Thailand has agreed to extend the work permit of nearly 40,000 Cambodian migrant workers, bringing relief to their families. Media reports from Thailand said yesterday that the Labour Department officials of both countries came to an agreement to facilitate the renewal of the work permits of the migrant workers. The workers will be allowed to […]
Read MoreThe Royal Government of Cambodia (RGC) has issued a sub-decree to establish the General Department of Digital Economy that will exclusively function under the Ministry of Economy and Finance (MEF) to direct, regulate and develop the digital economy in the country after the Deputy Prime Minister Aun Pornmoniroth made a proposal to Prime Minister Hun […]
Read MoreThe riel has seen a steady increase in demand over the past two decades, growing at an average rate of 16.6 per year, even though the economy remains heavily dollarised, a senior official at National Bank of Cambodia said yesterday. Peace, political and economic stability have boosted confidence in the local currency, said Chea Serey, […]
Read MoreThe implementation of free trade agreements (FTAs) and regional mega trade pacts have resulted in a loss of custom taxes for Cambodia, but has also boosted investment flows, created jobs, and increased exports, said Kun Nhem, director-general of Customs and Excise, while speaking at a workshop yesterday. In a workshop yesterday, Nhem said FTAs and […]
Read MoreNational Bank of Cambodia (NBC) will soon sign agreements with the Bank of the Lao P.D.R (BOL), the State Bank of Vietnam (SBV) and other countries in the region to boost the usage of the local currency in the economy through technological advancement that makes it easier for the people, said a senior official. The […]
Read MoreCambodia’s total trade turnover with world partners topped $19.2 billion in the first five months of 2023, a decrease of 14% compared to the same period last year, according to data from the country’s Ministry of Economy and Finance. The kingdom’s goods exports totaled nearly $9.2 billion, down 2.4% year-on-year, while imports accounted for more […]
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