CAIC signs 12-year contract with French company to sell duty-free goods at Takhmao New Airport
CAIC has signed a 12-year contract with a French company, Lagarde’re Travel Retail SAS, and local partner HSC Group to sell duty-free goods, essential travel equipment, and catering services at Techo International Airport. This was reported by the National Television of Cambodia on June 26, 2024. Se’verine Lanthier, Executive Director for Asia and Lagarde’re Travel […]
In four years, construction and real estate businesses account for the largest share in registering with the OBRP
Since Cambodia launched the Online Business Registration Platform (OBRP) four years ago, 36,509 companies have registered under the new platform. The real estate sector has the highest number of registrations. This information is based on the progress report of the Online Business Registration Service. It’s worth noting that all the businesses registered under the new […]
Cambodia has over 750k small and medium enterprises, contributing 63% to domestic production
Cambodia has more than 750,000 small and medium-sized enterprises (SMEs), which account for 63% of gross domestic product (GDC) and employ more than 70%. This is according to the message of Samdech Thipadei Hun Manet, Prime Minister of Cambodia, on the occasion of the first National Day of Small and Medium Enterprises on June 27, […]
Vietnam’s Trade Ministry Requests PM’s Approval on Cambodian Sand Imports to Address 2.3 Million m3 Demand
The Vietnamese Ministry of Industry and Trade has proposed to Prime Minister Phạm Minh Chính to import construction sand from Cambodia to address the country’s annual demand of 2.3 million cubic meters. This recommendation follows a feasibility study indicating Cambodia’s ability to supply sand for Vietnam’s long-term construction needs, as reported by Vietnamnews.vn on 24 […]
Cambodia & Singapore Launch FTC to Boost Cross-Border Financial Services
Cambodia and Singapore have launched the Financial Transparency Corridor (FTC) project to facilitate financing for small and medium enterprises (SMEs) in both countries. The initiative, announced by the National Bank of Cambodia on 18 June 2024, aims to enhance bilateral trade and investment activities by streamlining cross-border financial services. The FTC serves as a digital […]
Cambodia Introduces Tax Incentives to Integrate Informal Enterprises into Formal Economy
The Cambodian government has announced new tax incentives aimed at formalising the informal economy, targeting micro, small, and medium enterprises (MSMEs) in specific sectors. According to Sub-Decree No. 113, dated 21 May 2024, these incentives apply to businesses in wholesale, retail, and repair; accommodation and food services; craft; and agricultural communities, encouraging them to voluntarily […]