The retail price of diesel increased by about 3.28 per cent on June 21, while regular-grade petrol was held constant, according to a notice issued by the Ministry of Commerce. For the June 21-30 period, the retail selling prices of fuel in the Kingdom have been set at 5,800 riel or $1.43 per litre of […]
Read MoreCambodia’s public debt is still relatively low as a percentage of gross domestic product (GDP), at nearly 25 per cent, compared to the 40-per-cent threshold, affording the government ample fiscal space to borrow to develop the country, experts have said. “As of [March 31], including the old debt, the [government] has a total public debt […]
Read MoreBeijing’s Belt and Road Initiative (BRI) has boosted Cambodia’s inbound trade, tourism and investment from China in the nearly nine years since its unveiling, according to the Chinese embassy in Phnom Penh. The embassy said in a June 14 statement that the BRI has fostered transformation and development in three key areas, namely bilateral trade, […]
Read MoreThe Royal Government of Cambodia’s total public debt stock is at $9.81 billion consisting of 68 percent from Bilateral Developing Partners (DPs) and 32 percent from Multilateral DPs, according to Cambodia’s Public Debt Situation at the end of Q1 2022. In Q1 2022, the RGC has signed a new concessional loan with DPs in the […]
Read MoreCambodia collected $1,726 million in tax income in the January-May period this year, a 27.95% increase as compared to the same period last year, according to an official statement yesterday. In the statement, General Department of Taxation director-general Kong Vibol attributed the increase in tax income collection to the constant reforms in the tax sector. […]
Read MoreCambodia and Thailand have stepped up trans-border investment to underpin economic activity between them, as both countries roll back entry restrictions following improvements in Covid-19 metrics, and while benefiting from provisions of a bilateral double tax avoidance agreement (DTA). The foreign and finance ministries, in collaboration with the former’s Thai counterpart, organised a seminar on […]
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