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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The Securities and Exchange Regulator of Cambodia (SERC) and the Telecommunications Regulator of Cambodia (TRC) have recently identified unauthorized promotions of securities-related products and services through various telecommunication channels
13th September 2024
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Sun Chanthol, Deputy Prime Minister of Cambodia, has requested Chinese officials to collaborate on establishing the Kingdom's first free trade zone (FTZ) and expanding special economic zones (SEZs). During meetings with high-ranking ...
13th September 2024
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Australia has assured Cambodia of continued support in developing its rice sector and helping local exporters find global markets. During the 7th Cambodia Rice Forum 2024 in Phnom Penh, Australian Ambassador Derek Yip highlighted ...
12th September 2024
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Senate President Hun Sen has called on the South Korean government to encourage more Korean investors to explore opportunities in Cambodia, assuring them of protection ...
11th September 2024
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In August, the Council for the Development of Cambodia (CDC) approved two tyre manufacturing factories with a combined investment of $686 million, creating 3,459 jobs. These projects are part of a larger approval of 53 investments totaling ...
10th September 2024
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