News

Think Tank Says Investment Needed to Balance Growth

Government action is needed if Cambodia is to reach its potential for economic growth and address growing inequality, according to a new report from a leading local think tank. The recommendations were included in the Cambodian Development Resource Institute’s (CDRI) annual development review 2012 to ’13. ...

http://www.cambodiadaily.com

IMF Says Cambodia to Reach 7.5% Growth in Medium Term

The International Monetary Fund said it expects economic growth in Cambodia to reach its potential of 7.5 percent in the medium term. The Washington-based IMF forecast growth of 6.7 percent this year, up from an estimated 6.5 percent in 2012, in its annual assessment of the ...

http://www.bloomberg.com/news/2013-01-08/imf-says-cambodia-to-reach-7-5-growth-in-medium-term.html

China's Aid to Cambodia Helps Cement Ties

When Asia-Pacific leaders gather this weekend in Southeast Asia—a bright spot in a sputtering global economy—their Cambodian hosts may extend a warm welcome to U.S. President Barack Obama, but they will view officials from Beijing as old friends. Mr. Obama’s visit to Cambodia—this year’s host for ...

Chun Han Wong
http://online.wsj.com/article/SB10001424127887324595904578120582308358540.html

Improvements for banks after budget

Improvements to Cambodia’s banking and finance sector are expected to come about as a result of the 2013 national budget, a Council of Ministers spokesman said. “We will dedicate resources to ensuring macro-economic stability,” spokesman for the Council of Ministers, Phay Siphan said. These measures, in conjunction ...

http://www.phnompenhpost.com/index.php/2012103059460/Business/improvements-for-banks-after-budget.html

Trade with Vietnam slows

Bilateral trade between Cambodia and neighboring Vietnam grew by 17 per cent in the first nine months of the year compared to the same period last year, a decrease from previous years, the Vietnam Trade Office in Cambodia said yesterday. The data showed a total trade volume ...

http://www.phnompenhpost.com/index.php/2012102659432/Business/trade-with-vietnam-slows.html

Reserve rate doesn't worry local banks

Bankers have raised no concerns over the National Bank of Cambodia’s increase to the reserve requirement rate in order to maintain the stabilization of cash flow and inflation during a time of global financial difficulty. The increase, from 12 to 12.5 per cent, issued late last month, was ...

http://www.phnompenhpost.com/index.php/2012102359366/Business/reserve-rate-doesnt-worry-local-banks.html

Exports hold up despite EU slowdown

Cambodia has coped well in terms of exports despite the slowdown in some European economies, said the head of the IMF’s Asia-Pacific department last week. Anoop Singh, director for the department, said Cambodia has enjoyed many years of economic growth at about 6 per cent or ...

http://www.phnompenhpost.com/index.php/2012101959320/Business/exports-hold-up-despite-eu-slowdown.html

Economy Strong but IMF Warns of Risks

Strong exports, increasing numbers of tourists and a recovering real estate sector are driving strong economic growth this year, but the gross domestic product outlook could still be offset by an unstable global economy, weak demand from the West and an overheating banking sector, the International ...

Inflation slows to only 2% says NIS

Cambodia’s inflation rose by 2.2 per cent in August compared to the same month last year, according to the monthly data from the National Institute of Statistics. The increase was due to the rise in food and the fluctuation of gasoline prices. Government officials and economists said the ...

http://www.phnompenhpost.com/index.php/2012100459104/Business/inflation-slows-to-only-2-per-cent.html

World Bank Ups Cambodia’s Ranking Over Better Logistics

Cambodia has moved up 27 places on a biennial World Bank list that ranks the ease of importing, exporting and transporting goods in different countries. Cambodia was ranked 101 out of the 155 countries included in the World Bank’s report titled Trade Logistics in the Global ...

Sihanoukville port construction in final phase

The government will spend a total of $85 million, funded by a Japanese government loan, for the third and final phase of the expansion of Sihanoukville Autonomous Port, which will more than double the port’s import-export capacity by 2012, Prime Minister Hun Sen said yesterday. “It ...

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