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Strong capital, liquidity in financial services

The National Bank of Cambodia (NBC) has affirmed that commercial banking and finances have strong capital and liquidity although Novel Coronavirus outbreak is hitting the country’s economy. ...

Sok Chan
https://www.khmertimeskh.com/50708404/strong-capital-liquidity-in-financial-services/

Cambodia’s exports earn $13 billion in January-July period

Cambodia exported $13.525 billion worth of goods to international markets in the January-July period of 2023, a year-on-year decrease of 2 percent, a report of the General Department of Customs and Excise showed on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501341450/cambodias-exports-earn-13-billion-in-january-july-period/

Foot-and-mouth affecting cattle

Many cattle in Svay Rieng province’s Svay Chrum and Chantrea districts have fallen ill or died from foot-and-mouth and other diseases over the past few weeks, resulting in the launch of a cattle vaccination campaign. ...

Pech Sotheary
http://www.khmertimeskh.com/news/35232/foot-and-mouth-affecting-cattle/

Foot-and-mouth disease hits cattle

More than 200 cows found with foot-and-mouth disease in two villages of Kampong Cham province’s Sambour Meas commune received medication yesterday, while about 200 others were under observation. ...

Pav Suy
http://www.khmertimeskh.com/5078153/foot-mouth-disease-hits-cattle/

Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year

Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/

ELC earnings underwhelm

The Cambodian government earned about $80 million leasing economic land concessions and forests to private companies over the last three years, according to a report from the Ministry of Economy and Finance released last week. The January report, signed by Prime Minister Hun Sen, found that ...

May Kunmakara
http://www.phnompenhpost.com/business/elc-earnings-underwhelm

Lifespan of ELCs slashed by gov’t

The government has declared leases on plantations will be limited to 50 years, slashing the length of some existing concessions in half, though neither ministry responsible for overseeing the move would confirm the legal basis for doing so.The decision was announced in a press release ...

Taing Vida
http://www.phnompenhpost.com/national/lifespan-elcs-slashed-govt

$20M collected as deadline looms for right-hand-drive tax payments

The General Department of Customs and Excise of Cambodia (GDCE) has collected $19.73 million in levies on previously-untaxed right-hand-drive (RHD) vehicles in the 90 days to October 4, in Phase II of its campaign to get owners of such vehicles to comply with their tax ...

Hin Pisei
https://www.phnompenhpost.com/business/20m-collected-deadline-looms-right-hand-drive-tax-payments

Women’s affairs ministry urges end to ‘misogynistic language’

The Ministry of Women’s Affairs expressed its dismay regarding the use of inappropriate and immoral language on social media by a small number of individuals. It considered these acts as having damaged the honour and dignity of Cambodian women as well as being detrimental to ...

Long Kimmarita
https://www.phnompenhpost.com/national/womens-affairs-ministry-urges-end-misogynistic-language

Shops to close, limit hours

Many restaurants, shops, supermarkets and tourist sites in Phnom Penh and Siem Reap will operate at a limited capacity or close entirely this Sunday as Cambodians line up at voting stations to elect a new government. Despite the closures, Ang Kim Eang, president of the ...

http://www.phnompenhpost.com/business/shops-close-limit-hours

Rice competitiveness a worry

The executive committee of the Cambodia Rice Federation (CRF) will meet with two ministries today to explore the possibility of reducing the logistical and energy costs of transporting rice, a key factor to keeping Cambodian rice exports competitive compared to neighbouring countries, a CRF official ...

Chan Muyhong
http://www.phnompenhpost.com/business/rice-competitiveness-worry

Special tax on QIP rolled back

The Ministry of Economy and Finance last week did away with a special tax on imported products that were being used for re-export, after Japanese businesses said that it undermined their status as Qualified Investment Projects. Under the Qualified Investment Projects (QIP) scheme, firms can ...

Charles Rollet
http://www.phnompenhpost.com/business/special-tax-qip-rolled-back

Rules passed for derivatives

Cambodia has moved to formalise its ill-regulated derivatives sector by launching a key regulation earlier this month.On July 2, the Securities and Exchange Commission of Cambodia (SECC) approved the prakas on the “Licensing and Supervision of Derivative Trading”. ...

May Kunmakara
http://www.phnompenhpost.com/business/rules-passed-derivatives

Salt yields hampered by labour shortages

The Ministry of Industry and Handicrafts is holdings discussions with other ministries to find solutions to some of the challenges salt production faces in the Kingdom, particularly a shortage of labour and adverse weather conditions.​ Ministry spokesman Um Sotha told Khmer Times yesterday that the biggest ...

Chea Vannak
https://www.khmertimeskh.com/50608530/salt-yields-hampered-by-labour-shortages/

The shackles of abuse

The plight of Cambodian migrant maids who suffer abuse by employers in Malaysia is well documented. Less so is the mental damage caused by the overseas trauma, which has led to some returned migrants being chained up by their desperate familiesYoung women who survive abuse ...

May Titthara and Alice Cuddy
http://www.phnompenhpost.com/post-weekend/shackles-abuse

Officials impound eight luxury vehicles to collect unpaid tax

Officials impounded eight luxury vehicles in the past week, including four over the weekend, after the customs department and military police began stopping cars in Phnom Penh looking for vehicles brought into the country without their owners having paid the proper import tax.​ ...

Aun Pheap
https://www.cambodiadaily.com/news/officials-impound-eight-luxury-vehicles-to-collect-unpaid-tax-98237/

Yields from fishing take a dive

Exports of fresh fish and fish products fell significantly during the first nine months of the year, raising concerns about businesses and families operating in the Kingdom’s fisheries sector.Fresh and frozen fish export shipments fell 21 per cent during the first nine months of the ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/yields-fishing-take-dive

Railway residents told to stay calm over expressway

Uncertain residents who have protested the lack of information surrounding a planned elevated toll road linking central Phnom Penh and the airport were yesterday urged to remain calm as authorities work out a “solution” for those affected. ...

Chhay Channyda
http://www.phnompenhpost.com/national/railway-residents-told-stay-calm-over-expressway

Automation key to customs efficiency

Private-sector enterprises urged Cambodia’s Customs Department yesterday to introduce an online application and payment system for shipments, rather than the manual method used currently that eats into time and resources. ...

Sor Chandara
http://www.phnompenhpost.com/business/automation-key-customs-efficiency

Another drought year in store for Cambodia

As the weather pattern known as El Niño threatens to wreak havoc on climatic conditions across the globe, the Cambodian government has warned that higher-than-usual temperatures, which already sparked droughts this year, will cause next year’s rainy season to be even shorter.What’s more, the heat ...

Pech Sotheary
http://www.phnompenhpost.com/national/another-drought-year-store-cambodia

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