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.
Cambodia’s fast and continuous economic growth needs to be known by its people, by investors, entrepreneurs, financial institutions and by those who play crucial roles in driving the economic force up and forward. Thus, the birth of Capital Cambodia.
The American Chamber of Commerce in Cambodia hosted a networking and discussion event to address the role of the members of the parliament in the Kingdom’s sustainable economic growth.
The General Department of Taxation collected nearly 2.2 billion last year, a hike of 13.3 percent compared to 2017, according to a statement recently issued by the tax body.
Despite experiencing rapid growth in the last few years, financial technology services in the Kingdom are still underdeveloped and underused, insiders said last week during the annual conference of the National Bank of Cambodia.
China’s economy weakened visibly during the fourth quarter of 2018.
The National Bank of Cambodia says the local banking and microfinance industry saw healthy growth in 2018, with total assets expanding by 19.4 percent year-on-year to reach about $40 billion.
Asean is the world’s sixth-largest economy with a GDP of more than $2.5 trillion and an annual growth rate of around 5 percent.
Trade between Cambodia and neighbouring Thailand expanded by more than 35 percent last year driven by strong economic growth in both nations.
In the next three years, Chip Mong Retail will build six malls across Phnom Penh to tap into rising incomes in the country and the growth of the middle class.
The Int’l Monetary Fund cuts its global growth forecasts for the 2nd time in 3 months.
China’s National Bureau of Statistics (NBS) announced Monday that China’s GDP was 90.03 trillion yuan ($13.26 trillion) in 2018, posting a 6.6 percent growth rate for the year.
Multinational business leaders are less confident about Taiwan’s economic outlook.
China’s economy cooled in the fourth quarter under pressure from bruising US tariffs.
Chhay Sivlin, president of the Cambodia Association of Travel Agents discusses the development of the tourism sector and its outlook for 2019.
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.
Cambodia won’t stay hidden from international investors for much longer. Revised GDP figures from the World Bank show growth will hit 7 percent yet again. Cambodia has been growing this fast since the global crisis of 2008-2009.
State-owned Phnom Penh Water Supply Authority (PPWSA) reported revenue growth of more than 6 percent in 2018.
Hedge fund positions in diesel is falling to a a sharp slowdown in economic growth.
A partial shutdown of the US government could slash job growth, economists warn.
Container traffic at Cambodia’s main ports increased significantly in 2018, according to port authorities.
In 2019 the Kingdom’s economy will grow at a rate of 7 percent, according to the nation’s Central Bank, who noted in its latest report that such growth may be weakened by a number of internal and external factors.
Businesses in Britain’s dominant services sector reported the slowest sales growth.
China’s leading real estate developers are expected to grow at a moderated pace.
Meng Yan notices that there are fewer advertisements on her WeChat moments.
Over the last two decades, thanks to the government’s sound macroeconomic policy, Cambodia has achieved an average of 7 percent economic growth every year. says Aun Pornmoniroth, Minister of Economy and Finance.
The Vietnamese economy continued to show resilience overall in 2018. But Suiwah Leung warns the country’s challenges and risks are mounting and the government needs to continue with more ambitious reforms.
Trade with foreign partners decelerated in 2018, with exports growing by just 4 percent, compared to 19 percent last year.
Data released from the National Bureau of Statistics on Friday was worse than expected. In particular, total retail sales of consumer goods went up 8.1 percent year-on-year in November. This is considered relatively low, compared to the previous rate.
Earlier this year, the World Bank reiterated that Cambodia’s GDP growth will stay above 6 percent through 2020.