Phnom Penh (VNA) ꧟- Cambodia is among the countries that have improved their business environment, according to the World Bank’s latest report.
Cambodia ranks at 131 out of 190 economies, the Cambodian news agency (AKP) cited the World Bank’s Doing Business 2017: Equal Opportunity for All, released on October 26.
When compared with leading economies, Cambodia has narrowed the gap with best practices, as reflected in the increase in the distance to frontier score from 54.54 to 54.79 over the past year.
The report found that over two-thirds of the region’s 25 economies implemented 45 reforms in the past year to make it easier to do business, compared to 28 reforms in the previous year.
More specifically, it added, in Cambodia, the credit bureau started to provide credit scores to banks and financial institutions, improving access to credit information. This makes it more likely for small business in Cambodia with a good financial history to get credit. Moving forward, the country needs to make starting a business easier and quicker by reducing the time to register – and not requiring evidence of capital deposit after registration.
Cambodia has been making progress in promoting a better business environment, said Inguna Dobraja, World Bank Country Manager for Cambodia.
“The reforms that Cambodia has been pursuing are helping to create a vibrant economy, which will boost prospects for many Cambodians and lift them out of poverty,” Dobraja was quoted by AKP as saying.-VNA
The World Bank (WB) said in a recently released economic update that Cambodia's GDP growth is projected to reach 7 percent in 2013 despite a challenging global economic environment.
Cambodia welcomed 2.2 million foreign visitors in the first six months of 2014, up 5.2 percent over the same period last year, according to statistics from the Cambodian Tourism Ministry.
Cambodia’s Rasmei Kampuchea Daily on December 23 devoted its front page to the State visit by Vietnamese State President Truong Tan Sang, saying the visit was welcomed by Cambodian people and caught public interests.
The Lao People’s Revolutionary Party (LPRP) Central Committee’s Commission for Propaganda and Training on August 12 hosted a ceremony and exhibition marking the 75th anniversary of Mass Media and Publishing Day (August 13, 1950 – 2025).
Analysis by an economist found the US tariffs may reduce Thailand's exports by 8.16 billion USD, and when factoring in the trade diversion effect, they could drop by 457 billion THB (14.14 billion USD) this year.
Laos has reaffirmed its strong commitment to protecting forests and enhancing climate change adaptation, calling for deeper regional cooperation to safeguard ecosystems and promote sustainable development.
The import restriction will remain in effect until further notice, depending on developments in disease prevention and control efforts in affected countries, according to the Philippine Department of Agriculture.
Addressing the event, Indonesian Ambassador Dr. Bebeb A.K.N. Djundjunan, who is now holding the ACAT rotating chairmanship, highlighted ASEAN’s message on a more united, resilient, inclusive, and sustainable association. He reviewed key achievements of the group, such as community building and expanded cooperation with global partners.
The Initiative for ASEAN Integration (IAI) has become a key mechanism in narrowing development gaps among member states, helping the CLMV fully implement the joint commitments and comprehensively participate in the bloc’s integration and community building processes.
Four other major Thai destinations - Phuket, Pattaya, Chiang Mai, and Hat Yai - also ranked among the region’s top cities for repeat visits, reflecting Thailand’s diversity and enduring appeal for travellers of all types.
In its Pre-Budget Statement 2026, the ministry stated that growth will be anchored by resilient domestic demand, particularly through private investment, stable employment, and income-enhancing measures such as targeted cash transfers and wage increases.
Singapore is at risk of chikungunya transmission as the number of reported cases this year has more than doubled compared to last year, the country’s Communicable Diseases Agency (CDA) has reported.
On August 11, major RoK outlets, including Yonhap News Agency, KBS, The Korea Herald, and The Korea Times, provided prominent coverage of the talks held the same day between General Secretary Lam and President Lee Jae Myung, during which both sides agreed to strengthen cooperation in economy, security, technology, and culture.
The Singaporean government needs to enable people, workers and businesses to make full use of these tools, and enhance their competitive advantage. It “will walk this journey” with Singaporeans as it has done for the past six decades, said Prime Minister Lawrence Wong.
The meeting provided an opportunity to reaffirm both ASEAN member states' and partners’ commitment to strengthening cooperation and narrowing development gaps.
Thailand emits roughly 350 million tonnes of carbon dioxide equivalent annually, with the energy and industrial sectors accounting for more than 75% of this amount. Though this volume represents just 1% of global emissions, the Thai Government is eager to achieve carbon neutrality, a balance between carbon dioxide emissions and absorption, by 2050.
The Malaysian government is undertaking a structured assessment to examine the role of nuclear power as a potential option for clean, stable, and competitive electricity within Malaysia’s future energy mix.
It aims to identify and honour digital technology initiatives, products, and solutions with practical applications; promote creativity in technology development; anticipate trends and development potential in digital technology; and recognise the role of digital technology in economic growth and enhancing quality of life for citizens in ASEAN countries.
Addressing the ceremony, Indonesian Ambassador Simon D.I. Soekamo, the rotating Chair of the ASEAN Committee in Cuba, highlighted the bloc's spirit of friendship and solidarity, and reaffirmed ASEAN's core values of peace, stability, and prosperity through cooperation and dialogue.
Vietnam’s pavilion notably displayed traditional crafts from the centuries-old lacquerware village of Ha Thai and Chu Dau ceramics. The atmosphere was further enriched by delegations wearing their countries’ traditional costumes, including the elegant ao dai and the graceful ao tu than of Vietnamese women.
Illustrative image (Source: goodluckcambodia.com)
