Vehicle import duty cuts proposed
Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 percent in 2020 from a year ...
Thou Vireak
https://www.phnompenhpost.com/business/vehicle-import-duty-cuts-proposed
Announcement on the retail price of fuel at gasoline stations to be implemented from 16 to 30 April 2021
On 19 April 2021, the Ministry of Commerce released an announcement on the retail price of fuel at gasoline stations to be implemented from 16 to 30 April 2021 based on the average price of fuel on the international market which aims to facilitate people’s ...
Ministry of Commerce
Aquaculture group urges authorities to enforce import rules, ease transport issues
The Cambodian Aquaculturist Association (CAA) on April 19 called on relevant authorities and institutions to enforce compliance with fish-import regulations and facilitate transport for distributors to ensure an adequate market supply of fish to reverse a recent price jump. ...
https://www.phnompenhpost.com/business/aquaculture-group-urges-authorities-enforce-import-rules-ease-transport-issues
https://www.phnompenhpost.com/business/aquaculture-group-urges-authorities-enforce-import-rules-ease-transport-issues
Battambang to buy longan till Sept 13
The Battambang Provincial Administration has said it will continue to buy Ta Ngen and Kra’op (fragrant) longan directly from farmers till September 13, in an extension of a purchasing initiative meant to offset market stresses created by Covid-related export problems. ...
Thou Vireak
https://www.phnompenhpost.com/business/battambang-buy-longan-till-sept-13
Enrollment by course name for Bachelor program
Source: Technical and Vocational Education and Training Statistic 2017-2018, revived from TVET statistic 2017-2018. ...
Siem Reap welcomes new road infrastructure
Thirty eight of Siem Reap province’s key roading infrastructure projects in Siem Reap city have been completed after thirteen months. A large roundabout at Svay Thom market and a new traffic bypass are also planned to reduce traffic congestion in the city, said senior officials. ...
Mao Chanvireak
https://www.khmertimeskh.com/501004496/siem-reap-welcomes-new-road-infrastructure/
Firms enlisted in online VAT drive
The General Department of Taxation (GDT) has said it will work with 49 businesses that provide online services in Cambodia to promote the implementation of value-added tax (VAT) on e-commerce transactions, in a move that responds to the recent boom in the online market. ...
Nov Sivutha
https://www.phnompenhpost.com/business/firms-enlisted-online-vat-drive
Ministry of Education announces funding for scientific research projects for 2023
The Ministry of Education, Youth, and Sports on Aug 7, issued a notification on funding for scientific research projects for 2023 in order to contribute to the promotion of research culture, inspire innovation, and promote innovation in response to the labour market and globalisation. ...
Khmer Times Staff
https://www.khmertimeskh.com/501338993/ministry-of-education-announces-funding-for-scientific-research-projects-for-2023/
Finance minister asking Booyoung Group of S Korea for fintech boost
The finance minister has asked South Korea’s Booyoung Group to invest more in the Cambodian financial-technology (fintech) market, which has seen remarkable growth during Covid-19, as the company’s chairman revealed preliminary plans for a university in the Kingdom focused on fintech and taxation. ...
May Kunmakara
https://www.phnompenhpost.com/business/finance-minister-asking-booyoung-group-s-korea-fintech-boost
Australia partners agri-food strategy
Cambodia and Australia inaugurated a new Food Innovation Partnership on September 22, aimed at assisting agri-food small and medium-sized enterprises (SMEs) in developing products that meet food safety standards and broadening their market reach. ...
Sok Raksa
https://www.phnompenhpost.com/business/australia-partners-agri-food-strategy
Nearly 43% decline in bicycle exports
Cambodia exported bicycles worth $424 million to foreign markets in the first nine months of 2023, a drop of 42.8 percent compared to the same period last year which recorded $742 million, said a Ministry of Commerce’s report yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501375670/nearly-43-decline-in-bicycle-exports/
Livelihoods in Cambodia improve when China-funded rural road projects are completed
For Dul Sarath, a 34-year-old vegetable grower in central Cambodia’s Kampong Tralach district, Kampong Chhnang, a China-funded rural road project has made travel and the transport of produce from farms to town markets easier, saving both time and money. ...
Khmer Times Staff
https://www.khmertimeskh.com/501193088/livelihoods-in-cambodia-improve-when-china-funded-rural-road-projects-are-completed/
USAID partners with private agri-businesses, invests $4M
The United States Agency for International Development (USAID) announced new partnerships with three Cambodian private agricultural companies. More than $4 million will be invested in expanding the economic opportunities and access to domestic and international markets of smallholder farmers. ...
Ry Sochan and Van Socheata
https://www.phnompenhpost.com/national/usaid-partners-private-agri-businesses-invests-4m
New loan agreement standard for financial industry breeds debate
A “Standard of Loan Agreement” for the financial sector is under preparation, and institutions are expected to begin adopting its principles by June. But insiders and observers have expressed differing views on the precise provisions of the instrument, its potential effects on market competition, and ...
Rann Reuy
https://www.phnompenhpost.com/business/new-loan-agreement-standard-financial-industry-breeds-debate
Cambodian T&A industry needs to align product mix as per global trends
Cambodia’s Industrial Transformation Map for Textile and Apparel Industry 2023-2027 (T&A ITM) sees a need for the sector to align its product mix as per global sourcing trends, integrate backwards to reduce dependence on imports and diversify its market mix. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501282182/cambodian-ta-industry-needs-to-align-product-mix-as-per-global-trends/
Banking and Financial Institutions' Code of Conduct, Lending Guidelines go into 'full implementation'
Prominent market players have affirmed that they are on board with the Banking and Financial Institutions’ Code of Conduct (BFI CoC) and associated Lending Guidelines, as well as their underlying objective to drive trust and professionalism in the field, as these sets of rules go ...
May Kunmakara
https://www.phnompenhpost.com/business/banking-and-financial-institutions-code-conduct-lending-guidelines-go-full-implementation
Rubber exports edge up even as prices drop
Cambodia netted $79.370 million from the export of natural rubber latex and wood in the first two months of 2023, marking a slight increase year-on-year, even amid a decline in prices on international markets for the locally-produced white sap, according to the Ministry of Agriculture, ...
Hin Pisei
https://www.phnompenhpost.com/business/rubber-exports-edge-even-prices-drop