Kashiwase said risks to the outlook have shifted to the downside, notably due to weaker-than-projected demand from advanced economies, geoeconomic fragmentation, and high domestic private debt. "Rising NPLs in the tourism and real estate sectors also pose risks to growth and financial stability,"...
13 March 2024 ASEAN’s rapid economic growth is driving up the region’s demands on logistics services. Forest Management Holdings Limited not only operates logistics services such as shipping and warehousing, but has also branched out into businesses including marketing and e-commerce, and is activ...
Addressing more than 10,000 people at the groundbreaking ceremony for the canal, Cambodian Prime Minister Hun Manet said the 180-km waterway will be a catalyst for economic growth and trade development when it is completed in 2028. "The Funan Techo Canal will link the capital Phnom Penh to t...
"The recovery of export-oriented manufacturing sectors such as the garment industry … is a crucial contributor to Cambodia's economic growth in the post-pandemic era," Mengdavid said. The full implementation of the Regional Comprehensive Economic Partnership and the Cambodia-China free trade agreemen...
In May and June 2024, Cambodia’s General Department of Taxation (GDT) issued two notable tax incentive packages that aim to encourage business growth in the country. The details of these incentives are outlined below. Tax Incentives for Expansion of Qualified Investment Projects The GDT’s May ...
Regional and bilateral FTAs have served as catalysts for Cambodia's economic and export growth in the long term. The government has predicted that the kingdom's economy will achieve a rate of 6 percent in 2024, up fro...
June 4, 2024 ECONOMICS Economic The Economic Boom of SSEZ: A Gateway to Cambodia’s Industrial Competitiveness byCamboToday March 25, 2024 0 The Sihanoukville Special Economic Zone (SSEZ) has emerged as a key player in Cambodia's industrial landscape, driving economic growth and... ...
Cambodia-China trade has continued strong growth in the first five months of 2024, thanks to regional and bilateral free trade agreements, officials said. The two-way trade volume reached 5.99 billion U.S. dollars during t...
and social development, which has provided a powerful impetus to the construction of the Cambodia-China community with a shared future, adding that he believes the construction of the "Industrial Development Corridor" and the "Fish and Rice Corridor" will further boost Cambodia's economic growth. ...
Economic Risk – Stable at 7 Economic growth is forecast to strengthen in 2024, with continued moderating inflation, according to the ASEAN+3 Macroeconomic Research Office’s (AMRO) regional economic outlook, released in April 2024. AMRO expects growth of 6.2% this year, up from 5.3% in 2023...