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World Bank projects 7.2 pct growth

The World Bank has projected a 7.2 percent growth this year, driven by expansion in the garment industry and increased investor interest in the construction sector. The garment industry has seen a 14.1 percent year-on-year growth by the middle of the year, while the construction sector has seen an increase in project approvals to $2.5 […]

Passengers top 4m in 9 months

Cambodia Airports, which operates the three international airports in the Kingdom, handled over 4 million passengers and 47,689 flights movements for the first nine months of the year, up 12.6 percent and 12.3 percent respectively from the same period last year. Cambodia’s main hubs, the Phnom Penh International Airport and Siem Reap International Airport, handled […]

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 […]