Cambodia

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 [Read more →]

Alstom, a French firm, sees Cambodia foreign direct investment in trams as a solution to Phnom Penh’s traffic jams and air pollution according to Xinhua.

While no dollar figures were released to support the Cambodia foreign direct investment, [Read more →]

Telekom Malaysia, fixed line operator, has announced that it will invest in Cambodia $150 million according to Reuters.

The Cambodia investment will go towards upgrading network capacity and adding 500 base transmitter stations into the Cambodia infrastructure.

The move by Telekom Malaysia invest in Cambodia shows continued Cambodia foreign direct investment (FDI) interest [Read more →]

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 driver of the interest is in the recent discovery of offshore oil and gas deposits by the Chevron Corporation and China’s overwhelming influence in the region. Such US and China interest give enormous potential for the Cambodia economy [Read more →]

So far this year, Cambodia has seen $861 million in foreign direct investment (FDI) according to the recent United Nations Conference on Trade and Development (UNCTAD) report as cited by XinHua News.

The breakdown of total Cambodia investment thus far this year is as follows: [Read more →]

Cambodia land prices in Phnom Penh have risen from $5 per sq meter to $100 per sq meter in one year according to Channel Asia News.

The key driver to such an increase in Cambodia land prices is due the growing inflows of foreign direct investment into Cambodia from countries such as [Read more →]

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 [Read more →]

As China now looks to other nations to invest, Cambodia is seeing the benefits largely due to is past relationship with China according to EarthTimes.

With strong China Cambodia diplomatic ties dating back to the 1950’s, China made a decision to [Read more →]

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 [Read more →]

Cambodia exports of garments grew 12 percent in the first half of 2007 and Cambodia ranks as the fifth largest garment exporter in the world according to People’s Daily Online.

Nonetheless, Cambodia has much room for improvement. In other words, Cambodia exports per container cost between up to $800 and takes three days to clear legal procedures. Vietnam on the other hand, exports a container for about $300 and only takes a day to clear legal procedures.

According to the Garment Manufacturers Association of Cambodia (GMAC), the Cambodia garment industry hold over 330,000 jobs and provides livelihood for at least 1.7 million Cambodia people.

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 starting income of $174 million by 2011.

While the study seems positive for Cambodia, there are many negatives to such a windfall of oil including high inflation due to an mass increase in GDP.

In a diplomatic agreement between Cambodia, Vietnam and Brunei, the three countries have agreed to cooperate in terms of oil and gas exploration according to Borneo Bulletin.

The agreement stems from a past agreement signed 3 months ago [Read more →]

A Cambodia delegation and the Vietnam Ministry of Industry and Trade have come to an information exchange agreement to help boost the textile industry in both countries according to VietNamNet.

While the textile industry is a major export stable for both nations, key growth concerns for both Cambodia and Vietnam surround [Read more →]

The IMF (International Monetary Fund) expects Cambodia to grow 7.75 percent in 2008 [Read more →]

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. [Read more →]

In 2005, the Cambodian investment law was amended to allow for foreign ownership of fixed assets. However, due to a lack of enforcement and proper implementation the law is outdated and requires an uplift according to Asia Property Report. [Read more →]

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. [Read more →]