Turkey’s hopes of joining the European Union are fading, the bloc’s executive said yesterday, citing worsening conditions in the courts, prisons and economy.
The Cambodian economy expanded by 7.5%, according to World Bank.
Ministry of Commerce on Thursday launched the new version of the Cambodia Trade Integration Strategy (CTIS).
Cambodia’s economy will continue to experience robust growth, but will expand at a slower pace than last year.
Cambodia’s economy has shown a certain degree of resilience and tenacity in maintaining growth despite facing various political challenges from within and outside. Economic performance and output are the main sources of regime legitimacy.
Market observers are seeing more upside than expected in China’s economy.
Cambodia’s economy is projected to grow at 7 percent this year.
Trump says the Federal Reserve made a mistake by raising interest rates
Bilateral trade between Cambodia and Indonesia rose moderately, reaching $556 million in value, a 4 percent increase.
Cambodia has a vision to become an upper-middle-income country by 2030 and a high-income economy by 2050. Nonetheless, this vision has met many distractions both domestically and internationally.
China’s industrial firms post their worst slump in profits since late 2011.
The Belt and Road Initiative (BRI) is an ambitious international cooperation and connectivity project initiated by China in 2013. Cambodia is one of the staunchest supporters of the initiative with the expectation that BRI will contribute to peace and shared prosperity.
US manufacturing activity unexpectedly cooled in March.
In Cambodia, one buys drinks or snacks from vending machines that use banknotes rather than coins. Coins are not in use in Cambodia’s modern economy, but it was not always like that.
Edotco says it is ready to build the digital infrastructure needed for a digital economy.
Digital technologies will give Cambodia the opportunity to leapfrog traditional stages of development, but it will take the country at least 10 years to complete the transition into a full-fledged digital economy, the minister of economy and finance said yesterday.
Smart Axiata Digital Innovation Fund (SADIF) expanded its investment into two more promising local digital businesses, a move that will contribute to the development of the Kingdom’s digital economy.
The economy has climbed higher and higher, growing by around 7 percent each year. Land prices have increased dramatically in that time as international investors have flooded in.
Exports to the United States, the world’s largest economy, increased by 25 percent last year, a significant increase in trade that comes despite a deteriorating diplomatic relation after Cambodia dissolved the main opposition party ahead of last year’s general elections.
The rise of lending institutions skyrocket.
China sought to shore up its slowing economy through billions of dollars in planned tax cuts and infrastructure spending.
Nigerian President Muhammadu Buhari wins a second term at the helm of Africa’s largest economy and top oil producer.
The Kingdom anticipates population growth to reach 20 million by 2030.
The US economy loses a lot of momentum during the fourth quarter.
It came as no surprise to many government officials when the European Union launched its six month-long period of intensive monitoring and engagement period, as part of its review of the Kingdom’s Everything-but-arms trade scheme.
Within the context of looming economic pressures from the European Union and possibly also from the United States, some news analysts and observers have drawn a quick conclusion that Cambodia’s economy is bound to collapse.
The Ministry of Commerce is planning a meeting with public and private actors to discuss the revocation of the European Union’s Everything-but-arms (EBA) deal and to find ways to diminish its impact on the economy, the ministry said in a press release.
PM reiterates that he will not use the country’s independence to exchange with trade, noting the economy is improving.
Sales by China’s retail businesses during the Lunar New Year holiday rose 8.5 percent.
Laos is one of the fastest growing economies in Southeast Asia. On average the country’s economy has grown by 7.5 per cent per year and trade by 17 per cent per year since 2000, reflecting the importance of trade as a key driver of its growth.