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Gov’t to raise 20% more tax revenue

As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...

May Kunmakara
https://www.phnompenhpost.com/business/govt-raise-20-more-tax-revenue

Revenue, visitors at Angkor temples down again

Visitors to the world-famous Angkor Archaeological Park, Cambodia’s most important tourist draw, were down significantly during the first eleven months of the year.​ According to the latest report from Angkor Enterprise, who manages ticket sales at the temple complex, from January to November, revenue from ...

Chea Vannak
https://www.khmertimeskh.com/50666505/revenue-visitors-at-angkor-temples-down-again/

Officials pumping water into drought-affected rice fields

National Committee for Disaster Management spokesman Keo Vy told The Post on Monday that the drought is taking its toll on more than 10,000ha of rice fields in Battambang and more than 1,000ha in Kampong Cham. He said Prey Veng, Kandal, Takeo, Banteay Meanchey, Tbong Khmum, ...

Khorn Savi
https://www.phnompenhpost.com/national/officials-pumping-water-drought-affected-rice-fields

PP-SHV Expressway on track for completion in early 2023

The construction of the $1.9 billion Phnom Penh-Sihanoukville Expressway, which broke ground at the end of March, is on track to be completed by early 2023, Ministry of Public Works and Transport spokesman Vasim Sorya said on Monday. The 190km high-speed highway linking the capital ...

Hin Pisei
https://www.phnompenhpost.com/business/pp-shv-expressway-track-completion-early-2023

Four Charged in Infantry General's Drug Case

A high-ranking army official, his driver and two others were charged with drug trafficking yesterday following a series of arrests over the weekend and a raid that yielded nearly 5kg of methamphetamine. Questioning of the four by prosecutors at the Phnom Penh Municipal Court finished yesterday ...

Cambodia Import-Export The First Half Year Analysis

Although the Cambodian government has projected Gross Domestic Product (GDP) of around 7 percent this year, a bit higher than come other international financial organizations like the Asian Development Bank (ADB) and the International Monetary Fund (IMF), it does not mean that the country’s projection could not ...

http://www.cambizreview.com/

PM will hand-deliver titles

Prime Minister Hun Sen will personally deliver land titles to residents in Kratie province’s Snuol district on September 21 following the completion of the land measuring mission by volunteer youth there.   According to the premier’s order, land titles have been granted in three forms of ...

http://www.phnompenhpost.com/index.php/2012090558506/National-news/pm-will-hand-deliver-titles.html

Spike in Mekong River Fishing Could Harm Dolphins

There has been an ioncrease in fishing activity in the dolphin conservation zones along the Mekong River in Kratie and Stung Treng provinces, putting pressure on the critically endangered Mekong dolphin population, the chairman of the Commission for Mekong River Dolphin Conservation and Eco-tourism Development said yesterday. Touch ...

Cost pressure squeezes Asian growth

I attended a meeting in Chengdu, Sichuan Province last week. The most frequent word mentioned by local officials and scholars there was “industry.” They are very proud that the number of local jobs created in Sichuan has now surpassed the number of workers leaving to ...

http://www.globaltimes.cn/content/732893.shtml

Two factories hope to list on CSX

The next two stocks to be listed on the Cambodia Securities Exchange will probably be Taiwan-owned garment factories, according to market insiders. The news comes as the lone listed stock on the Cambodia Securities Exchange declined slightly in value during the past month, dropping from an ...

http://www.phnompenhpost.com/index.php/2012091958787/Business/two-factories-hope-to-list-on-csx.html

Bank Collapse Sees Property Up for Grabs

A prime piece of Phnom Penh real estate was put up for auction last week by a South Koran government agency attempting to recoup taxpayers’ money lost during a bank collapse last year. Bids have been made that could see a new development on the site, ...

'Outsiders' Accused of Interference in Sonando Case

The Foreign Affairs Ministry has fired back at criticism over the conviction of independent radio station owner Mam Sonando on insurrection charges, accusing “outsiders” of seeking to interfere in the judicial system. Supporters say the case against Mr. Sonando for allegedly leading an anti-government movement ...

http://www.cambodiadaily.com/outsiders-accused-of-interference-in-sonando-case/

Rice Millers to Increase Capital

Cambodian rice millers will increase their capital to purchase unmilled rice this season as bankers agreed to provide more loans, insiders said on Monday. Baitong will increase its capital to purchase up to 140,000 tonnes of fragrant unmilled rice, compared to last year’s 70,000 tonnes said ...

http://www.phnompenhpost.com/index.php/2012062857068/Business/rice-millers-capital.html

Cambodia Hosts 44th ASEAN Economic Minister Meeting

The 44th economic ministers (AEM) meeting and related meetings will be held from 25 August-1 September, 2012 in Siem Reap province. The ministers will focus on the economic community in 2015 and boost economic council to move forward  because this community is going smoother than other two ...

Mobile Phone Firms Threaten to Sue Mfone

Mobile phone operators Hello Axiata Co. Ltd. and Latelz Co. Ltd. are threatening to take legal action against the Thai-owned firm Mfone for allegedly refusing to pay hundreds of thousands of dollars allegedly owed to them in interconnection fees. In a letter dated October 12 to ...

http://www.cambodiadaily.com/business/mobile-phone-firms-threaten-to-sue-mfone-4811/

Farming implicated in climate change

Food production accounts for almost one third of global greenhouse gas (GHG) emissions, according to a study published last week by the agricultural research organisation CGIAR. Food systems, from growing crops and raising livestock to storage and transportation, contribute 19 to 29 per cent of global ...

http://www.phnompenhpost.com/index.php/2012110559558/Business/farming-implicated-in-climate-change.html

Police reopen OZ, Cochlear bribery cases

THE Australian Federal Police will reopen corruption inquiries into major Australian companies OZ Minerals and Cochlear, after searing criticism that it was lax in its investigations. OZ Minerals will be targeted following discussions with the OECD about the AFP’s previous investigation of alleged foreign ...

http://www.smh.com.au/business/police-reopen-oz-cochlear-bribery-cases-20130112-2cmrt.html

Dozens sentenced in forest-clearing ring

Phnom Penh Municipal Court yesterday sentenced 28 people – including several government officials – to between two and five years in jail on charges of clearing state-protected flooded mangrove forest in Kampong Thom province in July of 2012. Presiding Judge Keo Mony said that Cheath Sivutha, ...

http://www.phnompenhpost.com/2013011860868/National/dozens-sentenced-in-forest-clearing-ring.html

Cassava production dropped in 2012

The area of cassava under cultivation fell by 11.5 per cent across the country this season, while the price of cassava chips remained the same as last season’s price. Officials blamed an unstable price during the previous season (from April to April) for the drop. According ...

http://www.phnompenhpost.com/2013020561173/Business/cassava-production-dropped-in-2012.html

Cambodia business embraces Facebook advertising

With an average of 1,100 additions every day, a new user joins Facebook in Cambodia every two minutes, according to estimates from social media marketing and advertising agency Social Media Plus. Founder of Social Media Plus Anthony Galliano said more and more companies operating in Cambodia ...

http://www.phnompenhpost.com/2013021261301/Business/cambodia-business-embraces-facebook-advertising.html

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