Cambodia earned $900 million from the export of bicycles in 2022, which is an increase of 43 percent over the $631 million reported for 2021, according to a report by the Ministry of Commerce. Target markets for Cambodia’s bicycle export include the United States, Germany, the United Kingdom, Japan, China, ASEAN, Belgium, the Netherlands, Austria, […]
Read MoreThe likely slowdown in the United States and European countries, which are major export markets for Cambodian garments, might adversely affect the prospects of the sector this year, according to a financial expert. “In its latest Global Economic Prospects report released in January 2023, the World Bank has cut its growth forecast for the US […]
Read MoreThe General Department of Customs and Excise at the Ministry of Economy and Finance will not increase the value-added tax (VAT) on goods imported, despite acknowledging the loss in customs income due to the implementation of trade pacts. Facing a loss in customs income due to the implementation of FTAs, the GDCE is considering lowering […]
Read MoreA market research study of more than 500 Cambodians found that 71.35 percent of Cambodians are very concerned about inflation. According to Standard Insights study, inflation has been on the rise since 2017 in Cambodia, due to soaring fuel prices and the depreciation of the riel. In November 2022, Standard Insights surveyed more than 500 […]
Read MorePrime Minister Hun Sen announced on Saturday last week that the Royal Government of Cambodia will take the burden of patent payment instead of small online media outlets and reduce 50 percent of license fees for the establishment of new media outlets which would lower the revenue of the Ministry of Information. Mr Hun Sen […]
Read MoreSluggish global demand led to a 21 percent decline in apparel exports from Cambodia in December 2022, which in turn lowered the sector’s overall performance for the year. With December not playing a dampener, the annual exports data would have been better than the 12.69 percent increase over the previous year. The export of apparel […]
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