The General Department of Taxation (GDT) has set the annual market interest rates for loans made in enterprises in 2022 from directors to employees or related parties or from related parties to enterprise directors based on the calculated average rates of the average interest rates annual charged by 11 local banks, according to a statement […]
Read MoreThe consolidated net profits after tax of the Royal Group Phnom Penh Special Economic Zone (PPSP) of the conglomerate Royal Group of Companies have decreased 95.21 percent to about $0.18 million in the last quarter of 2022 compared to over $3.82 million in the same period of 2021, according to PPSP’s latest report released on […]
Read MoreThe Cambodian Investment Board under the Council for the Development of Cambodia (CDC) recently approved investment proposals for 11 more companies, creating 11,000 jobs. The companies will have a total investment of $57.3 million. Nine of these are in the garment, footwear and travel goods (GFT) sector. CDC last year approved investment projects worth over […]
Read MorePrime Minister of Laos Mr. Sonexay Siphandone was in talks with his Cambodian counterpart, Mr. Hun Sen during his recent official visit about the possibility of building a high-speed railway connecting both countries and also other nations in the region. According to Cambodianess, not only did the two prime ministers sign agreements and action plans to […]
Read MoreCambodia has applied for membership in the Cross-Border Interbank Payment System (CIPS) initiated by China, which is believed that the system will facilitate and promote Cambodia-China’s trade, investment, and tourism. Becoming a CIPS member will add an option and facilitate payment as Cambodia is one of the tourism sites for Chinese tourists, said Chea Serey, […]
Read MoreEuropean countries have emerged as the main buyers of Cambodian milled rice in January 2023, and the Kingdom is expecting an increase in shipment of the commodity this year. Deciphering the January export data, Chan Sokheang, President of the Cambodia Rice Federation (CRF), told Khmer Times, “We are expecting an increase of approximately 35-40 percent in […]
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