A new report found that Cambodia had 2.8 million loans for 3.6 million households, totaling $11.8 billion, with an average “microloan” size of $4,280, higher than the annual income of 95% of Cambodian households.
What the Regional Comprehensive Economic Partnership means for the 15 member countries.
Cambodia ratifies RCEP and FTAs with China and South Korea.
With Bakong, users can make payments and transfers in the U.S. dollar or Cambodian riel - the two currencies used in the country - with just a phone number or QR code.
When Puth Thavy was 20, the fisherman and his siblings used to come back to their village each day with three boatloads full of fish, or about 200 kilograms. Today they can barely fill a single boat.
Sochet Krisna estimates that about 600 businesses closed across the province, including many coastal attractions, but he says 100 of them have reopened in the last three months with more turning their lights back on every day. Others have closed temporarily and are now planning soft re-openings.
Launched in 2013 by Chinese President Xi Jinping, the BRI is the centerpiece of Chinese foreign policy, with investments in 70 countries as well as in international organizations.
The new wage announced by the labor ministry would be a struggle to live on, said Pav Sina, president of the Collective Union Movement of Workers.
US and Chinese officials take part in back-to-back diplomacy in Vietnam, Cambodia, Singapore and South Korea.
Hun Sen said that without Beijing, Cambodia would not be able to upgrade infrastructure or vaccinate millions of people against COVID-19.
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