Economy and Finance
While ASEAN Neighbours Grow in EV Industries, What Can Cambodia Do Beyond a Consumer Role?
While neighboring countries such as Thailand, Indonesia, and Vietnam are making significant strides in the electric vehicle (EV) industry, Cambodia's participation in this emerging market has been relatively subdued. The country's limited activity in EV products can be attributed to several barriers that hinder the development of the EV market. Understanding these challenges and identifying potent...
Read MoreResults of Biden-Xi Summit Promise a Pivotal Turn for Global Economic Harmony
In a historic face-to-face encounter, U.S. President Joe Biden and Chinese President Xi Jinping convened on 15 November 2023, on the sidelines of the Asia-Pacific Economic Cooperation conference near San Francisco. This landmark meeting, their first in a year, carried significant implications for the global economy. “We have to ensure that competition does not veer into conflict,” Biden said at...
Read MoreWB Warns: Limited transportation and logistics and unreliable power supply slowed Cambodia’s economic recovery
The World Bank warns that Cambodia's economic growth may be further affected by weak global demand or rising food prices for the future as domestic issues face rising household debt and domestic credit. Real estate remains a risk, according to WB's press release on 22 November 2023. External Challenges: A Global Tapestry Impacting Local Prosperity: The World Bank underscores the influence of ex...
Read MoreJapan to Propose New Legislation to Unlock Loans for Businesses Based on Growth Potential Without Property Collateral
The Japanese government is set to introduce groundbreaking legislation aimed at enabling emerging startups and small to midsize enterprises (SMEs) to secure loans based on their growth potential, rather than traditional collateral like real estate, according to The Japan News published on 16 October 2023. This strategic move is part of a comprehensive economic stimulus package scheduled for fin...
Read MoreCambodia Stock Ready for Trading Online with Investors Open Accounts Projected to Almost Double In 2024
Cambodia's Securities Exchange is experiencing a remarkable surge, with the number of trading accounts growing by an impressive 31% year-on-year. As of the end of Q3 2023, the total reached a substantial 43,974. This significant growth is a testament to the nation's burgeoning interest in the stock market, according to the Cambodia Investment Review update on 26 October 2023. Behind this surg...
Read MoreThai Political Situation Impacting Real Estate Sector
Real estate experts have expressed concern over the impact on the sector due to political uncertainty stemming from the May general elections which saw the installation of a new Prime Minister Srettha Thavisin, despite the Move Forward party winning the most votes. The real estate sector contributes around 10% of Thailand’s GDP, so any negative impact on the launch of new projects and sales has...
Read MoreWorld Bank Warns Cambodia’s GDP to Plunge 9% by 2050 If Climate Crisis Not Properly Addressed
Cambodia stands at a critical crossroads in its path to development, as an alarming report from the World Bank underscores the looming perils of climate change. The recent Cambodia Country Climate and Development Report (CCDR) released on 16 October 2023, unveils a strategic framework that is paramount in safeguarding the nation's future. It underscores the urgency of reducing vulnerability to cli...
Read MoreRising Skies in Southeast Asia: Why are South East Asian Countries Suddenly Expanding & Building New Mega-sized Airports?
The azure skies of Southeast Asia are in the midst of a remarkable transformation. Seven ASEAN countries are embarking on ambitious airport expansion projects, reflecting the region's remarkable growth and the pressing need to meet burgeoning demand. Research by Nikkei predicts that the annual passenger capacity at airports in the capitals of these nations will soar to a staggering 653 million by ...
Read MoreGov’t to Issue US$180m in Securities to Manage State Securities
The Cambodian government is set to issue an additional US$180 million in securities in 2024. This announcement, disclosed in the summary of the 2024 Finance Management draft law by the Ministry of Economy and Finance, underscores Cambodia's commitment to optimizing its financial resources. The newly issued state securities, amounting to 440 billion riels or US$108 million, will be instrumental ...
Read MoreCambodia’s Economic Projections for 2023-2024: ADB’s Cautious View of Rising Expectations
In a dynamic economic environment, Cambodia's growth trajectory for the coming years is under scrutiny, with varying projections from top financial institutions. The World Bank, the International Monetary Fund (IMF), and the Asian Development Bank (ADB) all offer distinct perspectives on the nation's economic future. Yet an interesting point is, why is the Asian Development Bank (ADB) forecast for...
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