Tax revenue continues to surge
The General Department of Taxation (GDT) collected almost $212.49 million in tax revenue in the first two months of this year, up 14.49 percent over the same period last year, thanks to strong growth across all segments, according to official data. ...
Sum Manet
http://www.khmertimeskh.com/news/22733/tax-revenue-continues-to-surge/
Minister to be grilled on sand export discrepancy
Minister for Mines and Energy Suy Sem will appear at the National Assembly on Thursday to answer questions about a more than $700 million discrepancy in data on sand exports to Singapore, according to a letter signed by Prime Minister Hun Sen. ...
Meas Sokchea
http://www.phnompenhpost.com/national/minister-be-grilled-sand-export-discrepancy
Tourism as usual at Angkor Wat despite steeper fees
The steep increase in Angkor Wat ticket prices on February 1 did not discourage tourists from visiting the country’s chief tourist draw, as some feared, but it also did not reap any significant material gains for the government coffers, new data shows. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/tourism-usual-angkor-wat-despite-steeper-fees
Hopes stay sunny for yearly tourist draw numbers
Foreign tourist arrivals to the Kingdom have gone up during the first nine months of this year, reaching roughly 3.9 million to represent a year-on-year increase of 11.5 percent, according to data released by the Ministry of Tourism yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/hopes-stay-sunny-yearly-tourist-draw-numbers
Vietnamese tourists top list in Cambodia
Vietnamese tourists ranked top among foreign visitors to Cambodia in the first three months this year. According to data released by the Cambodian Tourism Ministry, 179,000 Vietnamese tourists visited Cambodia from January to March, accounting for 18 per cent of total foreign arrivals. ...
http://vietnamnews.vnagency.com.vn/Life-Style/224191/vietnamese-tourists-top-list-in-cambodia.html
Visitors from Vietnam up 18 per cent in Q1
The number of Vietnamese tourists visiting Cambodia and Cambodians visiting Vietnam has increased recently, according to new data released by the Cambodian tourism ministry. Vietnam has the largest number of tourists visiting Cambodia at 600,000, or 21 per cent, of all international visitors. ...
Malaysians flocking to Cambodia to do business
Malaysians have been flocking to Cambodia since the 1990s and for some years, they were the largest investors, with official data showing that from 1994 to 2001, Malaysian investments comprised nearly a third of all investments and nearly 80% of total Asean investments. ...
Tan Ju-Eng
http://bit.ly/1NZ0AHj
Approved projects reach $3 billion in first half
Cambodia has approved more than $3 billion in investment projects in the first half of the year, nearly double the total value signed up in the whole of last year, the latest data from the Council for the Development of Cambodia shows. ...
May Kunmakara
http://www.phnompenhpost.com/business/approved-projects-reach-3-billion-first-half
COVID-19 pandemic fuels largest continued backslide in vaccinations in three decades
WHO and UNICEF sound the alarm as new data shows global vaccination coverage continued to decline in 2021, with 25 million infants missing out on lifesaving vaccines. ...
Khmer Times Staff
https://www.khmertimeskh.com/501113173/covid-19-pandemic-fuels-largest-continued-backslide-in-vaccinations-in-three-decades/
Cambodia gets $3.3B in foreign investment
Cambodia received almost $3.3 billion for 123 foreign investment projects from January to August this year, according to data by the Council for the Development of Cambodia (CDC). ...
Chea Vanyuth
https://www.khmertimeskh.com/501146129/cambodia-gets-3-3b-in-foreign-investment/
New fees, political crisis mean fewer businesses
The number of new businesses registering in Cambodia continued to plummet through the third quarter of this year amid tightened rules for start-ups and waning investor confidence following the still-unresolved national elections. Data from the Ministry of Commerce yesterday showed that 853 new businesses registered with ...
May Kunmakara
http://www.phnompenhpost.com/business/new-fees-political-crisis-mean-fewer-businesses
MEF bullish on medium-term growth amid diversification
The Cambodian economy is demonstrating signs of a recovery in terms of gross domestic product (GDP) growth in 2024 and the following periods, according to new statistics released by the Ministry of Economy and Finance’s (MEF) General Department of Policy which have predicted the country’s ...
James Whitehead
https://www.khmertimeskh.com/501520198/mef-bullish-on-medium-term-growth-amid-diversification/
Government Hopes for Chevron Offshore Oil Deal This Year
The Cambodian government expects U.S. oil major Chevron Corp. CVX +0.77% to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday. Cambodia has vast untapped oil and gas resources ...
http://online.wsj.com/article/SB10000872396390443507204578020023711640726.html
No transparency provisions in draft oil law
After years in the drafting process, a copy of Cambodia’s much-anticipated draft petroleum law obtained this week shows that there are still no provisions governing the public disclosure of payments made to the government by gas and oil companies. Dated February 2010, the draft could still ...
Largest-ever Cambodian solar project launched
Cambodia’s biggest solar power initiative to date – expected to provide electricity to 12,000 households in off-grid areas – will be completed on January 31, according to officials involved with the project. Yiang Tal, chief of administration at the Rural Electrification Fund, said more than 10,000 ...
Rice Grower to Set Up Farms in Cambodia and Myanmar
Hybrid rice producer SL Agritech Corp. plans to set up a plantation in Cambodia via a joint venture instead of shipping out produce from its Philippine farms, a ranking official said last week. “We are looking at starting the shipment of seeds to Cambodia and to ...
Kingdom awaits US trade law
The US House of Representatives has renewed a trade law experts said could have a substantial effect on Cambodia’s exports to the United States, as well as the future of the Kingdom’s manufacturing sector. The Generalized System of Preferences (GSP) program waived tariffs on about US$13 ...
http://www.phnompenhpost.com/index.php/2011091251593/Business/kingdom-awaits-us-trade-law.html
Fight to Save Mekong Dolphin Makes Enemies
Sitting at his outpost overlooking the Mekong River, Deab Kuy remembers an incident some years ago when fishermen threatened to attack him if they were stopped from casting their nets around the river’s sandy islets here in Sambok commune. The outpost, little more than a wooden house on ...
Thai Press Gives Conflicting Reports on Chams
Thai media reports yesterday offered conflicting information on whether members of Cambodia’s Cham community were joining a long-running Muslim insurgency in Thailand’s southern provinces. According to the [Bangkok] Post, General Prayuth said most of the Cambodian Muslims were traveling on to other countries in search ...
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 ...