Small and medium enterprises (SMEs) are finding it difficult to meet the requirements to apply for tax exemption from the General Department of Taxation ’s (GDT)said Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec) president Te Taingpor.
Cambodia Startup Advisers announced in a press release the launch of the first professional service alliance dedicated to supporting the fast-growing technology start-up industry in Cambodia.
Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019.
Bilateral trade volume between Cambodia and the US last year rose 27 per cent to more than $3 billion, Cambodian Minister of Commerce Pan Sorasak said on Monday.
Cambodia’s trade deficit with the rest of the world continued to widen last year to $5.2 billion, as the Kingdom’s imports outstripped its exports once again, a National Bank of Cambodia (NBC) report released on Saturday said.
Private companies have expressed their “deepest concerns” over the potential withdrawal of the Everything But Arms (EBA) preferential scheme. In a joint letter to the European Commission, they said the move will negatively impact the Kingdom.
The Ministry of Commerce will lose $60 million in revenue annually after the government eliminated export procedures in a campaign to boost competitiveness, a senior official at the ministry has said.
The government has formed a technical working group to formulate a digital economy policy which will function as a roadmap to boost the Kingdom’s economy through technological innovation, an official said on Tuesday.
The Kingdom’s major tourism destinations attracted more than a half a million tourists during the New Year’s Eve celebrations, bringing the total number of tourists nationwide to three million, according to Ministry of Tourism figures.
Cambodia's economy is predicted to remain resilient and maintain a high growth rate this year in the face of challenges posed by the global economy, according to a National Bank of Cambodia (NBC) press release.