Kampong Speu governor courts investors in Hong Kong
Kampong Speu provincial governor Vei Samnang has pledged to attract more investment to his province. Samnang announced that he would lead a provincial delegation to Hong Kong later this month to discuss business opportunities in the Kampong Speu. ...
Van Socheata
https://www.phnompenhpost.com/business/kampong-speu-governor-courts-investors-hong-kong
Tax system to be updated to make payment easy, evasion tough
The General Department of Taxation (GDT) during a meeting on Tuesday announced a work plan for this year with an emphasis on developing a system that will make paying taxes easy and evasion difficult. ...
Hong Sovannary
https://www.khmertimeskh.com/501255720/tax-system-to-be-updated-to-make-payment-easy-evasion-tough/
GDT earns nearly $540 million in January-February
The General Department of Taxation (GDT) has collected $539 million as tax income in the first two months of this year, representing 15 percent of the national budget plan 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501256139/gdt-earns-nearly-540-million-in-january-february/
Press release on the memorandum of understanding (MoU) on "Cross border payment and remittance cooperation" between the National Bank of Cambodia and NPCI International Payments Limited
On 17 April 2023, the National Bank of Cambodia issued a press release on the memorandum of understanding (MoU) on “Cross border payment and remittance cooperation” between the National Bank of Cambodia and NPCI International Payments Limited.H.E. Dr. Chea Serey, Deputy Governor of the National ...
National Bank of Cambodia
Cambodia’s trade valued at over $6.8 billion in first two months
The total trade volume between Cambodia and other countries around the world reached more than $6.8 billion in the first two months of 2023, down 21.8 percent when compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501254157/cambodias-trade-valued-at-over-6-8-billion-in-first-two-months/
Cambodia collects $1.9 billion taxes in Q1
Cambodia collected $1.9 billion from all sources of taxes in the first quarter (Q1) of 2023, up 2 percent from nearly $1.86 billion in the same period last year, according to press statements released on Thursday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501273079/cambodia-collects-1-9-billion-taxes-in-q1/
33% rise in tax registrations Q1
The General Department of Taxation (GDT) registered 3,566 new businesses in the first quarter of the year, a year-on-year increase of 33 percent, a report said yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501284689/33-rise-in-tax-registrations-q1/
Ministry of Post and Telecommunication petition in support of the Phnom Penh Municipal Court on the verdict of Kem Sokha
On 03 March 2022, the Ministry of Post and Telecommunication has posted a petition in support of the Phnom Penh Municipal Court on the verdict of Kem Sokha on their official social media site.According to the petition, all the civil servants under the Ministry express ...
Ministry of Post and Telecommunication
Australia announces new solar farm in Kratie province
The Cambodia-Australia Partnership for Resilient Economic Development (CAPRED), a flagship economic development program funded by the Australian government, will establish a solar electricity farm in Kampong Cham commune in Sambour district, Kratie province. ...
Sem Pisey
https://www.phnompenhpost.com/national/australia-announces-new-solar-farm-kratie-province
Feb 27 dolphin territory fishing ban scrapped to save livelihoods
The government on April 27 issued a new sub-decree reversing its ban imposed in February on all fishing in the Mekong dolphin conservation zone. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/feb-27-dolphin-territory-fishing-ban-scrapped-save-livelihoods
Cambodia exports reach $9.18 billion in five months
Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. ...
Chea Vanyuth
https://www.khmertimeskh.com/501306111/cambodia-exports-reach-9-18-billion-in-five-months/
Potential of renewable energy sources in Cambodia’s growing market
Cambodia, a rapidly developing Southeast Asian nation, has been experiencing significant economic growth in recent years. With a GDP growth rate of 7.1% in 2019, the country has been making strides in various sectors, including agriculture, manufacturing, and tourism. One of the most critical challenges ...
Khmer Times Staff
https://www.khmertimeskh.com/501311118/potential-of-renewable-energy-sources-in-cambodias-growing-market/
Press release on the meeting on the provision of tax services to car purchasing enterprises to promote tax registration and obligation of tax obligations
On 21 June 2023, General Department of Taxation has posted a press release on the meeting on the provision of tax services to car-purchasing enterprises to promote tax registration and fulfillment of tax obligations on their official social media site. According to the press release, this ...
General Department of Taxation
Cabinet approves $1.7B Tonle Bassac project
The Council of Ministers on Friday approved the Tonle Bassac navigation and logistics system project worth approximately $1.7 billion to maximise the potential of Cambodia’s waterway transportation by connecting the Mekong River system to the sea after a 26-month study has been completed, said a ...
Kang Sothear
https://www.khmertimeskh.com/501294139/cabinet-approves-1-7b-tonle-bassac-project/
Conservationists celebrate new greater adjutant hatchlings
The Angkor Centre for Conservation of Biodiversity (ACCB) in Siem Reap welcomed the birth of two new greater adjutants. They told national news that the two new greater adjutant hatchlings were bred in captivity. The first hatchling hatched on December 24 and the second hatchling ...
Khmer Times Staff
https://www.khmertimeskh.com/501224939/conservationists-celebrate-new-greater-adjutant-hatchlings/
Lack of skills is a barrier to Cambodia becoming a high middle-income country
An official of the Ministry of Economy and Finance said that the lack of skills is a barrier to Cambodia becoming a high middle-income country, according to the vision of the Royal Government. ...
Khmer Times Staff
https://www.khmertimeskh.com/501222579/lack-of-skills-is-a-barrier-to-cambodia-becoming-a-high-middle-income-country/
Banking and Financial Institutions' Code of Conduct, Lending Guidelines go into 'full implementation'
Prominent market players have affirmed that they are on board with the Banking and Financial Institutions’ Code of Conduct (BFI CoC) and associated Lending Guidelines, as well as their underlying objective to drive trust and professionalism in the field, as these sets of rules go ...
May Kunmakara
https://www.phnompenhpost.com/business/banking-and-financial-institutions-code-conduct-lending-guidelines-go-full-implementation
ACU chalks up 21,640 Jan 2023 asset declarations
The Anti-Corruption Unit (ACU) announced that it received 273 state-mandated declarations of assets and liabilities on January 20, bringing the total to 21,640. ...
Post Staff
https://www.phnompenhpost.com/national/acu-chalks-21640-jan-2023-asset-declarations
Taxation law may take effect in ‘next 2-3 months’: GDT
The new Law on Taxation may be promulgated as soon as “in the next two or three months”, replacing the 1997 original, aiming to bring the Cambodian tax regime more in line with current and anticipated international standards and economic environment, as well as to ...
May Kunmakara
https://www.phnompenhpost.com/business/taxation-law-may-take-effect-next-2-3-months-gdt
NBC pushes for de-dollarisation on 43rd Riel Day
National Bank of Cambodia (NBC) deputy governor Chea Serey on March 20 made a general call to keep using the local currency in day-to-day transactions, as part of de-dollarisation and other monetary policy initiatives, as a means to promote economic development. ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-pushes-de-dollarisation-43rd-riel-day
