Tax Exemption for Tourism & Hotel Business in Siem Reap Continues for Three More Months
The government has decided to extend the tax exemption for tourism and hotel businesses in Siem Reap for another three months from January to March 2023, according to an official press release on 30 January. The exemption includes all types of monthly taxes, except value-added tax, for hotels, guesthouses and travel agencies registered with the […]
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Cambodia Imports Construction Materials Worth US$1.3bn in 2022
Cambodia imported construction materials valued at over US$1.3 billion in 2022, according to an official report published recently. Imports of steel was valued at US$447 million, while cement was at US$25 million. The report added that Cambodia imported major goods worth a total of US$29.943 million, an increase of 4% compared to 2021. (Read more) In […]
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Cambodia-International Trade Valued at Over US$52bn in 2022
Cambodia-international trade volume reached approximately US$52.42 billion as of 2022, an 9.1% y-o-y increase, according to Minister of Commerce HE Pan Sorasak on 30 January. Cambodia’s export volume was at US$22.48 billion, a 6% y-o-y increase while import volume was at US$29.94 billion, also an increase of 4%. Meanwhile, the import value of construction materials, […]
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Ministry of Commerce Registers Over 10,000 New Businesses in 2022
10,701 new businesses were registered at the Ministry of Commerce in 2022, up 40% from 2021, according to a report from the ministry released on Monday 30 January. There were 888 companies removed from the business list last year, an increase of 34% compared to 643 companies in 2021, read the report. There were more […]
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Telecom Ministry: Phone Carrier Service in Boreys Improves Significantly Following New Rules
After the Ministry of Posts and Telecommunications set out new regulations and closely monitored internet and phone carrier service providers, the quality of the signal and service for both sectors has improved significantly. Minister of Posts and Telecommunications HE Chea Vandeth said that after the action was taken, the service has been improved by 70%. […]
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CDC Approves Three Investment Projects Worth US$18m in Kandal & Takeo Provinces
The Council for the Development of Cambodia (CDC) has given permits for three private firms to invest a total of US$18 million to establish three factories in Takeo and Kandal provinces. “NEW TARGET FOOTWEAR (CAMBODIA) CO., LTD” will invest US$7.5 million to establish a shoe factory in Tipat village, Cheang Tong commune, Tram Kak district, […]
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Gov’t sets marine waste management plan in four coastal provinces
The Ministries of Tourism and Provincial Administration of the four coastal provinces, including Sihanoukville, Kep, Kampot and Koh Kong, are drafting plans to strengthen marine waste management, according to the meeting with stakeholders on 28 January. The purpose of this meeting is to gather input to prepare a plan to strengthen the management of marine […]
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Siem Reap Among World’s Top 10 Trending Destinations in 2023
Siem Reap ranks 4th among the 10 most popular tourist destinations in the world, according to Trip Advisor, a world-renowned online travel agency. While Cuba heads the list of top trending destinations, Hoi An in Vietnam is second, Mauritius third, Siem Reap (Cambodia) fourth, Chiang Mai in Thailand fifth, Grand Cayman in the Caribbean sixth, […]
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KOTRA Pledges to Attract More Korean Investors to Cambodia
The Korea Trade and Investment Agency (KOTRA) has promised to attract more Korean investors to Cambodia, as more than 200 companies are currently investing in Cambodia, according to a discussion between Minister of Commerce HE Pan Sorasak and KOTRA on 27January 2023. During the meeting, the minister confirmed with the Korean side that the entry […]
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Can China Fix its Property Crisis?
Plenty of Chinese developers have faced difficulties. The volume of floor space sold across the country fell by 24% in 2022, the biggest slump since data became available in 1992; property investment was down 10% year on year, the first drop on record. China has abandoned its “zero-covid” approach to the pandemic, while simultaneously signalling […]
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Ministry of Culture Preserves 137 Ancient Buildings in 2022
In 2022, the Ministry of Culture and Fine Arts preserved 137 ancient buildings or equivalent to 216 sites, according to the official conference on 27 January 2023. Of these, a total of 48 buildings were repaired and 89 buildings were renovated. In 2022, the ministry also received requests to repair requests in a total of […]
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Construction of US$22m Water Supply System Project in Pursat 64% Complete
The construction of a Japanese-funded water supply system project in Pursat worth US$21.9 million has been 64% completed, according to the Pursat Provincial Administration. Senior Minister Cham Prasidh, Minister of Industry, Science, Technology, and Innovation inspected the construction progress on 27 January. Located in Phsar Leu village, Sangkat Lolok Sor, Pursat city, the construction of […]
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