The construction of the new tourism port in Kampot province is more than 30 percent complete and is expected to be finished by the middle of the year, according to the Kampot provincial tourism department. The project is supported by the Asian Development Bank (ADB). ADB approved an $8 million loan for the port project […]
Read MoreThe Council for the Development of Cambodia (CDC) has approved two more investment projects which are expected to create almost 687 jobs for the locals. According to two recent CDC’s separate press releases, with a total investment capital of some $18.7 million, the newly approved projects are by two different companies – Boeung Ket Packaging […]
Read MoreCambodia’s cross border trade with Thailand fell to $1.5 million in the first quarter as the coronavirus hit the global economy and led to closure of dozens of checkpoints. The Thai Foreign Trade Department said the country’s overall cross-border trade, including transit trade, totalled 264.97 billion baht in the first three months, with Malaysia still […]
Read MoreDelishop.Asia, the leading online supermarket in Cambodia, has once again come up with an important innovation, this time a system that will enable it to deliver products to customers with negligible risk of Coronavirus transmission. The launch of a contactless delivery and service options for online payment was announced by the company in a news […]
Read MoreCambodia has signed avoidance of double taxation agreements (DTAs) with six countries in Asean and has more in the pipeline. The deals ultimate goal is to facilitate better investor access, an official at the General Department of Taxation (GDT) said yesterday. Seng Cheaseth, director, Department of Law, Tax Policy and International Tax Cooperation at GDT, […]
Read MoreThe government is reassessing the cost of assistance to laid-off garment workers affected by the COVID-19 pandemic as it braces itself to spend more on rising unemployment, says the Ministry of Economy and Finance. According to the Garment Manufacturers of Cambodia (GMAC), nearly 200 factories suspended their operations because of the COVID-19 pandemic, wiping out […]
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