Business confidence falls on political uncertainty

Business confidence for the next 12 months among companies operating in Cambodia has dropped to its lowest level since 2014, as political uncertainty involving next year’s general election looms, according to a new survey by ANZ Royal Bank. The ANZ Royal Business Confidence Index, which is based on data from businesses surveys across sectors, rated overall business confidence in Cambodia at 76 out of 100, down seven points compared to last year’s survey and the lowest since 2014. The drop in business confidence is particularly noticeable among small- and medium-size enterprises (SMEs), which expect lower revenue growth compared to previous years. Large-scale businesses, however, reported little change in confidence, something the report attributed to well-established business planning. (Source: Phnom Penh Post)