Cambodia collects close to $1.9 billion in fiscal revenue in first seven months
The General Department of Taxation (GDT) collected 7,605.46 billion Riel (approximately $1,877.89 million) as tax revenue in the first seven months of this year, a 9.6 percent increase compared to the same period last year. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50755254/cambodia-collects-close-to-1-9-billion-in-fiscal-revenue-in-first-seven-months/
‘Professional’ journalists get Covid reporting award
The Club of Cambodian Journalists (CCJ) bestowed awards on five journalists for their Covid-19 reporting at a ceremony on Monday. Sao Sok Eng, a journalist from thmeythmey.com, took home the top prize. Mao Samnang, from the TV station PNN, came in second. Mom Kunthear, a former ...
Mom Kunthear
https://www.phnompenhpost.com/national/professional-journalists-get-covid-reporting-award
Prolonged VAT exemptions to benefit farmers
As revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. ...
Thou Vireak
https://www.phnompenhpost.com/business/prolonged-vat-exemptions-benefit-farmers
Cambodia adopts ASEAN service for customs clearance
Cambodian importers and exporters can now apply for ASEAN Customs Declaration Documents (ACDD) electronically through the ASEAN Single Window (ASW), the General Department of Customs and Excise of Cambodia (GDCE) said on December 24. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-adopts-asean-service-customs-clearance
Japan to assist in Cambodian customs clearance automation
The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process. ...
Jason Boken
https://www.khmertimeskh.com/50804464/japan-to-assist-in-cambodian-customs-clearance-automation/
Tax cuts and exemptions extended
Tax cuts and exemptions will be extended to help companies and unemployed workers better weather the ongoing effects of the COVID-19 pandemic, according a statement issued last week by the government. ...
Jason Boken
https://www.khmertimeskh.com/50797743/tax-cuts-and-exemptions-extended-2/
Property owners told to pay tax through new app
The General Department of Taxation (GDT) has told all property owners to pay their taxes using the GDT Taxpayer App, which saves them the trouble of having to go there in person. ...
Long Kimmarita
https://www.phnompenhpost.com/national/property-owners-told-pay-tax-through-new-app
Trade chambers ask GDT to delay income-tax date
Nine international business chambers have called on the General Department of Taxation (GDT) to extend the deadline for filing tax on income for fiscal year 2020 past March 31 in light of economic pressure caused by the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/trade-chambers-ask-gdt-delay-income-tax-date
Economic diplomacy strategies prioritised
Minister of Foreign Affairs and International Cooperation Prak Sokhonn on January 18 announced the launch of the “Economic Diplomacy Strategy (EDS) for 2021-2023” as a framework for future Diplomatic and cultural initiatives. Sokhonn also unveiled a collection of traditional recipes dubbed The Taste of Angkor. ...
Niem Chheng
https://www.phnompenhpost.com/national/economic-diplomacy-strategies-prioritised
Cambodia’s population hits 15.5M: Latest census
The National Committee for the General Population Census announced on January 26 that the Cambodian population had risen to 15.5 million, an increase of 16 per cent from the 2008 census figure of 13.4 million people. ...
Voun Dara
https://www.phnompenhpost.com/national/cambodias-population-hits-155m-latest-census
Special tariffs cut to boost auto sales
From early next month, the special tariffs on imported family vehicles will be reduced by 10 to 25 percent according to engine size, according to an announcement from the General Department of Custom and Excise. ...
Sok Chan
https://www.khmertimeskh.com/50816772/special-tariffs-cut-to-boost-auto-sales/
Two new investment projects approved by CDC
The Council for the Development of Cambodia (CDC) has issued investment certificates to Fu Bi Xing (Cambodia) Packaging Co., Ltd and Sheng He Leisure Bag (Cambodia) Co., Ltd for the production of travel bags and goods in the Kingdom. ...
Gareth Johnson
https://www.khmertimeskh.com/50864368/two-new-investment-projects-approved-by-cdc/
Development council approves electric bike plant and rain gear investments
The Council for the Development of Cambodia (CDC) yesterday approved two new projects worth $5.6 million that will create nearly 1,500 new jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/50849071/development-council-approves-electric-bike-plant-and-rain-gear-investments/
Remittances fall 17% to $1.2B in 2020: NBC data
Cambodia received $1.2 billion in remittances from migrant workers abroad last year, marking a sharp 17 per cent drop from $1.5 billion in 2019, the National Bank of Cambodia reported. ...
May Kunmakara
https://www.phnompenhpost.com/business/remittances-fall-17-12b-2020-nbc-data
Seven more financial institutions join CGCC
Seven financial institutions (FI) on June 29 signed a credit guarantee agreement with government-owned Credit Guarantee Corporation of Cambodia (CGCC) to provide more business loans in an effort to contribute to economic activities amid the ongoing Covid-19 health crisis. ...
May Kunmakara
https://www.phnompenhpost.com/business/seven-more-financial-institutions-join-cgcc
Global economic rebound to lift Cambodia’s export and investment
The National Bank of Cambodia (NBC)’s Governor Chea Chanto has said that the global economic recovery will support Cambodia’s export and investment sectors, reinforcing its position as a pillar of support for relevant sectors, to boost the national economy into positive growth and sow the ...
Khmer Times Staff
https://www.khmertimeskh.com/50901911/global-economic-rebound-to-lift-cambodias-export-and-investment/
Cambodia has close to $21 billion in international reserves, securing macroeconomic stability
Cambodia’s international reserves remain as high as $20.8 billion, while the banking sector stays healthy amid the threat of COVID-19 pandemic. ...
Khmer Times Staff
https://www.khmertimeskh.com/50903507/cambodia-has-close-to-21-billion-in-international-reserves-securing-macroeconomic-stability/
GDT and Japanese embassy hosts virtual discussion with investors
The General Department of Taxation at the Ministry of Economy and Finance and Japanese Embassy to Cambodia held a virtual discussion Monday in conjunction with the Japanese embassy on tax considerations for Japanese investors. ...
Chea Vanyuth
https://www.khmertimeskh.com/50908193/gdt-and-japanese-embassy-hosts-virtual-discussion-with-investors/
$5 mil grant by MVL Foundation for education development
MVL Foundation Limited has allocated a $5 million grant for the development of education, the establishment of schools, and charity in Cambodia. ...
Sen David
https://www.khmertimeskh.com/50916444/5-mil-grant-by-mvl-foundation-for-education-development/
NBC: Financial institutions in H1 restructure $5.5 billion in loans
The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National Bank ...
Thou Vireak
https://phnompenhpost.com/business/nbc-financial-institutions-h1-restructure-55-billion-loans