Cambodia slid further down the rankings of global competitiveness on this year’s Global Competitiveness Report, which showed the Kingdom dropping five notches on the annual index to hold its position as the second least competitive country in Asean after Laos. Cambodia ranked just 94 out of 137 economies, falling from 89 last year, on the […]
Read MoreUS-based Uber officially launched its ride-sharing service in Cambodia yesterday, making good on its expansion plans in Asia. According to Uber, Cambodia is the first country in Asia to implement a dedicated ride-sharing framework even before the company’s services were launched. Cambodia is now the 78th country in the world where Uber is available. Uber’s […]
Read MoreUSAID Cambodia officially launched its Feed the Future Cambodia Harvest II project yesterday, a five-year initiative that aims to promote commercial horticulture in four Cambodian provinces and help smallholder farmers gain access to markets, reducing the country’s high dependence on imported fruits and vegetables. The $17 million US-government funded project will use a buyer-led approach […]
Read MoreBusiness tycoon Try Pheap signed a memorandum of understanding (MoU) on Tuesday with a Beijing-based company that aims to establish a 100-hectare automotive assembly plant in the Kingdom’s Kampot province with initial capital investment of $30 million, according to reports in local media. The plant will produce everything from trucks to cars and motorcycles, as […]
Read MoreThe Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 7.1 percent for 2017 and 2018 buoyed by the strong performance of developing economies across Asia and the ongoing recovery of large industrial countries, according to a release yesterday. In an update of its flagship annual economic publication Asian Development Outlook (ADO) […]
Read MoreThe government spent far less than half of its approved $5 billion budget for expenditures in 2017 during the first six months of the year, according to a new report by the Ministry of Economy and Finance (MEF). The report, released on Monday, showed the government spent $1.38 billion of its national budget during the […]
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