TRADE VOLUME BETWEEN CAMBODIA AND JAPAN REACHED OVER $586 MILLION IN THE FIRST QUARTER OF 2020
Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External…
Read moreHOW TO START A REAL ESTATE AGENCY IN CAMBODIA
A lot of foreign businesses are taking an interest in the Kingdom of Cambodia due to its attractive investment environment. As such, local entrepreneurs have thrown in their lot to set up real estate companies to meet the demands of…
Read moreIMPACT OF COVID-19 ON REAL ESTATE SECTOR IN CAMBODIA
Property watchers have long noticed that weekends, at this time of the year, are a prime times for people seeking to buy or rent homes, but this year it’s different. That’s because of COVID-19 has reared its ugly head, knocking…
Read moreFREE-TRADE AGREEMENT (FTA) BETWEEN CAMBODIA AND CHINA HAVE ACHIEVED ABOUT 70 PERCENT SUCCESS
A senior official of the Ministry of Commerce said negotiations on the free-trade agreement (FTA) between Cambodia and China have achieved about 70 percent success so far and they are expected to sign the agreement by the end of the…
Read morePHNOM PENH’S CONDOMINIUM PROJECTS REMAIN ON TRACK TO FINISH ON SCHEDULE
Despite the national and global economic downturn fuelled by the ongoing health emergency, Phnom Penh’s condominium projects remain on track to finish on schedule, according to real estate agency CBRE Cambodia. The capital’s property sector added five condominium projects comprising…
Read moreCAMBODIA HAS SUSPENDED ALL WHITE RICE AND PADI EXPORTS STARTING APRIL 5, 2020
CAMBODIA has suspended all white rice and padi exports starting April 5 to secure domestic supplies during the Covid-19 pandemic. Prime Minister Hun Sen said the measure was a preventive strategy that was important during an emergency, as Covid-19 was…
Read moreCAMBODIA’S 2020 GROSS DOMESTIC PRODUCT (GDP) GROWTH FORECAST
The Asian Development Bank (ABD) has slashed Cambodia’s 2020 gross domestic product (GDP) growth to 2.3 per cent from its initial 6.8 per cent forecast due to the slowdown in major economies and China and reduced access to export markets….
Read moreCAMBODIA NEW INVESTMENTS TOTALING $900 MILLION SPREAD OVER NINE PROVINCES
Cambodia registered 40 new investment projects worth more than US$900 million in the first three months of this year, according to the Council for the Development of Cambodia (CDC). The approved projects include the production of clothing, travel goods, household…
Read moreECONOMIC IMPACT OF THE COVID-19 OUTBREAK FOR CAMBODIA THIS YEAR
The Asian Development Bank (ADB) said the Kingdom will see losses amount to more than $390 million due to the economic impact of the Covid-19 outbreak this year. Cambodia is also set to suffer the worst economic impacts caused by…
Read moreNEW TAX RATES ANNOUNCED FOR BUSINESSES AND EMPLOYEES IN CAMBODIA FOR 2020
The Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia. Employers were instructed to deduct employee taxes according to the new rates from February onwards. Taxpayers have to submit the tax…
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