As revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. According to the GDCE’s announcement, signed by director-general Kun Nhem on October 13, the government will not […]
Read MoreIt’s no secret that the tourism industry is a pillar of strength as both a key driver in the Kingdom’s GDP, as well as a major trickle-down contributor to the local economy. A less known fact though is that domestic tourism accounts for nearly twice the number of inbound tourists yearly. In 2019, a United […]
Read MoreWith more foreign banks entering the market in the Kingdom, questions have been raised as to whether the market will become saturated. Experts say, though, that Cambodia has sufficient space within its growing economy and that the addition of foreign banks can only be positive as it brings with it, investment, expertise and financial technology. […]
Read MoreCOVID-19 fears have left big businesses such as Aeon Mall reeling, but smaller businesses in numerous multiple markets across Phnom Penh are also feeling the pinch. Reports from stall owners indicate that customers are avoiding the markets and the hundreds of businesses they hold by finding other ways to get their necessities. Por Panha, owner […]
Read MoreThe Confederation of Indian Industry (CII), in partnership with the Ministry of Commerce and Industry, Government of India, held the sixth India-CLMV business conclave: Building Bridges for Constructive Development virtually with Cambodia, Lao PDR, Myanmar and Vietnam (CLMV). The two-day event earlier this month created a platform to strengthen India’s cooperation with the CLMV countries. […]
Read MoreFacebook yesterday held a virtual Asia-Pacific (APAC) media day to discuss how the company has expanded its platforms to aid small and medium businesses through the pandemic. According to the social media giant, which owns the four most-downloaded apps – Facebook, Facebook Messenger, WhatsApp and Instagram – the day aimed to share pathways to economic […]
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Thailand
