The Asian Development Bank (ADB) regards the continued buildup of credit in Cambodia real estate and related businesses as a risk that could disrupt the country’s economic growth. According to an ADB report from last Wednesday, the Cambodian economy remains on track and is expected to expand seven percent this year due to continued strength […]
Read MoreDuring the first nine months of the year, Cambodia earned $2.3 billion from customs and excise collection, surpassing the government’s target for the whole year by 5 percent, Prime Minister Hun Sen revealed yesterday. Speaking during a graduation ceremony at Koh Pich Conference Hall, the premier said the government’s goal for customs and excise revenue […]
Read MoreCambodia is making itself more attractive to foreign investors by having one of the lowest corporate tax rates in Southeast Asia. Trading Economics, an online economic statistics platform, lists the Kingdom as having the third lowest corporate tax rate in the region after Brunei and Singapore. Cambodia’s current corporate tax rate stands at 20 percent, […]
Read MoreThe National Bank of Cambodia (NBC) continues to call on financial institutions in the Kingdom to put policies in place to promote green finance and friendly investments, it said on Thursday. This comes after the Swiss-based Bank for International Settlements (BIS) on the same day launched an open-ended fund for central bank investments in green […]
Read MoreDespite a slower-than-anticipated rise in agricultural production, Cambodia’s economy is expected to grow at 7 percent this year on the back of strong growth in traditional sectors like garments, tourism, trade and construction, according to the latest forecast by the Asian Development Bank (ADB). The bank said growth in the garment and footwear industries was […]
Read MoreCambodia is making inroads in terms of competitiveness into the global tourism stage. In the latest edition of the Travel and Tourism Competitiveness Index (TCCI), released by the World Economic Forum (WEF) this month, Cambodia went up three places. The Kingdom is now ranked 98 in the world. The WEF releases the report every two […]
Read More
Thailand
