Sign up | Log in



Home  >>   Daily News  >>   Cambodia News  >>   Economy  >>   Cambodia expects to grow by 15% in 2014
NEWS UPDATES Asean Affairs   3 February 2012

Cambodia expects to grow by 15% in 2014

The Cambodian economy could potentially grow 14.9 per cent by the end of 2014, according to statements yesterday from Council of Ministers spokesman Phay Siphan.

He said the official figures had come from the Ministry of Planning.

To achieve such growth, the ministry predicted that US$11.51 billion would need to be invested in public works over the next three years.

“The GDP cannot increase itself,” Phay Siphan said.

“We need road building, bridges and other travel channels in order to obtain this big increase.”

Market trends indicated that Cambodia would require an additional $2.76 billion from offshore aid, loans or the oil and gas industry in order to meet the $11 billion mark, he added.

The figure would be a substantial increase over the government’s prediction for 2012 growth, which is now set at 6.5 per cent.

University of Cambodia business and economics lecturer Chheng Kimlong said: “I think that’s a bit ambitious. It’s probably closer to 8 or 9 per cent, or a maximum of 10 per cent, based on current rates of investment and growth.”

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    3 February 2012 Subsribe Now !
• Indonesia and Pakistan in FTA talks  Subcribe: Asean Affairs Global Magazine
• Cambodia expects to grow by 15% in 2014 Asean Affairs Premium

• Bangkok Terrorist threat clarification by Thai Gov

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• $70 million credit to fight climate change for Vietnam   

• Myanmar’s US$ 11 B foreign debt   



Asean Analysis           25 January   2012

Advertise Your Brand
• Asean Analysis-Asean January 25 Sponsor Our Events

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand