Despite no new cases of COVID-19 reported in Cambodia since January, the government is planning new measures to tackle the financial effect the virus continues to have on the country. Speaking at the Council of Ministers this week, Meas Soksensan, general secretariat of the Ministry of Economy and Finance, said that while they can’t fully […]
Read MoreCambodia’s trade deficit with its global trading partners has continued to widen in 2019, with $7.66 billion more imports than exports, according to a government report, increasing from $4.83 billion in 2018 and representing a 31.6 percent rise in one year. The report released in conjunction with the National Bank of Cambodia and General Department […]
Read MoreThe General Department of Taxation (GDT) has cautioned that the COVID-19 outbreak will drive down the revenues they are able to collect in the coming months. It potentially scuppers their target of collecting $2,886 million in tax revenues this year, a 20 percent increase on 2019. Speaking at the Obligation of Tax on Income, E-Filing […]
Read MoreProperty and land prices are set to rise in Lvea Aem district’s Kandal province following the government’s announcement of their future plan to partially integrate the area into a new district within Phnom Penh. Prime Minister Hun Sen said that the upgrading of Lvea Aeam is due to the fast development and urbanisation of Phnom […]
Read MoreThe government plans to improve border checkpoint infrastructure and promote Single Window Services with Vietnam and Thailand in a bid to boost trade among the Asean nations. The Ministry of Economy and Finance’s Economic and Financial Policy Committee, chaired by Economic Minister Aun Pornmoniroth, made the announcement during the meeting over Single Window Services between […]
Read MoreThe General Department of Customs and Excise (GDCE) on Friday issued a set of measures to help the ailing shipping and garment sectors as the supply of raw materials from China dries up. The measures follow Prime Minister Hun Sen’s announcement that the government has drafted a plan to support businesses in the garment and […]
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