A draft development policy for Small and Medium Enterprise (SME) and a new SME definition has been sent to the Ministry of Economy and Finance’s Economic and Financial Policy Committee (EFPC) for review and approval, according to a senior official. “In major countries, SMEs are considered a crucial sector for the economy, with SMEs contributing […]
Read MoreThe deteriorating global economic situation, with no timeframe of improvement in sight, continues to severely and demonstrably impact the Kingdom. Tax incentives to date have generally been limited to the garment and hospitality industries, with most incentives under limited timeframes and some tied to specific taxes, said Anthony Galliano, Group CEO of a corporate finance […]
Read MoreCambodia Angkor Air (K6, Siem Reap) is set to see new investors in the form of private equity investors after 49 percent of it’s shares, owned by Vietnam Air, changed hands for $49 million. Vietnam Airlines held a total of 59% of Cambodia Angkor Air’s capital, with 49% controlled by the airline directly and 10% […]
Read MoreThe National Bank of Cambodia has requested financial institutions to reduce credit-related fees and lift fines until the end of December 2020, according to a NBC letter. The National Bank of Cambodia (NBC) has appreciated financial institutions for its good collaboration and good adherence to previous NBC measures. The statement signed by Rath Sovannorak, NBC’s Director General […]
Read MoreExtraction of the first gold mines in Cambodia has been confirmed to be made within this year, as more than 40 exploration licences on non-mantel mines including gold have been issued to private companies. The confirmation of gold mine extraction was made after the novel coronavirus (COVID-19) pandemic has shutdown businesses and made other investment […]
Read MoreAs much of the world grapples with the Covid-19 pandemic with global trade and economies paralysed, 77 new factories have launched operations in the Kingdom, while only six have shut down. And in the first quarter of this year, the total number of factories registering with the Ministry of Industry, Science, Technology and Innovation has […]
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Thailand
