New ‘Taxation Law’ a shot in the arm for taxpayers
The new Taxation Law encompassing the earlier provisions of the taxation law (1997), annual budget laws of the Kingdom of Cambodia time and decrees and codes of the People’s Republic of Kampuchea (PRK) and the State of Cambodia (SOC) is seen as simple, flexible and ...
Kang Sothear
https://www.khmertimeskh.com/501302182/new-taxation-law-a-shot-in-the-arm-for-taxpayers/
Angkor Park revenue surges by ‘300%’ in 2023
Over 600,000 international tourists purchased tickets to the Angkor Archaeological Park in the first 10 months of 2023, boosting revenue for Angkor Enterprise – a state body tasked with overseeing ticket sales – to nearly $28 million. This represents a staggering increase of over 300% ...
Hin Pisei
https://www.phnompenhpost.com/business/angkor-park-revenue-surges-300-2023
Mexico’s trade balance in Kingdom is likely to reach $400M this year
Mexico has trade deposits in all ASEAN countries and its trade balance with Cambodia, in particular, is likely to touch $400 million by the end of 2024. This was made possible through the huge trade surplus between Mexico and the United States, reaching over $150 ...
Nhean Chamrong
https://www.khmertimeskh.com/501453541/mexicos-trade-balance-in-kingdom-is-likely-to-reach-400m-this-year/
Cambodia, Brazil discuss ongoing cooperation
Chum Sounry, Secretary of State of the Ministry of Foreign Affairs and International Cooperation, and Eduardo Paes Saboia, Secretary of Asia and the Pacific of the Ministry of Foreign Affairs of Brazil, discussed the ongoing cooperation between Cambodia and Brazil during a meeting held in ...
Khmer Times Staff
https://www.khmertimeskh.com/501501298/cambodia-brazil-discuss-ongoing-cooperation/
Grab offers innovative carbon offset option to support Cambodian forest protection
Passengers using the Grab ride-hailing app are offered the option to travel carbon neutral, said a press release of Wildlife Conservation Society (WCS) issued this afternoon, adding that a voluntary contribution allows passengers’ rides to be offset via carbon credits from the Keo Seima Wildlife ...
Khmer Times Staff
https://www.khmertimeskh.com/50900387/grab-offers-innovative-carbon-offset-option-to-support-cambodian-forest-protection/
Cambodia offers cash handouts worth $46 million to 360,000 families affected by inflation, floods
Cambodia on Saturday began to provide cash handouts to almost 360,000 households with about 1.3 million people affected by inflationary pressures and recent floods, a senior official said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501200349/cambodia-offers-cash-handouts-worth-46-million-to-360000-families-affected-by-inflation-floods/
Japan to offer grant aid in support of cadastral surveying and land registration in Cambodia
Japan will provide Cambodia for JPY 1,338 million ($9.7 million) for the implementation of the project for the Establishment of a Nationwide Continuously Operating Reference Station Network, according to Cambodia’s Ministry of Foreign Affairs and International Cooperation’s press release and obtained by AKP today. ...
Khmer Times Staff
https://www.khmertimeskh.com/501381543/japan-to-offer-grant-aid-in-support-of-cadastral-surveying-and-land-registration-in-cambodia/
Cambodian students win out on ASEAN stock markets
Despite the Cambodian Stock Exchange (CSX) getting off to a sluggish start over the past three years, local university students are seemingly already on the way to becoming good stock-pickers. The winners, two students from Zaman University who went by the team name of Dark ...
Eddie Morton
http://phnompenhpost.com/business/cambodian-students-win-out-asean-stock-markets
Mondolkiri, Kompong Thom Face Climate Threat
Mondolkiri and Kompong Thom provinces could suffer some of the most extreme effects of climate change in the Lower Mekong Basin region, such as a high incidence of flash floods and droughts by 2050, according to a new study. Analyzing temperature and rainfall from 84 provinces ...
http://www.cambodiadaily.com/news/mondolkiri-kompong-thom-face-climate-threat-17224/
Social land concessions floated for residents hit by work on Sihanoukville canals
The Preah Sihanouk provincial administration has recommended those whose houses were torn down for encroaching on canals to seek social land concessions from the authorities. Provincial deputy governor Cheav Vichheak told The Post on Tuesday that Sihanoukville has five main canals with a cumulative length ...
