Hanoi (VNA) – The Prime Ministers of Cambodia, Laos and Vietnam (CLV) have reaffirmed their commitment to further deepening comprehensive cooperation among the three countries and building integrated, sustainable and prosperous CLV economies, an indispensable part of the ASEAN Community Vision 2025. The three PMs signed a Joint Declaration on the CLV Development Triangle Area cooperation […]
Read MoreSingapore-based ride sharing company Grab announced last month it had acquired the Southeast Asia operations of the giant US ride-sharing operation Uber. With the deal, Grab says it will extend its leadership as the most cost-efficient Southeast Asian platform as it takes over Uber’s operations and assets in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, […]
Read MoreThe National Bank of Cambodia (NBC) called for authorities yesterday to stop some small rural credit institutions from taking deposits from people by promising higher interest rates. The central bank said some rural credit institutions which had just transformed themselves from non-governmental organisations were lobbying people to make deposits. “The National Bank of Cambodia would […]
Read MoreCambodia ranks 4th in the top ten most welcoming countries for foreign residents, the latest survey from Expat Insider shows. The survey rated Cambodia’s friendly attitude towards expats at 92 percent. Ease of making local friends was put at 59 percent, and the proportion of expats likely to stay forever was 23 percent. “Moving to […]
Read MoreIndonesian low-cost carrier Lion Air will soon commence direct flights to Cambodia in order to boost business, trade and investment between the two Asean member states. During a meeting with the between both countries, Indonesia’s Coordinating Minister for Maritime Affairs, Luhut Binsar Pandjaitan told Prime Minister Hun Sen that Cambodia has been developing stronger economic […]
Read MoreChina’s financing of Belt and Road Initiative projects in Cambodia could lead to increased debt distress, according to a recent analysis, though the Kingdom’s low overall debt makes it unlikely to default in the near future. According to a policy paper released by the Center for Global Development, Cambodia will likely see a significant rise […]
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