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In 2020, most industries around the world were hit by the new crown pneumonia pandemic, the market fell avalanche, the people's livelihood and the economy were sluggish, and the Cambodian economy did not perform as expected. In the face of the cold winter in various industries, the insurance industry has performed beautifully. [caption id="attachment_2103" align="alignnone" width="1280"] Photographer：Olya Kobruseva[/caption] In the adversity of the epidemic, the insurance market is still growing According to the International Monetary Fund (IMF) report, Cambodia's GDP will decline by 3.5% in 2020. The epidemic has severely hit many industries in Cambodia, but the insurance industry has grown against the trend in a severe environment. The latest information released by the Insurance Association of Cambodia pointed out that last year, Cambodia’s overall insurance premiums increased by 7.3%…

Before the epidemic, digital payments had been popular for many years. Last year, the new crown pneumonia pushed up the number of users of digital payments, which in turn led to the acceleration of the development of digital currencies. However, countries have completely different views on digital currencies. Is it necessary to develop digital currencies? [caption id="attachment_2093" align="alignnone" width="1200"] Photo by Bermix Studio on Unsplash[/caption] Many countries around the world have invested in digital currency development The popularity of digital payments and the rising prices of cryptocurrencies, coupled with the epidemic has fueled the flames, many governments or central banks around the world have invested in the development of digital currencies, or increased their schedule. According to a report by PWC, the top three countries developing retail digital currencies are…

The Cambodian stock market performed well in the first quarter. Amidst the decline of most industries, a group of companies stood alone and grew against the trend. Why did the Cambodian stock market achieve such a result? The financial industry is most favored by foreign capital The Cambodian financial industry has always been loved by foreign investors and has been the first in all industries to receive foreign direct investment in recent years. According to information from the Central Bank of Cambodia, the manufacturing industry was still in command in 2014 and 2015, receiving the most funds from the net FDI inflow industry, but it has gradually shifted its focus to the financial industry. In 2016, the financial industry received the most foreign investment and officially ranked first in FDI…

Affected by the epidemic, global foreign direct investment (FDI) has declined by 40%, which has also affected Cambodia's economic development. Construction and real estate were also hit, with FDI falling by 10.8% year-on-year. Is the Cambodian real estate market, which is loved by foreign investors, entering an industrial ice age? [caption id="attachment_2074" align="alignnone" width="1200"] Photo by Paul Szewczyk on Unsplash[/caption] The global FDI recession, Cambodia only slightly reduced The world is affected by the new crown pneumonia epidemic, not only the economy is shut down, but foreign direct investment has also plummeted by more than 40%. According to the United Nations Conference on Trade and Development (UNCTAD) report, global FDI fell by 42% last year to only US$859 billion. Such a low amount only appeared in the last century and…

The year of the Covid-19 pandemic has passed, and many countries’ economic activities have been severely hit, and Cambodia is no exception. However, due to the setbacks of the overall environment, the Cambodian financial market has sprung up and delivered a beautiful report card. Despite the epidemic, the stock market will perform well in 2020 After 2020, with Covid-19 as the representative word, many industries around the world, such as tourism, aviation, etc., have been hit hard. Cambodia's economy can't escape its fate. The economic performance in 2020 will plunge, and the economic growth rate will go from 7% in the past to negative growth in 2020. Even if all industries are affected, the Cambodian stock market is active. According to a report from the Cambodia Stock Exchange, the daily…

A few days ago Coca-Cola announced a price increase next year, and other world-renowned companies have also issued announcements about product price increases. Not only did food companies adjust their prices, but the agricultural product price index also broke new highs in recent years. Does this mean that the clarion call for future inflation has sounded? World-renowned manufacturers have raised their prices Coke is an indispensable drink in European and American countries, and some countries even drink more Coke than water. A few days ago, Coca-Cola launched a shock bomb, and decided to increase the price of some products due to increased costs. Although it has not been stated whether Coke will be adjusted upwards, it has attracted market attention. In addition, Baoqiao (P&G), a major consumer goods manufacturer, also…

In response to the rise of mobile payments and Bitcoin, central banks have begun to consider the possibility of issuing central bank digital currencies (CBDC). In terms of the development of digital currencies by global central banks, Cambodia's digital currency maturity ranks second in the world. Cambodia's CBDC development, second in the world PWC, an internationally renowned accounting firm, released the "Global CBDC Index" report, which pointed out that in the development of retail CBDC, Cambodia ranks second in the world. Bahamas ranks first. Cambodia’s CBDC is called Bakong. Both CBDC have been officially issued. The third-placed China is still in the experimental stage and only tested in a few cities. According to a Bloomberg report, 60 central banks around the world have begun to study CBDC. Central banks of…