The National Bank of Cambodia (NBC) was invited to join the discussion on “Foundational Digital Infrastructure for Inclusive Digital Economies” to be held on April 26, from 16:00 to 17:00 Cambodian time. H.E. Chea Serey, Assistant Governor and Director General of the NBC’s Central Banking, will be a panelist in the discussion in SFF Green […]
IMF Forecasts 4.2% Growth for Cambodia This Year, 6.0% Next Year
The International Monetary Fund (IMF) has forecast Cambodia’s GDP growth to accelerate from 4.2 percent this year to 6.0 percent in 2022, which would put the country among the fastest growing ASEAN economies next year. In its World Economic Outlook released in Washington Tuesday, the IMF also projected that Cambodia would have the region’s most […]
Consumer Prices Forecast to Rise 3.1% This Year: IMF
The International Monetary Fund (IMF) has forecast a 3.1 percent increase in Cambodia’s consumer prices this year as the economy recovers from last year’s downturn. In its World Economic Outlook released in Washington Tuesday, the IMF also projected that consumer prices would rise at a slower pace of 2.8 percent next year. In 2020, the […]
IMF Says Modeling with Ministry of Finance Shows Economy Growing More Than 2 Percent This Year
Modeling by the International Monetary Fund (IMF) and the Ministry of Finance shows that the Cambodian economy will grow by more than two percent this year.In a report released in Washington Thursday, the IMF said the modeling also showed that closure …
Informal Economy Workers to Be among Priority Groups for COVID-19 Vaccination
Three wheelers and taxi drivers, vendors, and transport workers in Phnom Penh will be included in the priority groups for the COVID-19 vaccination. Some 400,000 of the newly-arrived 700,000 doses of China-donated Sinopharm vaccine will be administered …
Cambodia Exports Over 150,000 Tonnes of Milled Rice in Q1
Cambodia exported a total of 153,688 tonnes of milled rice to foreign markets during the first three months of 2021.The Ministry of Agriculture, Forestry and Fisheries (MAFF) shared the update in a report issued recently, adding that the figure shows a…
Angkor Resort Receives Almost 4,500 Tourists in Q1
Angkor Archaeological Park in Siem Reap province welcomed 4,482 foreign tourists in the first three months of this year, earning US$185,079.The figures were shared by the Angkor Enterprise, the state-owned institution in charge of Angkor income managem…
Broad Money Surges to KHR 136.5 Trillion
The National Bank of Cambodia yesterday released a data on the money supply of the nation in 2020. According to the National Bank of Cambodia (NBC)’s statistics, at the end of 2020, broad money surged to KHR 136.5 trillion, up by 15 percent compared to the previous year. The currency outside depository corporations reached KHR […]
Cambodia Launched Business Recovery Guarantee Scheme
The Ministry of Economy and Finance and Credit Guarantee Corporation of Cambodia (CGCC) today launched the Business Recovery Guarantee Scheme (BRGS). According to the ministry’s press release made public this morning, the BRGS aims to support business including micro, small and medium enterprises, and large firms to enhance their access to formal loans from Participating […]