Korea’s Trade Minister Yoo Myung-hee and Cambodian Commerce Minister Pan Sorasak in the Korean city of Busan, where a two-day […]
Read MoreBankers in Southeast Asia have been urged to focus on digital innovation to improve their operations. The bankers were encouraged to adopt the latest technology in the industry at the Asean Banking Conference, held yesterday in Phnom Penh. The three-day event, which focused on the digital transformation of banking and financial services in Asean, was […]
Read MoreAcknowledging the potential that Cambodia holds in terms of air travel and tourism, budget airline AirAsia is eyeing to expand into Cambodia through partnership with a local player. The Nikkei Asian Review reported this week that Cambodia is among three countries in Asia where AirAsia is looking at having a local affiliate. The report also […]
Read MoreThe government last week said the extractive industry is on course to become a main economic pillar. Cambodia’s economic development is mostly driven by the construction, real estate, tourism, garments and agricultural sectors, but the government is working to diversify, with the extractive industry set to become an important source of growth, said Suy Sem, […]
Read MoreCambodia’s quality and diversity of job opportunities are improving but need new policies to take advantage of the global market in the future, the World Bank said. Its report, entitled The Future of Jobs: Linking to the Economy of Tomorrow, which was released on Tuesday, showed that of eight million jobs in Cambodia, 37 per cent […]
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