The General Department of Taxation (GDT) has sought cooperation from the National Bank of Cambodia (NBC) to take legal actions against the two firms that have been operating as credit operators without registration with the tax administration after the central bank issued a letter of warning late last week, a release by GDT said. GDT […]
Read MoreCambodia received a total of $18.4 million for 23 projects as part of the Asian Development Bank’s trust fund, global fund, and special fund financing for projects and technical assistance, according to an ADB report. The top three Developing Member Country (DMC) recipients of trust fund, global fund, and special fund financing for projects and […]
Read MoreThe intermodal transportation connectivity and logistics system master plan worth $48.6 billion will cover 332 projects consisting of seven projects that include master plans of logistics, roads, rails, waterways, ports and airways. Khmer Times explains how Cambodia will cope with it. The Ministry of Public Works and Transport (MPWT) has planned to develop four logistics […]
Read MoreThe Council for the Development of Cambodia (CDC), which is Cambodia’s highest decision-making body for large-scale investments, has given the go-ahead to 17 investment projects involving a total of $141.72 million – plus or minus $0.805 million to account for rounding – that are expected to create 11,197 jobs. The projects cover sectors like textiles, […]
Read MoreCambodia imported $215.26 million worth of iron and steel in the first seven months of 2022, up by 20.1 per cent over the $179.18 million logged in the same period in 2021, Customs reported, as the construction sector and general economic situation in the Kingdom continue to improve. This accounted for 1.13 per cent of […]
Read MoreThe Cambodian Microfinance Association has urged people in need of loans to use services from legitimate financial institutions and to avoid unofficial mortgages or online loans – which can have serious consequences. Kaing Tong Ngy, spokesman for the Cambodian Microfinance Association, expressed support for the NBC’s announcement that people should avoid unofficial loans or online […]
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