Petrol prices in Cambodia have soared since the beginning of this year with experts suggesting that it is linked to the rise of international crude oil prices, high demand in the Chinese gasoline market and seasonal demand in European markets. The retail selling price of petrol in the Kingdom from January 16-31 has been set […]
Read MoreThe Council for the Development of Cambodia (CDC) on January 17, 2022 announced the approval of 10 investment projects with a total capital of nearly $1.9 billion dollars. According to the CDC, the Investment Committee has decided to issue the investment project registration certificate to the following companies: 1- INDEPENDENCE CLOTHING (CAMBODIA) CO., LTD: The […]
Read MoreThe Kingdom exported 2,793,729.92 tonnes of cassava in 2021, up by nearly 22.1 per cent from a year earlier, as industry players note that domestic wholesale prices of the tubers remain elevated compared with average 2020 rates. Analysed by category, the Kingdom shipped out 1,644,591.68 tonnes of dried cassava (up 8.45 per cent year-on-year), 1,104,220 […]
Read MoreExport of textiles, garments, footwear and travel products have registered, in fact, bounced back to the annual growth of an average of approximately 10 percent over the past 10 years thus becoming the key sector for the Cambodian economy. After just one year of a minor decline in growth due to Covid-19 in 2020, the […]
Read MoreCambodia’s banking industry had seen robust growth in loans and deposits in 2021 despite the impact of the COVID-19 pandemic, according to a report of the National Bank of Cambodia (NBC) on Saturday. Outstanding loans rose by 21.2 percent year-on-year to $45.7 billion last year, while customers’ deposits surged by 15.4 percent to $38.5 billion, […]
Read MoreThe draft law on taxation is designed to compile a number of confusing tax laws and regulations and respond to the international practice of integrating Cambodia’s economy in the region and the world in accordance with the development of the national and international economic society The General Department of Taxation (GDT) is drafting the law […]
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