Cambodia collected 11,497.98 billion riels (approximately $2.79 billion) in taxes in the first half of 2023, 49.1% of the target ($5,692 million). The country has two tax collection institutions: the General Department of Taxation (GDT) and the ...
09th August 2023
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The Ministry of Commerce has announced that the sub-decree on requirements and procedures for business merging will take effect on September 6, 2023. The sub-decree outlines three main obligations for businesspeople when merging multiple ...
08th August 2023
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The Cambodian banking industry is facing increasing systemic risks due to the looming economic uncertainty and rising non-performing loans (NPLs). Key indicators, such as Total Credit (% of GDP), Credit Non-financial (% of GDP), and Domestic Credit to Private Sector (% of GDP) are recorded at 195%, 188%, and 177%, respectively, as of the end of 2022..
07th August 2023
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Cambodia's insurance sector experienced a 7.5% increase in premiums in June 2022, driven by 18 general insurers, 14 life insurers, seven micro-insurance companies, one reinsurance firm, and 20 insurance brokers, 34 ...
07th August 2023
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Cambodia's Minister of Commerce has called on Jason Smith, chairman of the US House Committee on Ways and Means, to strongly consider re-authorising the Generalised System of Preferences (GSP) for Cambodia. The GSP scheme lapsed ...
04th August 2023
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Cambodia has experienced a significant increase in mobile payments due to the shift from cash-based to digital transactions. The number of registered e-wallet accounts reached 20.2 ...
03rd August 2023
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The National Bank of Cambodia (NBC) plans to increase the reserve requirements in foreign currency, particularly US dollars, for banks and financial institutions to 12.5% in 2024. This move follows a 9% increase since January 1, 2023, from ...
02nd August 2023
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The Cambodian government raised $27 million in bonds in the first six months of 2023, accounting for 13.5% of the $200 million target. The government issues bonds through the National Bank of Cambodia Auction Platform (NBCP), with ...
01st August 2023
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The National Bank of Cambodia (NBC) has praised the banking system's robustness and resilience, despite global turbulence. The system has been stimulated by credit allocation and loan restructuring, and the central bank is implementing ...
31st July 2023
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The ASEAN Business Advisory Council (Asean-BAC) Chairman Arsjad Rasjid announced that a universal QR code for the region is likely to be a reality by September. The integration will allow visitors from any ASEAN country to ...
28th July 2023
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