The trade ties between Indonesia, which became the latest member to join the Regional Comprehensive Economic Partnership (RCEP), and Cambodia are expected to go up, but the textile sector in both countries is unlikely to benefit from the agreement, according to some experts. The RCEP Agreement entered into force for Indonesia on 2 January. Indonesia […]
Read MoreThe Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. According to a report by the Ministry of Economy and Finance (MEF), the revenue collected comes to over 92 percent of the 2022 annual plan. June was the most rewarding month […]
Read MoreCambodia exported $1.81 billion worth of products to Japan in the first 11 months of last year, a year-on-year increase of 11.4 percent, according to the data from the Japan External Trade Organization (JETRO) yesterday. From January to November, Cambodia’s import from the East Asia nation was valued at $473 million, a decrease of 10 […]
Read MoreThe Royal Government of Cambodia through the Ministry of Economy and Finance (MEF) on Saturday last week released a proclamation after it had been issued on January 3, 2023, to approve the suspension of 1 percent prepayment of income tax for enterprises within the apparel and textile industry of Cambodia. However, the suspension would be […]
Read MoreWith the launch of a new electricity transmission line by the Lao People’s Democratic Republic up to Cambodia, the energy trade, cooperation, and relations between the two Southeast Asian neighbours are set to get a power boost. The new 500-kilovolt (KV) transmission line links a power substation at a village in the southern Champasak province […]
Read MoreCambodia exported $11,391 million worth of products to the United States in January-November of 2022, a 42 percent increase compared to the same period last year, the US Census Bureau reported yesterday. The Kingdom imported $428 million worth of products from the world’s biggest economic power, a 13.5 percent increase year-on-year. Cambodia’s trade surplus with […]
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