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Seminar highlights Vietnam-Cambodia-Laos economic links

Quang Ninh (VNA) – The seventh seminar on Vietnam-Cambodia-Laos cooperation took place in Vietnam’s northern province of Quang Ninh on October 15, highlighting the significance of economic ties between the three countries. The annual event was held by the Vietnam Academy of Social Sciences (VASS), the Royal Academy of Cambodia (RAC), and the Lao Academy of […]

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Cambodia: PM signs sub-decree on SME tax incentives

Small- and Medium Enterprises (SMEs) in Cambodia will receive tax incentives as the government intends to promote their development to create jobs and increase domestic production capacity. The sub-decree on tax incentives for SMEs in priority sectors, signed by Prime Minister Hun Sen on October 2, identifies six priority sectors – agro-industry and food production […]

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Cambodia: Government explains petrol price jump

The retail price of petrol in Cambodia has increased for the third straight month, upsetting many who work in low-paying jobs, such as tuk-tuk drivers. The price jumped to 4,200 riel per litre in mid-October from 3,950 riel in July, according to the Ministry of Commerce. The price increase is hurting low-income families as the […]

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Cambodia: World Bank predicts growth for Kingdom

The World Bank’s economic report on East Asia and Pacific says the Cambodian economy is expected to grow at seven per cent this year, compared to 6.9 per cent last year. The result is underpinned by upbeat investor sentiment and rising government spending, it said in its report released on Thursday. “As global demand peaks […]

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Cambodia: Poverty falling at rapid pace, says UNDP

Poverty in Cambodia has fallen dramatically over the last two decades, and continues to fall at a rapid pace, said a high official of the UNDP to Khmer Times yesterday. All the poverty rateslines, either based on income and other dimensions, have seen big reductions at a gradual pace, often surpassing its peers in the Asia Pacific […]

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