The Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) has postponed the payment of customs broker licence fees for 2019-2020 as the Kingdom’s logistics sector reels from the sweeping effects of the ongoing Covid-19 epidemic. A letter signed by GDCE director-general Kun Nhem on August 13 and obtained by […]
Read MoreCambodia is working to identify potential and priority products to capitalise on preferential treatments under free trade agreements (FTAs) and boost exports. Ministry of Commerce secretary of state Seang Thay on Friday led a fourth meeting among relevant departments under the ministry to discuss promoting production and shoring up bilateral trade in the region. He […]
Read MoreBilateral trade between Cambodia and Thailand was worth $5.569 billion in the first nine months of this year, down 19 per cent compared to the same period last year, data from Thailand’s Ministry of Commerce show. Cambodian exports to Thailand were to the tune of $958 million, sliding 48 per cent, while imports were worth […]
Read MoreThe government maintained its projection that the Cambodian economy would contract around 1.9 per cent this year and rebound next year to 3.5 per cent growth, according to the minutes of the Council of Ministers Plenary Session released on Friday. This scenario would put the Kingdom’s 2021 gross domestic product (GDP) at 117.939 trillion riel, […]
Read MoreAsian Development Bank (ADB) President Masat- sugu Asakawa yesterday urged Southeast Asian countries to expand investments in digital infrastructure and ensure equitable access to technology as economies recover from the Coronavirus pandemic. “We must close the digital divide and expand existing investments in digital infrastructure by building more and higher quality mobile broadband infrastructure and […]
Read MoreCambodia is leapfrogging the development of smart cities throughout Southeast Asia by incorporating the encryption tool blockchain. In a smart city, traffic, public services, and document circulation can be fully automated, integrated by big data, 5G and the internet of things (IoT). Applying blockchain is not as common in smart cities as these other tech […]
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