News

Record-low oil prices to to continue

A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand. ...

Harrison White
https://www.khmertimeskh.com/50713728/record-low-oil-prices-to-to-continue/

Economy to contract for the first time since conflict ended

The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...

Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/

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
http://www.khmertimeskh.com/50114978/economy-to-grow-by-7-percent-in-2018-imf/

Economy to grow at 6.9 percent in 2018, NBC

The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance of the tourism, construction and garment sectors. ...

May Kunmakara
http://www.khmertimeskh.com/50101290/economy-grow-6-9-percent-2018-nbc/

IMF predicts slowdown on horizon for growth figures

Cambodia’s economic growth will remain on course this year but will likely slow in the coming years to 6 percent as investment tapers off and credit growth tightens, according to an updated note by the International Monetary Fund (IMF) released on Friday. ...

Post Staff
http://www.phnompenhpost.com/business/imf-predicts-slowdown-horizon-growth-figures

Rein in credit, warns IMF

In light of global predictions of a slowdown in economic markets, led largely by China’s slackening growth, the International Monetary Fund (IMF) yesterday offered Cambodia advice on short and longer term measures to help maintain growth. It also warned that the country’s rapid credit growth ...

May Kunmakara
http://www.khmertimeskh.com/news/31763/rein-in-credit--warns-imf/

National debt hits $5.7B, but deemed manageable

Cambodia’s national debt stood at $5.7 billion as of the end of June, totalling about a third of GDP, according to a report on the national budget submitted to the National Assembly yesterday. ...

Cam McGrath and Sorn Sarath
http://www.phnompenhpost.com/business/national-debt-hits-57b-deemed-manageable

ADB: GDP to grow 7.1% in 2017

The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...

May Kunmakara
http://www.khmertimeskh.com/news/30245/adb--gdp-to-grow-7-1--in-2017/

IMF: Cambodia should improve

The International Monetary Fund (IMF) said yesterday that Cambodia should improve its business climate and enhance competitiveness by upgrading infrastructure, improving the quality of labor, and strengthening governance as China changes its trade pattern by moving up the value chain. ...

May Kunmakara
http://www.khmertimeskh.com/news/29487/imf--cambodia-should-improve/

IMF sees rapid credit growth as main risk to economy

Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a “soft landing” of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the ...

Cam McGrath
http://www.phnompenhpost.com/business/imf-sees-rapid-credit-growth-main-risk-economy

Cambodia’s economy lost $4b in illegal outflows in 2013

Cambodia’s economy lost more than $4 billion to illicit financial outflows in 2013, more than a quarter of its gross domestic product that year, according to a report released on Wednesday by the Washington-based think tank Global Financial Integrity.Based on trade data reported to the ...

Alex Willemyns
https://www.cambodiadaily.com/news/cambodias-economy-lost-4b-in-illegal-outflows-in-2013-102614/

Cambodia at low risk of debt distress: IMF

Cambodia’s external public debt is well within acceptable limits, but remains vulnerable to financial shocks such as export slowdowns or exchange rate fluctuations, the International Monetary Fund (IMF) said in its latest assessment of the Kingdom’s economy. ...

Cam McGrath and Sor Chandara
http://www.phnompenhpost.com/business/cambodia-low-risk-debt-distress-imf

Credit growth poses economic risk, IMF warns

Rapid credit growth – increasingly financed by bank flows from abroad – poses significant risk to Cambodia’s economy and requires prudential policies to cool lending and reduce exposure, the International Monetary Fund (IMF) warned in a report released yesterday. It said while Cambodia’s short-term economic ...

Cam McGrath
http://www.phnompenhpost.com/business/credit-growth-poses-economic-risk-imf-warns

IMF expects economic growth of 7 percent this year

The International Monetary Fund expects Cambodia’s economic growth rate to remain stable at around 7 percent this year, while inflation is expected to rise. ...

Neou Vannarin
http://www.voacambodia.com/content/imf-expects-economic-growth-of-7-percent-this-year/2847775.html

IMF sees exports to US offsetting China slowdown

Cambodia’s economy is expected to benefit from a strong recovery in the US markets and the fall of global oil prices, driving its high growth trend, according to the International Monetary Fund’s projection for the Asia-Pacific region. ...

Kimsay Hor
http://bit.ly/1E0h3a5

Ghost workers remain major issue, ACU says

Cambodia’s Anti-Corruption Unit has reported issuing repeated letters to government institutions demanding they stamp out the corrupt phenomenon of “ghost workers,” though after months of similar demands, little headway appears to have been made. ...

May Titthara
http://www.phnompenhpost.com/ghost-workers-remain-major-issue-acu-says

Keeping women out of the work force is economic nonsense

Gender equality is “humanity’s biggest project,” Lakshmi Puri told the U.N. this past week. Puri, the deputy executive director of U.N. Women, wants to achieve “Planet 50-50” by 2030. When it comes to the workplace, equal employment opportunities aren’t just a benefit to women. Several new ...

Thomas K. Grose
http://n.pr/1CfvrKL

Mixed outlook in Asean for BBL

Bangkok Bank’s international business this quarter is expected to witness a slowdown due to global market uncertainty, while Vietnam, which is an important market for BBL, has been sidelined by currency woes. Cambodia has some 40 banks, 10 of which are foreign. Given the size ...

Sucheera Pinijparakarn
http://www.nationmultimedia.com/business/Mixed-outlook-in-Asean-for-BBL-30255115.html

IMF says Cambodia's strong outlook subject to 'considerable' risks

Cambodia’s strong economic growth and foreign investment are subject to “considerable” downside risks, the International Monetary Fund has warned. A staff report released in Washington late Tuesday said “economic activity remains strong driven by robust exports, with garment exports helped by preferential access to European Union.” At ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=M2FjYzE4NzRmYzQ

IMF forecasts Cambodia's economy at 7.2 pct in 2014

Cambodia’s economy is expected to grow by 7.2 percent this year, and pick up to 7.5 percent next year, the International Monetary Fund (IMF) has said. The IMF hailed Cambodia for making good progress in achieving the Millennium Development Goals and reducing poverty substantially. It said ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-02/01/c_133087969.htm

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