The Ministry of Tourism has announced all licence renewal fees will be waived next year, to further assist the decimated sector. However, fees for new business licence applications will still apply and other fees such as penalties for invalidated business licences will also remain. The fee exemption will come into effect from Jan 1, 2021, […]
Read MoreCambodia’s coastal Preah Sihanouk province has attracted construction project investment valued at more than $7 billion over the last four years – most from Chinese nationals – the provincial administration said yesterday. From 2017 to May 2020, approximately 1,355 construction projects were approved, occupying 13,107,209 square meters and valued at $7,099,417,227. Preah Sihanouk Provincial Governor, […]
Read MoreCambodia will not show concern over the impact of the ratification of the European Union (EU)-Vietnam Free-Trade Agreement (EVFTA) which is expected to enter into force on Aug 1, according to senior government officials. The officials said that the Cambodian government has been issuing many sharp measures to boost the country’s competitiveness and to support […]
Read MoreThe World Bank had forecasted that Cambodia’s economy would shrink 1.0 percent this year before rebounding 6.0 percent next year which was released in Washington yesterday. The projected decline in economic activity in 2020 reverses estimated growth of 7.1 percent last year. But it is less severe than the contractions forecasted for several emerging market […]
Read MoreTwo years ago, seven Cambodian cities committed to a sustainable city strategic plan to address environmental issues, with waste management being one of the highest -priority issues among most of the cities, according to a Global Green Growth Institute (GGGI) 2019 annual report. Waste management, like many other Cambodian cities, has been a prevalent problem […]
Read MoreThe Kingdom’s foreign exchange reserves are expected to decline by more than 10 percent this year given the country’s poor key foreign exchange earning sectors, with tourism and exports being hit hard by the virus outbreak, according to the World Bank. The bank said strong foreign direct investments (FDIs) inflows and the injection of local […]
Read More
Thailand
