HLH Development Pte Ltd, a subsidiary of publicly listed Hong Lai Huat Group Limited, yesterday entered into a joint venture agreement with local conglomerate Royal Group of Companies to launch a mixed development project in Phnom Penh. The project, which will feature a park and a retail mall, is located in the heart of Tuol […]
Read MoreThe General Department of Taxation (GDT) has announced that it aims to increase revenue from tax collection by 19 percent with a new strategy for the next four years based on sustainability and fair competition in the private sector. The tax authority revealed its plans during a meeting with the private sector as part of […]
Read MoreDespite opposing claims by leading sector figures, local authorities in Preah Sihanouk say tourist numbers in the coastal province continue to experience a healthy growth. During the first nine months of the year, the number of visitors – both local and foreign – to Preah Sihanouk grew by 6.65 percent, totalling 1.61 million people, said […]
Read MoreCambodia’s garment industry saw 69 new factories open in the first nine months of this year. But 32 others closed during the period, said a Ministry of Industry and Handicraft report. Ministry spokesman Oum Sotha who voiced no concern over the possible removal of Cambodia from the EU’s Everything But Arms (EBA) preferential trade scheme, […]
Read MoreCambodia expects to roll out $19 billion worth of projects contained in the logistics masterplan in the next seven years with a vision of becoming a warehousing logistical hub serving the greater Mekong sub-region, as well as Thailand, Laos and Vietnam. Public Works and Transport Minister Sun Chanthol said trade volume between Thailand and Vietnam […]
Read MoreA representative of the National Bank of Cambodia yesterday clarified the Central Bank’s policy toward the Chinese yuan, saying that its use is only being promoted in cross-border dealings. The explanation was given yesterday by NBC director Chea Serey and follows reports in local media that the Central Bank was encouraging the use of the […]
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Thailand
