Cambodia has launched a “My 2nd Home” programme to encourage foreign investment in the country. The programme features a 10 year long “Golden Visa” with unlimited entry and exit and other benefits. But how does it compare with Thailand’s 10 year Long Term Resident visa? Applicants for the “My 2nd Home” Golden Visa must be […]
Read MoreSok Chenda Sophea, Minister attached to the Prime Minister and Secretary-General of the Council for the Development of Cambodia (CDC), yesterday encouraged private sector representatives in Asean, especially investors from Italy, to invest in the Kingdom. He urged them to learn more about the investment potential and opportunities in Cambodia and to take advantage of […]
Read MoreThe Council for the Development of Cambodia (CDC) is ready to provide services to Malaysian investors in Cambodia, attracting foreign investment to Cambodia. Sok Chenda Sophea, Secretary-General of the Council for Development of Cambodia, said this at the 6th ‘Asean-Italy High-Level Dialogue on Economic Relations’ in Kuala Lumpur, Malaysia, on July 5-6. The event was […]
Read MorePrime Minister Hun Sen has indicated that newly imported right-hand drive cars already shipped to the country need not change to left-hand drive, but urged their owners to pay the import tax by Wednesday (July 6). The move comes as several right-hand drive cars remain stuck at the border awaiting clearance as Cambodia follows the […]
Read MoreCambodian labour unions have quoted $204-214 as the minimum wage for the textile, garment, footwear, bags and travel goods sectors in 2023—up from this year’s $194—ahead of negotiations this month among worker associations. Bilateral and tripartite talks between government officials, factory owners and workers are scheduled to begin in August. The ministry of labour and […]
Read MoreCambodia’s economy is expected to steadily recover in 2022 mainly due to the continued expansion of garment and non-garment manufacturing, the ASEAN+3 Macroeconomic Research Office (AMRO) said in its quarterly update yesterday. It said high vaccination rates facilitated the resumption of businesses, especially in the services sector. “Strong performance in the agriculture and manufacturing sectors […]
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