On 23 June 2020, the Garment Manufacturers Association in Cambodia (GMAC) issued a statement regarding the temporary postpone of minimum wage negotiation for 2021. This statement is made upon the current circumstance of the COVID-19 outbreak that severely affects the textile, garment and footwear sector. ...

The General Department of Taxation (GDT) collected 385.3478 billion riel, or more than $93 million, in vehicle tax revenue for the taxable period in June-November – from 791,168 units – or 174.2 percent of the 2021 plan (just over 221 billion riel), according to GDT ...

There were over 4,000 cases total of fisheries and wildlife crimes in 2021 nationwide, with nearly 200 suspects referred to court, according to a report by the Ministry of Agriculture, Forestry and Fisheries. ...

The Credit Guarantee Corporation of Cambodia (CGCC) is on track to be launched in the first half of next year, Banking Association of Cambodia (ABC) president In Channy told The Post on November 26. The CGCC was established by Sub-Decree No 140 ANKr BK on ...

The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central bank’s forecast published in its Macroeconomic and Banking ...

The National Bank of Cambodia (NBC) said declines in personal income and savings in 2020 pose the primary risk for a potential increase in personal debt in the Kingdom in 2021, according to its Macroeconomic and Banking Sector Update 2020 report. ...

Cambodia exported 11,200 tonnes of organic milled rice to international markets in 2020, a slight 1.2 per cent increase over 2019, according to the Cambodia Rice Federation (CRF). While the milled-rice export sector by and large chalks up 2020’s lacklustre growth performance to the ongoing ...

A senior official at the State Secretariat of Civil Aviation (SSCA) said the construction of Dara Sakor International Airport in Koh Kong province is on schedule and plans are for flight operations to begin in mid-2021. ...

The eighth Entrepreneurship Development Fund (EDF) Board of Directors Meeting yesterday reviewed and approved its medium-term strategic framework and annual work plan and budget for 2021. ...

Cambodia drastically downgraded its economic forecast for 2021 to 2.5 per cent from the 4.1 per cent projection announced at the beginning of the year, due to the deteriorating Covid-19 situation. ...

Cambodia and Vietnam are set to jointly host the first virtual Vietnam Defense-Economic Exposition (Videx) 2021 in Hanoi from December 14-17, according to the Cambodian Ministry of Commerce. ...

Bilateral trade volume between Cambodia and Japan topped $1.700 billion in 2021, marking a small increase of 0.49 per cent from more than $1.692 billion a year earlier, according to preliminary data from the Ministry of Commerce.   ...

Foreign direct investment (FDI) inflows in Cambodia between mid-1994 and end-2021 amounted to 168.8 trillion riel ($41.0 billion), rising by 11.2 per cent from the end of 2020, with the Greater China area remaining the Kingdom’s top source market, according to a new report.   ...

Asian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year.  ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as ...

Optimism prevails in the private sector that the Investment Law widely anticipated to launch later in the year will spell new momentum in the Kingdom’s industrial diversification in parallel with the region and beyond. The current edition of the law comprises 11 chapter and 39 ...

Vietnam extended its 3,000-tonne duty-free quota for Cambodian dried tobacco leaves for 2021 to meet market demand, Ministry of Commerce spokesman Seang Thay confirmed to The Post on March 23. ...

A desire for increased security and an acute awareness of current health guidelines has generated an uptick in the use of non-cash payments, according to US multinational financial services corp Visa, as measured in its latest Consumer Payments Attitudes survey. ...

US-listed international mixed-carrier FedEx Corp plans to launch air freight services to Cambodia by mid-2021, according to State Secretariat of Civil Aviation (SSCA) spokesman Sin Chansereyvutha. ...

Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...