PM pats GDT chief on back after record tax revenues
Prime Minister has congratulated General Department of Taxation (GDT) chief Kong Vibol on a job well done after the agency last year collected revenues equivalent to 122.54 per cent of the target set by the annual financial management law, in the “highest surplus of all ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-pats-gdt-chief-back-after-record-tax-revenues
E-wallet payments nine times GDP: NBC
E-payment trends in Cambodia have significantly consolidated in recent years as more and more people transition from cash-based to digital transaction options, the National Bank of Cambodia (NBC) reaffirmed in a recent report. ...
May Kunmakara
https://www.phnompenhpost.com/business/e-wallet-payments-nine-times-gdp-nbc
‘Extremist’ groups seeking to sow chaos, Sar Kheng warns
Minister of Interior Sar Kheng appeals to all sides to continue to protect the Kingdom’s hard-won peace, claiming that “extremist” opposition groups are still attempting to sow chaos in society as a means of overthrowing the government. ...
Sok Raksa
https://www.phnompenhpost.com/national/extremist-groups-seeking-sow-chaos-sar-kheng-warns
Tax collection exceeds 22% of plan last year
The General Department of Taxation (GDT) at the Ministry of Economy and Finance collected $3.45 billion as income from taxes in 2022, which is equivalent to 122 percent of the target for the year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501222609/tax-collection-exceeds-22-of-plan-last-year/
Cambodia breaks Guinness world record for largest display of origami hearts
Cambodia’s display of origami hearts was included in the Guinness Book of Records on Tuesday as the world’s largest show of origami hearts, breaking the previous record held by Britain, a Guinness World Records adjudicator announced. ...
Khmer Times Staff
https://www.khmertimeskh.com/501272145/cambodia-breaks-guinness-world-record-for-largest-display-of-origami-hearts/
Serey: Central bank’s MoU with UnionPay not yuan agreement
National Bank of Cambodia deputy governor Chea Serey clarified on July 16 that a recent memorandum of understanding with China’s UnionPay was not an agreement to legalise the Chinese yuan in the Kingdom or the Cambodian riel in China. Rather, it permits mobile payments using ...
Sok Raksa
https://www.phnompenhpost.com/business/serey-central-banks-mou-unionpay-not-yuan-agreement
Spirits high after NBC’s prakas on capital rules
The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...
May Kunmakara |
https://www.phnompenhpost.com/business/spirits-high-after-nbcs-prakas-capital-rules
Central bank's regulations to boost financial resilience in Cambodia
The National Bank of Cambodia (NBC) has announced the enforcement of regulations on capital buffer and on credit risk for capital adequacy ratios (CAR) for banks and deposit-taking microfinance institutions (MFIs). These measures aim to bolster the management of diverse risks, it said. ...
Sok Raksa
https://www.phnompenhpost.com/business/central-banks-regulations-boost-financial-resilience-cambodia
MoU strengthens technical and vocational internships
The Ministry of Labor and Vocational Training, Chamber of Commerce, and employers’ association signed a Memorandum of Understanding (MoU) to promote internship opportunities for vocational and technical training. ...
Kiripost staff writers
https://kiripost.com/stories/mou-strengthens-technical-and-vocational-internships
Cambodia exported 656,000 tonnes of cashew, earning $837 million in revenue in 2023
Cambodia exported $837 million worth of raw cashew nuts in 2023, a year-on-year decrease of 16.9 percent, according to the Cashew Nut Association of Cambodia’s report on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501420104/cambodia-exported-656000-tonnes-of-cashew-earning-837-million-in-revenue-in-2023/
Some 1,300 underprivileged students enroll at NPIC
Since the official launch of the technical and vocational training programme for poor and vulnerable youths last month, some 1,300 young people have enrolled at the National Polytechnic Institute of Cambodia (NPIC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501412958/some-1300-underprivileged-students-enroll-at-npic/
Commerce chamber suggest Hungary open commercial office
The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. ...
Ry Sochan
https://www.phnompenhpost.com/business/commerce-chamber-suggest-hungary-open-commercial-office
Press release on the self-declaration of installation and use of solar power systems
On 5 July 2024, the Electricity Authority of Cambodia issued a press release on the self-declaration of installation and use of solar power systems on thier official social media site.According to the press, the Electricity Authority of Cambodia has appealed to all consumers who have ...
Electricity Authority of Cambodia
Minister urges RRC to speed up rail modernization
The Minister of Public Works and Transport has urged the Royal Railway of Cambodia (RRC) to modernize its operations by investing in advanced safety equipment and contributing to a more sustainable and efficient transportation system, meeting the growing demands of local passengers. ...
Chea Vanyuth
https://www.khmertimeskh.com/501547945/minister-urges-rrc-to-speed-up-rail-modernization/
Despite COVID-19 pandemic, Cambodia created more than 150,000 jobs through 195 new investments
The Minister of Labor and Vocational Training said that even in the context of Covid-19 pandemic, Cambodia received and approved 195 new investment projects and 43 production expansion requests that could create more than 150,000 jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/50995101/despite-covid-19-pandemic-cambodia-created-more-than-150000-jobs-through-195-new-investments/
Businesses know little of the letter of the law
Cambodia entrepreneurs faced considerable problems when it came to obeying tax laws and other regulations, officials at a seminar about that very subject said yesterday. The VDB Loi company organised the seminar on “New Practices and Preferential Trade Rules” with the co-operation of the General Department of Customs and ...
Rights groups warn of tough Telecoms law
Local rights groups have raised major concerns about Cambodia’s sweeping new Telecommunications Law, which gives the government virtually unchecked spying powers and criminalizes any electronic communication deemed to cause “national insecurity.” ...
Zsombor Peter and Anthony Jensen
https://www.cambodiadaily.com/news/rights-groups-warn-of-tough-telecoms-law-109837/
IMF chief pledges continued support to Cambodian reforms
The International Monetary Fund (IMF) Managing Director Christine Lagarde pledged Monday to continue providing technical assistance to Cambodia for financial and fiscal reforms. Speaking during a meeting with Cambodian Economy and Finance Minister Aun Porn Moniroth, Lagarde hailed Cambodia for sound macroeconomic management and fruitful cooperation ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/02/c_132935757.htm
Telcos to form association
Cambodia’s nine phone service operators plan to establish an independent body to debate issues within the industry, according to a statement yesterday from the Telecommunications Regulator of Cambodia (TRC). Forming the Association of Telecommunications Operators in Cambodia, or the ATC for short, was agreed upon in ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/telcos-form-association
New Minister of Foreign Affairs issues five-point plan to implement Cambodia’s foreign policy
The Deputy Prime Minister and new Minister of Foreign Affairs Sok Chenda Sophea, has committed to continue to implement Cambodia’s foreign policy with a five-point plan after taking office at the ministry. ...