Credit Guarantee Corporation of Cambodia (CGCC) announce the launch of the Co-Financing Guarantee Scheme (CFGS). CFGS is specifically designed for the co-financing loans disbursed under the SMEs Co-Financing Scheme Phase II (SCFS II) of the SME Bank of Cambodia.
Three industry bodies are set to work together to enhance and mainstream financial literacy and inclusion among young entrepreneurs, as well as small- and medium-sized enterprises (SME) in Cambodia.
The Ministry of Economy and Finance has issued a prakas introducing new rules and procedures governing value-added tax (VAT) on goods and services provided via e-commerce.
The Ministry of Economy and Finance’s Accounting and Auditing Regulator (ACAR) on September 13 reiterated a call for business owners to fully honour their accounting and auditing obligations.
The Ministry of Economy and Finance’s General Department of Taxation (GDT) collected $1.90927 billion in taxes in the first eight months of 2021, down by $151.3 million or 10.60 per cent from the same period last year.
Cambodia is committed to harnessing digitalisation for better coordination in tax administration, as a jurisdiction that subscribes to China’s Belt and Road Initiative (BRI), according to a General Department of Taxation (GDT) press release issued on September 12.
The locally-owned Acleda Bank Plc, the Kingdom’s largest bank in terms of assets, has reserved a $79 million fund to support the growth of small and medium-sized enterprises (SME), according to president and group managing director In Channy.
Malaysia's Public Bank Group, parent company of Cambodian Public Bank Plc, reported a sound business performance despite ongoing interruptions from Covid-19.
The Ministry of Commerce and Wing Bank (Cambodia) Plc, a subsidiary of local conglomerate Royal Group of Companies Ltd, on August 30 entered into a partnership agreement to integrate digital payment systems into the ministry’s e-marketplace, CambodiaTrade.com, to help shore up Cambodian small- and medium-sized enterprises (SME).
Cambodia will receive about $240 million out of the International Monetary Fund’s (IMF) largest-ever distribution of Special Drawing Rights (SDR), equivalent to some $650 billion, which came into effect on August 23.