The inflows of foreign direct investment (FDI) into the Kingdom’s banking sector nearly doubled in 1H17 as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday...
02nd August 2017
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Cambodia’s Globalcam Project Development Ltd entered into an agreement yesterday with Malaysia’s Mahdi Holdings Investment to jointly build expressways across the Kingdom...
01st August 2017
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Local conglomerate Royal Group and South Korea’s largest retailer, E-Mart, signed a memorandum of understanding last Friday to form a new joint venture to invests in a hypermarket—a massive retail outlet that combines a supermarket with a department store—in Cambodia...
31st July 2017
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Cambodia signed a double taxation agreement (DTA) with Brunei, aiming to prevent dual taxation and fiscal evasion, the Ministry of Economy and Finance said yesterday in a press release...
28th July 2017
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Makro, a joint venture cash and carry supermarket involving Siam Makro and local LYP Group, has called for supplies of vegetables and fruit from local farmers for its official opening in Phnom Penh by the end of the year...
27th July 2017
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The government has made $27mn in emergency funds, initially intended for rice sector, available for struggling corn farmers at a 5% annual interest rate to help prop up low market prices and free up liquidity after farmers protested earlier this month, a state official said yesterday...
26th July 2017
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Cambodia exported its first shipment of 100 tonnes of yellow bananas to China via Vietnam on Saturday, according to an official from the Ministry of Agriculture...
25th July 2017
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Cambodia’s garment exports grew 4% YoY in 1H17, down from 9% in 1H16, while foreign investment in the sector declined by 30%, according to a report released by the National Bank of Cambodia (NBC) last Saturday...
24th July 2017
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The Ministry of Commerce (MOC) issued a prakas (decree) yesterday requiring all businesses to put price tags on their products and services in riel, in order to boost the use of the local currency...
21st July 2017
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The tax authorities of Cambodia and Thailand have agreed in principle to speed up a proposed double taxation agreement (DTA) that would protect their nationals from double taxation and encourage bilateral investment...
20th July 2017
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