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Cambodia > Economy

Kingdom’s factory registrations on the rise in 2017

13/12/2017 07:43 | 0 comments

More than 115 new factories were registered during the first nine months of the year, an increase of 7.5 percent compared to the same period last year, creating over 50,000 jobs, according to data from the Ministry of Industry and Handicraft.

Cambodia > Economy

Kingdom on track for good 2018, says AMRO

12/12/2017 09:49 | 0 comments

Cambodia’s economic growth is expected to remain stable this year and the next, but structural reforms and a rebalancing of the budget is critical in the medium term to sustain economic growth, the Asean+3 Macroeconomic Research Office (AMRO) said yesterday in a report.

Cambodia > Economy

Island nations offer advice on development of infrastructure

12/12/2017 09:46 | 0 comments

At a regional conference held in Phnom Penh yesterday, international officials met to discuss how Cambodia needs to adopt a more resilient infrastructure strategy to ensure stable economic growth by taking lessons from regional counterparts and seeking out their guidance.

Cambodia > Economy

Business Insider: Finding solutions for farmers

11/12/2017 07:51 | 0 comments

While agricultural development for Cambodian farmers has largely been led by short-term NGO schemes delivering mixed results, Tommy Christensen, chairman and CEO of Green Country Development, believes that if the proper private sector model were implemented, farming in the Kingdom could be more profitable and sustainable. The Post’s Kali Kotoski sat down with him to discuss some of his ideas.

Cambodia > Economy

Big trouble in little China?

08/12/2017 08:01 | 0 comments

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts as well as restaurants, street stalls and shops on the once-sleepy city streets.

Cambodia > Economy

Local officials given power to issue ag origin certificates

07/12/2017 08:07 | 0 comments

In a bid to decentralise the certificates of origin (COs) process to help promote international exports and ease cross-border trade, the Ministry of Commerce launched a pilot project yesterday that allows officials in the provinces of Battambang and Pailin to directly issue certification.

Cambodia > Economy

World Bank says more needed to end poverty in Kingdom

06/12/2017 08:11 | 0 comments

Cambodia may have reduced its levels of extreme poverty to the single-digits, but its middle class is nearly nonexistent and approximately half of its population remains highly susceptible to economic shocks, according to a World Bank report released yesterday.

Cambodia > Economy

Bangladesh PM signs MoUs during state visit

05/12/2017 08:03 | 0 comments

Bangladeshi Prime Minister Sheikh Hasina arrived in Phnom Penh yesterday and is expected to sign two agreements and nine memorandums of understanding (MoUs) with the Kingdom in support of trade, economy, investment and technical cooperation initiatives between the two countries.

Cambodia > Economy

Bangladesh PM and Hun Sen sign 10 deals

05/12/2017 08:02 | 0 comments

Cambodia and Bangladesh made a fresh push today to revive bilateral trade initiatives, with the two leaders of the countries signing nine memorandums of understanding (MoUs) and one agreement in support of trade, economy, investment and technical cooperation initiatives.

Cambodia > Economy

Economy won’t be a casualty: analysts

30/11/2017 07:47 | 0 comments

Despite the widely condemned pre-election dissolution of the Cambodia National Rescue Party, the country’s only major opposition party, by the Supreme Court earlier this month, the heightened risk of political instability is expected to have limited short-term economic spill-over effects, according to an assessment from the risk advisory firm Access Asia Consulting Co Ltd.

 
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