MB to set up commercial bank in Cambodia
The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100 percent-owned bank in Cambodia on the ground of its branch in Phnom Penh. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116192/mb-to-set-up-commercial-bank-in-cambodia/
Gov’t to issue bonds for second time to borrow $50M from investors
The National Bank of Cambodia (NBC) will proceed with another auction process for the Ministry of Economy and Finance (MEF) to borrow about $50 million from investors for the second time of the government’s plan of issuance for a longer period of time of repayment ...
Kang Sothear
https://www.khmertimeskh.com/501154678/govt-to-issue-bonds-for-second-time-to-borrow-50m-from-investors/
PM pats GDT chief on back after record tax revenues
Prime Minister has congratulated General Department of Taxation (GDT) chief Kong Vibol on a job well done after the agency last year collected revenues equivalent to 122.54 per cent of the target set by the annual financial management law, in the “highest surplus of all ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-pats-gdt-chief-back-after-record-tax-revenues
E-wallet payments nine times GDP: NBC
E-payment trends in Cambodia have significantly consolidated in recent years as more and more people transition from cash-based to digital transaction options, the National Bank of Cambodia (NBC) reaffirmed in a recent report. ...
May Kunmakara
https://www.phnompenhpost.com/business/e-wallet-payments-nine-times-gdp-nbc
‘Extremist’ groups seeking to sow chaos, Sar Kheng warns
Minister of Interior Sar Kheng appeals to all sides to continue to protect the Kingdom’s hard-won peace, claiming that “extremist” opposition groups are still attempting to sow chaos in society as a means of overthrowing the government. ...
Sok Raksa
https://www.phnompenhpost.com/national/extremist-groups-seeking-sow-chaos-sar-kheng-warns
Tax collection exceeds 22% of plan last year
The General Department of Taxation (GDT) at the Ministry of Economy and Finance collected $3.45 billion as income from taxes in 2022, which is equivalent to 122 percent of the target for the year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501222609/tax-collection-exceeds-22-of-plan-last-year/
Cambodia breaks Guinness world record for largest display of origami hearts
Cambodia’s display of origami hearts was included in the Guinness Book of Records on Tuesday as the world’s largest show of origami hearts, breaking the previous record held by Britain, a Guinness World Records adjudicator announced. ...
Khmer Times Staff
https://www.khmertimeskh.com/501272145/cambodia-breaks-guinness-world-record-for-largest-display-of-origami-hearts/
Serey: Central bank’s MoU with UnionPay not yuan agreement
National Bank of Cambodia deputy governor Chea Serey clarified on July 16 that a recent memorandum of understanding with China’s UnionPay was not an agreement to legalise the Chinese yuan in the Kingdom or the Cambodian riel in China. Rather, it permits mobile payments using ...
Sok Raksa
https://www.phnompenhpost.com/business/serey-central-banks-mou-unionpay-not-yuan-agreement
MoU strengthens technical and vocational internships
The Ministry of Labor and Vocational Training, Chamber of Commerce, and employers’ association signed a Memorandum of Understanding (MoU) to promote internship opportunities for vocational and technical training. ...
Kiripost staff writers
https://kiripost.com/stories/mou-strengthens-technical-and-vocational-internships
Cambodia exported 656,000 tonnes of cashew, earning $837 million in revenue in 2023
Cambodia exported $837 million worth of raw cashew nuts in 2023, a year-on-year decrease of 16.9 percent, according to the Cashew Nut Association of Cambodia’s report on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501420104/cambodia-exported-656000-tonnes-of-cashew-earning-837-million-in-revenue-in-2023/
New interior ministry HQ inaugurated
The Ministry of Interior’s new headquarters was officially inaugurated by Prime Minister Hun Manet on November 6. The facility was completed in just under two years, at a cost of approximately $60 million. ...
Post Staff
https://www.phnompenhpost.com/national/new-interior-ministry-hq-inaugurated
GDT calls for good tax culture in Cambodia
The General Department of Taxation (GDT) has asked garment, footwear, and travel goods (GFT) manufacturers and exporters to comply with the new tax law and also support promoting a good tax culture in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501403662/gdt-calls-for-good-tax-culture-in-cambodia/
Commerce chamber suggest Hungary open commercial office
The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. ...
Ry Sochan
https://www.phnompenhpost.com/business/commerce-chamber-suggest-hungary-open-commercial-office
Press release on the self-declaration of installation and use of solar power systems
On 5 July 2024, the Electricity Authority of Cambodia issued a press release on the self-declaration of installation and use of solar power systems on thier official social media site.According to the press, the Electricity Authority of Cambodia has appealed to all consumers who have ...
Electricity Authority of Cambodia
Minister urges RRC to speed up rail modernization
The Minister of Public Works and Transport has urged the Royal Railway of Cambodia (RRC) to modernize its operations by investing in advanced safety equipment and contributing to a more sustainable and efficient transportation system, meeting the growing demands of local passengers. ...
Chea Vanyuth
https://www.khmertimeskh.com/501547945/minister-urges-rrc-to-speed-up-rail-modernization/
ACU to police public tender process
Corruption watchdogs yesterday called on the Cambodian government to stamp out corrupt practices within the public procurement process during the first public forum on the Kingdom’s Budget Law. Speaking at the forum at the Ministry of Economy and Finance, Preap Kol, executive director of Transparency International ...
Chan Muyhong
http://www.phnompenhpost.com/business/acu-police-public-tender-process
Press release on the second meeting of inter-ministerial committee to prepare a masterplan to develop Preah Sihanouk province into a model multipurpose special economic zone (SEZ) and discuss the results report of the Preah Sihanouk province masterplan in the second phase
On 14 March 2023, the Ministry of Economy and Finance issued a press release on the second meeting of inter-ministerial committee to prepare a masterplan to develop Preah Sihanouk province into a model multipurpose special economic zone (SEZ) and discuss the results report of the ...
Ministry of Economy and Finance
The 23rd ASEAN lecture on the Kingdom of Cambodia’s ASEAN chairmanship 2022
On 03 January 2022, the Ministry of Foreign Affairs and International Cooperation issued a joint press release on the 23rd ASEAN lecture on the Kingdom of Cambodia’s ASEAN chairmanship 2022. At the invitation of ISEAS, Yusof Ishak Institute, H.E. PRAK Sokhonn, Deputy Prime Minister, Minister ...
Ministry of Foreign Affairs and International Cooperation
IMF chief pledges continued support to Cambodian reforms
The International Monetary Fund (IMF) Managing Director Christine Lagarde pledged Monday to continue providing technical assistance to Cambodia for financial and fiscal reforms. Speaking during a meeting with Cambodian Economy and Finance Minister Aun Porn Moniroth, Lagarde hailed Cambodia for sound macroeconomic management and fruitful cooperation ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/02/c_132935757.htm
Chong Phlas miners ordered to shutdown
Authorities in Mondolkiri province have given more than ten gold mining sites within the Chong Phlas Mining Community 15 days to shut down operations after concluding that they were not following the law. ...
Khy Sovuthy
https://www.khmertimeskh.com/50496723/chong-phlas-miners-ordered-to-shutdown/