The Cambodian Gov’t decided to encourage taxes on informal economic enterprises
The Government of Cambodia has decided to provide tax incentives to develop the informal economy for enterprises carrying out certain business activities. According to Sub-Decree No. 113 dated May 21, 2024, these incentives apply to micro, small and medium enterprises that have voluntarily registered for tax on enterprises in the following categories: – Wholesale, retail, […]
China boosts exports to 7.6% in May amidst US, Europe tighten Chinese import tariffs
China’s exports jumped by 7.6% year-on-year in May, providing a crucial boost to the world’s second-largest economy amid ongoing property market woes and subdued domestic demand. This significant rise, reported by the country’s customs office on Friday, outpaced April’s 1.5% increase and exceeded economists’ expectations of a 6.0% growth, according to Nikkei Asia, 7 June […]
EU Cracks Down on Unsustainable Supply Chains with Landmark Directive
The European Union (EU) has taken a significant step towards promoting ethical and sustainable practices in global supply chains by adopting a new directive on corporate due diligence. This legislation, applicable to large companies within the EU, mandates stricter accountability for environmental and human rights issues throughout their operations and supply networks, according to European […]
Cambodia Sees Over 30% Increase in Steel Imports in Early 2024
In the first four months of 2024, Cambodia imported iron and steel worth approximately US$168 million, marking a significant 30.6% increase from the US$129 million recorded during the same period in 2023. This data was reported by the General Department of Customs and Excise on 21 May 2024. The increase in imports extends beyond iron […]
Benesch Pilots AI/ML and Digital Twin Technology to Streamline Traditional Pavement Assessment Workflows
Using Bentley’s iTwin Applications Facilitates Data-centricity, Industrializing Industry Pavement Management Practices Traditional pavement management practices and technology lack efficiency and comprehensiveness, failing to maximize asset Benesch initiated a research and development project, exploring the integration of artificial intelligence, machine learning, and digital twins for a more data-centric approach to pavement crack detection workflows. Leveraging iTwin® […]
Cambodia’s Trade Volume Hits US$17bn in First Five Months of 2024, Down 10%
In the first five months of 2024, Cambodia’s trade volume reached approximately US$17 billion, marking a 10% decrease compared to the same period in 2023. This decline, reported by HE Sok Sopheak, Secretary of State and spokesperson for the Ministry of Commerce, was attributed to sluggish overseas consumer markets and inflation in buyer countries. The […]