Cambodia’s economic freedom score dropped seven ranks in the annual Economic Freedom Index released by the Heritage Foundation, a US-based, conservative-leaning think tank. The 0.8 point dip in the score from last year put Cambodia’s economy in the “Mostly Unfree” category, ranking 101 out of a total of 180 countries – down from the 94 […]
Read MorePlans for a railway line connecting Bavet city in Svay Rieng province to Vietnam’s Ho Chi Minh city were revealed this week by the Minister of Transport. During a meeting with Nguyen Nhat, Vietnam’s Deputy Minister of Transport, Cambodian Transport Minister Sun Chanthol said both governments are considering the creation of a rail link between […]
Read MoreA Cambodian company is teaming up with a Thai investment partner to spend $100 million improving the quality of Cambodia’s agarwood trees, according to a memorandum of understanding signed by the two companies yesterday. Thoub Chankrassna Khmer Co (TCK), which owns agarwood plantations and an incense factory in Preah Sihanouk province, has partnered with Thai-based […]
Read MoreThe Ministry of Posts and Telecommunications (MPTC) will craft a new startup-specific policy to boost the growth of the Cambodian startup scene and requested insight from the sector’s stakeholders at a workshop yesterday. The participants at the event, called the Startup Policy Hack, voted on the main challenges that startups currently face in the Kingdom […]
Read MoreThe Council for the Development of Cambodia (CDC) established a tax desk at their offices that will be staffed by employees from the General Department of Taxation, in hopes of easing the burden of registration for foreign companies. The CDC announced the move in a Facebook post yesterday, noting, “Investors can get tax registration services […]
Read MoreBilateral trade between Cambodia and Vietnam last year increased nearly 30 percent to about $3.8 billion according to Vietnamese state-run media, while Cambodia has yet to report trade statistics for most of 2017. Exports to Cambodia rose by about 26 percent while imports from Cambodia grew by more than 40 percent, according to the reports. […]
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