Cambodia

The National Bank of Cambodia plans to tighten its money supply in a move to fight run away inflation that continues to inflict the Cambodia economy according to the Phnom Penh Post.
The plan is to double reserves to 16 percent from 8 percent which complies with the International Monetary Fund (IMF) recommendation.
Some believe the Cambodian […]

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In addition to sky rocketing rice prices, depleting fish supply is putting pressure on the Cambodia economy according to IPS.
75 percent of the protein consumed in Cambodia is through fish and as supply continues dwindle the Cambodia government is faced with the possibility of introducing stringent fishing controls which may only further the problem for […]

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The United Nations has announced that it expects the Cambodia economy to slow in 2008 according to AFP.
The forecast it is that the Cambodia economy will only grow 7 percent compared to the 8.5 percent it grew in 2007.
Nonetheless, with inflation in the rise and countries such as China and Vietnam pressured to cool their […]

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The World Bank has expressed its concern over the sharp rise in inflation in the Cambodia economy according to The Earthtimes.
While the World Bank does not believe 10.8 percent inflation will dramatically hurt the Cambodia economy, it did clearly state that
cambodia Cambodia Economy cambodia inflation world bank

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The Cambodian National Petroleum Authority (CNPA) has announced that Cambodia will begin oil production in 2011 through newly found oil reserves according to AFP.
While the announcement is good news for the Cambodia economy in the longer term, it does not provide instant prosperity for those whole likely hoped for change sooner.
Nonetheless, oil production from domestic […]

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Food inflation is now beginning to hit Cambodia’s poor and the Cambodia economy according to AFP.
Cambodia inflation in 2007 hit 10.8 percent as compared with 2.8 percent in 2006.
The result has caused the price of food and other staple goods to skyrocket therefore sending the poor into deeper poverty.
It is estimated that Cambodia economy […]

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Korea Exchange (KRX) and the Cambodia government have finally agreed to establish a Cambodia stock exchange in 2009 according to The Economic Times.
The Cambodia government will own 51 percent and KRX will own 49 percent of the new exchange with KRX acting as the regulatory body to oversee trading.
South Korea has pledged to spend […]

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In an effort to diversify the Cambodia economy and drive tourism, Cambodia is on pace to build four more luxury golf courses by 2010 raising the total number of courses to eight according to AFP.
With two PGA-rated courses located in Siem Reap as a selling point that Cambodia is a viable golfing destination, Cambodia sees […]

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Cambodia and Thailand have signed an agreement to allow foreigners to enter both countries on a single visa in order to spur Cambodian tourism and help the Cambodia economy according to the India Times.
1.7 million tourist visited Cambodia in 2006 so the new agreement with Thailand should help drive that number and add more foreign […]

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The Asian Development Bank (ADB) has announced that it will loan Cambodia a total of $11.7 million according to an Asian Development Bank press release.
The breakdown is a $10 million loan and a $1.7 million grant and it is specifically earmarked to drive the maturity of the Cambodia economy by continued development of a solid, […]

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The Cambodia economy is seeing a rise in gasoline prices of 10 percent according to Xinhua News.
Rather than subsidize gasoline prices, the Cambodia government has decided to let gas prices adjust to market conditions regardless of their affects on the Cambodia economy.
Key drivers of the price increase are strong global demand, geopolitical concerns and Cambodian […]

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The Cambodia economy ranks 110th in global competitiveness according to the Global Competitiveness Report 2007-2008.
The Global Competitiveness Report 2007-2008 study is conducted by the World Economic Forum and based its Cambodia economy competitiveness on the following criteria:

Institutions
Infrastructure
Macroeconomic stability
Health and primary education
Higher education and training
Goods market efficiency
Labor market efficiency
Financial markets sophistication technological readiness
Market size
Business sophistication
Innovation

For a […]

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The Electricity Generating Authority of Thailand plans to invest in the Cambodia economy through development of a new coal-fired power plant according to the Bangkok Post.
The $4.5 billion project will allow Thailand to source 3,000 megawatts of energy and will continue to help the Cambodia economy with jobs and construction contracts.
China is likely to be […]

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The US has pledged $65 million to help improve the Cambodia economy according to The Honolulu Advertiser.
As the growth of the Cambodia economy becomes of more strategic interest to US, the US plans to provide assistance in the areas of improving education, public health, corruption prevention, and in helping to manage natural resources.
However, the likely […]

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Japan Airlines (JAL) is set to offer direct flights to Siem Reap Cambodia according to Japan’s Corporate News.
While the flight is still contingent on government approval, the Japan Airlines (JAL) direct flight to Siem Reap Cambodia would elevate the need for Japanese tourist to the travel to Bangkok or Ho Chi Minh first in order […]

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The Cambodia government plans to consider exploration of oil and gas in Tonle Sap Lake according to the International Herald Tribune.
Controversy over the announcement involves environmental and corruption concerns.
The 3 million acre lake is home to more than
cambodia economy cambodia government corruption oil and gas oil exports tonle sap lake

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Japan has announced that it will loan Cambodia $8.7 million in aid to help fight Cambodia poverty according to People’s Daily Online.
Loans to Cambodia by Japan have already reached $146 million and the current loan is
cambodia cambodia economy japan loans poverty strategic development

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In a sub-decree signed by Prime Minister Hun Sen, the Cambodia government is now allowing investors to use long-term leases and land concession rights as collateral for bank loans according to People’s Daily Online.
The move is a step in the right direction for Cambodia as local investors can now l
bank loans cambodia economy […]

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The Asian Development Bank (ADB) has stated its plan to reduce poverty in Cambodia is relevant, yet it lacks the ability to be effective unless improvements are made according to Forbes.
With overall Asian Development Bank (ADB) performance in Cambodia low, the bank is concerned that
adb asian development bank cambodia cambodia economy […]

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The International Monetary Fund (IMF) has stated in a recent report that oil production out of Cambodia will possibly generate $1.7 billion per year by 2021 according to Asia Times Online.
Based off a study project driven by Chevron off the coast of southern Cambodia, Cambodia holds an estimated 700 million barrels of oil with a […]

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Cambodia political opposition says the country is not ready for a Cambodia Stock Market largely because of rampant corruption and lack of transparency according to ABC Radio Australia.
For ABC Radio Australia’s audio of the story
cambodia economy cambodia government political opposition stock market

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The IMF (International Monetary Fund) expects Cambodia to grow 7.75 percent in 2008
cambodia cambodia economy imf international monetary fund

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After the announcement of a South Korean investment of $1.8 million to help Cambodia launch the Cambodia stock exchange [see: Cambodia Partners with South Korea to set up Cambodia Stock Exchange], the Cambodia parliament has officially passed a law that would allow the Cambodia stock exchange to open in 2009.
cambodia cambodia economy stock […]

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In an effort to drive Cambodia tourism, the Cambodia government plans to launch a new national Cambodia airline according to eTravelBalckboard.
asian tourism cambodia economy cambodia government royal air cambodge thailand tourism market vietnam

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With 11 percent growth over the last three years, continued economic stability, and expanding financial sector, Cambodia has partnered with South Korea to set up the Cambodia stock exchange according to Forbes.
cambodia cambodia economy comparative advantage economic stability south korea stock exchange

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