News

FDI to Cambodia rockets 12% to $3.5 billion in 2019

Cambodia attracted more than $3.5 billion in foreign direct investment (FDI) last year, an increase of nearly 12 per cent over 2018, thanks in part to Chinese investors who accounted for half of the investments, a National Bank of Cambodia (NBC) report released last week ...

Hin Pisei
https://www.phnompenhpost.com/business/fdi-cambodia-rockets-12-35-billion-2019

Investment growing but at a slower pace: GMAC

Investment in the garment and footwear sector, one of Cambodia’s economic pillars, is growing at a slightly slower pace in 2019 compared to last year, according to an official from the Garment Manufacturers Association in Cambodia (GMAC).​ The deceleration is likely the result of the ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50601248/investment-growing-but-at-a-slower-pace-gmac/

Economic growth set to slow this year: WB report

Cambodia’s economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday. The bank forecast the Cambodian economy to grow ...

Hor Kimsay
https://www.phnompenhpost.com/business/economic-growth-set-slow-year-wb-report

Trade deficit grows once more

Cambodia’s trade deficit with the rest of the world continued to widen last year to $5.2 billion, as the Kingdom’s imports outstripped its exports once again, a National Bank of Cambodia (NBC) report released on Saturday said. The NBC figures revealed that the Kingdom imported $18.8 ...

Hor Kimsay
https://www.phnompenhpost.com/business/trade-deficit-grows-once-more

Chinese investment in Cambodia to diversify into SME finance

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade Development ...

Sangeetha Amarthalingam
https://www.khmertimeskh.com/50555620/chinese-investment-in-cambodia-to-diversify-into-sme-finance/

Inflow of FDI up in first half

The inflow of foreign direct investment (FDI) into Cambodia witnessed solid growth in the first half of this year due to strong funds flowing into the financial and real estate sectors, said a central bank report. It said this was despite the agriculture and garment ...

Hor Kimsay
https://www.phnompenhpost.com/business/inflow-fdi-first-half

Kingdom ranks second for FDI from VN

The Kingdom ranked second in the first half of the year for overseas Vietnamese investments, receiving about $32 million of the total $263 million outflow from the eastern neighbour. The Vietnamese General Statistics Office (GSO) said from January to June this year, that country’s businesses ...

Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-ranks-second-fdi-vn

Investment in extractive industry worth 1.3 billion

Foreign direct investment (FDI) in the extractive industry, including some projects expected to be approved before the end of the year, now equals $1.3 billion, making it one of the most valuable economic sectors in the kingdom, according to data from the Ministry of Mines ...

Chea Vannak
http://www.khmertimeskh.com/50112148/investment-in-extractive-industry-worth-1-3-billion/

Has Cambodia’s economic boom imploded?

Cambodia’s economic rise starkly contrasts the political chaos that reached a climax in November 2017 with the dissolution of the Cambodia National Rescue Party — the country’s only major opposition party — and the detention of its leader, Kem Sokha. Prime Minister Hun Sen has ...

Heidi Dahles
http://www.eastasiaforum.org/2018/01/16/has-cambodias-economic-boom-imploded/

CDC official thanks China for investment

The Council for the Development of Cambodia (CDC) heaped praise upon China yesterday for its continual support of the Kingdom, claiming that without its investment the local economy would never have managed to take off. ...

Hor Kimsay
http://www.phnompenhpost.com/business/cdc-official-thanks-china-investment

Report shows need for Cambodia to diversify exports

Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...

Kali Kotoski
http://www.phnompenhpost.com/business/report-shows-need-cambodia-diversify-exports

Banking sector FDI spikes on new banks and higher caps

Inflows of foreign capital into the Kingdom’s banking sector nearly doubled during the first half of the year as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/banking-sector-fdi-spikes-new-banks-and-higher-caps

Steady FDI helps keep economy on course

Total foreign direct investment receipts have remained consistent over the past five years, according to a new government report that incorporates central bank data. ...

Hor Kimsay
http://www.phnompenhpost.com/business/steady-fdi-helps-keep-economy-course

Slowdown in GDP growth projected for 2019

The World Bank on Thursday forecast a slight dip in the country’s economic growth rate by 2019 amid declining foreign investment, rising inflation and a slowdown in the expansion of garments manufacturing, and advised improvements to infrastructure and training to keep the economy on its ...

Matt Surrusco
https://www.cambodiadaily.com/news/slowdown-in-gdp-growth-projected-for-2019-128024/

Moody’s maintains sovereign debt rating

Global credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position. ...

Hor Kimsay
http://www.phnompenhpost.com/business/moodys-maintains-sovereign-debt-rating

Kingdom sees major increase in United States investment

US investments in Cambodia increased 15-fold last year, due mainly to the construction of a new Coca-Cola plant in the Phnom Penh Special Economic Zone, according to a statement from the Council for the Development of Cambodia (CDC). ...

Sok Chan
http://www.khmertimeskh.com/news/35808/kingdom-sees-major-increase-in-united-states-investment/

Kingdom’s economy insulated: officials

Speakers at a government forum held yesterday on macroeconomic management and the 2017 budget law said Cambodia’s strong economic growth has been largely unscathed by China’s slowdown, though clouds were forming on the horizon. ...

Hor Kimsay
http://www.phnompenhpost.com/business/kingdoms-economy-insulated-officials

Solid year to carry forward: NBC

The National Bank of Cambodia (NBC) released its review of 2016 and outlook for 2017 this week, highlighting the continued large growth of the banking sector while warning that the Kingdom was still vulnerable to external economic factors. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/solid-year-carry-forward-nbc

Economy resilient to global headwinds: World Bank

Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/economy-resilient-global-headwinds-world-bank

Cambodia’s property market continues to trend upwards, evolve

2015 saw a spike in foreign direct investment (FDI), and the property sector was a big benefactor of these investments both in terms of headline investments in new development projects, and also from foreign individuals investing in one or numerous condos, SoHo units or strata ...

Post Staff
http://www.phnompenhpost.com/post-property/cambodias-property-market-continues-trend-upwards-evolve

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