Indonesia – Recent Google mobility reports show that visits to retail and recreation locations are down 12 percent on pre-pandemic levels. Similar contractions are reported for transit stations (–15 percent) and workplaces (–12 percent). Forecasts for Indonesia agree that 2021 will see a weak recovery followed by a firmer recovery in 2022. Retail sales are reported as falling 16.4 percent in the year to February 2021 after an 11.9 percent drop...

On 19 April 2021, the MLVT issued ‘Instruction 043 concerning the Payment of Wages for Early April (2021) and Additional Allowances for Employees in the Garment, Enterprise, Handicraft and Business sectors during the Phnom Penh and Takmao city lockdowns to prevent the spread of COVID-19’ (“Instruction”).

The Kingdom of Cambodia has transformed into one of the ten fastest-growing economies of the past 20 years. Poverty has sharply fallen from 50% of the population in 2005 to 13.5% in 2014. The World Bank now classifies Cambodia as a lower-middle income economy, no longer a low-income economy as before.

COVID-19 has thrust the world into recession, which as a result akin to a domino effect, has led to rapid and accelerated change. Most notably, industries have pivoted online as we hurtle headlong into an increasingly digitalized society. In response to extended lockdowns, society has become more reliant on technology than it has ever been.

On 27 June 2020, Cambodia implemented two new laws, as follows: (i) the Law on Anti-Money Laundering and Combating the Financing of Terrorism and (ii) the Law on Combating the Financing of Weapons of Mass Destruction Proliferation.

3 December 2020 | 09:00 – 11:30 am (UTC+07:00) | Complimentary DFDL cordially invites you to the upcoming Cambodia Tax on Income Updated Rules 2020 webinar on Thursday, 3 December 2020.

DFDL’s Employment Practice is dedicated to advising clients on employment and labor issues throughout Southeast and South Asia and preparing human resources documentation that is fully compliant with local laws.

Following the promulgation of the E-Commerce Law on 2 November 2019, two significant implementing regulations were recently issued, which set out and the procedures to apply for permits and licenses to operate electronic commerce businesses and the exemptions therefrom:

DRAFT LAW ON GOVERNMENT SECURITIES, dated 4 September 2020 The Draft Law on Government Securities (“Draft Law”) was approved by the Council of Ministers on 4 September 2020, which it would enable the government to utilize a new form of financial instrument, raise domestic financing, diversify the government’s capital portfolio, and primarily cut down external borrowing.

On 31 July 2020, the Royal Government of Cambodia (“RGC”) issued a press release and rolled out ‘Round 5’ of measures aimed at mitigating the impacts of COVID-19 on businesses and workers in Cambodia.