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Banking and financial institutions disbursed $44.9 billion in loans, an increase of 23 percent

The National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted ...

Khmer Times Staff
https://www.khmertimeskh.com/50992206/banking-and-financial-institutions-disbursed-44-9-billion-in-loans-an-increase-of-23-percent/

S’ville port handles over $2.2B in imports, exports

The value of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) reached $2.234 billion in 2021, marking a 42.75 per cent rise from $1.565 billion a year earlier, according to a statement released by the operator on January 10. ...

Hin Pisei
https://www.phnompenhpost.com/business/sville-port-handles-over-22b-imports-exports

Rights NGO alleges large-scale land grabs planned in Kampong Speu sanctuary

The environment watchdog Anti-Corruption Natural Resource Protection and Civil Rights Protection Organisation (ACNCIPO) filed a complaint with the Kampong Speu Provincial Administration on March 28 – opposing what they allege is a company’s plan to clear 1,227ha of wildlife sanctuary land in Oral district’s Tasal ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/rights-ngo-alleges-large-scale-land-grabs-planned-kampong-speu-sanctuary

Kingdom successfully hosts 40th ASEANAPOL Conference

Cambodia successfully hosted the 40th ASEAN National Police (ASEANAPOL) Conference and associated events over March 1-5, where member countries, dialogue partners and observers came together in a show of the “spirit of cooperation”. ...

Voun Dara
https://www.phnompenhpost.com/national/kingdom-successfully-hosts-40th-aseanapol-conference

Petrol, diesel rates increased to 5,650, 5,550 riel: ministry

The retail prices of regular-grade petrol and diesel respectively increased by about 0.9 per cent and 2.8 per cent on June 1, according to a notice issued by the Ministry of Commerce. ...

Hom Phanet
https://www.phnompenhpost.com/business/petrol-diesel-rates-increased-5650-5550-riel-ministry

Tax revenue reaches 29% of 2022 goal by end-April

Cambodia earned more than $1.502 billion from tax collection in the first four months of 2022, an increase of over $340 million or 29.36 per cent year-on-year, a feat observers believe reflects recovery and encouraging results from the government’s push started in early November towards ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-reaches-29-2022-goal-end-april

Jan-Mar Canada exports rise 8% as CCC eyes office launch

Cambodia netted $241.41 million from exports to Canada in the first quarter of 2022, marking an 8.1 per cent rise year-on-year from $223.23 million, and accounting for 98.2 per cent of bilateral trade over the period, according to Customs. ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-mar-canada-exports-rise-8-ccc-eyes-office-launch

Minister calling on farmers to get back to fields after Covid

At a meeting with 1,400 people in attendance in Ro-ang commune of Kampong Cham province’s Kampong Siem district on April 30, Minister of Agriculture, Forestry and Fisheries Veng Sakhon advised them to work on recovering their family’s economic prospects by resuming all types of agriculture ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/minister-calling-farmers-get-back-fields-after-covid

A grade grads meeting PM

The Ministry of Education, Youth, and Sport said the more than 1,000 students who earned A grades in last year’s high school examinations are set for their February 2 meeting with Prime Minister Hun Sen. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/grade-grads-meeting-pm

VAT implementation on cigarettes in Cambodia could save thousands of lives

The Cambodian government has implemented a value-added tax (VAT) on cigarettes to combat the health risks associated with smoking and tobacco products. Effective August 1, companies importing and distributing cigarettes in Cambodia must apply a flat rate of 10 percent VAT on all cigarette supplies. ...

Khmer Times Staff
https://www.khmertimeskh.com/501335644/vat-implementation-on-cigarettes-in-cambodia-could-save-thousands-of-lives/

Cambodia-US 8-month trade slips 5%

Exports from Cambodia to the US in the first eight months of 2023 dipped 4.8 per cent to $6.1 billion, compared to the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-us-8-month-trade-slips-5

NEC: 2023 voter registration to kick off in October

The registration of voters for the year 2023 will take place from Oct. 1 to 19 at the communes/Sangkat across the country, announced the National Election Committee (NEC) in a meeting with stakeholders held at the NEC’s headquarters in Phnom Penh this morning. ...

Khmer Times Staff
https://www.khmertimeskh.com/501359279/nec-2023-voter-registration-to-kick-off-in-october/

Online biz registrations surging

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging

Online biz registrations surging

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging

Angkor park sees growth in foreign ticket sales of $23M from Jan-Aug

According to Angkor Enterprise, 498,513 foreign tourists visited the park, which is an increase of 350.9 per cent from the same period in 2022, pushing up ticket revenue by 420 per cent year-on-year to $23.1 million. ...

Hin Pisei
https://phnompenhpost.com/business/angkor-park-sees-growth-foreign-ticket-sales-23m-jan-aug

Cambodia imports oil, gas products worth $2.84 billion in first 9 months

Cambodia imported oil and gas products worth $2.84 billion in the first nine months of 2022, up 66 percent from $1.71 billion in the same period last year, according to a report from the General Department of Customs and Excise on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501166331/cambodia-imports-oil-gas-products-worth-2-84-billion-in-first-9-months/

UNDP donates 31 electric vehicles to ministry

The United Nations Development Program (UNDP) has donated 30 electric motorbikes and​ a car to the Ministry of Public Works and Transport as part of efforts to promote the wide use of electric vehicles (EV) in the country, as four charging stations officially open. ...

Chhorn Raksmey
https://kiripost.com/stories/undp-donates-31-electric-vehicles-to-ministry

SSEZ trade volume hits $2B in 10 months

The volume of imports and exports handled at the Sihanoukville Special Economic Zone (SSEZ) totalled $2.069 billion in the first 10 months of 2022, marking a 17.09 per cent rise year-on-year from $1.767 billion, according to statistics posted by the operator at the weekend. ...

Hin Pisei
https://www.phnompenhpost.com/business/ssez-trade-volume-hits-2b-10-months

Banks, MFIs raise interest rates following Fed move

Many banks and microfinance institutions (MFIs) in Cambodia have increased interest rates for deposits in dollar and riel currency by approximately 0.5 percent and 1 percent per annum respectively but not decreased rates for loans in the last three months, according to senior officials in ...

Kang Sothear
https://www.khmertimeskh.com/501128445/banks-mfis-raise-interest-rates-following-fed-move/

Implementation of new income, salary tax come into effect

All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, ...

Kang Sothear
https://www.khmertimeskh.com/501213229/implementation-of-new-income-salary-tax-come-into-effect/

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