Cambodia
Kingdom travel group plans new elections
The Cambodia Association of Travel Agents has agreed to hold elections at the end of the month after a leadership dispute rocked the association late last year. CATA and the Ministry of Tourism arranged the elections for the top leadership positions that oversee Cambodia’s second largest industry, according to current CATA president Ang Kim Eang. An exact date was not given. Several CATA board members accused Ang Kim Eang of misusing association funds and called for his resignation in December, the Post reported.
The Cambodia Association of Travel Agents has agreed to hold elections at the end of the month after a leadership dispute rocked the association late last year. CATA and the Ministry of Tourism arranged the elections for the top leadership positions that oversee Cambodia’s second largest industry, according to current CATA president Ang Kim Eang. An exact date was not given. Several CATA board members accused Ang Kim Eang of misusing association funds and called for his resignation in December, the Post reported.
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Kingdom travel group plans new elections
Asean
CLMV economies Outlook by EIC Q1/2021
Within the region, Vietnam’s economy is projected the fastest growth due to ongoing strong exports performance for electronics products and a resilient domestic economy.
The global recession and COVID-19 pandemic heavily affected CLMV economies in 2020, resulting in major slowdown in Vietnam and Myanmar whereas Laos and Cambodia faced economic contractions from additionally specific negative factors.
Cambodia
CLMV’s economic growth crashes to two-decade low due to COVID-19
The COVID-19 crisis has caused the rate of economic growth in the CLMV bloc to be at its lowest in two decades, the CLMV economies could grow at 3.4 percent this year
The COVID-19 pandemic is having a negative impact on CLMV economies through their dependency on foreign-sourced revenue from tourism and exports says KResearchCenter.
Cambodia
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China is Cambodia’s biggest aid provider and Chinese investors hold almost a quarter of Cambodia’s total FDI stock. Distinguishing Chinese aid from investment is difficult, but there is no doubting China’s huge economic impact in Cambodia.
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