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Cambodia: Booking Holdings invests $200 million in Grab

Booking Holdings, a global leader in online accommodations and travel e-commerce, yesterday entered into a strategic partnership with Grab Holdings Inc. Booking Holdings’ brands will now be able to offer on-demand transport services through their apps, powered by Grab. The partnership also allows Grab users to book travel-related services through the app for the first […]

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Cambodia: Petrol to sell at $1 a litre

The government yesterday advised gas station owners to set petrol and diesel pump prices at 4,000 riel ($1) per litre until November 15, which means gasoline retailers would absorb 160 riel (four cents) of the cost of crude. According to a statement by the Ministry of Commerce yesterday, Prime Minister Hun Sen told petrol stations […]

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Cambodia: Tax authority reveals new target

The General Department of Taxation (GDT) has announced that it aims to increase revenue from tax collection by 19 percent with a new strategy for the next four years based on sustainability and fair competition in the private sector. The tax authority revealed its plans during a meeting with the private sector as part of […]

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Cambodia: Kingdom sees 69 factories open

Cambodia’s garment industry saw 69 new factories open in the first nine months of this year. But 32 others closed during the period, said a Ministry of Industry and Handicraft report. Ministry spokesman Oum Sotha who voiced no concern over the possible removal of Cambodia from the EU’s Everything But Arms (EBA) preferential trade scheme, […]

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