The General Department of Taxation (GDT) has ordered that all taxpayers show the total amount of their tax invoices in Cambodian riel. The change will come into effect on April 1. The GDT instruction issued on Monday indicates that tax invoices are required to show total amounts in the local currency, although taxpayers can use […]
Read MoreThe use of the riel in the Cambodian economy is set to see a significant increase as more use it for large transactions, but its market share remains dwarfed by the dollar, according to a survey by the National Bank of Cambodia (NBC) and the Japan International Cooperation Agency (Jica). While riel use is set […]
Read MoreThe Ministry of Economy and Finance has presented a proposal for the creation of a platform that will centralise all services needed to register a company in Cambodia. The initiative is an attempt to facilitate business registration in the Kingdom, with Cambodia currently ranking 138 among 190 countries in the World Bank’s ease of doing […]
Read MorePhnom Penh moved up six places, reaching the 76th spot, in The Worldwide Cost of Living Survey, a ranking compiled by the Economist Intelligence Unit (EIU). Other emerging economy cities like Kuala Lumpur, Bangkok, Manila, and Hanoi also climbed several places in the ranking, while Singapore, Hong Kong and Paris shared the tile of most […]
Read MoreCambodia’s tobacco industry saw a decrease in cultivation last year, despite the Kingdom being granted duty-free and quota-free exports of tobacco leaves to Vietnam, according to Ministry of Agriculture, Forestry and Fisheries data. Cambodia produced 7,454 tonnes of tobacco last season, an 18 per cent decrease from the previous season’s 9,089 tonnes, while cultivation fell […]
Read MoreCambodian mobile payment app Pi Pay has shown progress since its service was unveiled in mid-2017, with total transaction value amounting to $170 million and total transactions reaching 7.5 million, the firm’s CEO said on Monday. Pi Pay CEO Tomas Pokorny said in an e-mail on Monday that Pi Pay’s app has seen close to […]
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