The deficit in trade of commodities between Cambodia and the rest of the world has narrowed by 23.55 percent to about $3.64 billion in the first five months of this year from $4.8 billion in the same period of 2021, according to figures released by the General Department of Customs and Excise (GDCE). The trade […]
Read MoreCambodia has promoted economic diplomacy to attract investors, businessmen, and tourists as the country’s socio-economic activities have been resumed. The Ministry of Foreign Affairs and International Cooperation organised a national consultation workshop on ‘economic diplomacy in the new normal’ with support from China’s Lancang-Mekong Cooperation (LMC) Special Fund yesterday. The workshop, held in a hybrid […]
Read MoreCambodia’s rising e-commerce sector requires clear definition of laws and regulations by regulators addressing concerns of market uncertainties while maintaining regional uniformity, according to stakeholders who discussed e-commerce tax and licensing requirements at a panel discussion hosted by DFDL, a legal, tax and investment enterprise in the country. The law on e-commerce and consumer protection […]
Read MoreThe General Department of Taxation or GDT has said it will strengthen tax collection procedures in the mining sector in response to the sector’s growth through investment projects in Cambodia. Director-General Kong Vibol’s comments came while he led a delegation to inspect the progress of the mine extraction operation of Renaissance Mineral (Cambodia) in Mondulkiri […]
Read MorePrices of common food are being monitored closely to prevent price rise and avoid pressure on the consumer in the country, the Ministry of Commerce has said. The move comes in the wake of inflation rising globally due to the impact of oil prices. Pen Sovicheat, the ministry’s spokesman said, that prices of more than […]
Read MoreNearly 1,200 establishments in the tourism industry were closed and almost 22,000 direct jobs have been lost as of May this year due to the Covid-19 in Cambodia, according to a statement from the Ministry of Tourism. Among the 1,196 tourism businesses, 498 have been closed and 698 have been suspended, resulting in the loss […]
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