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Cambodia – Moody’s: Kingdom’s rating at risk from climate change

Moody’s Investors Service is warning Cambodia’s credit rating may be in jeopardy because the Kingdom is significantly more vulnerable to climate-based economic risks than other countries. “EMs [emerging markets] in [Asia-Pacific] stand out for their exposure to flood risk, which is highest in Cambodia, the Philippines and Thailand,” the rating agency said. Of the three […]

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Cambodia: Legal recourse for the locked-down construction sector

The construction sector faced unique challenges during the recent lockdown which ended yesterday, but there is legal recourse available to construction companies, including filing claims for force majeure (uncontrollable events) and change of law. Charles Amar, real estate law expert and vice-chairman of EuroCham’s Real Estate and Construction Committee, discussed these options during a virtual meeting hosted […]

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Cambodia: Q1’s total exports increase by 5 percent YTD

Cambodian total exports rose in the first quarter of this year, reflecting demand in international markets as big countries around the world started their economic recovery. Cambodia’s total product exports were valued at $3.805 billion in the first quarter this year, a 5 percent increase compared with the same period last year, according to figures […]

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Cambodia: Kingdom isolated from highest credit defaults

Moody’s Investor Service reported the pandemic boosted corporate defaults in emerging markets (EM) to 7.7 percent in March, but that figure is projected to fall to 4 percent by year-end. “The recovery is likely to be uneven across EM countries and, thus, default rates will vary between countries. A resurgence of virus infections, slow vaccinations, […]

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