Cambodia is not keeping up with the global pace of innovation and business competitiveness across world as the country continues to suffer from low skills levels and low-value exports, according to a report released yesterday at the Davos Economic Forum, coinciding with Prime Minister Hun Sen’s visit to the event. The 2017 Global Talent Competitiveness […]
Read MoreEfforts to introduce an effective, modern taxation system appear to be paying off as government coffers swelled last year, giving the state more revenue to use for development at a time when donor aid is drying up. Tax collection revenue grew by 15 percent to $1.49 billion last year, according to newly released data from […]
Read MoreThe Cambodian government has decided to stop selling temporary permits to Cambodian citizens heading to Rong Kluea market in Aranyaprathet district in Sa Kaeo through the Poipet border checkpoint. A letter from Banteay Meanchey provincial governor Soun Bavor on Wednesday said Deputy Prime Minister Ke Kim Yan decided to stop selling the permits — which […]
Read MoreA Thai membership card scheme’s whopping $57,000 membership fee has proven a tough sell in Cambodia, even among the Kingdom’s free-spending, status-loving elites. The Thailand Elite Privilege Card, an exclusive membership card program operated by a subsidiary of Thailand’s tourism authority, launched a sales drive in Cambodia last April after signing an agreement with local […]
Read MoreCambodia’s updated Law on Financial Management for 2017 reflects the government’s ongoing efforts to revamp the country’s tax system and bring more businesses operating in the informal sector into the formal tax regime by offering incentives for small taxpayers. The amended laws, which came into effect on January 1, offer lower tax rates for small and medium […]
Read MoreDespite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak Investment in Uncertain Times,” looked back on the previous year […]
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