Not all garment factories oppose an increase to the minimum wage as parties prepare to enter the first round of negotiations on Sept 14. Unions are arguing that wages be increased to $214.20 per month while employers remain steadfast that salaries be reduced because of the pandemic. “My company is more than happy to raise […]
Read MoreCambodian firms will closely monitor how neighbouring countries fare as the global community moves “aggressively” to implement the domestic tax base erosion and profit-shifting (BEPS) policy. A total of 130 countries have signed up for the tax policy which will impose a 15 percent tax on multinational firms that provide goods or services in countries […]
Read MoreCambodia only has seven corporate bonds listed on the Cambodia Securities Exchange, with another awaiting regulatory approval, but it has long had its eyes on issuing sovereign debt. The Ministry of Economy and Finance said last month that legal preparations for a state bond will be complete by early 2022. The plan is to list […]
Read MoreCambodian bicycle manufacturers earned more than $400 million from exports in the year to Aug 31, according to the Commerce Ministry. Shipments were 24.5 percent higher than the first eight months of 2020. If overseas demand remains strong, 12-month exports are likely to exceed last year’s $527 million, which was a rise of 29 percent […]
Read MoreThe Logistics Business Association and Cambodia Digital Tech Association have partnered to boost digital use in the logistics and transportation sector, placing high hopes that it will lead to rapid development. The two associations signed a memorandum of understanding on the deal this week. They agreed to encourage members to adopt a digital system to […]
Read MoreCambodia should look beyond China’s Belt and Road Initiative (BRI) for growth despite the commerce minister noting the country was receiving big benefits from it, economists say. Speaking at the Policy Dialogue of the 6th Belt and Road Summit 2021, Pan Sorasak said the BRI contributes to infrastructure development which helps facilitate trade and competitiveness. […]
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Thailand
