Government income beats 2019 target
The government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. ...
Chea Vannak
https://www.khmertimeskh.com/50696032/government-income-beats-2019-target
COVID-19: Gov’t to set up new economic measures
Despite no new cases of COVID-19 reported in Cambodia since January, the government is planning new measures to tackle the financial effect the virus continues to have on the country. ...
Chea Vannak
https://www.khmertimeskh.com/50698578/covid-19-govt-to-set-up-new-economic-measures
Poor families claim land concession sold to others
A group of 160 poor families from the Bunong indigenous community in Mondulkiri province’s Pech Chreada district have filed a complaint against their representative, accusing him of selling land earmarked for them as part of a social land concession. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/poor-families-claim-land-concession-sold-others
1,000 containers with raw material offer relief to Kingdom’s factories
Prime Minister Hun Sen on Saturday announced the arrival of 12 ships containing more than 1,000 containers of raw materials from China at Sihanoukville Autonomous Port to supply struggling garment factories in the Kingdom. ...
China sends more test kits
The Ministry of Health has ramped up its preparation to stem the spread of the deadly Covid-19 disease in the Kingdom thanks to help from the Jack Ma and Alibaba foundations which donated 20,000 test kits to the Kingdom. ...
Ry Sochan
https://www.phnompenhpost.com/national/china-sends-more-test-kits
Gov’t offers tax exemption
The government has issued a three-month minimum tax exemption for the aviation sector and an exemption on all types of monthly taxes for tourism operators, it said in a press release on Tuesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/govt-offers-tax-exemption
Officials to fetch water to Tamao Mountain National Park amid dry season
Many wildlife animals living in the Phnom Tamao National Park and Wildlife Rescue Center is facing the shortage of water during this dry season, yet the officials have fetched water from other places to supply the thirsty animals, according to the Forestry Administration. ...
Khouth Sophak Chakrya
https://bit.ly/2JCWJEe
New GDP prediction is not optimistic
The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...
Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/
Constitutional Council input needed
While the Senate is expected to debate and approve the “State of Emergency” law next week, if it is approved by the National Assembly on Friday, the question remains on who can declare a state of emergency since King Norodom Sihamoni is still in China ...
Ben Sokhean
https://www.khmertimeskh.com/50711147/constitutional-council-input-needed/
Pandemic brings real estate activity to near nil
The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on Wednesday. ...
Hin Pisei
https://www.phnompenhpost.com/post-property/pandemic-brings-real-estate-activity-near-nil
PM mulling emergency as virus cases rise to 96
“I am looking at the possibility in Article 22 of the Constitution to request the King to declare a state of emergency. I don’t want to use it, but if my appeal [to the people] is ineffective, Article 22 of the Constitution will be used. ...
Phuon Chansereivuth and Niem Chheng
https://www.phnompenhpost.com/national/pm-mulling-emergency-virus-cases-rise-96
City bus, water taxi services shut down to prevent spread of coronavirus
The Phnom Penh Municipal Administration today temporarily closed public city bus and water-taxi service linking the northern part of Phnom Penh to Takhmao city in Kandal province via the Mekong River amid the COVID-19 outbreak. ...
Ben Sokhean
https://www.khmertimeskh.com/50706134/city-bus-water-taxi-services-shut-down-to-prevent-spread-of-coronavirus/
MoUs boost finance access for SME’s
The Agriculture and Rural Development Bank (ARDB) has signed Memorandums of Understanding (MoU) with the Cambodia Food Manufacture Association (CFMA) to disburse $50 million in loans from the government to small- and medium-sized enterprises (SME) for business expansion and productivity. ...
Thou Vireak
https://www.phnompenhpost.com/business/mous-boost-finance-access-smes
UNESCO list request could help dolphins
The ministries of Agriculture, Forestry and Fisheries, and Environment, as well as the World Wide Fund for Nature Cambodia (WWF Cambodia), will request the Anlong Kampi Irrawaddy dolphin conservation area in Kratie province be added to UNESCO’s World Heritage List. ...
Voun Dara
https://www.phnompenhpost.com/national/unesco-list-request-could-help-dolphins
Workers waiting for a bargain
Informal workers, a class that Includes beer promoters, tuk tuk drivers and farmers, are among those who stand to benefit most from the upcomIng trade-union law, observers say – and workers say it can’t come soon enough. Dave Welsh, country director of the American Center for ...
MFIs defy typically slow first quarter
Total loans and deposits at the Kingdom’s microfinance institutions jumped in the first quarter of 2012 despite what is typically a slow season for the industry, insiders said yesterday. Loans outstanding reached US$708 million for the period ending on March 31, climbing 9.8 per cent from ...
Local property market best described as ‘flat’
Cambodia’s local property sector has been described as “flat” while condominiums and boreys are tagged to be the hardest hit during the COVID-19 pandemic because the listings will eventually need to be put up for sale under current market prices in the coming months, according ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50728836/local-property-market-best-described-as-flat/
Newest ASEAN fund may be out of reach for Cambodian govt
The ASEAN Infrastructure Fund, the largest poolIng of fInancial resources among Southeast Asia’s 10-member bloc, held its first board meetIng In Manila last week, but the extent to which Cambodia will borrow from the non-concessional fund has yet to be determIned, experts said. ASEAN countries and ...
Oddar Meanchey coal-fired plant 50% complete
Han Seng Coal Mine Co Ltd’s (HSCMC’s) 265MW coal-fired power station in Oddar Meanchey province’s easternmost Trapaing Prasat district is more than 50 per cent complete, with construction expected to be completed next year, provincial governor Pen Kosal said on Tuesday. ...
Hin Pisei
https://www.phnompenhpost.com/business/oddar-meanchey-coal-fired-plant-50-complete
Officials to return from Nauru Refugee Center Monday
A government delegation that traveled to the South Pacific island nation of Nauru last week to study the possibility of resettling in Cambodia some of the refugees Australia is currently holding there will return to Phnom Penh on Monday, a government official said. ...
Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/officials-to-return-from%E2%80%88nauru-refugee-center-monday-76357/