News
World Bank says safeguarding financial stability in Cambodia is crucially important
In its Cambodia Economic Update, the World Bank has said that the country’s commercial real estate sector faces increased risks as financial conditions tighten. ...
Khmer Times Staff
https://www.khmertimeskh.com/501210119/world-bank-says-safeguarding-financial-stability-in-cambodia-is-crucially-important/
World Bank says Cambodia’s exports to the United States more diversified than to the EU
The World Bank in its Cambodia Economic Update issued earlier this month said that the country’s Cambodia’s exports to the United States are more diversified than those to the EU. ...
Khmer Times Staff
https://www.khmertimeskh.com/501200937/world-bank-says-cambodias-exports-to-the-united-states-more-diversified-than-to-the-eu/
PM forecasts economic contraction of 1.9 percent this year
Prime Minister Hun Sen recently predicted that the country’s economy may contract 1.9 percent this year due to the COVID-19 pandemic. In a circular on budget planning for 2021-2023, he said Cambodia has recorded a strong fall in demand from its trading partners. ...
Khmer Times Staff
https://www.khmertimeskh.com/50733913/pm-forecasts-economic-contraction-of-1-9-percent-this-year/
New GDP prediction is not optimistic
The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...
Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/
World Bank warns of economic risks amid strong growth
Possible E.U. trade sanctions, rising indebtedness and slowing foreign investment — which “peaked” last year — pose substantial risks to the Cambodian economy despite continuing strong growth, the World Bank said in its latest country update. ...
Tran Techseng
https://vodenglish.news/world-bank-warns-of-economic-risks-amid-strong-growth/
EBA withdrawal threatens Kingdom’s bicycle industry
Cambodian bicycle exports to the EU amounted to 1.52 million individual units last year valued at $331 million, according to a World Bank report released on Monday. The report – called Cambodia Economic Update – revealed that bicycles are Cambodia’s third main export to the ...
Hor Kimsay
https://www.phnompenhpost.com/business/eba-withdrawal-threatens-kingdoms-bicycle-industry
Economy eases off the pedal
Cambodia’s economy is expected to grow by 6.9 per cent in 2015, driven by the construction sector, while traditional growth areas, such as garments and tourism, are expected to see a relative slowdown this year, according to a World Bank economic report.Yesterday’s update on the ...
Ananth Baliga
http://www.phnompenhpost.com/business/economy-eases-pedal
Tax dept can’t do job, report says
Cambodia’s tax department is under-resourced and understaffed, thereby hindering its ability to generate revenue, according to an Asian Development Bank (ADB) analysis released earlier this month. The analysis, which took into account survey results from 22 tax revenue bodies across Asia between 2012 and 2013, paints ...
Eddie Morton
http://www.phnompenhpost.com/business/tax-dept-can%E2%80%99t-do-job-report-says