Congressional Hearing in US Pushes Cut to Cambodian Aid
At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcommittee ...
http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/
Government Goes to China in Search of New Loans
Prime Minister Hun Sen will travel to China on Saturday to meet with the rising superpower’s new leadership, in a trip the government expects to yield nearly $2 billion in loans and aid. Most significantly, the Government is hoping to secure Chinese funding for a 1.67 ...
http://www.cambodiadaily.com/news/government-goes-to-china-in-search-of-loans-17314/
Firm Given Rights to All ELC Timber in Ratanakkiri
The Ministry of Agriculture has signed a deal with Try Pheap Import Export to give the firm the right to purchase all timber felled in economic land concessions (ELCs) in Ratanakkiri province, according to a letter sent from the Agriculture Ministry to the Forestry Administration ...
http://www.cambodiadaily.com/news/firm-given-rights-to-all-elc-timber-in-ratanakkiri-22788/
Private Ship Registry Did Not Monitor Compliance
The privately-operated International Ship Registry of Cambodia (ISROC), a South Korea-based company that owns the rights to register foreign vessels under the Cambodian flag, told ship owners last year that it was not monitoring their observance of international maritime laws, and that it was their ...
Denise Hruby
http://www.cambodiadaily.com/news/private-ship-registry-did-not-monitor-compliance-48532/
CNRP Touts Success on Second Day of Demonstrations
As leaders from the CPP and CNRP sat down for a round of top-level negotiations aimed at breaking the country’s prolonged political impasse on Monday, opposition supporters once again poured into Phnom Penh’s Freedom Park for the second day of demonstrations against alleged fraud in ...
Aun Pheap and Colin Meyn
http://www.cambodiadaily.com/elections/cnrp-touts-success-on-second-day-of-demonstrations-42529/
Cambodia Upgrades Diplomatic Relations With Japan
Prime Minister Hun Sen agreed to upgrade Cambodia’s diplomatic relations with Japan to a “strategic level” during talks in Tokyo on Sunday, but also thanked his Japanese counterpart, Shinzo Abe, for making efforts to mend relations with neighbor China, according to media reports. During a state ...
Phorn Bopha and Zsombor Peter
http://www.cambodiadaily.com/news/cambodia-upgrades-diplomatic-relations-with-japan-49386/
Gov’t suspends freedom of association for unions
Following a complaint from the Free Trade Union (FTU) over the Ministry of Labor’s refusal to register 10 local branches of its organization, a ministry official said Wednesday that the constitutional right to freedom of association has been suspended until a new trade union law ...
Aun Pheap
http://www.cambodiadaily.com/news/govt-suspends-freedom-of-association-for-unions-53271/
ADB Admits Fault in Rail Project, Pledges Compensation
The Asian Development Bank (ADB) has for the first time admitted to major flaws in its efforts to protect the roughly 4,000 families losing land to a $143 million project it is funding to rehabilitate Cambodia’s dilapidated railway system. On Friday, the ADB said it would ...
Zsombor Peter
http://www.cambodiadaily.com/news/adb-admits-fault-in-rail-project-pledges-compensation-51210/
Grand Twins may price Cambodia IPO below mid-point of indicative range
Tepid interest in a Taiwanese-owned garment manufacturer’s planned initial public offering in Cambodia means that the deal could be priced below the midpoint of an indicative range, a person with direct knowledge of the offering said Thursday. Grand Twins International (Cambodia) PLC had planned to sell ...
Welfare plan full of goals, short on details
Cash transfers to the poor and public works programs for the unemployed are spelled out in a new five-year plan the government launched yesterday in a bid to expand the country’s threadbare social welfare programs. Though full of ambitious targets and budgets, the ‘National Social Protection ...