Two million tourists to visit Cambodia in 2022
As Cambodia navigates a post-pandemic world, international tourist arrivals lag with 1.5m to 2m tourists predicted for 2022. This is estimated to rise to pre-Covid levels of 7m by 2026. ...
Prak Chan Thul
https://kiripost.com/stories/two-million-tourists-to-visit-cambodia-in-2022
Tax revenue passes target amid money laundering cases
The General Department of Taxation (GTD) of the Ministry of Economy and Finance (MEF) has collected more than $2.94 billion of tax revenue for the period of first 10 months this year, which passes the amount set in the budget law 2022 and increases 26.96 ...
Kang Sothear
https://www.khmertimeskh.com/501186161/tax-revenue-passes-target-amid-money-laundering-cases/
‘Single Portal’ registers 22K firms
A total of 22,713 companies, with cumulative “registered share capital” of $6.40 billion, were approved by the six first-phase agencies and successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of March 6 at 2pm, the Online ...
Hin Pisei
https://www.phnompenhpost.com/business/single-portal-registers-22k-firms
No additional Covid rules for arrivals from China: PM
Cambodia will not follow in other countries’ footsteps in imposing any additional restrictions towards arrivals from mainland China, amid concerns that soaring Covid-19 cases there could drive the emergence of new and potentially more dangerous variants of the novel coronavirus, Prime Minister Hun Sen affirmed ...
Hin Pisei
https://www.phnompenhpost.com/business/no-additional-covid-rules-arrivals-china-pm
Commercial Court could function ‘as early as 2024’: Justice ministry officials
A Ministry of Justice official said that a Commercial Court could be established and put into action as soon as 2024. Addressing the February 2 “AmCham Business Law Conclave: Critical Updates That You Need to Know for 2023” in Phnom Penh, justice ministry secretary of state ...
Orm Bunthoeurn
https://www.phnompenhpost.com/business/commercial-court-could-function-early-2024-justice-ministry-officials
Electronics imports surge one-third on-year: ministry
Cambodia imported $904.3 million worth of “electronics” in 2022 – surging by 33.2 per cent from $678.9 million in 2021 – with the fourth quarter accounting for the lion’s share at 28.61 per cent of the annual total, according to figures from the finance ministry’s ...
Hin Pisei
https://www.phnompenhpost.com/business/electronics-imports-surge-one-third-year-ministry
Footwear exports dip; sector shows signs of recovery
Cambodia netted over $1.2 billion from exporting footwear, gaiters and related articles in the first 11 months of 2023, marking a nearly 23% decrease year-on-year. However, the last few months of 2023 showed signs of gradual improvement, as reported by the General Department of Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/footwear-exports-dip-sector-shows-signs-of-recovery
New $21M NEC building set for Oct 2025 completion
The National Election Committee (NEC) January 2 held a groundbreaking ceremony for its new office building, constructed on land acquired by the government from Kong Korm, a former opposition leader. The site is located on Sothearos Street in Tonle Bassac commune in Phnom Penh’s Chamkarmon ...
Kim Yutharo
https://www.phnompenhpost.com/national/new-21m-nec-building-set-for-oct-2025-completion
Cambodia records 22% rise in air travel
Cambodia’s aviation sector is experiencing a significant uptick in the first half of 2024 with the country’s three international airports handling a combined 3.03 million air passengers from January to June, up 22 percent from 2.48 million recorded in the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501539711/cambodia-records-22-rise-in-air-travel/
Economists contest Moody's downgrades
In the past month, ratings agency Moody’s has downgraded its outlook for two of Cambodia’s largest commercial banks. On September 2, Acleda Bank’s performance outlook went from “stable” to “negative” due to risks associated with rapid credit growth and a drain on local currency by depositors. ...
Workers Protest at Factory Linked to Manhattan SEZ
More than 3,000 factory workers protested yesterday at the Manhattan Quing Dao Textiles Corp in Kompong Cham Province’s Kompong Siem District to demand that the factory owner abide by an Arbitration Council Ruling issued in late 2010, a union representative said yesterday. The factory web site ...
Gov't Opens Rivers to Sand Dredging
Nine companies have put in bids for the rights to dredge the lengths of the Mekong and Tonle Sap rivers and sell the sand for export, Water Resources Ministry officials said yesterday, noting that the dredging would be beneficial in terms of deepening the waterways. ...
Environment Minister Defends Concessions
Environment Minister Mok Mareth yesterday defended the recent surge of economic land concessions granted by his ministry inside the country’s enviornmental conservation areas, saying that they would do more to help the areas than hurt them. Mr Mareth’s comments came while responding to questions at ...
Nation's largest hydropower dam to open
Prime Minister Hun Sen will officially open the Chinese-made Kamchay dam in Kampot province today, the largest hydropower dam to date to operate in Cambodia and capable of supplying an extra 193.2 megawatts of energy. Environmental and human rights groups yesterday criticized the dam’s builder and ...
Living wage a ‘Human Right’
Panellists at the first “Permanent People’s Tribunal” on wages and conditions for Cambodian garment workers yesterday released their findings, declaring that a living wage for workers should be considered a “human right”. The hearing included two days of testimony by workers, labour experts and brand-name buyers. While ...
http://www.phnompenhpost.com/index.php/2012020954412/National-news/living-wage-a-human-right.html
Illegally Logged Rosewood Seized In Kratie Operation
The Kratie Provincial Court yesterday charged a truck driver with illegally collecting and transporting luxury wood after forestry officers last week confiscated 148 pieces of luxury wood totalling 31.2 cubic meters from his truck, which had been transporting the timber along National Road 7 ...
Soybean Prices Increase as Farmers Move Away From Crop
The decreasing amount of farmers harvesting soybeans last year has limited supply and raised prices at the markets roughly 42 percent to 4,000 riel per kg, or about $1, according to an agricultural official and farmers. Cheam Chan Sorphaon, director of the provincial agriculture department in ...
Cambodia Surges Full-Speed Ahead With Land Concessions
The government has already granted roughly 300,000 hectares in economic land concessions (ELC) so far this year, according to data released by a local rights group yesterday. The figure, which amounts to 40 percent of the total land concessions granted in all of 2011, has ...
US Agents Poised to Seize Khmer Statue
Government officials and a representative at Unesco in Phnom Penh yesterday said that Sotheby’s in New York had no right to a 10th-century Khmer statue worth more than $2 million that US federal agents were expected to seize from the auction house today. On Wednesday, New ...
Cycling campaign for Prey Preah Roka starts
Some 10 environmental activists launched the Riding a Bicycle for Prey Preah Roka campaign from November 29 to December 2.203;203; They will ride across 300km from Phnom Penh to Preah Vihear province to promote natural resource protection and conservation amid threats of deforestation in the forestry ...
Voun Dara
https://www.phnompenhpost.com/national/cycling-campaign-prey-preah-roka-starts