Other Briefings
Is Cambodia Ready for the AEC?
Cambodia’s integration into the ASEAN Economic Community is fast approaching amid much speculation on whether the country is ready to reach regional expectations, standards and demands.
Cambodia’s Securities Exchange Introduces “Growth Board” Policy to Lure SMEs
Recently, the Cambodian Securities Exchange (CSX) has announced listing criteria for a new trading platform aimed at increasing participation of Small and Medium Sized Enterprises (SMEs), offering investors new options in the country.
EU Gets a Handle on Cambodian Re-Exported Bicycles with New Tariff
The European Union has imposed a 48.5 percent duty on Cambodian bicycle exports to put the brakes on Cambodia flooding the market with Chinese-sourced models dumped in the single market at below cost price.
The Cost of Business in Cambodia Compared With China
In Part One of our series comparing ASEAN nation business costs with China, we discuss Cambodia and how the country may fit into your China strategy.
Cambodia Recognizes First Patent Application
Cambodia has recognized its first-ever patent application, marking a landmark for legal services provision in the country. The country has had a patent law in place since 2003, enacted as part of the countries WTO obligations, however has struggled with the internal mechanisms required to enable it to actively process such applications.
Cambodia Raises its Income Tax Threshold
At the beginning of January, Cambodia reduced the income tax burden on workers in the country. The government has raised its tax threshold from 500,000 riel (US$125) to 800,000 riel (US$200). The previous lowest income tax bracket had begun at 500,000 riel, at a rate of five percent. This change puts approximately US$3.75 a month back into the pockets of workers in Cambodia earning over US$200 per month.
Cambodian Government Preparing Standardized Tax Reports
The Cambodian Ministry of Economy and Finance is drafting standardized accounting procedures for small and medium-sized businesses. The main goal of the draft is to streamline bookkeeping, improve tax collection efforts for the government, and make it easier for lending institutions to evaluate loans.
Cambodia Reports Strong Business Growth
According to Cambodia’s Ministry of Commerce, the number of newly registered businesses has increased by 33 percent over last year, including a strong contingent of foreign enterprises.
Cambodia-Malaysia Trade Grows Nearly 20 Percent in First Quarter of 2014
Bilateral trade between Cambodia and Malaysia during the first quarter of 2014 was up by 17.6 percent compared to the first quarter of 2013, a Malaysian official announced this week.
Cambodia Implements ASEAN Standards on Customs
The Cambodian National Assembly approved changes to the country’s customs laws last week, marking another step towards achieving deeper integration within the ASEAN region.
