Yuanta

Coporate News

Chinese firm to build tyre factory in Cambodia

China's General Science Technology is to build a $200mn plant in Cambodia the capacity to produce 6 million passenger car tyres annually, according to the firm announcement. To be located in Sihanoukville Special Economic Zone, the plant is expected to take 15 months to complete and is set for operation in Sep 2022. Once fully operational, the plant will create...

09th June 2021

Coporate News

Haystack Asia acquires 25% stake in Camboticket

Haystack Asia Capital Limited has acquired 25% stake in Camboticket, the foremost online booking platform for buses, ferries and taxis in Cambodia, Laos, Thailand and Vietnam. Camboticket was founded in 2014 with a singular mission to revolutionize Cambodia's inefficient counter booking system and bring its booming travel into the new age of online booking...

07th June 2021

Economy & Industry

Chilli exports up 95% in first five months

Cambodia's fresh chilli export saw a dramatic rise during the first five months of this year, according to the statistics shared recently by Minister of Agriculture, Forestry and Fisheries Veng Sakhon. From January to May 2021, 56,507 tonnes of fresh chillies have been exported...

04th June 2021

Economy & Industry

Mango exports reach nearly 157,000 tonnes in first five months

Cambodia exported in total 156,7234 tonnes of fresh mangoes to international markets during the first five months of this year, according to MAFF. It is a jump by 255% compared to the same period last year, MAFF....

03rd June 2021

Economy & Industry

Cambodia introduces e-commerce tax

Cambodia will require tech companies without a physical presence in the country to pay a 10% value-added tax (VAT) on their sales of digital goods and services, making it the latest country in Southeast Asia to levy charges on recognizable firms like Google, Facebook, Netflix, and AliExpress...

02nd June 2021

Coporate News

Foodpanda to expand to K. Speu province

Food delivery giant Foodpanda has announced its plan to expand into Kampong Speu province, which will mark the 11th Cambodian province in which the company has a presence. Foodpanda is one of the most successful and popular food delivery companies...

01st June 2021

Economy & Industry

Crude palm oil exports up 36% YoY in first five months

Cambodia's exports of crude palm oil reached 19,916 tonnes in the first five months of 2021, an increase of 36% compared to the same period last year, according to data from the Ministry of Agriculture, Forestry, and Fisheries. Favorable weather has been cited as the key factor for the increase in domestic production of palm oil, while the world's largest producers...

27th May 2021

Economy & Industry

Cambodia and S. Korea begin second round of negotiations on FTA

Cambodia and South Korea began on Monday the second round of negotiations on a Free Trade Agreement (FTA) that was held via video conference. Ministry of Commerce (MOC) spokesman Seang Thay said that the talks would mainly address the scope of goods that can enjoy preferential access ....

02nd September 2020

Coporate News

Khmer Fresh Milk to begin full production at its diary farm in Takeo

Khmer Fresh Milk Co, Ltd will begin full production at its new diary farm in Takeo province in late 2020, aiming to contribute to supplying domestic market and reducing dependence on import of milk from abroad. ...

01st September 2020

Economy & Industry

Capital gain tax to come into effect from Jan 2021

The Cambodian government will start implementing capital gains tax collection from January 1 next year, according to the General Department of Taxation (GDT). The capital gains tax will apply to all properities and other capital investments such as leasing, stocks as well as foreign currency, applying to any profits made by transactions within these areas. ...

28th August 2020