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Ministry of Commerce and the private sector partner with PROFITENCE for leading E-commerce study

The flagship report was launched with direct support from the Ministry of Commerce, and provided an in-depth analysis of the e-commerce sector in Cambodia in 2022, focusing on 10 key industries while offering nationwide coverage. The event was attended by over 70 key stakeholders from both the public and private sectors in Cambodia’s eCommerce industry.

IPS confident of healthy real estate sector in 2023 as developers diversify projects to...

In a recent interview with business consultancy firm AquariiBD Cambodia, the private and commercial real estate company IPS have said they are confident 2023 will bring back the bigger deals essential for a healthy sector, as inbound foreign investment continues its recovery to pre-pandemic levels. Country Director, Mr. Adam Fitzpatrick, added that despite concerns over the amount of stock due to enter the market, long-term investments in property and land are still appealing to foreign investors in a generally stable market.

Cambodia’s microfinance association emphasizes sustainable growth as total lending portfolio hits $9.1B

CMA spokesperson Tongngy Kaing explained that despite a hiccup in early 2022 from Covid-19, the microfinance sector remained healthy adding if no external challenges may arise, the association is confident with the current economy, and we expect the sector to grow 20% in 2023 with NPLs at just over 2%.

Cambodia’s most pressing risks for 2023 are from rising private debt; conditions in key...

Executive Directors from the IMF welcomed Cambodia’s strong economic recovery from the pandemic supported by the country’s strong economic buffers and robust crisis response. Directors agreed that the growth outlook is broadly favorable, notwithstanding downside risks from slower external demand and rising domestic vulnerabilities including elevated levels of private debt.

World Bank strengthen Cambodia’s economic resilience with $274M credit facility

Cambodia’s efforts to promote a resilient recovery from recent economic shocks has been bolstered by a $274 million credit from the World Bank for the Cambodia Growth and Resilience Development Policy Operation. The financing approved by the World Bank’s Board of Executive Directors will support reforms that will boost growth and strengthen Cambodia’s resilience.

A sustainable garment industry is ‘critical’ for Cambodia’s economic development

‘We want to change the GFT sector’s way of doing business to one which is more sustainable, more high tech, and with more value added. And at the same time, how can we re-skill a worker in those sectors to move to the middle management level?,’ said H.E Dr Huot Pum, the Under Secretary of State at the Ministry of Economy and Finance.

Cambodia’s economy is recovering but could face headwinds: World Bank

Cambodia’s economy is recovering well after COVID-19, but global headwinds could pose risks to a positive outlook in months to come. The World Bank forecasts economic growth of 4.8% in 2022 as the post-pandemic economic recovery expands thanks to a rebound in tourism.

Cambodia’s solar sector has ‘huge potential’ for expansion as total energy demand forecast to...

Despite these challenges he was bullish about Cambodia’s ability to meet its recently stated target to achieve 40% of energy production from solar by 2040, with the consultant saying that it was ‘irrelevant’, as the goal was likely to be met by 2030 at the latest.

Cambodia’s local bond rating ‘not substantially impacted’ after Moody’s downgrades economic outlook to negative

Cambodia’s local bond ratings (kh XXX) will ‘not be substantially impacted' by the recent downgrading of Cambodia’s outlook from stable to negative by the international rating agency Moody’s – according to the local Ratings Agency of Cambodia (RAC).

Cambodia presents as youthful and dynamic after successfully hosting the 2022 ASEAN Summit

H.E. Dr. Sok Siphana has spoken of Cambodia’s successful hosting of the 41st ASEAN Summit - detailing the ongoing focus on digitalization, strong investment opportunities from regional neighbors and Cambodia rebranding its international image during a keynote speech hosted by the European Chamber of Commerce (EuroCham).

First-ever ASEAN ministerial dialogue on economic recovery held with private sector in Cambodia

Smart Axiata and a number of private sector representatives attended the first ASEAN Economic Ministerial Roundtable Discussion on Economic Recovery and Digital Economy Integration at MISTI. The roundtable demonstrates the cooperation and commitment of ASEAN research institutions, the private sector and key development partners to revitalize economies after the pandemic.

YCH Group unveils multi-modal Phnom Penh Logistics Complex At 40th & 41st ASEAN Summit

Phnom Penh Logistics Complex (PPLC), the multi-modal logistics hub set to be a key connection node for intra-regional trade and will assist in strengthening Cambodia as a key logistics hub. The logistics hub was unveiled in Phnom Penh during the 40th and 41st ASEAN Summit in Phnom Penh with an estimated investment of $300 million.
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