Trade likely to plunge up to a third worldwide

Publication date 09 April 2020 | 00:01 | ICT

Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organisation (WTO) said on Wednesday, warning that the numbers would be “ugly”.

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  • Gov’t bans fish exports

    Publication date 05 April 2020 | 22:15 | ICT

    The government has suspended fish exports in an effort to stabilise domestic supply in the face of the spreading coronavirus.

  • Public service fees reduced to up growth

    Publication date 05 April 2020 | 22:14 | ICT

    The government has decided to revise three types of public service fees to boost business registration and draw more investment both locally and abroad, said the ministries of Economy and Finance; and Commerce in a joint statement.

     
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  • US small, medium-sized businesses seek $5.4 billion in virus relief loans

    Publication date 05 April 2020 | 22:13 | ICT

    Small and medium-sized US businesses have applied for more than $5.4 billion in government-backed loans as a key pillar of the country’s coronavirus relief plan took effect, the Trump administration said.

  • Philippines: Don’t invest in firms exploiting epidemic

    Publication date 05 April 2020 | 22:12 | ICT

    The Philippine’s Securities and Exchange Commission (SEC) has warned the public against dealing with 14 entities found to have exploited the Covid-19 pandemic to defraud investors and consumers.

     
  • Mexico to stop making Corona beer amid crisis

    Publication date 05 April 2020 | 22:12 | ICT

    Two Mexican brewers, including the producers of Corona beer, have said they are reducing production because of the health emergency in the country over the Covid-19 pandemic.

  • Economic growth to shrink to 2.3% in 2020, ADB says

    Publication date 03 April 2020 | 14:08 | ICT

    The Asian Development Bank (ABD) has slashed Cambodia’s 2020 gross domestic product (GDP) growth to 2.3 per cent from its initial 6.8 per cent forecast due to the slowdown in major economies and China and reduced access to export ma

  • CDC approves seven projects worth $174M

    Publication date 02 April 2020 | 22:16 | ICT

    The Council for the Development of Cambodia (CDC) on Wednesday approved seven investment projects worth $174.1 million and expected to generate 3,328 jobs, it said in a press release.

  • Delivery apps booming in midst of Covid-19 epidemic

    Publication date 02 April 2020 | 22:15 | ICT

    While the fear of catching Covid-19 has kept some people out of restaurants and fast food shops, food delivery companies have reported a sharp growth in business since the virus emerged.

  • Senate okays coal-fired plants, transmission line

    Publication date 02 April 2020 | 22:15 | ICT

    The Senate on Thursday approved two coal-power plants and a power transmission line with a combined value of $1.7 billion.

  • Cuba says will bring additional investors

    Publication date 02 April 2020 | 22:14 | ICT

    Cuba on Wednesday vowed to encourage its citizens to invest in Cambodia after the ongoing pandemic has stabilised, Minister of Tourism Thong Khon said via the ministry’s official Facebook page.