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Deal puts direct flight to Russia on radar

Cambodia and Russia yesterday signed an air transport services agreement that will facilitate direct flights between the countries, according to Russian state news agency TASS.At a signing ceremony in the Peace Palace, representatives from both countries signed the agreement in the presence of Prime Minister ...

Sor Chandara
http://www.phnompenhpost.com/business/deal-puts-direct-flight-russia-radar

Thai bank’s $140M offer to buy Cambodian MFI on hold

Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention ...

Hor Kimsay
http://www.phnompenhpost.com/business/thai-banks-140m-offer-buy-cambodian-mfi-hold

Tax dispute procedures tightened, onus on taxpayer

Having recently disbanded the so-called estimated tax regime, a flexible scheme that reduced the tax obligations of small and medium enterprises, the General Department of Taxation has issued a new prakas aimed at hastening tax audits and the appeals process, but which also increases the ...

Ananth Baliga
http://www.phnompenhpost.com/business/tax-dispute-procedures-tightened-onus-taxpayer

Prakas on tax debt management issued

The Ministry of Economy and Finance on November 20 issued Prakas No 962 SHV BrK on Tax Debt Management. The new prakas sets forth rules and procedures relating to tax debt management and aims to ensure a more efficient, effective and transparent collection process. ...

Thou Vireak
https://www.phnompenhpost.com/business/prakas-tax-debt-management-issued

Survey on garment workers’ lives

The Ministry of Labour and Vocational Training (MLVT) is conducting a survey on garment and other workers’ living conditions and the impact of COVID-19 until July 31. ...

Sorn Sarath
https://www.khmertimeskh.com/50746694/survey-on-garment-workers-lives/

Kep’s tourism marketing plan on its way

Tourism marketing plan 2020-2024 is on its way to transform the coastal Kep province into an attractive high-end leisure destination in Cambodia. The optimism was floated following a meeting held in the provincial city yesterday to review the long-term marketing plan chaired by Som Piseth, ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50750089/keps-tourism-marketing-plan-on-its-way/

Ministry works on plan to win in trade

Ministry of Commerce officials are combing over a list of nine products, commodities, services and incentives to develop a trade strategy that maximises the benefits of the newly-inked free trade agreement (FTA) with China. ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-works-plan-win-trade

PPCBank pays coupon interest on second bond

South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) announced a first coupon payout to investors in its second bond despite unrest in the Cambodian economy fuelled by the spread of the Covid-19 pandemic. ...

May Kunmakara
https://www.phnompenhpost.com/business/ppcbank-pays-coupon-interest-second-bond

MAFF, CFIU to exchange information on Money Laundering and Terrorism Financing

The Ministry of Agriculture, Forestry and Fisheries (MAFF) and Cambodia Financial Intelligence Unit (CFIU) of the National Bank of Cambodia will cooperate on information exchange related to money laundering and terrorism financing in the field of agriculture. ...

Khmer Times Staff
https://www.khmertimeskh.com/50915736/maff-cfiu-to-exchange-information-on-money-laundering-and-terrorism-financing/

Gov’t spent more than $570 million on IDpoor

Ministry of Social Affairs announced yesterday that the government has spent more than $570 million to provide cash assistance to poor families suffering from the Covid-19 pandemic from June 25, 2020 to September 24 this year. ...

Sen David
https://www.khmertimeskh.com/50959640/govt-spent-more-than-570-million-on-idpoor/

Kampong Chhnang set to address locals’ problems head-on

Kampong Chhnang provincial governor Sun Sovannarith has vowed to provide local people with solutions to problems through community visits by relevant authorities from this month onwards. Residents will no longer have to spend time and money travelling to district or provincial authorities for answers, he ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/kampong-chhnang-set-address-locals-problems-head

U.S. embassy calls for proposal on cultural preservation grants

The U.S. Embassy in Phnom Penh and the Bureau of Educational and Cultural Affairs at the U.S. Department of State have called for proposals for the Ambassadors Fund for Cultural Preservation (AFCP) Grants Programme. ...

Khmer Times Staff
https://www.khmertimeskh.com/964586/u-s-embassy-calls-for-proposal-on-cultural-preservation-grants/

Minister of Education vows to reduce COVID-19 impact on education system

The Minister of Education, Youth and Sports has stated that Cambodia is working to reduce the impact of Covid-19 on the education system by shifting to a multidisciplinary approach in the education system. ...

Khmer Times Staff
https://www.khmertimeskh.com/501012722/minister-of-education-vows-to-reduce-covid-19-on-education-system/

City tightens rules on Lunar New Year

Phnom Penh municipal governor Khuong Sreng has announced strict measures for Lunar New Year celebrations from January 31 to February 3. ...

Mom Kunthear
https://www.phnompenhpost.com/national/city-tightens-rules-lunar-new-year

K Cham on track to provide 100% electricity in province

A Kampong Cham Provincial Administration committee to provide electricity for all villages across the province by 2025 has announced there are only two more villages in rural areas that don’t have electricity because there is no investor interested to work on them. ...

Chhun Sunly
https://www.khmertimeskh.com/501017411/k-cham-on-track-to-provide-100-electricity-in-province/

Draft on Amendment of Article 140 approved

The Council of Ministers on Friday approved the Draft Law on the Amendment of Article 140 of the Law on Capital, Province, Municipality, District and Khan Administration. ...

Khmer Times Staff
https://www.khmertimeskh.com/501051321/draft-on-amendment-of-article-140-approved/

Fresh focus on fisheries enforcement

On the orders of Prime Minister Hun Sen, provincial authorities in the provinces around the TOnle Sap Lake have made more than 10 arrests during an operatiOn focused On enforcing fishing laws.  ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/fresh-focus-fisheries-enforcement

Weddings, festivals and other ceremonies banned on streets during election campaign

People hoping to hold weddings or other celebration and events on the streets of Daun Penh District will have to postpone them after the authorities banned any from taking place during election campaigns. ...

Khmer Times Staff
https://www.khmertimeskh.com/501079052/weddings-festivals-and-other-ceremonies-banned-on-streets-during-election-campaign/

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