Cabinet okays $8B for 2022 gov’t spending
The Cabinet on October 22 gave the nod to a draft budget of $8.013 billion for public spending in 2022, an increase of 6.8 per cent year-on-year, in a move expected to help power a prompt economic recovery as the Kingdom emerges from the ravages ...
Hin Pisei
https://www.phnompenhpost.com/business/cabinet-okays-8b-2022-govt-spending
CDC okays three textile-linked projects worth $19M
The Council for the Development of Cambodia (CDC) on April 29 announced that it had greenlit final registration certificates for three projects in textile-linked sectors with total capital investment of nearly $19 million that are expected to create 2,005 jobs. ...
Hom Phanet
https://www.phnompenhpost.com/business/cdc-okays-three-textile-linked-projects-worth-19m
Techo Sen Institute, Chang’an University sign MoU on infrastructure development cooperation and training
Techo Sen Institute of Public Works and Transport and China’s Chang’an University have reached a memorandum of understanding on technical cooperation of road construction and infrastructure development. ...
Khmer Times Staff
https://www.khmertimeskh.com/501095916/techo-sen-institute-changan-university-sign-mou-on-infrastructure-development-cooperation-and-training/
Cambodia, Laos launch KHQR-LAOQR cross-border payments
The National Bank of Cambodia (NBC) and Bank of the Lao PDR (BOL) on Friday launched the cross-border payment via QR Code in Laos in the first phase, said a statement. ...
Kang Sothear
https://www.khmertimeskh.com/501345965/cambodia-laos-launch-khqr-laoqr-cross-border-payments/
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Cambodia-Oz trade dips 8.5%
Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-trade-dips-85
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Cambodia, China to sign 6 more MoUs to enhance investment cooperation
The Council for the Development of Cambodia (CDC) and China’s ministry of commerce are expected to sign six more memoranda of understanding (MoUs) to enhance comprehensive investment cooperation that covers the promotion of investment in the digital sector, new types of industrialisation, green development and ...
Khmer Times Staff
https://www.khmertimeskh.com/501358251/cambodia-china-to-sign-6-more-mous-to-enhance-investment-cooperation/
U.S. repatriates 27 looted cultural artifacts to Cambodia in handover ceremony
U.S. Assistant Secretary of state for East Asian and Pacific Affairs Daniel J. Kritenbrink, U.S. Ambassador to Cambodia W. Patrick Murphy, and Cambodian Minister of Culture and Fine Arts Phoeurng Sackona celebrated the repatriation of 27 looted artifacts to Cambodia at the National Museum today. ...
Khmer Times Staff
https://www.khmertimeskh.com/501113232/u-s-repatriates-27-looted-cultural-artifacts-to-cambodia-in-handover-ceremony/
Key lenders agree to ease loan terms for flood victims
Members of Cambodia’s apex bodies of the banking and microfinance industries have agreed to ease restrictions on loan repayments, reduce interest rates, as well as restructure loans for customers deemed to be significantly affected by the heavy rains and floods that have swept the Kingdom ...
May Kunmakara
https://www.phnompenhpost.com/business/key-lenders-agree-ease-loan-terms-flood-victims
Central bank poised to auction off 90B riel on July 25
The National Bank of Cambodia (NBC) is set to hold its 134th liquidity-provided collateralised operation (LPCO) on July 25, making 90 billion riel ($22 million) available to local financial institutions in need of liquidity, through an auction to buy US dollars. ...
May Kunmakara
https://www.phnompenhpost.com/business/central-bank-poised-auction-90b-riel-july-25
Jan-Apr rubbers exports bounce up 38%: GDCE
Cambodia earned $206.728 million from the export of “rubber and articles thereof” in the first four months of 2023, up 38.0 per cent year-on-year from $149.808 million and up 22.7 per cent half-on-half (compared to July-October 2022) from $168.5 million, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-apr-rubbers-exports-bounce-38-gdce
Investment projects promise almost 80K new job opportunities
The Council for the Development of Cambodia (CDC) notices issued in the January-May period reveal that the government agency approved 61 new private investment projects – both inside and outside of special economic zones (SEZ) – totalling $516.64 million and set to deliver an estimated ...
Hin Pisei
https://www.phnompenhpost.com/business/investment-projects-promise-almost-80k-new-job-opportunities
Expanding investment networks: Cambodia-UAE forum set for ‘24
The Council for the Development of Cambodia (CDC) and the Cambodia Chamber of Commerce (CCC) have scheduled a private sector forum between Cambodia and the United Arab Emirates for the first quarter of next year. ...
Van Socheata
https://www.phnompenhpost.com/national/expanding-investment-networks-cambodia-uae-forum-set-for-24
Cart Tire revving up to raise capital investment to $700M
A Chinese car tyre manufacturer is planning to increase its investment in Cambodia by raising its capital to approximately $700 million, in a move aimed at enhancing production capacity and expanding exports to additional international markets. ...
Hin Pisei
https://www.phnompenhpost.com/business/cart-tire-revving-up-to-raise-capital-investment-to-700m
Footwear export revenue sees decline
Cambodia’s export revenue from footwear and related products reached nearly $1 billion in the first nine months of 2023, marking a 25.1% decline from the $1.32 billion recorded during the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/footwear-export-revenue-sees-decline
Digital system boosts business registrations
Over 31,000 businesses, boasting a combined capital exceeding $8.9 billion, have successfully completed their registration through the Online Business Registration System (OBRS) via its IT Platform phase 1. ...
Hin Pisei
https://www.phnompenhpost.com/business/digital-system-boosts-business-registrations
Chinese investors lead with nearly $400 million in July investment
The Chinese topped Cambodia’s list of leading financiers in July, taking part in 44 new and expansion investment projects, with many in the garment sector. ...
Niem Chheng
https://www.phnompenhpost.com/business/chinese-investors-lead-with-nearly-400-million-in-july-investment
Judicial laws put independence of courts in jeopardy
Three constitutionally mandated judicial laws would adversely affect the independence of the courts if they are passed in their current draft state, legal experts warned on Friday. Draft versions of the Law on the Organization and Functioning of the Supreme Council of the Magistracy, the Law ...
Lauren Crothers
http://www.cambodiadaily.com/news/judicial-laws-put-independence-of-courts-in-jeopardy-58942/
Oz an example for mining reform
Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate. Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of ...
Eddie Morton
http://www.phnompenhpost.com/business/oz-example-mining-reform