Cambodian Economy Reviews

The global economic recession is still plaguing Cambodia’s garment industries, which is the nation’s main revenues and created jobs for Cambodian people from different provinces. During the last 9 months from January to September 2009, garment export decreased 21.66 percent, compared with the same period of 2008. The Ministry of Commerce released data; it shows [...]

Despite the time of the global financial crisis, Malayan banking Bhd (Maybank) still opened its fifth branch located at Olympic stadium in Phnom Penh city, it is expected that the new branch will help boost loan and deposit growth by 38 percent and 15 percent respectively by the end of June next year. Maybank Olympic [...]

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 [...]

Investment fell from $4.42 billion in mid-2008 to $1.22 billion for the same period this year, the Council for the Development of Cambodia reported. Officials say the economic downward shares the blame with an overall decrease in a large number of high-dollar projects in 2008. “But through mid-2009, there have been no such kind of [...]