News

Booming growth pushes Cambodia to lower-middle income status

Despite some appearances to the contrary, things in Cambodia are looking pretty rosy at least according to the World Bank. In its latest revision of world economies the Bank raised Cambodia’s status from a low-income economy to a lower-middle income country. ...

Vat Vin
http://aecnewstoday.com/2016/booming-growth-pushes-cambodia-to-lower-middle-income-status/

Cambodia's rural communities to get sustainable energy access

The Asian Development Bank (ADB) and Government of Australia are expanding access to economical and reliable energy for rural Cambodian households, including through the promotion of cookstoves in Svay Rieng and Kampong Cham provinces. A $6.1 million Australian Aid grant, administered by ADB, will finance ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTc1MDdmNzhlNTM

Delta Electronics eyes Cambodia expansion

Delta Electronics (Thailand), one of the world’s leading producers of power supplies and electronic components, plans to expand to Cambodia and Myanmar, the Bangkok Post reported on Wednesday. “There is no indication of a specific timeframe for the expansion, but the company sees these countries . ...

http://www.phnompenhpost.com/2013051065533/Business/delta-electronics-eyes-cambodia-expansion.html

Cambodia's economy to grow by 7.2 pct in 2013, stronger in 2014: ADB

Cambodia’s economic growth is forecast at 7.2 percent in 2013, picking up to 7.5 percent next year as recovery in Europe and the United States takes hold, according to the Asian Development Bank’s annual economic outlook released on Tuesday. The United States and Europe are the ...

http://news.xinhuanet.com/english/business/2013-04/09/c_132295116.htm

More trade finance needed

A lack of trade financing – the loans and guarantees needed to support import and export transactions – for international deals within developing Asian countries such as Cambodia is restricting opportunities for growth, a survey by the Asia Development Bank (ADB) has found. Of 106 banks ...

http://www.phnompenhpost.com/2013031361906/Business/more-trade-finance-needed.html

Manufacturing to diversify

While Cambodia seeks to diversify its manufacturing sector and encourage higher-value-added activities, experts say it must be supported by the right mix of government policies. The Asia Development Bank (ADB) says that the sharp increase of foreign direct investment (FDI) from $900 million in 2011 to ...

http://www.phnompenhpost.com/2013022561577/Business/manufacturing-to-diversify.html

Study set to streamline customs procedures in Cambodia

Customs procedures are being examined in a time-release study to identify issues that can affect Cambodia’s trade competitiveness. According to experts, the study is an important tool to improve the Kingdom’s investment climate. The study will be conducted and organised by the GDCE with support ...

http://www.phnompenhpost.com/2013022061467/Business/study-set-to-streamline-customs-procedures-in-cambodia.html

Ambition Trumps Reality in Investment Figures

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian ...

http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/

Opportunities for Cambodian growth

China’s transition from export-led to domestic-led growth, combined with the rising costs of production, could provide opportunities for Cambodian growth and diversity, analysts say. Faisal Ahmed, the IMF representative for Cambodia, said the Kingdom was already experiencing an increase in trade activity as a result of ...

http://www.phnompenhpost.com/2013012560983/Business/opportunities-for-cambodian-growth.html

Cambodia lacks skilled workforce

Against the backdrop of the slight recovery by world economies, especially the US and Europe, two traditional markets for Cambodia, Asian Development Bank (ADB) deputy country director Peter Brimble sat down with the Post’s group business editor, May Kunmakara, to talk about Cambodia’s economic performance, ...

http://www.phnompenhpost.com/2013011160733/CEO-Talk/cambodia-lacks-skilled-workforce.html

Corridor towns to see $37 million in ADB loans

Battambang, Bavet, Neak Loeung and Poipet are among several towns that will benefit from a $37 million loan from the the first quarter of next year after funding was approved at the 18th Greater Mekong Sub Region (GMS) meeting in Nanning, China. The loan comes from ...

http://www.phnompenhpost.com

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