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Thailand keen on joint petroleum production with Cambodia

The Thailand cabinet held an informal discussion on Tuesday on the realisation of the joint production of petroleum resources in the Gulf of Thailand with Cambodia, according to media reports. Quoting government sources, Bangkok Post reported that the Thailand government is proceeding with its years-long plan for joint production of petroleum resources in the Gulf of Thailand. […]

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Cambodia: Kingdom’s Investment Law example of ‘simplified approval mechanism’

Cambodia’s Investment Law provides an example of the development and implementation of a simplified approval mechanism, involving automatic approvals which render timelines for approval unnecessary, a report on the investment facilitation for sustainable development within the context of the RCEP, the ASEAN investment facilitation framework and the WTO draft investment facilitation framework for development said. […]

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Cambodia: Implementation of new income, salary tax come into effect

All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, 2022. Individuals and sole proprietorship enterprises that generate from zero […]

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Cambodia’s export to RCEP countries up 5 percent at $5.6B

Cambodia exported $5,671 million worth of goods to the members of the Regional Comprehensive Economic Partnership (RCEP) countries in eleven months of last year, an increase of 5 percent compared to the same period last year, data from the Ministry of Commerce showed yesterday. Cambodia’s top three export RCEP destinations were Vietnam, China and Japan […]

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