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Tag Archives: Economic growth
Exports to EU Jump After Relaxed Trade Rules
Cambodian exports to the European Union have soared in the last six months and are expected to reach more than $1.5 billion by the end of the year. The increase comes from relaxed rules under an EU preferential scheme, the EU said in a statement, as more than 100 Cambodian exporters from various sectors met in hopes of benefiting from preferential trade status. Cambodian producers can benefit from the EU’s “Everything But Arms” plan, which allows for tariff-free exports. Continue reading
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Tagged Cambodia, Economic growth, european-union, exports-include, important-lever, increase-comes, ministry, over-the-last, rafael-dochoa, trade-openness, year
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Cambodia Struggling to Meet Asean Integration
Cambodia’s economy is lagging behind other Asean countries, making it hard to meet the level of other Asean countries, finance officials said Wednesday. Cambodian and Asean economic officials were meeting in Phnom Penh to push for economic integration for 2015. Continue reading
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Tagged ASEAN, Cambodia, cambodian, Economic growth, Economy, economy and business, Finance, Human rights, making-it-hard, ministry, party, Singapore, vietnam
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Growing Economy at a ‘Crossroads’: ADB
The Asian Development Bank said Wednesday Cambodia’s economic growth in coming years will reach up to 6.7 percent, driven by recovery in key sectors following the 2008 economic crisis. Peter Brimble, a senior economist for the Bank, said growth in 2010 showed Cambodia on a strong footing. But he warned the country is now at a “crossroads,” with economic drivers showing a lot of potential. Continue reading
Opposition Worries Japan Disaster Could Hurt Aid Money
Opposition leaders say Japan’s earthquake and tsunami woes will affect aid coming to Cambodia in future years, underscoring the importance of economic independence. The Japanese government said this week the disaster would not affect its aid to Cambodia, signing a $94 million aid package on Tuesday Continue reading
Global economic downturn affected Cambodia: IMF warns
With the impact of the global financial crisis and economic slowdown, The International Monetary Fund (IMF) warned that Cambodian economy will face “serious challenges”. IMF projected that the growth rate of Cambodian economy would be falling below 4.8 percent 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. … Continue reading