Local public-listed river-port operator Phnom Penh autonomous Port (PPaP) reported a sharp decline in business performance in the first five months of the year due to regional and global economic uncertainty brought on by the protracted Ukraine conflict and its effects on demand and inflation. <a href='https://opendevelopmentcambodia.net/news/capitals-river-port-operator-logs-24-decline-in-revenue/ ' class='cambodia-color'>...a>

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 <a href='https://opendevelopmentcambodia.net/announcements/press-release-on-the-decision-to-expel-the-facebook-representative-from-cambodia-and-stop-all-activities/ ' class='cambodia-color'>...a>

The Japan External Trade Organization (JETRO) and Japan aerospace Exploration agency (JaXa) will jointly host a symposium in Cambodia to introduce eight Japanese companies with cutting-edge technologies to local private sector firms and other institutions that work in the development of the country’s agriculture, according <a href='https://opendevelopmentcambodia.net/news/japanese-hi-tech-firms-to-help-develop-agriculture-in-cambodia/ ' class='cambodia-color'>...a>

Japan will provide Cambodia for JPY 1,338 million ($9.7 million) for the implementation of the project for the Establishment of a Nationwide Continuously Operating Reference Station Network, according to Cambodia’s Ministry of Foreign affairs and International Cooperation’s press release and obtained by aKP today. <a href='https://opendevelopmentcambodia.net/news/japan-to-offer-grant-aid-in-support-of-cadastral-surveying-and-land-registration-in-cambodia/ ' class='cambodia-color'>...a>

As FreshwAter Dolphin DAy wAs observed on October 23 in ColombiA, CAmbodiAn officiAls And wildlife conservAtionists expressed their strong commitment to protecting the Mekong IrrAwAddy dolphin through both Art And A scientific ApproAch. <A href='https://opendevelopmentcAmbodiA.net/news/event-boosts-AwAreness-of-plight-of-irrAwAddy-dolphin/ ' clAss='cAmbodiA-color'>...A>

Cambodia and Hungary are moving swiftly to finalise the content of the draft for the Cambodian-Hungarian Joint Committee on Economic Cooperation (JCEC), a significant step towards boosting bilateral trade and investment between the two countries. <a href='https://opendevelopmentcambodia.net/news/economic-and-trade-ties-with-hungary-enhanced/ ' class='cambodia-color'>...a>

Cambodia is set to offer tax incentives for another two years on rubber exports, starting from January 1, 2024, aiming to encourage cultivation and support growers and exporters in the face of declining prices due to a drop in international demand. <a href='https://opendevelopmentcambodia.net/news/cambodia-set-to-continue-export-duty-incentives-in-rubber-sector/ ' class='cambodia-color'>...a>

The court has decided to release Piphup Deimeas Company owner Hy Kimhong on bail although the case has yet to be resolved. amid this, thousands of families who invested in his business are facing serious debt issues and seek a resolution. <a href='https://opendevelopmentcambodia.net/news/tycoon-hy-kimhong-released-on-bail-as-thousands-of-families-continue-to-face-serious-debt-problems/ ' class='cambodia-color'>...a>

Cambodia garnered $62.8 million in e-commerce value-added tax (VaT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the <a href='https://opendevelopmentcambodia.net/news/e-commerce-tax-revenue-surges-through-october/ ' class='cambodia-color'>...a>

The AsiA Development BAnk (ADB) in collAborAtion with the Ministry of Public Works And TrAnsport (MPWT) hAs successfully built A 20-hectAre controlled lAndfill in BAttAmbAng province, Aiming to serve 126,000 people in the community with the cApAcity to remove 100 tonnes of trAsh dAily for <A href='https://opendevelopmentcAmbodiA.net/news/Adb-mpwt-build-6-28-million-lAndfill-project-in-bAttAmbAng-2/ ' clAss='cAmbodiA-color'>...A>

While Cambodia’s economy and borders have now been open for two years following the Covid-19 pandemic, many small businesses continue to face financial hardships amid a global economic slowdown. <a href='https://opendevelopmentcambodia.net/news/street-vendors-continue-to-struggle-to-survive/ ' class='cambodia-color'>...a>

The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. <a href='https://opendevelopmentcambodia.net/news/fintech-playing-key-role-in-financial-inclusion-efforts-2/ ' class='cambodia-color'>...a>

The Belt and Road Initiative (BRI) pioneered by China will not lead the country into a debt trap, Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, said, dismissing the narrative about the adverse effects the BRI <a href='https://opendevelopmentcambodia.net/news/bri-projects-not-to-lead-cambodia-into-debt-trap/ ' class='cambodia-color'>...a>

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 <a href='https://opendevelopmentcambodia.net/news/gdt-eyes-over-4-billion-in-tax-revenue-next-year-says-vibol/ ' class='cambodia-color'>...a>

In a promising sign for conservationists, the Bird Nest Protection Project by the Wildlife Conservation Society (WCS) Cambodia has dramatically boosted the numbers of rare bird nests at Keo Seima Wildlife Sanctuary in Mondulkiri province, hopping from 11 nests in 2018 to an impressive 41 <a href='https://opendevelopmentcambodia.net/news/rare-birds-nests-up-at-mondulkiri-sanctuary/ ' class='cambodia-color'>...a>

The Cambodian women’s basketball team defeated the Lao team with a score of 65-35 in the opening round of the 4th asian Para Games at the Hangzhou Olympic Sports Centre Gymnasium, Hangzhou, People’s Republic of China, on Oct. 19. <a href='https://opendevelopmentcambodia.net/news/cambodian-womens-basketball-team-makes-winning-move-on-first-day-at-4th-asian-para-games/ ' class='cambodia-color'>...a>

EuroCham Cambodia is urging the garment sector to prioritize corporate social responsibility (CSR) in the global market, claiming that while the majority of factories acknowledge its importance, they face challenges, such as a shortage of skilled workers and managers and the need for substantial investments. <a href='https://opendevelopmentcambodia.net/news/the-importance-of-corporate-social-responsibility/ ' class='cambodia-color'>...a>

Cambodia exported $6.45 billion worth of products to the Regional Comprehensive Economic Partnership (RCEP) member countries in the first 10 months of 2023, up 26.5 percent from the same period last year, said a Ministry of Commerce’s report on Tuesday. <a href='https://opendevelopmentcambodia.net/news/cambodias-export-to-other-rcep-members-sharply-up-in-10-months/ ' class='cambodia-color'>...a>

Minister of Industry and Trade Nguyen Hong Dien on December 12 held a working session in Hanoi with Cambodian Minister of Commerce Cham Nimul and Minister of Industry, Science, Technology and Innovation Hem Vanndy, on the occasion of an official visit to Vietnam by Cambodian <a href='https://opendevelopmentcambodia.net/news/vietnam-cambodia-promote-cooperation-in-industry-and-trade/ ' class='cambodia-color'>...a>

Woori Bank, one of South Korea’s leading commercial banks, is set to inject an additional $100 million into its Cambodian operations next year. This “strategic” move is in response to a notable increase in loan demand, aimed at stimulating business activities that slowed during the <a href='https://opendevelopmentcambodia.net/news/woori-bank-30-years-of-rapid-expansion/ ' class='cambodia-color'>...a>