Agriculture sector jolted forwards with tax incentives
A recent announcement from the Ministry of Economy and Finance outlines a preferential tax that benefits businesses in the agriculture sector until 2025, including suspension of minimum tax payments, an exemption from income tax and the obligation to deduct tax on payments for the provision ...
Thang Sinorn
https://kiripost.com/stories/agriculture-sector-jolted-forwards-with-tax-incentives
Tax incentives introduced to encourage informal economy
Under newly implemented regulations, the Royal Government of Cambodia (RGC) has offered various tax incentives for micro, small and medium-sized enterprises (MSMEs) currently operating in the informal economy to properly register their businesses with the Ministry of Commerce (MoC) and the General Department of Taxation ...
James Whitehead
https://www.khmertimeskh.com/501509765/tax-incentives-introduced-to-encourage-informal-economy/
Korean firm plans to invest in Kingdom’s clean energy sector
A delegation from Hyuckjin Energy Plant Engineering, a company that deals with environmentally specialized businesses with high-tech and ecotechnology is keen on converting Cambodia’s waste into clean energy, using about 100 tonnes of waste to create 25 megawatts of electricity per day. ...
Nhean Chamrong
https://www.khmertimeskh.com/501487848/korean-firm-plans-to-invest-in-kingdoms-clean-energy-sector/
Ministry plans to create 250 new model villages by end of seventh mandate in 2028
After the successful establishment of 30 model villages, the Ministry of Rural Development is preparing to collect information on the status of other villages to create an additional 250 by the end of the seventh mandate in 2028, aiming to help develop infrastructure and provide ...
Phak Seangly
https://www.phnompenhpost.com/national/ministry-plans-to-create-250-new-model-villages-by-end-of-seventh-mandate-in-2028
No Power Leads to No Water In Sihanoukville
The water shortage that has led to tens of thousands of households in Sihanoukville without running water for the past week occurred after provincial officials decided to limit power to a water pumping facility operated by the tourist town’s privately-owned distributor, a manager at the ...
http://www.cambodiadaily.com/news/no-power-leads-to-no-water-in-sihanoukville-16858/
K-pop a boon for cosmetics shops
Kim Hyun-joong is looking at you. From a poster outside of a hair salon, from a shop window, in a TV commercial or on local social media sites, the South Korean singer and actor decorates various advertisements in Phnom Penh. But it isn’t just about his ...
http://www.phnompenhpost.com/2013062766507/Business/k-pop-a-boon-for-cosmetics-shops.html
Better Recovery for Construction and Real Estate Sector
2012 has been an impressive year for Cambodia’s economic resilience. Among the many sectors that had positively grown are the construction and property development [sic] and they are expected to be among the highest growth achievers in the current year as well. In 2012, the ...
State borrowing may spike
Cambodia’s draft budget law for 2012 will seek to increase concessional borrowing by about 75 per cent compared to 2011, according to a copy of the draft obtained by the Post. A lack of aid commitment may have led to the increase in proposed borrowing, experts ...
Appeal Court Upholds Guilty Verdict in Land Dispute
The Appeal Court on Tuesday upheld its own previous guilty verdict against a farmer from Kompong Chhnang province for defaming KDC, the agri-business firm owned by Chea Kheng, the wife of Industry, Mines and Energy Minister Suy Sem. Pheng Rom is a member of one ...
Proposed Prey Long Protected Area Shrinks by 20 Percent
The Forestry Administration’s proposal to create a conservation zone for Prey Long, one of Cambodia’s largest remaining primary forests, has been scaled down by more than 20 percent and now covers about 480,000 hectares, an official said. During consultation workshops in Phnom Penh last month, the ...
Kep real estate comes of age
When Dan Kreis, founder, owner and operator of Kep Lodge Eco-Resort, arrived in Kep for the first time in 2005, he found only a handful of locally-owned guesthouses, less than 10 foreign residents, no supermarket, no electricity, no local bar, a coastline littered with little ...
James Whitehead
http://www.phnompenhpost.com/real-estate/kep-real-estate-comes-age
Cambodian Activists Call for International Sugar Boycott
Human rights monitoring groups and Cambodian activists are calling for an international boycott of Tate & Lyle and Domino Sugar, who do business with sugar suppliers accused of participating in government-sanctioned land grabs and illegal evictions throughout rural Cambodia. According to the Cambodian League for the ...
Fit for the future
As Cambodia continues to develop, information technology skills are increasingly in demand, especially as the government seeks to diversify the economy and bring in companies which will need staff with strong high-tech skills. To that end, last month the Royal University of Phnom Penh (RUPP), in cooperation with the Cisco ...
EZECOM and Thai partner interconnect
Thai telecommunications network provider United Information Highway (UIH) and Cambodian internet service provider EZECOM said they established an interconnect agreement last month to offer improved service to customers conducting business with neighbouring countries. “We have UIH as a partner for our connection to Thailand; the connection ...
http://www.phnompenhpost.com/2013021261303/Business/ezecom-and-thai-partner-interconnect.html
Mfone Employees Demand Unpaid Salaries
More than 100 former employees of the bankrupt mobile telephone company Mfone protested outside the firm’s shuttered offices in Phnom Penh yesterday, demanding that they receive salaries for working the month of February despite the company having already gone out of business. Mar Samoeun, 64, ...
Factory Says Buyers Will Go to Burma if Protests Continue
A representative of a factory that produces clothing for international clothing brands H&M, Gap and Levi Strauss warned yesterday that its buyers will place orders elsewhere if the strike for higher wages and benefits in its two factories continues. An official at the American Center for ...
Aun Pheap and Dene-Hern Chen, P. 24
http://www.cambodiadaily.com
Phnom Penh Clerk Charged With Taking $250K
The Phnom Penh Municipal Court yesterday charged one of its own clerks [Kruoch Borath] with breach of trust for taking $250,000 dollars that was paid to the clerk to facilitate a speedy trial without “problems,” officials said. [Another clerk for Judge Lim Meng] Mr. Khen ...
KTH mall to be officially inaugurated
The KTH Premium Power Mall, opposite the Chinese Embassy in Phnom Penh, will be officially inaugurated on March 1 by K Thong Huot Telecom Co (KTH). The 1,200-square-metre mall will focus on international brands of electronic products. A mall representative told the Post the business would cater ...
http://www.phnompenhpost.com/2013022661601/Business/kth-mall-to-be-officially-inaugurated.html
General Accused of Smuggling $1M In Goods
Military police in Preah Sihanouk province said yesterday that they impounded four trucks carrying retail goods worth about $1 million that a lieutenant general in the Royal Cambodian Armed Forces had imported from Thailand without paying tax duty. The unpaid import duty amounted to about ...
CIMB says Local Investors Bring More Franchises to Cambodia
The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized ...