Loan growth risks up for debate
Bank deposits and loans during the first half of this year grew significantly as compared with the same period in 2014, with loans alone increasing over 30 per cent, drawing mixed reactions from industry insiders on the risks of this rapid credit growth. ...
Ananth Baliga
http://www.phnompenhpost.com/business/loan-growth-risks-debate
Ministry, NGOs Meet Over Trafficking Report
Ministry of Interior officials held a closed-door meeting Monday with NGO representatives to contest Cambodia’s recent downgrade on the U.S. State Department’s Global Trafficking in Persons Report, which the ministry will discuss in a meeting with the U.S. Embassy this week. the annual report, released last ...
http://www.cambodiadaily.com/news/ministry-ngos-meet-over-trafficking-report-32932/
MEF and USAID launch transparency initiative
USAID and the US Treasury Office Of Technical Assistance (OTA) have launched a joint initiative with the Ministry Of Economy and Finance (MEF) to improve fiscal transparency and accountability in the management Of public finances, according to a press release issued yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/mef-and-usaid-launch-transparency-initiative
Joint CCC-Matrade agreements
The Cambodia Chamber of Commerce (CCC) will for The first time sign bilateral cooperation agreements with Malaysia’s External Trade Development Corporation (Matrade) to pave The way for businesses in both countries to carry out matching activities, like events and expositions. ...
Sok Chan
http://www.khmertimeskh.com/news/27631/joint-ccc-matrade-agreements/
More money needed to probe thumbprints
A senior Interior Ministry official tasked with investigating the 170,000 thumbprints submitted in support of a CNRP petition to the king said on Thursday he had received samples of the prints but would be unable to proceed with his work without more money. ...
Sek Odom
https://www.cambodiadaily.com/news/more-money-needed-to-probe-thumbprints-113912/
Việt Nam, Cambodia’s bilateral trade surged 30% in 2017
Bilateral trade between Việt Nam and Cambodia last year surged 29.7 per cent against the previous year to nearly US$3.8 billion, the General Department of Customs reported. of the total, Việt Nam’s export turnover to this market was $2.77 billion, rising 26.1 per cent against the ...
Viet Nam News
http://vietnamnews.vn/economy/422484/viet-nam-cambodias-bilateral-trade-surged-30-in-2017.html#q1s8ssWTMd4ceTep.97
Water plan for schools on tap
At nearly half of the Kingdom’s primary schools, students have to make a daily choice between drinking contaminated water or going thirsty, a dilemma the government hopes to soon banish with new minimum sanitation and safe water standards. the guidelines, which have yet to be finalised ...
Laignee Barron
http://www.phnompenhpost.com/national/water-plan-schools-tap
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
Profit-tax revenue leads first half surge
Cambodia’s tax department collected $829 million in tax revenue during the first half of the year, 18 per cent more than during the same period a year earlier, led by surge in profit-tax revenue, according to government data released late on Tuesday. ...
Regulator gears up for mobile pricing showdown
Cambodia’s telecommunications regulator yesterday stepped up efforts to avert a brewing price war between the country’s six mobile network operators, ordering the companies to submit profitability statements within the next 10 days and summoning all operators to a meeting at the end of the month ...
Kali Kotoski
http://www.phnompenhpost.com/business/regulator-gears-mobile-pricing-showdown
New companies registered in Cambodia jump 36 pct in 9 months
Cambodia has issued operating licenses to 3,025 new companies in the first nine months of 2014, up 36 percent over the same period last year, the Ministry of Commerce said on Tuesday. Foreign companies were 1,335, an increase of 20 percent, as local registrations saw a ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141104/new-companies-registered-cambodia-jump-36-pct-9-months
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/
Cambodia sees slowdown in new business numbers in 9 months
The Cambodian Ministry of Commerce said Friday that it had granted operating licenses to 2, 223 new companies in The first nine months of 2013, down 14.6 percent compared with 2,606 new firms over The same period last year. From January to September this year, The ...
Global Times News Staff
http://www.globaltimes.cn/content/821915.shtml#.UnZHp_lgd8E
Tax collection ‘strong’
The government’s tax collection remains strong even during The COVID-19 pandemic, reaching more than $2.25 billion in The first nine months of this year, according to a report by The General Department of Taxation (GDT). ...
Sorn Sarath
https://www.khmertimeskh.com/50772989/tax-collection-strong/
Mass faintings occur at 6 garment factories in Cambodia
At least 127 Cambodian garment workers at six different factories got fainted on Friday due to poor health, a local police chief confirmed. Yim Socheat, police chief of Phnom Penh’s Dangkor district, where the incidents occurred, said the victims had been sent to hospitals soon after ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235570
Cambodia imports construction materials worth 229 mln USD in first 6 months
Cambodia had spent about 229 million U.S. dollars buying construction materials from foreign countries in the first six months of 2014, up 3 percent from 223 million U.S. dollars over the same period last year, a report of the Ministry of Commerce said Tuesday. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140909/cambodia-imports-construction-materials-worth-229-mln-usd-fi
Kingdom exports over 100,000 tonnes of rice to China under sixth MoU
The Cambodian Rice Federation (CRF) said The Kingdom exported more than 100,000 tonnes of rice to China as part of The Sixth Memorandum of Understanding, which provides a quota of 400,000 tonnes rice exports from Cambodia to China. ...
Sok Sithika
https://www.khmertimeskh.com/501037594/kingdom-exports-over-100000-tonnes-of-rice-to-china-under-sixth-mou/
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/
Ethics committee refutes statement by Reporters Without Borders
Club of Cambodian Journalists (CCJ) secretary-general Puy Kea, who is also the speaker of the Information Ministry’s Monitoring Committee for Journalism Ethics told Khmer Times yesterday that the creation of the committee is not to put pressure on print or social media, as Reporters Without Borders ...
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/