ACLEDA Bank Plc, Cambodia’s largest locally-owned commercial bank, has signed a $130 million long-term facility agreement with Chinese state-owned China Development Bank Corp (CDB), the world’s largest development bank by assets, it said in a press release on Friday.
The General Department of Taxation (GDT) collected $1.68407 billion in tax revenue in the first half of this year, up $181.68 million or 12 per cent compared to the same period last year, it said in a press release.
Cambodia's financial sector remains on a sustainable growth path despite the Covid-19 pandemic squeezing crucial industries, National Bank of Cambodia (NBC) governor Chea Chanto said.
It has been a little over two months since the government launched “SME Co-Financing Scheme 2020” (SCFS) to provide small and medium-sized enterprises (SMEs) with loans and preferential rates to maintain and develop their businesses and production lines.
The General Department of Taxation (GDT) has called on owners to effectively participate in the implementation of value-added tax (VAT) payments on the sale of long-term tangible assets.
The number of active e-wallet accounts in the Kingdom hit 5.22 million last year, a marked 64 per cent surge from 2018, the National Bank of Cambodia (NBC) said in a report on Wednesday.
The General Department of Taxation (GDT) has decided to suspend the e-filing of taxes by three months in response to requests from the private sector asking for more time to learn the new filing system.
The EU will provide $5.97 million to fund two new projects to boost a green economic recovery in Cambodia.
Farm loan applications to the state-owned Agricultural and Rural Development Bank (ARDB) reached $31 million on Friday.
The National Bank of Cambodia (NBC) will host its seventh Annual Macroeconomic Conference under the theme “Discussion of Cambodia’s Economic Development Models” to gather input from academics, researchers, industry insiders and economists about how to structure the economy in a post-Covid-19 world.