Food establishments across Cambodia, especially in the main centres of Phnom Penh and Siem Reap province, have started to limit the services they are offering to customers because of the escalating COVID-19 outbreak in the Kingdom. The worsening health pandemic has already prompted the Cambodian government to institute preventive measures such as ordering the temporary […]
Read MoreThe National Bank of Cambodia (NBC) today has decided to reduce the interest rate of reserve requirement to seven percent for both local and foreign currencies. A directive released today, signed by NBC Governor Chea Chanto on the Reserve Requirement of the Deposit and Loan for Banking and Finances, says that it is to allow […]
Read MoreExports of the Kingdom’s luggage were worth $1.2 billion last year, up from just $50 million in 2016, according to a statement from the Garment Manufacturers Association in Cambodia (GMAC). Its Deputy Secretary-General Kaing Monika, told Khmer Times that for travel goods, US is the biggest market accounting for about 80 percent of the total […]
Read MoreThe Council for the Development of Cambodia has approved three investment projects with a total capital of US$7 million. According to the CDC, the three new projects will create almost 2,000 jobs for local people. The first investment project of US$2.3 million belongs to Jin Ming Li Jian One Co., Ltd. which will establish a […]
Read MoreThe Association of Banks in Cambodia (ABC) and its respective members say Cambodia is moving forward in eradicating corruption and money laundering. ABC also acknowledges “black money” can still be detected. ABC said it would like to ensure the public that the National Bank of Cambodia (NBC) and the Cambodian Financial Intelligence Unit has taken […]
Read MoreOnline businesses – even individuals – using the Facebook platform in Cambodia to sell products and services face being taxed like officially registered enterprises. Kong Vibol, director general of the General Department of Taxation at the Ministry of Economy and Finance, insisted ay transaction involving a profit is subject to register with the tax administration. […]
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