Via The Economist, an article on Cambodia’s economy: Driving along Hun Sen Boulevard—named after the man who has led Cambodia since 1985—a shiny Mercedes-Benz dealership appears in the litter-covered scrubland, its chunky white vehicles nestled behind thick plate glass. Beyond, the cranes and towers of Phnom Penh loom. They speak to the riches Mr Hun […]
Read more »Via Emerging Frontiers, a look at Cambodia: As the 10-member Association of Southeast Asian Nations (ASEAN) prepares for its single-market Economic Community in 2015, Cambodia is poised to benefit tremendously from this unification. With President Barack Obama in attendance, Cambodia played host to the 2012 ASEAN Summit in Phnom Penh in November. The most salient […]
Read more »Via Global Finance Magazine, a look at Cambodia: Often overshadowed by its regional rivals Vietnam, Thailand and, most recently, Myanmar, Cambodia has been undergoing a quiet transformation. After more than a decade of 6%-plus growth—with just one hiccup during the global crisis in 2009—the Southeast Asian nation of 15 million people has begun attracting serious […]
Read more »Courtesy of Capitalist Exploits, some interesting comments on Cambodia: “…With a GDP per capita of just US$2,300, Cambodia is a poor country, make no mistake about it. Yet just 10 years ago per capita income was just US$1,000. This means that the Cambodians have enjoyed a 230% increase in income, and thus a vastly improved […]
Read more »Via The New York Times, a report on planned Chinese investment in Cambodia: Two Chinese companies have reached a deal to build a 400-kilometer rail line, a steel plant and a seaport in Cambodia, worth a combined $11.2 billion, in what would be by far the impoverished country’s biggest-ever investments. Cambodia Iron & Steel Mining […]
Read more »Via Asia News Network, a look at Cambodia’s expected economic growth: Cambodia is projected to be one of the fastest growing developing economies in the Asia-Pacific region over the next five years, the International Monetary Fund (IMF) says. In its annual World Economic Outlook released yesterday, the IMF said that Cambodia was also expected to […]
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