Owners of vehicles with a model year before 2021 that were brought into Cambodia without paying import duties or other charges can reduce any levy obligations by 10-20 per cent if they pay them before the end of this year, according to an October 12 letter from General Department of Customs and Excise (GDCE).
The local Sathapana Bank Plc has received $10 million from OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, allowing the bank to expand its loan portfolio to small- and medium-sized enterprises (SME), and especially female entrepreneurs.
Hong Kong-based multinational insurance company FWD Group on September 29 officially launched its insurance business in Cambodia to cash in on the burgeoning demand, as part of the company’s strategy to expand into 10 markets across Asia.
The National Bank of Cambodia (NBC) has introduced a marginal lending facility (MLF) to address the short-term liquidity needs of banking and financial institutions in emergency situation to carry out their business operations.
The National Bank of Cambodia held five currency auctions from September 2-21 and sold $130 million on the foreign exchange (forex) market, meant to stabilise the riel’s fluctuations against the greenback, shore up economic activity during the ongoing health crisis and power a faster economic recovery.
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.