Business | CamboJA News

Cambodian Journalists Alliance

A worker pours gasoline into a customer’s motorbike at a gas station in Phnom Penh. Panha Chhorpoan

With refinery delayed, 100% of Cambodia’s crude oil to be exported

14 Jan 2021 7:19 PM|

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 Department statistics showed a modest 4 percent rise in revenue last year, but experts say the pandemic would affect this year’s tax collection. Panha Chhorpoan

Tax collections rise in 2020 despite COVID-19 pandemic

13 Jan 2021 4:51 PM|
Sorn Sarath|

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…

A woman walk pass suitcase shop in Phnom Penh on January 9, 2021. Travel goods exports will be tariffed till the U.S reauthorizes the GSP program. Panha Chhorpoan

U.S. delays reauthorization of GSP, tariffs now applicable on Cambodian travel goods

9 Jan 2021 3:52 PM|
Sorn Sarath|

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,…

The increase in Chinese investments has seen a similar rise in construction companies from China entering the country to build these infrastructure projects. Panha Chhorpoan

As Chinese FDI grows, so does Cambodia’s dependency on China, say experts

7 Jan 2021 3:17 PM|
Sorn Sarath|

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…

A view of oil extraction facilities being operated by KrisEnergy and the Cambodia government in the Gulf of Thailand. KrisEnergy

Cambodia extracts first crude oil from Thai Gulf after years of delays

29 Dec 2020 5:42 PM|
Sorn Sarath|

Cambodia has begun extracting its first crude oil from the Gulf of Thailand – a development that Prime Minister Hun Sen called a “blessing” as…

Fishers in Kandal province sort through and clean “riel”fish, which will be used to produce “prahok,” a popular Cambodian fermented fish paste. Panha Chhorpoan

High costs and low fish catch imperil ‘prahok’ production

23 Dec 2020 4:59 PM|
Sorn Sarath|

The shores of the Tonle Sap River in Kandal province’s Ponhea Leu district are teeming with fisher people, and licensed sales agents, selling the daily…