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Cambodia: Banks deny lack of action on money laundering

The Association of Banks in Cambodia (ABC) and its respective members say Cambodia is moving forward in eradicating corruption and money laundering. ABC also acknowledges “black money” can still be detected. ABC said it would like to ensure the public that the National Bank of Cambodia (NBC) and the Cambodian Financial Intelligence Unit has taken […]

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Cambodia’s construction sector still buoyant

While many sectors globally are facing a serious downturn in their fortunes due to the knock-on effects of COVID-19, Cambodia’s construction industry remains stable, according to the Ministry of Land Management, Urban Planning and Construction. In fact, in a positive piece of news amongst the current gloomy outlook, Seng Lot, spokesperson for the ministry claims […]

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Cambodia: Call to restrict overseas imports

Small and medium enterprises (SMEs) have called for increased restrictions over allowing imported products from abroad access to their domestic markets. Te Taingpor, president of the Federation of Association for Small and Medium Enterprises of Cambodia, said imports without efficient control in terms of paying taxes affects local products produced at a high cost. At […]

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