News Category: Economy

Friday, July 17, 2026 Economy

Global tech stocks fall as AI, chipmakers under pressure

NEW YORK: US stocks closed lower on Tuesday as technology and semiconductor stocks were hit by heavy selling pressure, dragging the Nasdaq and S&P 500 indexes lower. The decline came as investors expressed concerns about the high cost of developing artificial intelligence (AI) technology and increased competition in the chip industry. Some major technology companies also saw their shares sell off. In addition, geopolitical tensions in the Middle East and rising oil prices have made investors more cautious and put pressure on global financial markets. However, many analysts still believe that...

Monday, July 13, 2026 Economy

China's electric car exports continue to grow despite tariff pressure from the European Union

China's passenger car exports continued to grow strongly in June 2026, boosted by demand for electric vehicles (EVs) in the international market, even as the country faces tariffs and trade barriers from the European Union (EU). According to data from the China Association of Automobile Manufacturers (CAAM), passenger car exports in June rose by about 80% year-on-year, with electric vehicle exports remaining a key driver of growth. In the first half of 2026, China exported more than 4.4 million vehicles, while analysts expect full-year exports to reach nearly 10 million. However, the European Union continues to impose additional tariffs on electric vehicles made in China...

Monday, July 13, 2026 Economy

China prepares to release second-quarter GDP data as world watches for signs of economic growth

China is set to release gross domestic product (GDP) data for the second quarter of 2026 this week, as investors, financial markets and economic analysts around the world are closely watching to gauge the direction of the world's second-largest economy. Most economists expect China's economic growth in the second quarter to slow compared to the first quarter as domestic consumption remains weak, the property sector has not yet recovered and the impact of global economic uncertainty. The People's Bank of China (PBOC) has said it will continue to support economic growth by maintaining sufficient liquidity in the financial system and promoting investment in technology...

Saturday, July 11, 2026 Economy

China temporarily suspends helium exports as war in West Asia raises concerns over global supply chain

Beijing, July 10, 2026 – The Chinese government has announced a temporary suspension of helium exports, effective immediately, as security tensions and conflicts in West Asia escalate, raising concerns about the stability of the global supply chain for key raw materials. The decision was announced by China’s Ministry of Commerce and the General Administration of Customs, with authorities saying the measure is aimed at ensuring helium supplies for domestic demand as the international market faces uncertainty. However, China has not yet said how long the suspension will last.Helium...

Saturday, July 11, 2026 Economy

Cambodia is the country with the biggest decline in international tourists in Southeast Asia in the first 5 months of 2026.

Cambodia's tourism sector is facing a significant decline, with data showing that Cambodia has become the country with the largest decline in international tourists in Southeast Asia in the first five months of 2026. According to published data, the number of international tourists to Cambodia fell by 47.8% compared to the same period in 2025. This decline is higher than neighboring countries in Southeast Asia, most of which have maintained growth or decreased only slightly. Analysts say that despite the world facing geopolitical uncertainty, economic fluctuations and disruptions to air travel, many countries in the region are still able to attract tourists better than Cambodia. The decline in international tourists can directly affect the hotel, restaurant, transportation and many small businesses...

Thursday, July 9, 2026 Economy

IMF assesses Cambodian economy: Growth remains, but expected to slow to 3% in 2026

Phnom Penh: The International Monetary Fund (IMF) has concluded its annual economic assessment mission (Article IV Mission) to Cambodia, stating that the Cambodian economy continues to show resilience, but economic growth is projected to slow to 3% in 2026. According to the IMF report, key factors affecting economic growth include rising energy prices, uncertainty over global trade policies, low tourism growth, and weak domestic demand. IMF...

Thursday, July 2, 2026 Economy

Cambodian economy expected to grow in the range of 4-4.5% for 2026

Phnom Penh: Despite the uncertain global economic environment, the Cambodian economy is projected to continue to maintain a strong growth rate of 4% to 4.5% in 2026. Maintaining this level of growth demonstrates the resilience of the national economy and the effectiveness of the Royal Government’s recovery policies. Key economic growth drivers Economic growth in the 4-4.5% range is expected to be driven by a number of core sectors: Tourism recovery: The continued increase in international tourist arrivals, coupled with the benefits of new flight connections (such as the Open Skies agreement), has helped to boost revenue in the sector. Manufacturing strength:...

Thursday, July 2, 2026 Economy

Cambodia-US open new chapter in aviation through "Open Skies" agreement

Phnom Penh: The signing of the “Open Skies” aviation agreement between Cambodia and the United States is considered a historic event that will pave the way for free flight connections, strengthen economic ties and promote tourism between the two countries. The agreement is a mechanism that gives airlines from both countries complete freedom to determine the number of flights as well as flight routes according to market demand, without the restrictions that were previously imposed. Promoting the economy and tourism sectors, economic experts said that the “Open Skies” agreement will play a significant role in attracting American investors to Cambodia. Facilitating the transportation of goods by air (Air...

Thursday, July 2, 2026 Economy

Revenue from ticket sales to Angkor temples increased to more than $18.4 million in the first 6 months of 2026

Siem Reap: Cambodia’s tourism sector continues to show significant growth, with Angkor Archaeological Park earning more than $18.4 million in revenue from ticket sales to foreign tourists in the first half of 2026. Official data shows that between January and June 2026, an estimated 388,000 foreign tourists visited the Angkor site, a figure that reflects the continued recovery of Cambodia’s tourism sector. The increase in tourist arrivals is seen as a positive sign for the national economy as Cambodia continues to strengthen its tourism promotion and expand its connections with international tourist markets. Revenue from ticket sales to Angkor...

Friday, June 26, 2026 Economy

South Korea sets goal of attracting 30 million tourists by 2030

South Korea has announced a goal of attracting 30 million international tourists a year by 2030, building on the strength of K-Culture, including K-Pop, K-Drama, food, and K-Beauty products. The government plans to develop new tourist destinations outside Seoul to boost the local economy and provide a richer experience for tourists. The plan also includes strengthening infrastructure, increasing travel convenience, and promoting Korean culture to international markets. Korean officials believe that the growth of K-Culture...