Cambodia
Increasing prices drive Cambodia’s rubber
Rubber production in early 2012 increased 21 per cent when compared to the end of 2011, according to Mak Kim Hong, president of the Cambodian Rubber Association. He said yesterday that the price of one tonne of good-quality rubber rose to US$3,800 in early 2012, compared to $3,150 late last year. Total exports last year reached 46,727 tonnes and $200.93 million, a more than 55 per cent increase from 2010’s 30,040 tonnes at $86.76 million, according to date from the Ministry of Commerce. Cambodia is the main rubber supplier to China, Malaysia and Singapore.
Rubber production in early 2012 increased 21 per cent when compared to the end of 2011, according to Mak Kim Hong, president of the Cambodian Rubber Association.
He said yesterday that the price of one tonne of good-quality rubber rose to US$3,800 in early 2012, compared to $3,150 late last year. Total exports last year reached 46,727 tonnes and $200.93 million, a more than 55 per cent increase from 2010’s 30,040 tonnes at $86.76 million, according to date from the Ministry of Commerce. Cambodia is the main rubber supplier to China, Malaysia and Singapore.
Cambodia
Cambodia Issues Tenth Round of Stimulus Measures
The tourism industry contributes 12 percent of GDP and the government views this industry as an indispensable path towards economic recovery. As such, the government also plans to attract seven million tourists by 2025 and 11 million domestic tourists by 2023.
On October 28, 2021, Cambodia issued its tenth round of stimulus measures to help specific industries mitigate the economic impact caused by the ongoing pandemic. These latest measures are an extension of the support provided in the ninth stimulus package, which was issued in June 2021.
(more…)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.
(more…)
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