Tag Archives: economic crisis

Cambodian Economist Sees More US Woes Ahead

The US markets have had a turbulent run in the last few weeks, thanks to political wrangling in Washington over the budget and national debt, as well as a downgrade in the country’s credit rating by Standard and Poor’s. A weak recovery to the global economic crisis in 2008 has not helped. A Cambodian economist in the US says that fear among investors could damage the economy further and may even lead to a double recession. Continue reading

With a Chance at an Oscar, ‘Inside Job’ Seeks Wide Reach

With the documentary “Inside Job” now nominated for Oscar contention, its US-Cambodian collaborator says she hopes more people will watch the film. “Inside Job” is an investigation into the 2008 global financial crisis and of the people in power responsible. Already well received, the film will now compete against four other finalists for an Academy Award on Feb Continue reading

Drop in number of new business opening

According to the data released from the ministry of commerce, the number of new business opened in 2008 decreased due to the world economic crisis and downturn of Cambodia’s growth domestic product. There were 2,744 new business in 2008 registered with the ministry of commerce, 2,826 new openings in 2007 and 1,670 new openings in … Continue reading

Cambodian economic growth rate down in 2009

While the global economic crisis continues to collapse, the International Monetary Fund (IMF) projected that the Cambodian economic growth rate will be likely to fall below 4.8 percent in 2009 but Cambodian government officials have rebuffed a gloomy economic forecast. Growth in external trade is expected to slow in 2009 because of a slowdown in … Continue reading