Revenue from property tax accounted for 0.1 per cent of gross domestic product (GDP) which is very low compared to other countries in the region, an International Monetary Fund (IMF) working paper said.
The CLMV (Cambodia, Lao, Myanmar and Vietnam) countries have agreed on a framework for economic development, which will be submitted to CLMV’s leaders to approve next year, the Ministry of Commerce announced on Wednesday.
Cambodia and Thailand have agreed to rekindle negotiations on oil and gas development over the long-contested Overlapping Claims Area (OCA) in the Gulf of Thailand, said Cambodian Ministry of Mines and Energy spokesman Cheap Sour.
A Singapore business delegation is looking for investment opportunities in Cambodia in retail sale, technology, fintech and education, a representative of the delegation said on Wednesday.
Cambodia and Malaysia have pledged to strengthen economic cooperation and boost trade and investment, according to a joint statement issued on Tuesday.
Small and Medium Enterprises (SMEs) are key factors in the Kingdom’s industrial sector growth, but around 95 per cent of Cambodia’s SMEs have not been properly registered, the Ministry of Industry and Handicraft said on Friday.
Minister of Commerce Pan Sorasak on Wednesday said the Cambodian government has focused on its competitiveness strategies and the growth of Industry 4.0 in the Kingdom to withstand the trends of global protectionism and geopolitical polarisation.
Cambodian and Vietnamese officials held a meeting to discuss border trade cooperation, as the Kingdom’s trade deficit with Vietnam continues to widen.
The Cambodia-Sri Lanka Business Forum which was held on Wednesday served to enhance trade and economic relations between the two countries.
Malaysian Ambassador to Cambodia Eldeen Husaini Mohd Hashim has embarked on a fact-finding mission, visiting Malaysian companies to ascertain their needs, concerns and challenges, as he moves to improve bilateral trade and investment in the Kingdom.