Vietnam and the Philippines have been reclassified as upper-middle-income economies by the World Bank, leaving Laos, Cambodia, Myanmar, and Timor-Leste as the only ASEAN members still in the lower-middle-income category.
The annual income classifications, released on 1 July, place seven of ASEAN's 11 members in the upper-middle-income bracket or higher....
Cambodia is to will provide more than USD 100 million in subsidies to state-owned Electricité du Cambodge (EDC) in 2022 to help stabilize electricity...
Cambodia and Laos have said they are committed to exploring opportunities to develop and advance their "close and comprehensive collaboration" for the mutual benefit...
Cambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country.
Khmer...