Cambodian Economy Reviews

THE country’s fledgling insurance industry saw revenues pick up at the end of the year to record an annualised 2.86 percent drop in premiums, officials said.
Chhay Rattanak, chairman of the General Insurance Association of Cambodia (GIAC), said that total premium revenues for 2009 fell to US$20.07 million.
“The global financial crisis is impacting on all sectors, [...]

Cambodia’s first insurance agency had started in 1990 by the State-owned agency – Caminco. After the 1993 national election, the insurance industry is increasing when local and foreign investors have invested in the sector during nearly 20 years. Even though, it is noticed that insurance industry still face challenges in a market where a few [...]

Ministry of Planning released the consumer price index (CPI) that the price of consumer goods fell by 1.6 percent in October, compared to the price in the same month last year. In comparison with the October last year, food price declined 1.8 percent last month.
According to the report, while the price of cooking gas dropped [...]

The global economic recession is expected to contract Cambodia’s economy by about 1.5 percent this year, the Asian Development Bank reported Tuesday, with the key economic drivers affected.
Dwindling clothing exports, especially to the US market, along with a slow-down in construction and tourist arrivals, contributed to the ADB’s Development Outlook 2009 Update.
“These domains rely mostly [...]