News

Vietnam’s GDP is projected to grow 5.8 percent this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund (IMF). ...

The Kingdom of Cambodia continues on its high growth path in the post-Covid pandemic scenario and is set to report robust growth this year as well as the next few years, according to the International Monetary Fund (IMF). ...

When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...

The head of Cambodia’s largest demining operator cited Monday’s disposal of a pair of decades-old American bombs as part of the government’s mounting efforts to shame the U.S. into canceling the country’s ballooning war-era debt, which now stands at about $500 million. ...

The 2017 national budget, with more than $5 billion in expenditures, was passed by the Senate yesterday without any changes despite opposition from the CNRP. Expenditures in the 2017 budget are up 15.6 percent compared with 2016 and include more than $1 billion in foreign loans. ...

The International Monetary Fund (IMF) on Friday kept its projection for Cambodia’s economic growth rate at 7.2 percent this year and 7.3 percent next year. ...

Last month, Cambodia’s nascent yet rapidly expanding banking sector saw the new arrival of Phillip Bank through the acquisition of Hwang DBS Commercial Bank by Singapore’s Philip Capital in a $40 million deal. The number of banks in the country has more than doubled since 2005, ...

Recent events, triggered by Singapore-based KrisEnergy Ltd.’s acquisition of Chevron Corp.’s entire stake in Cambodia’s Block A in the Gulf of Thailand, may possibly end the stalemate to develop the country’s only oil discovery to date. The prospect has also rekindled hopes in Cambodia to ...

Cambodia’s credit sector is expanding rapidly with the central bank saying now is the time to start infusing the market with riel and begin a process of de-dollarization in the country’s economy. But as the growth of dollarized loans outstrips those in riel, disbursing credit ...

Cambodian Prime Minister Hun Sen said Wednesday that the country’s economy is forecast to grow by 7. 5 percent in 2014, driven by steady growth in agriculture, garment export, tourism, and construction. ...

Prime Minister Hun Sen yesterday applauded the recent creation of the BRICS New Development Bank (NDB), saying it could ease Cambodia’s dependence on institutions such as the World Bank and the International Monetary Fund (IMF). BRICS member nations Brazil, Russia, India, China and South Africa announced ...

The nation has received approval from the Cambodian government to open a trade center in Phnom Penh, the semi-official Taiwan External Trade Development Council (TAITRA) said. The center, which is expected to be officially opened next month at the earliest, will raise the number of the ...

The International Monetary Fund (IMF) on Monday forecast Cambodia’s economy will grow by 7.2 per cent this year, 0.2 percentage point higher than last year. ...

As much as $320 million is being lost annually as a result of Cambodia’s reliance on the US dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ...

The International Monetary Fund is projecting further modest acceleration in Cambodia’s rate of economic  expansion over the next five years. In the latest World Economic Outlook released Tuesday, the IMF projects that Cambodia’s gross domestic product will grow from an estimated 7.0 percent last year to ...

Cambodia’s economy grew by 7 percent in 2013 even though political row over the July election has still persisted, the National Bank of Cambodia (NBC) said Tuesday. The growth was lower than that of 2012, which was up to 7.3 percent. “In 2013, Cambodia’s economy achieved ...

American lobby group Human Rights Watch has lashed out at Christine Lagarde, the managing director of the International Monetary Fund, for her trip to Cambodia earlier this month. In a commentary posted Thursday, it noted that the IMF recognized that corruption threatened market integrity, distorted competition, ...

Cambodia’s economy is expected to maintain the robust growth of over 7 percent this year even though the country is still trapped in political dispute and recovering from the aftermath of recent floods, senior officials and bankers said. But some analysts predicted that political trouble, coupled ...

The head of the International Monetary Fund (IMF), Christine Lagarde, has reaffirmed an earlier prediction that Cambodia will grow 7 percent this year, in an interview published today by The Post newspaper. Lagarde praised the country’s economic outlook, although she acknowledged that it will face challenges, ...

The International Monetary Fund (IMF) Managing Director Christine Lagarde said Tuesday that Cambodia needs to invest more in education and physical infrastructure in order to lay the foundation for future success. While there has been good progress, Cambodia is still being held back by low ...

The International Monetary Fund (IMF) Managing Director Christine Lagarde pledged Monday to continue providing technical assistance to Cambodia for financial and fiscal reforms. Speaking during a meeting with Cambodian Economy and Finance Minister Aun Porn Moniroth, Lagarde hailed Cambodia for sound macroeconomic management and fruitful cooperation ...

nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...

The International Monetary Fund (IMF) on Friday said it expects Cambodia’s economy to grow by 7 percent this year, fueled mostly by the garment, tourism and construction sectors, though risks such as extreme weather and labor market instabilities could cause growth to fluctuate. The IMF also ...

The country’s draft $3.4 billion national budget for 2014 proposes yet another $920 million in new debt to make ends meet, the same amount taken on this year, according to a copy of the spending bill obtained Thursday. The draft budget calls for nearly $400 million—or ...