Companies listed in the local bourse are entitled to a 50 percent deduction in income tax, according to a sub-decree issued earlier this month. Sub-decree No. 01 on Tax Incentives for the Securities Sector, which was signed by Prime Minister Hun Sen on Jan 4, also establishes exemptions of the withholding and value-added taxes, among […]
Read MoreAbout 20 Thai firms specialising in home appliances, auto parts, electric components, and electronics took part in a business matching event in Phnom Penh yesterday. Representatives of the companies travelled to the Kingdom to find local partners at the ‘2019 Bangkok Refrigeration, Heating, Ventilation and Air-Conditioning’ and the ‘Bangkok Electric and Electronics Show’, which were […]
Read MoreThe government has granted a huge tax incentive to companies listed on the Cambodia Securities Exchange (CSX) – a 50 per cent reduction on income tax and eliminating all tax debt if the firms are listed on the CSX within three years from now. Industry insiders welcome the government’s new initiative, saying the move will […]
Read MoreThe condo supply in Phnom Penh increased by nearly 19 percent in the last quarter of 2018, with 2,234 new units joining the market, according to CBRE’s latest report. Eight new projects were completed in Q4, CBRE said. The mid-range segment – with the completion of projects like East View, Sky 31, and The View […]
Read MoreThe central banks of Cambodia and Laos yesterday agreed to strengthen cooperation to boost their banking sectors and train their workforce. Speaking to reporters yesterday after the annual meeting between representatives of the National Bank of Cambodia (NBC) and the Bank of Lao PDR, NBC’ governor Chea Chanto said the two banking institutions agreed to […]
Read MoreThe SME Bank, a government initiative to enhance access to funding for local small and medium-sized enterprises, will come online late this year, a high ranking public official said. Vongsey Visoth, Secretary of State at the Ministry of Economy and Finance, said the budget for the new institution has been completed. He said the goal […]
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