PM extends tax exemption for tourism businesses for another year
Cambodian Prime Minister Hun Manet announced an extension of the tax exemption for tourism businesses in Siem Reap until June 2025, aiming to alleviate ...
23rd August 2024
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Bank credit growth slows, while deposits rise by 13% YoY to $52 billion
Cambodia's banking system remains strong in capital and liquidity, but credit quality and profitability have declined. In the first half of 2024, loans grew by...
22nd August 2024
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$12.7 million in trading volume recorded on Cambodian Securities Exchange in Q2 2024
The Cambodian Securities Exchange (CSX) reported a trading value exceeding $12.7 million in Q2 2024, reflecting a dynamic but uneven performance across its Main and Growth Boards. While the Main Board ...
21st August 2024
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Bakong Tourists app launched, allowing payments at 3.3 million locations
The National Bank of Cambodia (NBC) has introduced the Bakong Tourists mobile payment system to simplify transactions for travelers, address issues with damaged banknotes, promote the riel, and enhance the tourism sector. Available on both iOS and Android, the app ...
20th August 2024
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Cambodia rises to the position of the world's second-largest producer of raw cashew nuts
Cambodia has emerged as the world's second-largest producer of raw cashew nuts, with a total output of 830,000 tonnes in the first seven months of 2024. This surge in production is largely due to cashew crops adapting well ...
19th August 2024
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Cambodia raises $43.6 Million in e-commerce tax revenue in seven months
Cambodia's General Department of Taxation (GDT) reported $43.6 million in e-commerce value-added tax (VAT) revenue during the first seven months of 2024, with $6 million collected in July alone. Since April 2022, the country ...
16th August 2024
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Korean FDI is the second largest in Cambodia, according to Ambassador Park
Korea ranks as the second-largest source of Foreign Direct Investment (FDI) in Cambodia, with over 40% of its total investment concentrated in the banking and financial sectors, according to Korean Ambassador Park Jung-Wook. During a meeting ...
15th August 2024
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Cambodia's GFT exports rebound with 17.95% YoY growth in first seven months of 2024
Cambodia's garments, footwear, and travel goods (GFT) exports surged by 17.95% YoY in the first seven months of 2024, generating $7.5 billion in revenue, as reported by the General Department of Customs and Excise (GDCE). This marks ...
14th August 2024
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Over 15% of Cambodia's population is covered by insurance, either through private providers or NSSF
Over 15% of Cambodia's 17.6 million population has some form of insurance, either through private insurers or the government's National Social Security Fund (NSSF). The Insurance Association of Cambodia (IAC) ...
13th August 2024
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Cambodia's international trade surpasses $31 billion in the first seven months of the year
Cambodia's international trade volume surged by 15% YoY in the first seven months of 2024, reaching $31.18 billion, up from $27.1 billion during the same period last year. Exports climbed 14% YoY to $14.76 billion, while ...
12th August 2024
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