The Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. According to a report by the Ministry of Economy and Finance (MEF), the revenue collected comes to over 92 percent of the 2022 annual plan. June was the most rewarding month […]
Read MoreThe Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste. “The tax reduction amounts to around 25% of what companies paid to buy biodegradable plastic products between 2022 and 2024,” said Industry Minister Suriya Jungrungreangkit. “This measure […]
Read MoreMANILA, Philippines — Business group Philippine Chamber of Commerce and Industry (PCCI) has a cautiously optimistic outlook for the country’s economy this year, with high food prices as an issue of concern. “Our economy will sustain a healthy pace in the first half of the new year. Although there may still be interest hikes mirroring […]
Read MoreThe government plans to mobilise 41.15 trillion kip to address the projected fiscal deficit and repay domestic and overseas loans by the end of 2023, according to a senior official. Of the total figure, 36.1 trillion kip will be required to pay back domestic and overseas loans, the Minister of Finance, Mr Bounchom Ubonpaseuth, told […]
Read MoreCambodia exported $1.81 billion worth of products to Japan in the first 11 months of last year, a year-on-year increase of 11.4 percent, according to the data from the Japan External Trade Organization (JETRO) yesterday. From January to November, Cambodia’s import from the East Asia nation was valued at $473 million, a decrease of 10 […]
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Thailand
