Cambodian Economics Performance

Cambodia’s growth in exports and tourism slowed down in the first half of 2015, though domestic demand is holding up supported by an expansion of credit to the private sector.

Shipments of garments and footwear produced in Cambodia rose by 11.0% year on year, decelerating from 14.5% in the first half of 2014. Growth in total merchandise exports moderated to 14.0% from 18.3%. As for tourist arrivals, the rate of increase slowed to 4.6% in the first half from 5.2% a year earlier. Agriculture is suffering from an extended period of low rainfall.

However, data indicate that domestic demand is holding up, based on 33.3% year on year expansion of credit to the private sector in May and indications of high growth in imports. While the expansion of garment manufacturing, construction, and services—in particular tourism, finance, and real estate services— continues to drive growth in Gross Domestic Product (GDP), the pace in the garment and tourism industries seems to have moderated.

The garment industry faces increased competition arising from the appreciation of the US dollar, in that the Cambodian economy is heavily dollarized, and from other low-wage competitors including Myanmar.

Excerpted from: ADB

Mondulkiri - The Sea Forest of Cambodia

Mondulkiri is Cambodia’s largest, nevertheless least-populated province. the area features distinctive rolling hills, fine country views, wild natural landscapes, jungles, multiple of waterfalls and a unique indigenous culture. Sen Monorom - Mondulkiri’s city, at an altitude of about 800m above sea level, offers a refreshing break from the heat of Cambodia's lower plains. sen Monorom is found 370km north east of Phnom Penh. Traveling to Mondulkiri is easy now, since the road has been upgraded and paved . This large and quiet province, is one of Cambodia’s most lovely areas, and a beautiful destination to include whilst traveling around Cambodia. Mondulkiri is a rising destination for nature / eco-tourists and there are elephant & wildlife sanctuaries and Eco-tourism projects in the area.

Cambodian Education System

Education in Cambodia is controlled by the state through the Ministry of Education in a national level and by the Department of Education at the provincial level. The Constitution of Cambodia establishes that the state shall protect and upgrade citizen's rights to quality education at all levels, guaranteeing that all citizens have equal opportunity to earn a living (Article 66). The state shall adopt an education program "according to the principle of modern pedagogy including technology and foreign languages," as well as the state controls public and private schools and classrooms at all levels (Article 67). The Cambodian education system includes pre-school, primary, general secondary, higher education and non-formal education. The education system includes the development of sport, information technology education, research development and technical education. School enrollment has increased during the 2000s in Cambodia. USAID data shows that in 201...

Koh Rong - The Biggest of the Islands

Koh Rong is the biggest island off the coast of Sihanoukville within the Gulf of Thailand that stretches from southeast to north-west, roughly elongate form and it encompasses an area of 78 square km. The parcel of land is preponderantly craggy with a large mountain (316 meters) at the island’s north-west. The hills offer water for incalculable creeks and estuaries. The island’s interior is somewhat fully forested, concealing variety of waterfalls. Koh Rong has about 43 kilometers of beaches. There are no less than twenty-three beaches of varied length and coloration – from (predominantly) white to beige to rosy sands - on most of the outline. Bays, sticking out capes and spectacular erinaceous rock formations give a beautiful island’s scenic panorama. The southern coastline - exposed to the weather and open sea, is especially spectacular, whereas the eastern coast that faces towards the land is characterised by a sequence of sleek hills, gently sloping towards the vari...

STUNNING CAMBODIA

Search This Blog