New foreign minister all set to pursue predecessor’s reforms
Cambodia’s new foreign minister Sok Chenda Sophea, who is former secretary-general of the Council for the Development of Cambodia (CDC), pledges to complete the implementation of reforms introduced by his predecessor Prak Sokhonn. ...
Van Socheata
https://www.phnompenhpost.com/national-politics/new-foreign-minister-all-set-pursue-predecessors-reforms
SERC ensuring investors in the securities sector are protected
Investor protection is a top priority for the Securities and Exchange Regulator of Cambodia (SERC) – the authority in charge of monitoring, supervising and developing the sector in the Kingdom – one the body places the greatest importance. ...
Phnom Penh Post Staff
https://www.phnompenhpost.com/banking-securities-business/serc-ensuring-investors-securities-sector-are-protected
E-commerce tax earnings hit $52.2M in first 8 months
Up to 211.2 billion riel or $52.2 million of e-commerce tax revenue was collected by the General Department of Taxation (GDT) in the first eight months of 2023 amid rapid online business growth around the world, including Cambodia. ...
Hin Pisei
https://www.phnompenhpost.com/business/e-commerce-tax-earnings-hit-522m-first-8-months
Cambodia and China sign protocol of Phytosanitary requirements for fresh coconut export
Cambodia and China have recently signed a protocol of phytosanitary requirements to export fresh coconuts from Cambodia to China. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363745/cambodia-and-china-sign-protocol-of-phytosanitary-requirements-for-fresh-coconut-export/
Exports to S Korea help reduce current trade deficit: pundit
Trade between Cambodia and South Korea reached nearly $504 million in the first eight months of 2023, marking an 8.4 per cent decline over the same period last year, according to the General Department of Customs and Excise (GDCE). Despite this, Cambodian exports surged by ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-s-korea-help-reduce-current-trade-deficit-pundit
Gasoline price remains stable at 4,600 riel per litre
The Ministry of Commerce on Sep 11, announced that the price of gasoline would remain the same for the next 10 days. The price of gasoline is 4,600 riel per litre, while the price of diesel is 4,750 riel per litre from September 11 to ...
Khmer Times Staff
https://www.khmertimeskh.com/501358408/gasoline-price-remains-stable-at-4600-riel-per-litre/
Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year
Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/
Local fuel prices fall 10% amid global downticks
International fuel rates have started to fall back as India and Iran look to step up Russian crude imports, in a downward trend likely to be fuelled by cooperation between the trio of countries on reducing the pressure of the oil price crisis, economists have ...
Hom Phanet
https://www.phnompenhpost.com/business/local-fuel-prices-fall-10-amid-global-downticks
Tax chief vows reforms to meet 2023 revenue goal
The General Department of Taxation (GDT) will make further reforms and upgrade the technology used in tax processes to make things easier for taxpayers and ensure the achievement of the 2023 revenue collection target of $3.57170 billion, or 14.46539 trillion riel, according to director-general Kong ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-chief-vows-reforms-meet-2023-revenue-goal
Cambodia, India ink MoU to bring tigers back to Kingdom's forests
Cambodia and India have signed a memorandum of understanding (MoU) on cooperation in biodiversity conservation and sustainable wildlife management strategies for the rehabilitation of tigers and their habitats in Cambodia. ...
Yuth Vireak
https://www.phnompenhpost.com/national/cambodia-india-ink-mou-bring-tigers-back-kingdoms-forests
Inflation nears 8 percent, riel depreciates, trade deficit narrows in June
Cambodia’s inflation has risen to 7.85 percent in June 2022 compared on a year-on-year basis to 7.17 percent the previous month, which was the highest in the last decade, while the value of Riel has fallen 0.07 percent to 4,091 riel per US dollar and ...
Kang Sothear
https://www.khmertimeskh.com/501166675/inflation-nears-8-percent-riel-depreciates-trade-deficit-narrows-in-june/
GDT revenues 96% of full-year goal
The General Department of Taxation (GDT) announced that it collected $2.69338 billion in tax revenues in the first nine months, equivalent to 95.53 per cent of the full-year target for 2022. This leaves just three months to reach the prescribed 11.419 trillion riel ($2.820 billion). ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-revenues-96-full-year-goal
Ministry of Justice conducts a meeting on “Expedition of Procedure of Money Laundering Cases”
The Ministry of Justice conducted on a meeting on “Expedition of Procedure of Money Laundering Cases” under the presidency by Koeut Rith, Minister of Justice and the President of the Ad-Hoc Sub-Committee for the Implementation of Action Plans of the Joint Group of Asia/Pacific Group ...
Khmer Times Staff
https://www.khmertimeskh.com/501104953/ministry-of-justice-conducts-a-meeting-on-expedition-of-procedure-of-money-laundering-cases/
Cambodia collects $3.26 billion in tax revenue in H1, up 22 percent
Cambodia collected $3.26 billion from all sources of taxes in the first half of 2022, up 22 percent from 2.67 billion dollars over the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116922/cambodia-collects-3-26-billion-in-tax-revenue-in-h1-up-22-percent/
NBC sees Cambodia’s GDP growth at 5.3% in 2022
Global growth recovery and rapid resumption in economic activity will give impetus to Cambodia’s economic growth this year, according to the National Bank of Cambodia (NBC). ...
Chea Vanyuth
https://www.khmertimeskh.com/501123527/nbc-sees-cambodias-gdp-growth-at-5-3-in-2022/
$25.4M projects to create 6500 jobs
In continuance with the policy to strengthen the Covid pandemic-scarred economy and push for growth, the Council for the Development of Cambodia (CDC) has recently approved projects worth $25.4 million. They are expected to generate around 6,500 job opportunities. ...
Khmer Times Staff
https://www.khmertimeskh.com/501174204/25-4m-projects-to-create-6500-jobs/
Government decides to release additional $30 million for mine clearance
The Royal Government of Cambodia has decided to release an additional $30 million from its savings for mine and UXO clearance to reach the goal of mine-free Cambodia by 2025. ...
Khmer Times Staff
https://www.khmertimeskh.com/501195307/government-decides-to-release-additional-30-million-for-mine-clearance/
SME Bank announces loans for tourism sector
SME Bank of Cambodia Plc and several financial partner institutions have announced that applications for credit under the Tourism Restoration Cooperative Project are being accepted from July 1. ...
Sok Sithika
https://www.khmertimeskh.com/501105841/sme-bank-announces-loans-for-tourism-sector/
Investments in Kingdom rise by 7 percent in Q1
In the first quarter of 2022, the number of projects approved by the Council for the Development of Cambodia reached 47, an increase of 6.8 percent and the total investment touched $2,520.6 million, an increase of 14.2 percent over the same period in 2021, according ...
Sok Sithika
https://www.khmertimeskh.com/501102954/investments-in-kingdom-rise-by-7-percent-in-q1/
NGO urges end to violence against indigenous women
Indigenous people, especially females, are vulnerable to several forms of violence in addition to being affected by land-related issues, a non-governmental organisation has alleged on the occasion of International Day of the World Indigenous Peoples. ...
Torn Vibol
https://www.khmertimeskh.com/501129169/ngo-urges-end-to-violence-against-indigenous-women/