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Cambodia: Land sales down in FY21

The Industrial Estate Authority of Thailand (IEAT) has seen land sales and leases decrease by 66.1% in the first six months of fiscal 2021, attributed to the impact of Covid-19, though investment value is still on the rise. From October 2020 to March 2021, investment value increased to 106 billion baht, a 288% increase year-on-year. […]

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Cambodia: Taxpayers still able pay online during lockdown

The General Department of Taxation (GDT) has advised taxpayers and tax service agencies located in lockdown-restricted areas to electronically file income tax returns and avoid the risk of spreading the novel coronavirus. Medium- and large-category taxpayers can submit monthly tax returns via the online tax filing management system (E-Filing) and make tax payments through E-Payment, […]

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Cambodia: Profiteering, hoarding and artificial shortages of essential food supplies during Lockdown

The leak of Prime Minister’s voice message on Tuesday 5pm, caused mass panic as hordes of people stormed (peacefully) supermarkets, grocery stores, mini marts and wet markets, rushing to buy food and other essentials and surprisingly, non-essential stuff too. This gives rise to speculations that the leak could have been perpetrated by people with sinister […]

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Cambodia’s construction sector fell in 2020

The value of approved construction projects dropped by 32 percent in 2020 to $7.75 billion and imports of building materials, steel and cement also saw a decline. Construction projects last year were approved on a total surface of 17 million square meters, a year-on-year decrease of 27 percent, according to the Ministry of Economy and […]

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Cambodia: Banks warned against complacency

Cambodian banks have reaped great success via strong economic growth and high gross interest assets, but that has also resulted in complacency, which makes it imperative for commercial banks to adjust in the face of increased competition from incoming fintech companies. This according to Michael Lor Chee Leng, Senior Advisor to the EMFA, a not-for-proft […]

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