The authorities have successfully thwarted at least two attempts to smuggle billions of dollars into Cambodia. These were in addition to the millions seized from suitcases and bags smuggles through the airport and land borders, said Prime Minister Hun Sen. Speaking at the cabinet meeting Friday, the prime minister said that the Governor of the […]
Read MoreThe Ministry of Economy and Finance issued an announcement on the implementation of guidelines on withholding tax for investors in the securities sector to promote the development of stocks in the Kingdom. The ministry issued the directive early this month, noting that local investors get a 6 percent tax break and non-locals get 14 percent […]
Read MoreCambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement. The government is looking for support from Russia to push the Cambodia-EAEU FTA in order to expand trade volume and economic cooperation between Cambodia and the bloc. The call was […]
Read MorePHNOM PENH: Negotiations on oil and gas development in the long-contested overlapping claims in the Gulf of Thailand between Cambodia and Thailand will resume soon after the viral pandemic ends, according to a Cambodian Ministry of Mines and Energy official. Cheap Sour, the director-general of the General Department of Petroleum, said the countries had not […]
Read MoreCambodian’s will soon be able to make near-instant payments via a new blockchain payment platform being launched under a system called Distributed Ledger Technology (DLT) that will “ultimately undermine the popularity of the US dollar”, according to the Kingdom’s central bank director. Speaking at the virtual “Consensus Distributed” event held this week Chea Serey, director […]
Read MoreGoods transportation at a Battambang checkpoint shared border with Thailand’s Sakeo province has now resumed operations. In the light of COVID-19 the border closed, but it has resumed in the last two weeks with time restriction, according to Battambang provincial governor Nguon Ratanak. Although the border has just reopened, Ratanak said restriction will remain in […]
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