Inflation to remain ‘manageable’: National Bank of Cambodia
The central bank said that the exchange rate between the local currency and US dollar “remains stable, which helps to boost purchasing power and reduce impact from increasing…
The central bank said that the exchange rate between the local currency and US dollar “remains stable, which helps to boost purchasing power and reduce impact from increasing…
The report, released on May 31, showed that this spending was aimed at supporting businesses, preserving life, and increasing people's socio-economic resilience.
The Covid-19 crisis is showing signs of easing, but the crisis in Ukraine presents a new set of headaches for leaders, raising concerns over the sustainability of economic growth.
A spokesperson said that under the Regional Comprehensive Economic Partnership, China has become a key development partner of Cambodia, along with South Korea and Japan.
The 15 signatories of the RCEP account for about 30 per cent of the world’s population and 30 per cent of global GDP.
He also said that Cambodia “made great strides to open up its economy and engaged with new markets” by signing free trade agreements (FTA) with China and South Korea.
They will serve as a new financial instrument for institutional investors, insurance companies and banks.
Currently, visitors from the South Asian country must transit in Thailand, Malaysia or Singapore before continuing on to Cambodia.
The two sides discussed strengthening mutual support between the two countries anda stronger degree of tourism collaboration
This comes as Cambodia committed to boosting the use of electric cars and buses by 40%, and motorcycles by 70%, by 2050.