The Better Factories Cambodia (BFC) framework has expanded to include more manufacturing sectors. “BFC currently covers all exporting garment factories. Now the government has decided to expand the coverage to include travel goods and bag factories,” Ken Loo, secretary-general for the Garment Manufacturers Association of Cambodia (GMAC), said, calling the development “a clear indication of […]
Read MoreVisa, the world’s leader in digital payments, announced the launch of contactless payments at Total stations and Bayon Market locations across Cambodia, said the company’s press release, stressing that the partnerships come as the adoption of contactless payments accelerates in the country amid the new hygiene best practices brought by Covid-19. According toVisa, Cambodia’s rapidly […]
Read MoreAll taxpayers in the self-assessment tax bracket have been instructed to submit their annual income tax via electronic filing (ToI E-Filing) from next month on, according to an announcement by the General Department of Taxation (GDT). The instruction for ToI E-Filing letter number 3140, was signed by Kong Vibol, minister attached to prime minister, who […]
Read MoreThe Asian Vision Institute (AVI) took part in a virtual panel discussion entitled the “Cambodian Economic Outlook 2021” to discuss the successes and challenges faced by the pandemic as well as the outlook for 2021. The panellists included Nick Beresford, UN Development Programme country representative for Cambodia, Ngo Ravindra international speaker for the World Economic […]
Read MoreFrom early next month, the special tariffs on imported family vehicles will be reduced by 10 to 25 percent according to engine size, according to an announcement from the General Department of Custom and Excise. The rate for imported electric family and passenger cars will be reduced from 30 percent to 10 percent and the […]
Read MoreBusinesses are forging symbiotic platforms to gain a piece of the Kingdom’s growing e-commerce sector, while challenging Facebook’s dominance in the industry. The Kingdom’s e-commerce sector generated $182 million last year and is projected to grow by 21.4 percent to reach $222 million this year, according to Statista, a German company that specialises in market […]
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