Cambodia’s garment sector is the backbone of the country’s export-driven economy and employs 86 percent of all factory workers. But the sector faces threats from increasingly competitive regional neighbours, the inevitable shift to automation and the potential loss of preferential trade agreements. The stakes couldn’t be higher for the country’s economy. About 40 percent of […]
Read MoreCambodia has signed a double taxation agreement with Vietnam that protects each country’s nationals from dual taxation, according to a news release from the General Department of Taxation released on Tuesday. The agreement was signed on Saturday on the sidelines of the Greater Mekong Subregion Summit held in Hanoi. Chou Vichith, secretary of state at […]
Read MorePPCBank and Wing Limited Specialised Bank have teamed up to provide new choices for money transfers, within Cambodia and from South Korea to Cambodia. PPCBank says the partnership increases customers’ options for transferring money to their families in rural areas because money can be transferred from their PPCBank account to any Wing account or location. […]
Read MoreThe Council for the Development of Cambodia (CDC) has preliminarily issued final registration certificates for 35 projects with a combined investment capital of $444 million from January to the end of last month. Once operational, the projects are expected to provide more than 30,335 jobs. Nine of the projects are related to the garment, textile […]
Read MoreThe rail link from Phnom Penh International Airport to the city will be ready for service before the start of Khmer New Year in the middle of this month, officials say, as the first tests of the service were conducted on Sunday. The Royal Railways service connects the airport with the existing rail line. The […]
Read MoreSix countries pledged to enact $66 billion worth of projects over the next five years at the Greater Mekong Subregion (GMS) Summit in Hanoi on Saturday, with Cambodia-specific projects scheduled to receive the least amount of funding of any participant. Representatives from the six GMS countries – Cambodia, Laos, Thailand, Vietnam, China and Myanmar – […]
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