Cambodia’s 2021 Minimum Wage: Increased for Textile and Garment Sectors
As of January 1, 2021, Cambodia’s monthly minimum wage rate for regular workers is US$192, an increase from US$190 in 2020.
Cambodia Issues Latest Round of Incentives for Businesses
Cambodia has issued incentives on December 23, 2020, ranging from tax holidays to financial aid for businesses impacted by the pandemic.
Cambodia Launches Digital Currency: Key Features
The National Bank of Cambodia launched its first digital currency, named Bakong, which was co-developed by Japanese fintech firm SORAMITSU.
New RCEP Free Trade Agreement Rules of Origin to Boost Finishing of Products Investment into Cambodia, Laos & Myanmar
The RCEP will help boost foreign investment into ASEAN’s lower-wage countries.
The China-Cambodia FTA to Become Cambodia’s First Bilateral Free Trade Agreement
China and Cambodia signed a free trade agreement (FTA) between the two countries on October 5, 2020.
Cambodia Extends Incentives to Support Private Sector and Economy
Cambodia’s government issued its sixth round of incentives on September 30, 2020, to support the economy and the private sector.
Cambodia Issues Additional Support for Workers and to Revive Economy
Cambodia’s government issued its fifth stimulus package as the country continues to battle the economic impact caused by the COVID-19 pandemic.
New Requirements for Independent Audits in Cambodia to Impact Certain Business Entities
Cambodia’s Minister of Finance and Economy issued a new regulation that sets out the criteria for certain businesses to be independently audited.
Cambodia Eases Financing for Businesses Impacted by COVID-19
Cambodia’s government has issued a variety of new measures to assist businesses impacted by the coronavirus outbreak.
Cambodia Launches New Online Business Registration System
The Cambodian government launched its new online business registration system (Single Portal) on June 15, 2020.