According to the National Bank of Cambodia, the country has more than 70 microfinance institutions and 170 rural credit operators.
Conor Savoy, director of policy and advocacy at the Washington-based Global Innovation Fund, tells VOA Khmer that focusing the development finance on Asia’s private sector is a comparative advantage that the US has over China in the region. VOA Khmer’s Chetra Chap reports.
The IMF did not provide a breakdown of the exact share of the country’s overall credit balance held by the real estate and construction sectors.
The $60-billion overseas investment agency could counterbalance surging Chinese investment and loans across Asia, though China will likely continue to dominate large infrastructure finance.
A dozen leading businesswomen participated in a US-sponsored training program to learn the business management, partnership and leadership skills needed to expand their enterprises despite cultural barriers.
Singapore Trade data shows $15 billion of exports to Cambodia over five years, conflicting with local records.
While Cambodia has enjoyed strong growth and an influx of foreign investment in recent years, a toxic combination of rising wages and low-skilled labor presents a looming threat to the country’s two-dimensional economy.
Economic growth is expected to remain steady at about 7 percent, according to the ADB.
President Nicolas Maduro announced a new strategy to restore the economy in Venezuela. The plan includes a 3,000 percent increase in the minimum wage and strict price regulations of over 20 food products. VOA Khmer's Hong Chenda narrates.
At a meeting in the capital, Michael Newbill, the embassy’s chargé d’affaires, said incurring substantial debts to China has had negative impacts on other countries, such as Sri Lanka and Djibouti.
Terminated Cambodian workers want big brands to pressure their supplier.
Asean is home to some of the fastest-growing economies in the world, with a combined gross domestic product of about $2.5 billion in 2016, according to a report by PriceWaterhouseCoopers.
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