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The Law of Taxation in Cambodia serves as the primary framework for tax regulation, outlining the tax responsibilities of individuals and businesses. The General Department of Taxation (GDT) oversees the collection and administration of taxes, with taxpayers required to submit and pay their taxes on a monthly and annual basis. In Cambodia, businesses are subject…
In a world that has faced unprecedented economic challenges, Cambodia has emerged as a shining example of resilience and growth. Despite the recent global hurdles, the Southeast Asian nation has not only managed to recover but has also made significant strides in economic development. In this article, we will delve into the factors and strategies…
In recent years, ASEAN countries like Vietnam, Indonesia, Thailand, Singapore, and the Philippines have made significant advancements in the space industry. These nations have harnessed the advantages of satellite technologies for various purposes, including research, education, communication, meteorological applications, and natural disaster management. Cambodia, recognizing the importance of joining the space race, has taken steps…
Cambodia is a rapidly developing country that has made significant strides in the technology sector in recent years. The government has been working to attract foreign investment and create a favorable environment for tech startups. The country’s young and tech-savvy population is also an asset in this regard. Additionally, Cambodia’s strategic location in the heart…
At least five vehicle assembly investment projects have been approved in Cambodia, and construction is expected to be completed soon. Soeun Dara, executive director of the Cambodia Automotive Industry Federation, said that this will bring the total number of car assembly factories in Cambodia to nine, of which three are already functioning. Hyundai, located in…
Visa Inc. and Mastercard Inc. will develop their payment technology and financial literacy programs to assist small and medium-sized businesses in Cambodia that are anticipated to continue doing business with multinational companies from the world’s largest economy in the future, according to a senior official of a leading business chamber. A Cambodia Chamber of Commerce…
The Memorandum of Understanding (MOU) was signed on February 8, 2023, in Phnom Penh by Souliyo Vongdala and Phonepasong Mixab, the CEO and Co-Founders of LOCA, and Soreasmey Ke Bin, the CEO of Confluences. Confluences will guide LOCA’s first steps in Cambodia as part of this strategic cooperation. The Kingdom is LOCA’s first market outside…
Construction of the Phnom Penh-Poipet express rail project, a key element of Cambodia’s economic development, has made headway in recent days. According to the preliminary findings of a feasibility study to upgrade the Phnom Penh-Poipet railway into Cambodia’s first express railway, the project would cost more than $4 billion and take four years to complete.…
On this day (15th January), and on a day every year around this time, my chairman does one thing that immortalizes him as a legend! In honor of his father, he celebrates the life of the man who sired him and who was taken from this earth way too soon. The one man who taught…
The new Phnom Penh international airport, known as the Techo International Airport, is expected to open in 2024. The $1.5 billion project, funded by the Cambodia Airport Investment Co., Ltd (CAIC), is being built on 2,600 hectares in southern Kandal and Takeo provinces by the China Construction Third Engineering Bureau Group Co., Ltd. The construction…
Samdech Hun Sen has received greetings from Cambodians all over the country on the occasion of the 38th anniversary of his swearing-in as the country’s prime minister (January 14, 1985–January 14, 2023). At the time, he held the record for becoming the world’s youngest Prime Minister in the world. Samdech Hun Sen is the most…
“Industry, services, and agriculture will be the three primary economic sectors driving Cambodia’s economic growth in 2023.” In the second half of 2021, exports of goods helped Cambodia’s GDP growth get back on track. But in 2022, the economy was impacted by changes in China, a slowdown in consumer demand in developed countries (the US…
There are numerous types of tea available. The Cambodia variety, a single-stem tree growing to about 16 feet (5 meters) in height, is not cultivated but has been naturally crossed with other varieties. Nothing beats the pleasant taste and comforting aroma of a cup of tea early in the morning. Tea was discovered in China…
