Travel agents, airport operators and airlines all say they are ready to cope with an influx of foreign visitors safely and efficiently. All they need is a reopening date from the Cambodian government. Industry representatives welcomed last Friday’s comments by Prime Minister Hun Sen that Cambodia should consider a seven day quarantine for fully-vaccinated tourists. […]
Read MoreThe Asian Development Bank (ADB) has slashed its forecast for Cambodian gross domestic product growth (GDP) this year to 1.9 percent. That compares with its April forecast of 4 percent growth and last year’s economic contraction of 3.1 percent. The ADB left next year’s forecast of 5.5 percent growth unchanged. The bank says the prolonged […]
Read MoreFinancial experts say the introduction of a capital gains tax (CGT) next year will have major implications for foreign investors in Cambodia. The CGT was delayed because of the financial downturn triggered by the Coronavirus pandemic but is due to come into force on Jan 1, 2022. It is a 20 percent tax on capital […]
Read MoreA $54 million Cambodia Sustainable Landscape and Eco-tourism Project (CSLEP) will be the World Bank’s largest tourism investment in Cambodia. It will take five years to carry out and will involve seven provinces including the Cardamom Mountains, Southeast Asia’s largest intact rainforest, the Tonle Sap Lake’s flooded forests and Phnom Kulen in Siem Reap. This […]
Read MoreThe Asian Development Bank has more than halved its forecast for Cambodia’s economic growth this year. It cut the gross domestic product forecast to 1.9 percent from April’s prediction of 4 percent growth. The ADB left next year’s forecast unchanged at 5.5 percent GDP expansion. The economy contracted by 3.1 percent in 2020. The bank […]
Read MoreThe Cambodia Pepper and Spices Federation (CPSF) in collaboration with USAID-funded Feed the Future Cambodia Harvest II “Harvest II” launched on Monday the “Virtual Export Mission to the Middle East and North Africa”, a new digital export programme aiming to provide significant assistance and expertise to Cambodian businesses and establish exports to the Middle Eastern […]
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