Among the average costs of doing business in Asia, Cambodia ranks top. According to TMX’s – a business transformation consultancy – latest report, ‘The Great Supply Chain Migration – Breaking down the Cost of Doing Business in Asia’, Cambodia is reported to have the lowest operating costs among nine countries in Asia, ahead of Myanmar […]
Read MoreThe National Bank of Cambodia (NBC) said that a total of 370,785 accounts have under gone some form credit restructuring with financial institutions, involving up to $5.5 billion. Chea Chanto, Governor of the National Bank of Cambodia said that the number of loan applicants had increased, especially after the outbreak of the February 20 community […]
Read MoreThe World Bank says Cambodia’s economy will grow at more than twice the pace this year than its estimate of 2.2 percent growth in 2021. It says gross domestic product (GDP) will accelerate to 4.5 percent this year and reach 5.5 percent in 2023. That would still be lower than pre-Covid levels. Cambodia’s economy expanded […]
Read MoreThis is the fourth article on the Regional Comprehensive Economic Partnership Agreement (RCEP), part of a series of articles covering its economic, trade and investment impacts on Cambodia. This article covers the legal aspects of the Trade in Services. Chapter 8 of the RCEP Agreement covers many aspects of modern economic life for many service […]
Read MoreA World Bank released on January 12, 2022, said that Cambodia’s economic growth this year is expected to reach 4.5 percent this year and is projected to grow further to 5.5 percent in 2023. The economies of Cambodia, Malaysia, the Philippines and Thailand, which depend on tourism, are not expected to recover to previous levels, […]
Read MoreIn a major relief to a large section of people, the Ministry of Economy and Finance announced the exemption of value-added tax or VAT on basic food items for two years starting from 2022. The ministry in a statement issued on January 11 said that the VAT exemption is for two years starting from January […]
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