Government will drop export fee starting next year
- CEOCambodiaNews
- Expatriate
- Posts: 62429
- Joined: Sun Oct 12, 2014 5:13 am
- Reputation: 4034
- Location: CEO Newsroom in Phnom Penh, Cambodia
- Contact:
Government will drop export fee starting next year
Wed, 8 November 2017
The Cambodian government will eliminate its export management fee in 2018, incurring an annual loss of $20 million in revenue, in order to stimulate the economy and reduce the cost of doing business in the Kingdom, according to the draft of the 2018 national budget.
The elimination of the fee is expected to encourage investors to enter the market and create job opportunities in Cambodia. It is also meant to lessen the economic burden on garment and footwear industries in the Kingdom, which will be required to pay their workers an increased wage of $170 per month at the beginning of next year.
http://www.phnompenhpost.com/business/g ... -next-year
The Cambodian government will eliminate its export management fee in 2018, incurring an annual loss of $20 million in revenue, in order to stimulate the economy and reduce the cost of doing business in the Kingdom, according to the draft of the 2018 national budget.
The elimination of the fee is expected to encourage investors to enter the market and create job opportunities in Cambodia. It is also meant to lessen the economic burden on garment and footwear industries in the Kingdom, which will be required to pay their workers an increased wage of $170 per month at the beginning of next year.
http://www.phnompenhpost.com/business/g ... -next-year
Join the Cambodia Expats Online Telegram Channel: https://t.me/CambodiaExpatsOnline
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
Facebook
Twitter
YouTube
Instagram
Cambodia Expats Online: Bringing you breaking news from Cambodia before you read it anywhere else!
Have a story or an anonymous news tip for CEO? Need advertising? CONTACT US
Cambodia Expats Online is the most popular community in the country. JOIN TODAY
Follow CEO on social media:
YouTube
- vladimir
- The Pun-isher
- Posts: 6077
- Joined: Mon May 12, 2014 6:51 pm
- Reputation: 185
- Location: The Kremlin
Re: Government will drop export fee starting next year
Wow. Good news!
Jesus loves you...Mexico is great, right?
- chkwoot
- Expatriate
- Posts: 441
- Joined: Thu May 15, 2014 5:03 pm
- Reputation: 135
- Location: is everything
Re: Government will drop export fee starting next year
Now if they would start dropping import fees...then I guess pigs will start sprouting wings. That would be really cool.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 0 Replies
- 1543 Views
-
Last post by CEOCambodiaNews
-
- 2 Replies
- 1854 Views
-
Last post by CEOCambodiaNews
-
- 85 Replies
- 11397 Views
-
Last post by Anchor Moy
-
- 12 Replies
- 3773 Views
-
Last post by Khmer_Risotto
-
- 0 Replies
- 738 Views
-
Last post by Kung-fu Hillbilly
-
- 6 Replies
- 2520 Views
-
Last post by Kammekor
-
- 11 Replies
- 3896 Views
-
Last post by Santrriox
Who is online
Users browsing this forum: No registered users and 103 guests