Following a request by a senior officer of the US State Department to hold another discussion on the draft minimum wage law, a tripartite group consisting of employers, unions and the government met again yesterday to check the law before sending it to relevant ministries. Last month, Sarah Morgan, an official with the US Office […]
Read MoreCambodia’s economic outlook remains positive and the economy is forecast to grow at a robust 7 percent this year and next year, according to a report released by the Asian Development Bank on Wednesday. Growth in exports, strong foreign direct investment, growing tourist arrivals and increasing domestic demand should promote strong growth for the next […]
Read MoreIn the days following the announcement that ride-hailing giant Uber was selling its Southeast Asia assets to regional competitor Grab, regulators and government officials across the region took action to ensure the move wouldn’t hurt competition in the sector. Regulators in the Philippines and Singapore, where Grab is based, launched anti-trust investigations, while Malaysian officials […]
Read MoreAn airport train service running from the capital’s train station on Monivong Boulevard to the Phnom Penh International Airport started on Tuesday at a ceremony presided over by Transportation Minister Sun Chanthol. The ride currently takes about 45 minutes and trains depart at 20-minute intervals, 24 hours a day, Chanthol said. The trains have different […]
Read MoreThe General Department of Taxation on Friday issued a statement reminding Cambodian financial institutions to comply with the reporting requirements of the US’s Foreign Account Tax Compliance Act (FATCA). Cambodia and the US have signed an agreement to enforce FATCA, which mandates that financial institutions holding certain amounts of money in accounts managed by US […]
Read MoreTHAI OVERSEAS investments in Cambodia and Myanmar have come under criticism for irresponsible business operations and human rights violation, which has also led to the first-ever class-action lawsuit against a Thai company in its home country. As the United Nations Working Group on Business and Human Rights concluded its visit to Thailand to inspect human […]
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Thailand
