The sub-decree that Prime Minister Hun Sen signed Monday for the complete implementation of Law on Investment will provide bounteous incentives and options to local and foreign investors compared to the previous offers, said experts. According to experts, the government has offered two options to investors for qualified investment projects or QIPs, which would be […]
Read MoreCambodia is expected to benefit from a rebound in China in 2023, an economist told Khmer Times yesterday. According to the World Bank’s Cambodia Economic Update: Post-Covid-19 Economic Recovery, Cambodia’s economic recovery solidified in 2022, when real growth accelerated to 5.2 percent. Reiterating the view of the World Bank, Oudom Cheng, an economist at National Bank of […]
Read MorePrime Minister Hun Sen yesterday said that the service sector is expected to become Cambodia’s largest by gross domestic product (GDP) composition, replacing industry and agriculture. The Covid-19 pandemic has had a devastating impact on the tourism and travel sector, disrupting businesses across all types of industries. Nearly 1,200 establishments in the tourism industry were […]
Read MoreCambodia’s exports to Thailand are growing steadily, a sign of economic growth across all sectors and rising demand for goods, particularly agricultural products. Cambodia exported $480 million worth of goods to Thailand in the first five months of this year, a year-on-year increase of 10 percent, according to a report from the General Department of […]
Read MorePrime Minister Hun Sen yesterday said that the dependency of riel on foreign currencies is not a big issue, even though their circulation in the economy has experienced some minor impacts from the financial or economic crises that have happened in the regional and global contexts recently. He made these remarks while interacting with more […]
Read MoreRapid rise in illegal lending during the pandemic as well as the post-pandemic period has created new challenges before the microfinance sector, especially in rural areas, according to the latest study carried out by a group of researchers on informal debts and microfinances in Cambodia. The study sponsored by the National University of Singapore also […]
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