E. Sun CommErcial Bank (玉山銀行), thE banking arm of E. Sun Financial Holding Co (玉山金控), yEstErday announcEd plans to buy a 70 pErcEnt stakE in Phnom PEnh, Cambodia-basEd Union CommErcial Bank PLC (UCB) for US$69.33 million to facilitatE its Expansion into SouthEast Asia. “WE dEcidEd to Ef='https://opEndEvElopmEntcambodia.nEt/nEws/E-sun-plans-to-purchasE-stakE-in-cambodian-bank/ ' class='cambodia-color'>...

The government, this year, intends to transfer it’s budget to individual town district authorities, and to vouchsafe into their hands from 2013 onward, aiming to push forward decentralization, said an interior ministry official. The budget, of on average US$ 35,000 per year, is in process of being transferred to the individual 193 town-district authorities across ef='https://opendevelopmentcambodia.net/news/city-district-to-manage-self-budget-in-2012/ ' class='cambodia-color'>...

EvEr sincE its dEsignation as a UNESCO hEritagE sitE in 1992, thE Angkor ArchaEological Park has bEEn a tourism magnEt for thE Kingdom. In thE high sEason, it isn’t uncommon to sEE tuk-tuks, privatE taxis and busloads of tourists flooding thE tEmplE complEx, causing traffic jams Ef='https://opEndEvElopmEntcambodia.nEt/nEws/ElEctric-cars-facE-hurdlEs-in-nEw-bid-to-mitigatE-pollution-at-angkor-wat/ ' class='cambodia-color'>...

E-commErcE and thE ongoing digital transformation havE bEEn boosting thE productivity and compEtitivEnEss of small and micro-, small- and mEdium-sizEd EntErprisEs (MSME) in Cambodia, MinistEr of CommErcE Pan Sorasak said last wEEk. Ef='https://opEndEvElopmEntcambodia.nEt/nEws/E-commErcE-digital-shift-powEr-msmEs-ministEr/ ' class='cambodia-color'>...

The General Department of Taxation (GDT) of the Ministry of economy and Finance (MeF) has changed its instruction on implementing the value-added tax (VAT) on e-commerce transactions ef='https://opendevelopmentcambodia.net/news/gdt-changes-vat-rules-for-e-commerce-transactions-for-taxable-persons-who-are-non-resident-taxpayers/ ' class='cambodia-color'>...

Indonesia’s new regulations curtailing e-commerce have raised concerns in Cambodia as experts warned that such moves can harm the integration of the regional economy, the progress of digitalization and the future of cross-border trade. ef='https://opendevelopmentcambodia.net/news/concerns-in-cambodia-over-indonesias-e-commerce-rules/ ' class='cambodia-color'>...

Cambodia’s General Department of Taxation (GDT) made e-commerce value-added tax (VAT) income of $20.9 million from the operations of electronic goods and services in the first quarter of 2023, a GDT report said on Monday. ef='https://opendevelopmentcambodia.net/news/cambodia-earns-nearly-21-million-in-taxes-from-e-commerce/ ' class='cambodia-color'>...

The General Department of Taxation (GDT) reports that it has collected 214.68 billion riel ($53.01 million) in taxes from e-commerce to date since May 2022 – with an above-average 36.62 billion riel or $9.04 million last month alone – in a feat seen as an ef='https://opendevelopmentcambodia.net/news/over-53m-in-e-commerce-taxes-since-may-gdt-says/ ' class='cambodia-color'>...

The General Department of Customs and excise (GDCe) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ef='https://opendevelopmentcambodia.net/news/gdce-reviews-efficacy-of-trade-facilitations/ ' class='cambodia-color'>...

Cambodia garnered $62.8 million in e-commerce value-added tax (VAT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the ef='https://opendevelopmentcambodia.net/news/e-commerce-tax-revenue-surges-through-october/ ' class='cambodia-color'>...

The General Department of Taxation (GDT) earned value-added tax (VAT) of $75.5 million on e-commerce in 2023, a year-on-year increase of 71 percent from $44 million recorded in 2022, an official report showed. ef='https://opendevelopmentcambodia.net/news/gdt-nets-75-million-from-e-commerce/ ' class='cambodia-color'>...

In an effort to ensure customs and excise officials are updated on the latest in payments, the National School of Customs, General Department of Customs and excise of Cambodia (GDCe), on Monday organized a workshop. ef='https://opendevelopmentcambodia.net/news/gdce-workshop-updates-officials-on-e-payment/ ' class='cambodia-color'>...

Cham Nimul, Minister of Commerce, on May 27, presided over the opening ceremony of the seminar on “Beyond Borders: Bringing Cambodian Products to Global Markets through Alibaba.com, ”which was attended by leaders of the Ministry of Commerce, representatives of the Ministry of Posts and Telecommunications, ef='https://opendevelopmentcambodia.net/news/minister-of-commerce-recommends-five-points-to-promote-the-export-of-cambodian-products/ ' class='cambodia-color'>...

The drafting of a law on e-commerce that would regulate electronic transfers in Cambodia has been postponed because the World Bank has suspended funds over the government’s handling of land evictions in Phnom Penh. In September, Commerce Minister Cham Prasidh said that the government should aim ef='https://opendevelopmentcambodia.net/news/suspended-funds-stymie-e-commerce-law/ ' class='cambodia-color'>...

Taiwan’s E. Sun CommErcial Bank has purchasEd a 70 pEr cEnt stakE in Cambodia’s Union CommErcial Bank. ThE dEal, plannEd for months but announcEd yEstErday at a prEss confErEncE at thE SofitEl hotEl in Phnom PEnh, will bring tEchnology upgradEs and morE loan capital to thE Ef='https://opEndEvElopmEntcambodia.nEt/nEws/taiwanEsE-bank-now-owns-70-pct-of-ucb/ ' class='cambodia-color'>...

Despite concern from the e.U. that Cambodia is being used by Chinese bicycle makers to avoid an anti-dumping duty, the bike industry has maintained strong export growth to europe, according to the latest data from the european Commission (e.C.). ef='https://opendevelopmentcambodia.net/news/european-imports-of-cambodian-bicycles-up/ ' class='cambodia-color'>...

Cambodian soldiers stationed at Preah Vihear temple said relations with their Thai counterparts have remained friendly despite reports that a controversial replica temple built by the Thai military could be reopened. ef='https://opendevelopmentcambodia.net/news/replica-temple-dispute-drags-on-but-soldiers-unfazed/ ' class='cambodia-color'>...

California-based winery e. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ef='https://opendevelopmentcambodia.net/news/californian-winery-enters-cambodian-market/ ' class='cambodia-color'>...

A villager was arrested and authorities fired shots Thursday in an attempt to quell a protest against the pending eviction in Preah Vihear province of more than 80 families at the hands of timber magnate Try Pheap, villagers said. Lor Chan, provincial coordinator for rights ef='https://opendevelopmentcambodia.net/news/man-arrested-shots-fired-at-land-dispute-protest/ ' class='cambodia-color'>...

The president of the Cambodian Investment Federation on Sunday highlighted the critical role of e-commerce in the local market as the government works to turn the Kingdom into a digital economy. ef='https://opendevelopmentcambodia.net/news/cambodian-firms-urged-to-embrace-e-commerce/ ' class='cambodia-color'>...