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
Cambodia faces serious tax crimes, says Kong Vibol
Tax, economic, financial and money-laundering crimes have become major impediments in Cambodia’s march to progress said Kong Vibol, Director General of the General Department of Taxation (GDT) on Thursday. Internal tax authorities have been seriously facing tax crimes, he observed. ...
Kang Sothear
https://www.khmertimeskh.com/501261473/cambodia-faces-serious-tax-crimes-says-kong-vibol/
Kingdom’s tallest bridge to be ready by May 2025
The Royal Government of Cambodia has allocated nearly $23 million to build a bridge across the Russei Chrum River, located in Chhay Lok village, O’Som commune, Veal Veng district, Pursat province, considered to become the tallest bridge in the Kingdom. ...
Manoj Mathew
https://www.khmertimeskh.com/501272008/kingdoms-tallest-bridge-to-be-ready-by-may-2025/
GDT collects $1.34 billion in Q1 amid challenges
The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has collected more than $1.34 billion of tax revenue in the first three months of 2023, an increase of 6.39 percent compared to the same period of the previous year, while ...
Kang Sothear
https://www.khmertimeskh.com/501280694/gdt-collects-1-34-billion-in-q1-amid-challenges/
Cambodia produced more than 11 million tonnes of rice last year
Farmers around the country saw success in the cultivation of rice last year despite hard weather conditions bringing an extended rainy season and achieved 110.40 percent of the planned rice cultivation for 2022. ...
Khmer Times Staff
https://www.khmertimeskh.com/501241911/cambodia-produced-more-than-11-million-tonnes-of-rice-last-year/
New ‘One Window Service Office’ for IDs
Obtaining a new identity card and residence documents soon will become more convenient for hundreds of communities across Cambodia. ...
Torn Vibol
https://www.khmertimeskh.com/501252451/new-one-window-service-office-for-ids/
Exports near $11.5B on May-Jun lift
The value of Cambodia’s total goods exports in the first half of the year reached $11.464 billion, up more than 0.75 per cent on an annual basis from $11.379 billion and up nearly 3.25 per cent from $11.104 billion in the second half of 2022, ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-near-115b-may-jun-lift
Joint media release on National Bank of Cambodia and Monetary Authority of Singapore sets up Financial Transparency Corridor to support SMEs
On 11 July 2023, the National Bank of Cambodia issued a joint media release on National Bank of Cambodia and Monetary Authority of Singapore sets up Financial Transparency Corridor to support SMEs.The FTC is an information sharing platform which will facilitate the exchange of financial ...
National Bank of Cambodia
Premium seaplane slated for take-off late-2023 to early-2024
Cambodia’s first premium seaplane service is slated to start operations in late-2023 to early-2024, initially connecting Phnom Penh with locations within a 1.5-hour flying time. ...
Marissa Carruthers
https://kiripost.com/stories/cambodia-premium-seaplane-slated-for-take-off-late-2023-to-early-2024
Government collectS more than $2 billion in taxes in H1
According to the online revenue management system of the General Department of Taxation, in the first half of 2023, taxes collected totalled 8,393.17 billion riels or approximately $2.072 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501324387/government-collects-more-than-2-billion-in-taxes-in-h1/
Investment incentives mulled for agriculture
The Cambodia Chamber of Commerce (CCC) has requested that the government study consider offering additional tax exemptions to the agriculture sector, in order to support last year’s 2022-2030 agricultural policy. ...
Van Socheata
https://www.phnompenhpost.com/business/investment-incentives-mulled-agriculture
Financial experts promote digital literacy
The Association of Banks in Cambodia (ABC) and Expert Leadership Innovation Exchange Organization (ELIX) are joining hands to promote digital literacy and capacity building, in support of the government’s policies on the Fourth Industrial Resolution (Industry 4.0) as well as the “Cambodia Digital Economy and ...
May Kunmakara
https://www.phnompenhpost.com/business/financial-experts-promote-digital-literacy
Announcement on the signing of the memorandum of understanding and agreement between the Ministry of Posts and Telecommunications, the Ministry of Environment and Higher Education Institutions
On 31 May 2023, the Ministry of Post and Telecommunication has posted an announcement on the signing of the memorandum of understanding and agreement between the Ministry of Posts and Telecommunications, the Ministry of Environment and Higher Education Institutions on their official social media site.According ...
Ministry of Post and Telecommunication