Cambodia has approved 23 energy investment projects worth $5.79 billion to address power shortages and enhance energy security. The projects, planned for 2024-2029, include solar, wind, biomass, gas-fired, and hydropower plants, alongside energy storage facilities. With a combined capacity ...
30th September 2024
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Cambodia's General Department of Taxation (GDT) has invited Chinese investors to explore the country's attractive tax incentives for eligible projects. At the China-Cambodia (Shenzhen) Trade and Business Forum, GDT Director-General Kong Vibol emphasized Cambodia's favorable ...
27th September 2024
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Cambodia's exports to the European Union (EU) surged by 16.27% YoY in the first eight months of 2024, totaling $2.9 billion, with two-way trade reaching $3.5 billion. Spain and Germany are the largest trade partners, while key exports include textiles, footwear, and ...
26th September 2024
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The Royal Government of Cambodia and the Kyrgyz Republic have signed a memorandum of understanding (MoU) to enhance trade and investment ties between the two nations. The agreement was formalized by Sok Chenda Sophea, Deputy Prime Minister and Minister ...
25th September 2024
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Cambodia's diesel fuel and petroleum oil imports reached $1.66 billion in the first eight months of this year, marking an 18% increase compared to the same period last year, according to data from the General Department of Customs and Excise released on Sunday. Diesel fuel imports ...
23rd September 2024
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Cambodia has announced a new monthly minimum wage of $208 for workers in the garment, footwear, and travel goods sectors, which employ nearly 1 million people. This represents a 1.96% increase from the current $204 and will take effect on January 1, 2025. The decision came after discussions ...
20th September 2024
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At the 2024 Tax Forum in Phnom Penh, General Department of Taxation (GDT) Director General Kong Vibol announced that businesses holding gold certificates, earned through high tax compliance and strong internal audits, will receive specialized auditing services from an elite unit. Vibol highlighted GDT's modernization efforts, including ...
19th September 2024
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The National Bank of Cambodia (NBC) is introducing a unified KHQR code for both riel and US dollar transactions to streamline digital payments and boost the use of the Khmer Riel. This initiative, starting in March 2024, will allow ...
18th September 2024
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Cambodia's public debt reached $11.27 billion by the end of the second quarter of 2024, with 99% being external debt, primarily in US dollars, Special Drawing Rights (SDR), Chinese yuan, and ...
17th September 2024
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Cambodia and Indonesia's economic cooperation continues to strengthen, with bilateral trade growing by 15% in 2023 and nearly $580 million recorded in the first half of 2024, projecting over $1.1 billion by year-end. At the "Sousdey Indonesia" exhibition ...
16th September 2024
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