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Income tax ceiling to increase

The minimum income tax threshold in Cambodia will be raised to $200 when the 2015 budget law is passed later in October, said Prime Minister Hun Sen. Under the existing law, those earning more than $125 per month are required to pay tax. “There has been an initiative from the Ministry of Economy and Finance […]

New jobs drop despite increase in factories

The number of new jobs in the Kingdom has dropped in the first nine months of 2014 in spite of an increase in the number of registered factories, based on new government data. A total of 149 factories registered from January to September, up 21 percent from the same period last year, figures from the […]

CamFood and CamHotel expo draws over 300 firms

  The third edition of the CamFood and CamHotel expo has drawn over 300 foreign food and beverage suppliers looking for a local distributor to help expand their brands into the country’s hospitality sector. Some of the companies that converged at the Diamond Island Convention Center in Phnom Penh are coffee roasters, wine makers, oven […]

Investment conference identifies growth barriers

Minister of Commerce Sun Chanthol has urged industry representatives to buy into the Cambodian economy during the two-day investment conference of the International Business Chamber of Cambodia (IBC). The conference saw panel discussions on various topics such as tax and monetary policy, banking, energy, agriculture and labor force. Discussions highlighted several barriers such as infrastructure […]

Property forum calls for better safety standards

The European Chamber of Commerce has hosted a property forum, during which public and private representatives have called for improvements to safety standards. The event was a concerted effort to enhance talks between the government and the industry over planning policy, construction safety standards and regulation. According to Im Chhun Lim, senior minister of Land […]