Covid boom in staff seen at capital’s SEZ
Public-listed industrial-park operator Phnom Penh SEZ Plc (PPSP) revealed that employment among the 120 tenants of its Royal Group Phnom Penh Special Economic Zone (RGPPSEZ) southwest of the capital’s airport has increased by over 85 percent since 2019, despite the Covid-19 crisis and resulting job ...
May Kunmakara
https://www.phnompenhpost.com/business/covid-boom-staff-seen-capitals-sez
Implementation of new income, salary tax come into effect
All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, ...
Kang Sothear
https://www.khmertimeskh.com/501213229/implementation-of-new-income-salary-tax-come-into-effect/
PP-SR-Poipet Expressway project study agreement inked
The infrastructure construction firm Chinese Road and Bridge Corporation (CRBC) yesterday entered into a framework agreement with the Royal Government of Cambodia (RGC) represented by the Ministry of Public Works and Transport (MPWT) to complete the detailed study on the $4 billion Phnom Penh-Siem Reap-Poipet ...
Kang Sothear
https://www.khmertimeskh.com/501304266/pp-sr-poipet-expressway-project-study-agreement-inked/
PP-Bavet Expressway construction set to begin
The Royal Government of Cambodia (RGC) yesterday signed the Public-Private Partnership (PPP) contract with the Chinese infrastructure construction firm China Road and Bridge Corporation (CRBC) to start the construction of Cambodia’s second expressway project Phnom Penh-Bavet Expressway (PP-Bavet Expressway) worth $1.4 billion early next month. ...
Kang Sothear
https://www.khmertimeskh.com/501292966/pp-bavet-expressway-construction-set-to-begin/
Press release on the decision to expel the Facebook representative from Cambodia and stop all activities
On 30 June 2023, the Ministry of Posts and Telecommunications issued a press release deciding to expel the Facebook representative from Cambodia and stop all activities such as company representation, communication with the Royal Government, and cooperation in the private sector in the Kingdom of ...
Ministry of Posts and Telecommunications
GDT eyes over $4 billion in tax revenue next year, says Vibol
The General Department of Taxation (GDT) is targeting $4.162 billion in 2024, which is a 20 percent increase from the target set for the current year, according to Kong Vibol, Minister Attached to the Prime Minister and Delegate of the Royal Government In-Charge as Director-General ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501407307/gdt-eyes-over-4-billion-in-tax-revenue-next-year-says-vibol/
Gov’t forms working groups to implement public services
Two days after Prime Minister Hun Manet announced a budget of $450 million to upgrade the public services across the nation, the Royal Government of Cambodia (RGC) on Thursday officially kick-started forming working groups across 14 districts in the Capital to effectively buttress the public ...
Nhean Chamrong
https://www.khmertimeskh.com/501438198/govt-forms-working-groups-to-implement-public-services/
Cambodia encourages Australia to do business and investment in high-value-added sectors
Cambodia has encouraged Australian business and investor community to further increase business and investment activities in high-value-added sectors such as agriculture and agro-processing, logistics, e-commerce, and digital technology, considered as priority sectors for economic development of the Royal Government of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501451368/cambodia-encourages-australia-to-do-business-and-investment-in-high-value-added-sectors/
Kingdom raises $58 million from government bond issuance in 2023
The Royal Government of Cambodia has raised $58.26 million in funds through government bond issuance in 2023. As per current regulations, the country can raise bonds for up to $200 million. The current bond issuance takes up 29 percent of the limit. ...
Chea Vanyuth
https://www.khmertimeskh.com/501457942/kingdom-raises-58-million-from-government-bond-issuance-in-2023/
Chinese 'no-strings' loans come at a cost
As government borrowing from China continues to increase, a new study released yesterday showed that Chinese concessional loans carry higher interest than any others. According to the study, released by the NGO Forum on Cambodia at a workshop in Phnom Penh, China’s average interest rate on ...
PPWSA sets an IPO date
Phnom Penh Water Supply Authority aimed to raise US$20.4 million in a long-awaited initial public offering scheduled for mid-April, the company said yesterday during its first pitch to investors. “We’ve targeted trading for the 18th of April,” said Han Kyung-tae, managing director of Tong Yang ...
Cambodian water utility to price IPO on 18 April
Phnom Penh Water Supply Authority is gearing up to price an initial public offering of up to $24 million on 18 April, making it the first stock to be traded on Cambodia’s fledgling stock exchange. Huy Vatharo, an executive director at underwriter Tong Yang Securities, ...
http://www.globalwaterintel.com/news/2012/9/cambodias-water-utility-price-ipo-18-april.html
Two dollar strike to continue
Angkor Beer promoters yesterday rejected an offer from the municipality that would have required them to suspend their strike while officials negotiated a solution for them, telling Phnom Penh’s deputy governor that their protest is legal and that their employer is breaking the law. More ...
Spirited reopening for Anful
Workers at a garment factory that was temporarily shut after more than 200 women collapsed in two mass fainting incidents last week gathered yesterday at the facility in Kampong Speu province for a Buddhist ceremony intended to rid the factory of evil spirits. Pheng Songoun, a ...
http://www.phnompenhpost.com/index.php/2011110152461/National-news/spirited-reopening-for-anful.html
Templeton Cautions Investors Riding Myanmar, Cambodia Growth
Investors should be cautious when pursuing the opportunities for growth present in Myanmar and Cambodia, Southeast Asia’s frontier markets, Templeton Asset Management Ltd. said. In Cambodia, state-owned Phnom Penh Water Supply Authority will have its initial public offering this month, making it the first to ...
Cambodia rejects suspicions reversal on us base upgrade signals plans to host Chinese military assets
Cambodia’s Minister of Defense Tea Banh on Monday dismissed suspicions that his government had reneged on accepting an offer from the U.S. to upgrade buildings at a naval base in Preah Sihanouk province because it plans to host Chinese military assets at the site. In a ...
Joshua Lipes
https://www.rfa.org/english/news/cambodia/base-07012019152820.html
Rice bank buys direct to control prices
The Cambodia Rice Bank (CRB) will intervene to prevent the price of fragrant rice from falling further by offering to buy the staple grain directly from farmers at the market price of 840 riel (21 cents) a kilogram. The CRB also called on farmers to ...
Sok Chan
http://www.khmertimeskh.com/news/29842/rice-bank-buys-direct-to-control-prices/
Radio Station Owner Denies Secession Charges
Independent radio station owner Mam Sonando declared his innocence yesterday at the Phnom Penh Municipal Court where his trial began over his alleged involvement in a secessionist movement in Kratie province. Commenting on organization he founded, the Association of Democrats, Mr. Sonando told the court it was ...
Commodities Prices a Risk, Bank Says
Despite offering an uplifting outlook for Cambodia’s economy this year, economists at the World Bank said yesterday that it could still succumb to volatile commodities prices, particularly food and gas. Speaking to journalists after the release the bank’s East Asia and Pacific Economic Update for 2012, ...
Mobile phones could replace credit cards
Mobile money transfer service WING is preparing to launch a mobile wallet service later this year, and ACLEDA Unity is preparing to expand its own mobile services, enabling people to quickly pay for things just by touching their phone to a point-of-sale terminal. Near-field communications (NFC) ...