National economy experiencing robust growth: WB

The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018.​ ...

Sok Chan

Smart Axiata accounts for 1.5 per cent of GDP

Smart Axiata Co Ltd, the Kingdom’s leading mobile telecommunications operator, contributed nearly $374 million to the Cambodian economy last year, accounting for 1.5 per cent of gross domestic product (GDP), its CEO Thomas Hundt said on Wednesday. ...

Thou Vireak

Gov’t launches revenue strategy

The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...

Thou Vireak

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

Economy grew 7.3 pct in 2018: Ministry

On the back of strong growth in the garment, construction and hospitality sectors, the national economy expanded by 7.3 percent last year, according to the Ministry of Economy and Finance. Presenting on the ministry’s latest report during a public forum on macroeconomic management and the ...

Chea Vannak

Moody’s warns about impact of ‘shift in political relations’

The government’s plan to take a new $2 billion loan for next year’s budget will increase the debt burden to 31.5 per cent of the GDP next year, an analyst from credit rating agency Moody’s said, adding that it remained at a moderate level compared ...

Hor Kimsay

Moody’s warns of ‘credit negative’ if EBA is lost

Moody’s Investors Services has warned that Cambodia’s potential loss of its Everything But Arms (EBA) preferential trade access to the EU would weaken its economic growth and lead to a credit negative, a report released on Saturday says. It notes that while Cambodia maintained its ...

Sorn Sarath and Cheng Sokhorng

ADB says Cambodia to grow at 7% in 2018, 2019

The Asian Development Bank (ADB) forecasts that Cambodia’s gross domestic product (GDP) will grow by 7 percent in 2018 and 2019, backed by strong export growth, robust tourist arrivals, buoyant domestic demand, and an expansionary fiscal policy. ...

May Kunmakara

Cambodia among fastest growing economies in region: McKinsey

Cambodia has emerged as one of the four recent economic out performers in the Southeast Asian region, according to analyst firm McKinsey & Company in a report published on Wednesday. ...

Kazi Mahmood

China eyes poverty reduction

China, which lifted a large number of its almost 1.5 billion citizens from economic hardship over the decades, has pledged to assist Cambodia to alleviate poverty among its people. The assurance was conveyed by Huang Xilian, the Chinese Ambassador to Asean during the two Asean-China-UNDP ...

Niem Chheng

WB puts GDP growth at 6.9 percent

The economy will grow at a rate of 6.9 percent in 2018, according to the latest report from the World Bank. Other international financial institutions have issued similar forecasts this month, with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) putting national ...

Sok Chan

Economy to grow by 7 percent in 2018: IMF

According to the latest forecast from the International Monetary Fund (IMF), Cambodia economy will grow by 7 percent this year on the back of higher public spending and steady growth in construction and tourism. The IMF’s forecast is slightly higher than the figure released by the ...

May Kunmakara

ANZ: good growth but diversify

Cambodia’s gross domestic product (GDP) is predicted to grow around 7.2 percent this year, buoyed up by clothing and apparel exports to the European Union (EU), according to estimates by the ANZ Group. The banking group also advised the Kingdom to diversify its economy and ...

Sok Chan

Nearing lower-middle income

Cambodia is expected to reach a GDP per capita of $1,220 this year, putting it on course to being a lower-middle income economy, said Commerce Minister Sun Chanthol, who was attending a meeting with Macau entrepreneurs in Phnom Penh yesterday. ...

May Kunmakara and Ananth Baliga

Cambodia exposed to large fiscal risks from disasters

Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned Wednesday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in ...

The Cambodian Herald Staff

Cambodia has capacity to meet financial commitments

What does Friday’s affirmation of Cambodia’s ‘B’ long and short-term sovereign credit ratings actually mean? In short, it signals that the Kingdom of Cambodia — unlike Greece, for example — “currently has the capacity to meet its financial commitments,” according to definitions used by Standard and ...

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