The Cambodian government will start implementing capital gains tax collection from January 1 next year, according to the General Department of Taxation (GDT). The capital gains tax will apply to all properities and other capital investments such as leasing, stocks as well as foreign currency, applying to any profits made by transactions within these areas. ...
28th August 2020
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KrisEnergy Ltd, an independent oil and gas company, announced that construction of the minimum facilities wellhead platform for the Apsara oil development offshore Cambodia Block A is completed and the topsides and jacket are being transported to Cambodian waters in the Gulf of Thailand for installation. ...
27th August 2020
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Cambodia is on track to reach its industrial development policy (IDP) goal by 2025, according to a report. In 2015, the Cambodian government introduced a 10-year IDP 2015-2025, aiming to increase the share in the industrial sector to 30% of the GDP by 2025...
26th August 2020
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Cambodia exported a total of $1.3bn worth of jewellery and precious stones to the international market in the first six months of 2020, a remarkable increase from just over $415mn last year, according to the General Department of Customs and Excise (GDCE)...
25th August 2020
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CSX-listed Phnom Penh Water Supply Authority (PPWSA) collected a total of $18.35mn in revenue in the second quarter of the year, an increase of 31.4% compared to the same period last year, according to a report filed on the CSX...
24th August 2020
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Listed garment manufacturer Grand Twins International (Cambodia) Plc (GTI) reported a sharp decline in revenue in 1Q20, citing COVID-19-induced disruptions to their exports and supply chain....
14th August 2020
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Power Transmission provider PESTECH (Cambodia) Plc successfuly listed its on the CSX on Wednesday, becoming the seventh company to do so. For its initial public offering (IPO), the company issued 3.9 miilion new shares or 5.26% of its enlarged total shares at the price of $0.76 per share....
13th August 2020
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Hotels in Siem Reap report more than 90% occupancy rates for the upcoming Khmer New Year replacement holiday. There has been change in tourism businesses in the province as hotels drop room rates, while restaurants and bars offer a more Khmer-friendly atmosphere with live bands, karaoke and local foods...
11th August 2020
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The bilateral trade reaches $2.8bn in the first half of 2020, recording a 15.8% increase compared to the same period last year, according to figures from the US Statistics Bureau. Cambodia exported $2.75bn worth of goods to the world's largest economy, a 23% increase YoY. Lim Heng, vice president of Cambodia Chamber of Commerce, said ...
07th August 2020
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Phnom Penh-based fintech start-up Click Payment (Cambodia) Plc announced on Wednesday that it raised $3.7mn in round-one seed funding from global partners and investors. The fund was led by Openway and Poems Pte Ltd, the investment holding company of Singapore financial house Phillip Capital Pte Ltd, which has more than $35bn under management....
06th August 2020
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