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Economic growth to shrink to 2.3% in 2020, ADB says

Publication date 03 April 2020 | 14:08 | ICT

The Asian Development Bank (ABD) has slashed Cambodia’s 2020 gross domestic product (GDP) growth to 2.3 per cent from its initial 6.8 per cent forecast due to the slowdown in major economies and China and reduced access to export markets.

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  • CDC approves seven projects worth $174M

    Publication date 02 April 2020 | 22:16 | ICT

    The Council for the Development of Cambodia (CDC) on Wednesday approved seven investment projects worth $174.1 million and expected to generate 3,328 jobs, it said in a press release.

  • Delivery apps booming in midst of Covid-19 epidemic

    Publication date 02 April 2020 | 22:15 | ICT

    While the fear of catching Covid-19 has kept some people out of restaurants and fast food shops, food delivery companies have reported a sharp growth in business since the virus emerged.

  • Senate okays coal-fired plants, transmission line

    Publication date 02 April 2020 | 22:15 | ICT

    The Senate on Thursday approved two coal-power plants and a power transmission line with a combined value of $1.7 billion.

  • Cuba says will bring additional investors

    Publication date 02 April 2020 | 22:14 | ICT

    Cuba on Wednesday vowed to encourage its citizens to invest in Cambodia after the ongoing pandemic has stabilised, Minister of Tourism Thong Khon said via the ministry’s official Facebook page.

  • J Trust Royal and AIA Cambodia conclude systems integration work enabling advanced payables management technology for AIA Cambodia

    Publication date 02 April 2020 | 16:24 | ICT

    J Trust Royal Bank (“JTRB”) and AIA (Cambodia) Life Insurance Plc (“AIA Cambodia”) today announced the successful integration of JTRB’s Core Banking System and AIA Cambodia’s Enterprise Resource Planning System (“ERP”) for Payables Management.

  • Fuel prices lowest since 2008 financial crisis

    Publication date 01 April 2020 | 22:48 | ICT

    Cambodia's retail fuel prices have continued to drop due to a disruption in the global production chain caused by heightened global tensions and the spread of Covid-19.

  • Ministry: No plans to revise 6% economic growth forecast

    Publication date 01 April 2020 | 22:47 | ICT

    The government is evaluating the current economic situation and monitoring the impact of the ongoing Covid-19 pandemic to determine whether to adjust its six per cent projection for economic growth this year, Ministry of Economy and

  • Exports grow in tandem with food demands

    Publication date 01 April 2020 | 22:46 | ICT

    Cambodia exported nearly three million tonnes of agricultural products to international markets in the first three months of this year, a Ministry of Agriculture, Forestry and Fisheries report said on Wednesday.

  • Gov’t offers tax exemption

    Publication date 01 April 2020 | 17:25 | ICT

    The government has issued a three-month minimum tax exemption for the aviation sector and an exemption on all types of monthly taxes for tourism operators, it said in a press release on Tuesday.

  • Gov’t offers tax exemption

    Publication date 31 March 2020 | 23:31 | ICT

    The government has issued a three-month minimum tax exemption for the aviation sector and an exemption on all types of monthly taxes for tourism operators, it said in a press release on Tuesday.