China’s foreign direct investment was on the rise in Cambodia last year despite Covid-19, showing positive confidence of investors in Cambodia as the country fully resumed its socio-economic activities, particularly the bilateral trade pact. The Council for the Development of Cambodia registered new private investment worth $4,357 million last year, a year-on-year decrease of 47 […]
Read MoreCambodia has refused to issue or use any cryptocurrency in the country. A document recently released by the Ministry of Finance and Economics said it is still illegal to create, distribute, or trade cryptocurrencies in the country. While the ministry does concede that the fintech industry is growing rapidly, it nonetheless reiterated that the long-standing […]
Read MoreThe export of goods from factories in the Phnom Penh Special Economic Zone reached $673 million in 2021. The sixth annual general shareholders’ meeting of Phnom Penh SEZ approved the company’s change of name from Phnom Penh SEZ to Royal Group Phnom Penh SEZ Plc. At a virtual meeting, Kith Meng, Non-Executive Chairman of Royal […]
Read MoreXinhua – The RCEP trade deal gives a big boost to Cambodia’s economy, with export to the member countries of the mega-pact up 11 percent in Q1. The top three export destinations are Vietnam, China and Thailand. Cambodia’s total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to 1.95 billion US dollars in […]
Read MoreThe Cambodian government has not greenlighted the issuing or use of any cryptocurrency in the country, a report has said. The report, which cites a document recently released by the Ministry of Finance and Economics, said it is still illegal to create, distribute, or trade cryptocurrencies in Cambodia. According to a China News Service report, […]
Read MoreThe government has decided to extend the stamp duty tax exemption till the end of this year in a bid to help ease the burden on the private sector and people in the Covid-19 context. The General Department of Taxation (GDT) stated in a statement dated April 22 that stamp duty tax exemption for property […]
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