3 ways Cambodia can recover from the COVID-19 pandemic faster

Cambodia will benefit from cooperation in three major areas: vaccine deployment, reviving sectors of the regional economy, and building on their close integration into global value chains. For decades, East Asia and the Pacific region sustained rapid economic growth while lifting hundreds of millions out of poverty. And through much of 2020, some countries in the region were a model for how …

ADB maintains its forecast for Cambodia’s economy to shrink by 4% by 2020

ADB maintains its forecast for Cambodia's economy to shrink by 4% by 2020, Cambodia Time

The Asian Development Bank (ADB) in late December 2020 released its December supplementary report, keeping its forecast for the Cambodian economy to shrink by 4% at 2020 as the same as the September forecast. But for 2021, the ADB has cut its forecast slightly, with the latest forecast that Cambodia’s economy will grow by 5.4 percent next year, up from …

Cambodia plans to buy 1 million doses of Covid-19 vaccine as a first step

The Prime Minister of Cambodia, Samdech Techo Hun Sen

The Prime Minister of Cambodia, Samdech Techo Hun Sen, on the evening of December 7, 2020, announced on his official Facebook page that he had introduced the Minister of Economy and Finance  will prepare one million doses for Covid-19 vaccine for the initial injection for those working in areas high risk and those at risk. Samdech Techo announced that the …

Angkor Wat’s Monthly Revenue Dropped By 99.5% 

Angkor Wat's Monthly Revenue Dropped By 99.5% 

Angkor Wat’s Monthly Revenue Dropped By 99.5% Revenue at Cambodia’s Angkor Archaeological Park has seen an astounding decline in revenue from April ticket sales, as extreme travel restrictions due to the COVID-19 pandemic decimated the Kingdom’s most well-known attraction. With the park earning only $29,368 for the whole month of April, representing an approximate 99.5 percent drop from almost $7 …