The Kingdom’s balance of payments (BOP) saw a 1.7 percent surplus compared with its gross domestic product (GDP) in 2020 with growth supported by the in-flow of foreign direct investments and exports, according to a report from the National Bank of Cambodia (NBC). The NBC added the current account was estimated to suffer a deficit […]
Read MoreBilateral trade between Cambodia and Thailand for 2020 reached only half of the $15 billion target set by the two governments in 2015. Those targets had set a goal of tripling two-way trade. Two-way trade between the two nations was valued at $7.236 billion last year, a decrease of 23 percent, according to Thailand’s Ministry […]
Read MoreKong Vibol, the director-general of the General Department of Taxation (GDT), has called on companies across the Kingdom to comply with the nation’s laws and regulations and fulfill their tax obligations. The director-general introduced this year’s tax goals and the progress of tax administration reform via a live broadcast on the GDT Facebook page. He […]
Read MoreThe Council for the Development of Cambodia (CDC) has approved a $2.3 million cardboard factory project to be built in Khan Kambol of Phnom Penh. The CDC shared the update in a press release yesterday, adding that the project will create 214 jobs for the locals. The cardboard factory project is invested by City Printing […]
Read MoreAs Cambodia works towards its goal of de-dollarising the economy, its dual-currency system is bolstering the population’s purchasing power while other emerging economies struggle to keep pace with the rising greenback. A Bloomberg report from earlier this week said most developing nations’ currencies have experienced a slump over the past two weeks while the US […]
Read MoreRevenue at state-owned enterprise Cambodia Post (CP) fell around 46 percent in 2020, reaching only $6.5 million because of the impact of the COVID-19 pandemic, said its senior official. During a memorandum of understanding (MoU) signing ceremony between Cambodia Post, Logistic Business Association (LOBA) and Super Apps Technology yesterday, Cambodia Post Director-General Ork Bora said […]
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