Gov’t extends tax holiday for tourism sector
The Cambodian government has announced two months more of tax exemptions for tourism-based businesses in the hope of easing the burden during the pandemic. The extension was announced during the fifth round of COVID-19 economic measures last week as the Ministry of Tourism begins developing ...
Sorn Sarath
https://www.khmertimeskh.com/50750936/govt-extends-tax-holiday-for-tourism-sector/
Ministry speeding up draft port law
The Ministry of Public Works and Transport has convened a meeting to discuss the speeding up of the draft port law. The law is expected to play a crucial role in management and development of port, promotion of national and international trade, order maintenance, facilitation ...
Lim Nary/AKP
https://www.khmertimeskh.com/50773840/ministry-speeding-up-draft-port-law/
NBC auctions $50 million
The National Bank of Cambodia (NBC) has announced a $50 million auction this week to stabilise the local currency exchange rate in the market. The NBC has informed banks, microfinance institutions (MFIs) and licensed money exchangers that the minimum rate for auction will be announced ...
Sorn Sarath
https://www.khmertimeskh.com/50775257/nbc-auctions-50-million/
Kingdom’s garment-related exports down 9 percent January to October
Cambodia’s exports in clothes, footwear and travel goods were down 9 percent for the first 10 months of the year measured against 2019 year-to-date (YTD) figures, according to data from the General Department of Customs and Excise (GDCE). The total value of these export products ...
Customs duty cuts set for Jan 1
The government has decided to slash customs tariff rates and special tariffs on some imported goods and raw materials in a bid to lift investor sentiment out of the Covid-19 doldrums. Prime Minister Hun Sen on December signed a sub-decree to this end, which will go ...
Thou Vireak
https://www.phnompenhpost.com/business/customs-duty-cuts-set-jan-1
UK grants GSP status to Cambodia effective 2021
Cambodia’s exports see new light with the granted duty-free and quota-free access to the markets in the United Kingdom, commencing 2021. Sok Sopheak, Secretary of State at the Ministry of Commerce shared that Cambodia will discuss with the UK counterpart on the import and export ...
Lim Nary/AKP
https://www.khmertimeskh.com/50791084/uk-grants-gsp-status-to-cambodia-effective-2021/
A $7.8 million garment factory project approved by CDC
Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province. According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50804809/a-7-8-million-garment-factory-project-approved-by-cdc/
Another new investment project approved by CDC
According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50803937/another-new-investment-project-approved-by-cdc/
Red corn prices enjoy surge on demand for domestic feed
Prices of red corn have reportedly seen modest rises on surging demand for domestic feed production as the harvest season nears its end. in northwestern provinces, red corn is typically harvested twice a year between late June and August and then again between late October ...
Hin Pisei
https://www.phnompenhpost.com/business/red-corn-prices-enjoy-surge-demand-domestic-feed
Thai-Cambodia 2020 bilateral trade below goal by 50 percent
Bilateral trade between Cambodia and Thailand for 2020 reached only half of the $15 billion target set by the two governments in 2015. Those targets had set a goal of tripling two-way trade. Two-way trade between the two nations was valued at $7.236 billion last ...
Chea Vanyuth
https://www.khmertimeskh.com/50807076/thai-cambodia-2020-bilateral-trade-below-goal-by-50-percent/
CRF head asks city hall to ease market circulation of rice
A prominent rice industry representative on April 19 asked the Phnom Penh authorities to loosen constraints on the movement of milled rice within restricted areas in the capital and adjacent Takmao town, amid a two-week lockdown that has been imposed to contain the current spread ...
May Kunmakara
https://www.phnompenhpost.com/business/crf-head-asks-city-hall-ease-market-circulation-rice
Over 200 factories suspended, 1,673 workers test positive
A total of 206 factories have now been temporarily closed due to the ongoing Covid-19 community outbreak, with 1,673 workers known to have contracted the virus and over 17,000 additional workers currently isolated in quarantine, according to Ministry of Labour and Vocational Training spokesperson Heng ...
Long Kimmarita
https://www.phnompenhpost.com/national/over-200-factories-suspended-1673-workers-test-positive
Oddar Meanchey coal power plant set for next year
A 265MW coal-fired power plant in Oddar Meanchey province is scheduled to begin operations early next year as construction of the plant’s infrastructure and transmission line connecting to East Siem Reap Substation nears completion, according to deputy provincial governor Di Rado. ...
Hin Pisei
https://www.phnompenhpost.com/business/oddar-meanchey-coal-power-plant-set-next-year
Cambodia expects China, RCEP to help boost economic recovery
Amid the raging COVID-19 pandemic, Cambodia’s economy in 2020 registered its slowest growth since 1994. However, the country’s growth is projected to rebound this year, thanks to its newly-signed bilateral free trade agreement with China and the Regional Comprehensive Economic Partnership (RCEP). ...
Khmer Times Staff
https://www.khmertimeskh.com/50847787/cambodia-expects-china-rcep-to-help-boost-economic-recovery/
Kingdom’s oil dreams live on even after driller files for liquidation
KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdoms-oil-dreams-live-even-after-driller-files-liquidation
Phnom Penh-Sihanoukville expressway 51% complete
The construction of the nearly $2 billion Phnom Penh-Sihanoukville Expressway is 51.35 per cent complete and is expected to be finished in 2023, according to Ministry of Public Works and Transport secretary of state Vasim Sorya. ...
Thou Vireak
https://www.phnompenhpost.com/business/phnom-penh-sihanoukville-expressway-51-complete
Researchers discover rare, endangered southern serow
Researchers from the Ministry of Environment have detected the Southern Serow (Capricornis sumatraensis) in protected areas by capturing it image on automatic cameras. The animal is a rare species and is listed on the IUCN Red List as globally endangered. ...
Voun Dara
https://phnompenhpost.com/national/researchers-discover-rare-endangered-southern-serow
Right-hand drive vehicles no longer allowed after June 2022
A senior official at the Council of Ministers warned owners of right-hand drive vehicles that they must change their vehicles over to left-hand drive by June, 2022, or risk having them seized and destroyed. He also noted that beginning in 2021 all privately owned vehicles ...
Lay Samean
https://www.phnompenhpost.com/national/right-hand-drive-vehicles-no-longer-allowed-after-june-2022
New 30,000-riel bill to mark 1991 Paris Peace Agreements
Cambodia is set to release a new 30,000-riel banknote to commemorate the 30th anniversary of the 1991 Paris Peace Agreements, signed on October 23, and the return of the late King Father Norodom Sihanouk to the Kingdom after spending most of the two decades prior ...
Nov Sivutha
https://www.phnompenhpost.com/business/new-30000-riel-bill-mark-1991-paris-peace-agreements
Senate okays ‘dual citizen’ edits
The Senate on November 2 unanimously approved the draft amendments to several articles of the Constitution mandating single-citizenship for holders of the top four national institutions. According to the press statement released after its session, a total of 57 out of 62 Senators were present ...
Voun Dara
https://www.phnompenhpost.com/national/senate-okays-dual-citizen-edits