With refinery delayed, 100% of Cambodia’s crude oil to be exported
The price of gasoline in Cambodia will not decrease following the country’s ascent to the list of oil-producing nations last month, with 100% of the crude to be exported overseas as construction of an oil refinery remains stalled, officials said.
Tax collections rise in 2020 despite COVID-19 pandemic
Cambodia continued to increase its tax collections in 2020, with revenues rising a modest 4 percent, on account of strong business activity in 2019, a trend that could falter in 2021 due to the COVID-19 pandemic last year.
Kampong Chhnang families decry building of weigh station across their land
Thirty-four families living along National Road 5 in Kampong Chhnang province have called for the government to reconsider the building of a roadside weigh station that blocks the entrance to their homes.
U.S. delays reauthorization of GSP, tariffs now applicable on Cambodian travel goods
The expiration of the United States’ generalized scheme of preference on December 31 would affect importers and buyers of Cambodia’s travel goods until its reauthorization, according to a garment manufacturing trade body.
As Chinese FDI grows, so does Cambodia’s dependency on China, say experts
The Chinese Embassy in Phnom Penh announced a sharp increase in foreign direct investment to the county, which observers say is a reward for Cambodia’s loyalty to its closest ally.
