Nation nears tax collection target amid challenges
The government has amassed over $3 billion in taxes during the first ten months of 2023, reaching 85.87% of the target set by the 2023 Law on Financial Management. ...
Samban Chandara
https://www.phnompenhpost.com/national/nation-nears-tax-collection-target-amid-challenges
Kon Tum strengthens cooperation with Cambodia’s Ratanakiri province
Leaders of the Central Highlands province of Kon Tum and Cambodia’s Ratanakiri province on October 19 signed a memorandum of understanding on bilateral cooperation for the 2023-2028 period. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379998/kon-tum-strengthens-cooperation-with-cambodias-ratanakiri-province-2/
GDT eyes over $4 billion in tax revenue next year, says Vibol
The General Department of Taxation (GDT) is targeting $4.162 billion in 2024, which is a 20 percent increase from the target set for the current year, according to Kong Vibol, Minister Attached to the Prime Minister and Delegate of the Royal Government In-Charge as Director-General ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501407307/gdt-eyes-over-4-billion-in-tax-revenue-next-year-says-vibol/
Cambodia earns $790 million from rubber article exports
Cambodia earned $789.75 million from the exports of rubber and articles made of rubber in the January to November period of 2023, recording an increase of 74.5 percent compared to the same period last year, according to the latest trade data of the General Department ...
Manoj Mathew
https://www.khmertimeskh.com/501416422/cambodia-earns-790-million-from-rubber-article-exports/
Cambodia imports oil products worth $2.17 bln in 2023
Cambodia’s imports of diesel fuel and petroleum oil declined by 7.6 percent in 2023, according to a report from the General Department of Customs and Excise on Sunday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501423161/cambodia-imports-oil-products-worth-2-17-bln-in-2023/
Cambodia’s garments and agricultural products continue to drive export growth
Cambodia’s export sector has demonstrated resilience, with a slight increase of 1.2 percent in exports during the first 11 months of 2023. According to a report released by the General Department of Customs and Excise, the country exported goods worth $20.5 billion, compared to $20.24 ...
Khmer Times Staff
https://www.khmertimeskh.com/501406845/cambodias-garments-and-agricultural-products-continue-to-drive-export-growth/
BOC Phnom Penh Branch authorized as RMB clearing bank
China’s central bank announced on Monday that it has authorized the Bank of China (BOC) Phnom Penh Branch to be the clearing bank for renminbi (RMB) business in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501406842/boc-phnom-penh-branch-authorized-as-rmb-clearing-bank/
Cabinet pass draft Royal Decree on out-of-court mediation body
Prime Minister Hun Manet has approved a draft Royal Decree on the establishment, organisation and functioning of the new National Authority for Out-of-Court Mediation, one of the four agenda items passed during an October 27 Cabinet meeting. ...
Post Staff
https://www.phnompenhpost.com/national/cabinet-pass-draft-royal-decree-out-court-mediation-body
Tax collection up 4.49 percent to $3.6 billion
Cambodia increased its tax collection by 4.49 percent year-over-year to $3.6 billion in 2023. We exceeded our target (101.13 percent) with this year’s collection, said the General Department of Taxation (GDT) at the Ministry of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/501428582/tax-collection-up-4-49-percent-to-3-6-billion/
Ministry plan to align gambling legislation
To ensure effective suppression of illegal gambling, the Ministry of Interior is set to amend the Law on Suppression of Gambling, aligning it with the Law on Commercial Gambling Management. ...
Chea Sokny
https://www.phnompenhpost.com/national/ministry-plan-to-align-gambling-legislation
GDT exceeds 2023 tax revenue targets
Cambodia generated more than $3.6 billion in 2023 through the General Department of Taxation (GDT), slightly exceeding the targets set in the 2023 Law on Financial Management and surpassing 2022’s revenue. ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-exceeds-2023-tax-revenue-targets
PM asks ministries, institutions, and sub-national administrations to collaborate with the Ministry of Inspection and promote transparency
Dr. Hun Manet, Prime Minister of Cambodia, urged ministries, institutions, and sub-national administrations to collaborate with the Ministry of Inspection to enhance their work. ...
Chinese firms show feasibility of Light Railway connecting airport, metro in Phnom Penh
The feasibility of a Light Railway line connecting Phnom Penh to the new airport and planned city metro (subway) was presented by the China Metro Group and Guangzhou Metro Group to the Inter-Ministry Committee of Cambodia on Saturday, said the Council for the Development of ...
Rachel David
https://www.khmertimeskh.com/501457950/chinese-firms-show-feasibility-of-light-railway-connecting-airport-metro-in-phnom-penh/
Cambodia’s garment, footwear, travel goods export up 20 pct in Q1
Cambodia exported $2,941 million worth of garment, footwear and travel products (GFTs) to international markets in the first quarter of 2024, up 20 percent from 2,449 million dollars over the same period last year, said a report released by the Ministry of Commerce on April ...
Khmer Times Staff
https://www.khmertimeskh.com/501472270/cambodias-garment-footwear-travel-goods-export-up-20-pct-in-q1/
Cambodia’s rubber article exports rise 90 percent
Cambodia earned $215 million from the exports of rubber articles in the first two months of this year, an increase of 90 percent compared to the same period last year, according to the latest trade data of the General Department of Customs and Excise (GDCE). ...
Manoj Mathew
https://www.khmertimeskh.com/501458804/cambodias-rubber-article-exports-rise-90-percent/
GDT’s e-Administration platform to facilitate tax monitoring
The General Department of Taxation launched its e-Administration, the smartphone-based app application where taxpayers can check and track their tax payment documents. ...
Chea Vanyuth
https://www.khmertimeskh.com/501460312/gdts-e-administration-platform-to-facilitate-tax-monitoring/
Hun Sen calls for ASEAN multilateralism
Former Prime Minister Hun Sen, president of the Cambodian People’s Party (CPP), appealed to his ASEAN and Russian counterparts to communicate with all sides in order to uphold regional peace, stability and development, in the face of competition between superpowers. ...
Samban Chandara
https://www.phnompenhpost.com/national/hun-sen-calls-for-asean-multilateralism
December taxes fall by 10.3%
The General Department of Customs and Excise collected approximately $201.4 million of tax revenue in December 2023, which was less than the planned 12.25 percent target. ...
Mao Sreypich
https://kiripost.com/stories/december-taxes-fall-by-103
Cambodian PM calls for more action against drunk driving
Cambodian Prime Minster Hun Manet has urged the General Commissariat of National Police to further strengthen their action against drunk driving to prevent road accidents, a leading cause of deaths and injuries in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501428140/cambodian-pm-calls-for-more-action-against-drunk-driving/
‘Govt wants Sihanoukville to be next Shenzhen’
The Royal Government of Cambodia (RGC) wants to transform Preah Sihanouk province into the next Shenzhen by reducing logistics costs, providing an investment incentive package and enhancing the development of human resources to attract investors, said Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of ...
Nhean Chamrong
https://www.khmertimeskh.com/501469715/govt-wants-sihanoukville-to-be-next-shenzhen/