China’s recent optimization of its COVID-19 response and gradual restoration of Chinese citizens’ overseas travel have enthused those working in the tourism sectors of Asia-Pacific countries. Cambodian Prime Minister Hun Sen said he was very pleased to welcome back Chinese tourists, saying that their presence is vital to the country’s tourism and economic growth. “When […]
Read MoreThe Ministry of Economy and Finance (MEF) has started implementing the revenue-based taxation rules and procedures on commercial gambling businesses on the self-declaration regime since December 30, 2022, after the lump sum-based taxation method had been practised for several decades, said a senior official of the ministry. Commercial gambling businesses are also required to follow […]
Read MoreThe American multinational retail corporation Walmart has sought to work with the Ministry of Commerce (MoC) in studying the potential in Cambodia to expand its business operations in the market and to release more orders of international-standard goods from local suppliers in the Kingdom, according to a release by MOC. Anbinh Phan, a representative of […]
Read MoreMomentum is growing for the resumption of long-delayed talks between Thailand and Cambodia on joint petroleum exploration in the Gulf of Thailand, after the two countries showed interest in pushing ahead with the project. Kurujit Nakornthap, executive director of the Petroleum Institute of Thailand, is urging the government to work with Cambodia to relieve the impact of […]
Read MoreWith more and more US fashion companies looking to go for expanding and diversify their garment sourcing base after the supply chain disruption caused by the Covid-19 pandemic, Cambodia is likely to emerge as one of the beneficiaries. Around 40 percent of the US fashion companies have stated that they planned to “source from more […]
Read MoreOrders for garments and footwear have not picked up in Cambodia last year, and it will continue to decline, according to a senior official of the Textile, Apparel, Footwear & Travel Goods Association in Cambodia (TAFTAC). Ken Loo, TAFTAC Secretary General, told Khmer Times, “So far, orders for Cambodian footwear products from international markets, especially the […]
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