Cambodia’s travel goods export to the US has increased by 59.5 percent in the first half of this year though the General Specialized Preference (GSP), which offers trade preference to the Kingdom’s travel goods, has not yet been renewed by the country. Figures from the Cambodia Travel Goods and Leather Association showed that the export […]
Read MoreThe baht opened at 35.35 to the US dollar on Thursday, strengthening from Wednesday’s close of 35.56. The currency is expected to move between 35.20 and 35.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht was likely to fluctuate and strengthen as the market was in a risk-on state […]
Read MoreMANILA, Philippines — A stable and predictable taxation on the tobacco industry is expected to provide consistent revenue collections for the government and stamp out the illicit trade of cigarettes, an international think tank said. In its latest economic impact report on the Philippines, Oxford Business Group (OBG) said further tobacco rate hikes may lower […]
Read MoreSINGAPORE on Thursday (Aug 11) significantly upgraded its full-year trade forecasts for the second time this year as second-quarter performance, driven by oil and electronics trade, turned out to be better than expected. Total merchandise trade is now projected to grow 15-16 per cent in 2022, instead of 8-10 per cent, according to Enterprise Singapore. […]
Read MoreInvestors from Thailand are mulling options to set up joint investments in Cambodia in some sectors, including processed food, agriculture, tourism, renewable energy, plastic, services, gems and jewellery. Around 60 businesspeople from Thailand visited Cambodia last week and the delegation held a discussion with the Minister of Industry Cham Prasidh. The business delegation termed its […]
Read MoreMinister of Culture, Sports and Tourism Nguyen Van Hung has proposed the National Assembly and the Government extend the tax and fee reductions for travel firms until the end of 2023 to help them recover post pandemic. Minister Hung proposed continuing the value-added tax, land rent and corporate income tax cuts for firms in the […]
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