phnom-penh-port-750x440
Read More

Cambodia 2022 first half customs income at $1.2 billion

The General Department of Customs and Excise earned $1,293 million in customs income in the first half of this year, representing 50.1 percent of the financial plan for 2022. Its director-general Khun Nhim mentioned the figures at a press conference on the result of tax collection from illegal imported and right-hand drive vehicles on Thursday. […]

Read More
cam03
Read More

Cambodia: More trust companies take part in property market

Registered trust companies are being increasingly seen as the “new instrument” in the real estate market in Cambodia while the trust sector is still young and needs further promotion in terms of its potential and specific roles in the interaction between developers and foreign investors, officials said. Four firms and 34 individuals have been registered […]

Read More
cam02
Read More

Cambodia: NBC plans KHQR cross-border payment system

The National Bank of Cambodia in collaboration with the Association of Banks in Cambodia and other stakeholders has launched a prakas (official proclamation) on the implementation of the QR code Technical Quantitative Model to provide the basis for organising KHQ Coordinates for domestic payments in a secure and orderly manner and to contribute to the cross-institutional operation […]

Read More
cam01
Read More

Cambodia: Price spikes since March push 71m into poverty: UN

AFP – Soaring global food and energy prices have forced 71 million people into poverty in the world’s poorest countries, according to a United Nations Development Program report published Thursday. The rise in the developing world’s poverty rates over the past three months “is drastically faster than the shock of the COVID-19 pandemic,” said the UNDP […]

Read More
15
Read More

Cambodia: CCFTA to boost agricultural commodity exports

With zero tariff, exports of agricultural commodities like cashew nut, banana, mango, longan and cassava starch to the Chinese market are expected to soar, says WB report The Cambodia-China Free Trade Agreement (CCFTA) is expected to boost agricultural commodity exports, according to a World Bank report. The objective of CCFTA and RCEP is to increase […]

Read More