Over $2.1 billion collected as tax revenue in first nine months
The General Department of Taxation (GDT) collected some 8,549 billion Riel (approximately $2,111 million) as tax revenue in the first nine months of this year, representing 94.12 percent of the yearly plan. ...
Khmer Times Staff
https://www.khmertimeskh.com/50954524/over-2-1-billion-collected-as-tax-revenue-in-first-nine-months/
Cambodia plans the inaugural issuance of $300 million sovereign bonds of $300 million next year
The Royal Government of Cambodia plans to issue the first $300 million worth sovereign bond to raise fund to finance public investment projects, aiming at boosting the country’s economic growth and productivity. ...
Khmer Times Staff
https://www.khmertimeskh.com/50958999/cambodia-plans-the-inaugural-issuance-of-300-million-sovereign-bonds-of-300-million-next-year/
Tax collection exceeds $2.56 billion for first 11 months
The General Department of Taxation collected $2.56 billion in tax revenue between January to November this year, exceeding the 2021 targeted plan. officials and key insiders said the exceeding revenue in the tax sector reflected the government’s efforts on efficient tax collection and the business ...
Chea Vanyuth
https://www.khmertimeskh.com/50988560/tax-collection-exceeds-2-56-billion-for-first-11-months/
France backs Cambodian budget and accounting reform
Cambodia and France recently signed a Memorandum of Understanding (MoU) on the implementation of the second phase of the Budget and Accounting Support Project. ...
Khmer Times Staff
https://www.khmertimeskh.com/50989672/france-backs-cambodian-budget-and-accounting-reform/
Banking and financial institutions disbursed $44.9 billion in loans, an increase of 23 percent
The National Bank of Cambodia (NBC) said that at the end of the third quarter of 2021, banking and financial institutions provided loans totaling 185.1 trillion riels or about $44.9 billion to agriculture, construction, manufacturing, services, wholesale and retail trade and household units. This accounted ...
Khmer Times Staff
https://www.khmertimeskh.com/50992206/banking-and-financial-institutions-disbursed-44-9-billion-in-loans-an-increase-of-23-percent/
Engineering profession ethics rules for conduct enters final draft stage
A draft sub-decree establishing an Engineer’s Code of Conduct has entered the final review stage. The code is aimed at enhancing the honour, dignity and responsibility of professional engineers in order to ensure public safety and protect the public interest. ...
Lay Samean
https://www.phnompenhpost.com/national/engineering-profession-ethics-rules-conduct-enters-final-draft-stage
IRC chief drums up support for more bancassurance deals
Insurance Regulator of Cambodia (IRC) director-general Bou Chanphirou on January 12 urged banks, other financial institutions and insurance companies to cooperate in bancassurance to drive further growth in the insurance sector, and raise penetration and density. ...
May Kunmakara
https://www.phnompenhpost.com/business/irc-chief-drums-support-more-bancassurance-deals
Cambodia’s banking industry sees three percent GDP growth last year despite pandemic, $38.5 billion in deposits
Cambodia’s banking industry had seen robust growth in loans and deposits in 2021 despite the impact of the COVID-19 pandemic, according to a report of the National Bank of Cambodia (NBC) on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501008197/cambodias-banking-industry-sees-three-percent-gdp-growth-last-year-despite-pandemic-38-5-billion-in-deposits/
CDC approves $300 million worth of investment projects
Council for the Development of Cambodia (CDC) this week approved two new investment projects with a total capital of $303 million in Rattanakiri and Preah Sihanouk provinces. ...
Khmer Times Staff
https://www.khmertimeskh.com/501013321/cdc-approves-300-million-worth-of-investment-projects/
Cambodia studies impacts of undersea fiber optic cables
The Kingdom is studying the environmental impacts from the construction of undersea fiber optic cables connecting Hong Kong to Preah Sihanouk province at a distance of over 300km. ...
Lay Samean
https://www.phnompenhpost.com/national/cambodia-studies-impacts-undersea-fiber-optic-cables
GDT gears up to block unregistered companies’ electronic transactions
The General Department of Taxation of the Ministry of Economy and Finance has sought cooperation from 49 Internet companies in Cambodia to block electronic transactions should those enterprises are not registered. ...
Chea Vanyuth
https://www.khmertimeskh.com/501021382/gdt-gears-up-to-block-unregistered-companies-electronic-transactions/
Tax revenues reaches $288 million in January 2022
The General Department of Taxation (GDT) of the Ministry of Economy and Finance collected $288.23 million in the first month of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501028271/tax-revenues-reaches-288-million-in-january-2022/
Royal Government launches policy to transform digital landscape of Cambodia
Telecommunications Minister Chea Vandeth stated that the Royal Government has launched a plan to transform Cambodia into vibrant digital economy and society. ...
Khmer Times Staff
https://www.khmertimeskh.com/501033702/royal-government-launches-policy-to-transform-digital-landscape-of-cambodia/
GDT collects over half a billion dollars in tax revenue from Jan-Feb
The General Department of Taxation (GDT) collected 2.07466 trillion riel, or $512.26 million, in taxes in the first two months of 2022, surging by 22.69 per cent over the same period last year, according to its director-general Kong Vibol on March 14. ...
Hom Phanet
https://www.phnompenhpost.com/business/gdt-collects-over-half-billion-dollars-tax-revenue-jan-feb
Education ministry set to host ASEAN socio-cultural community meetings
The Cambodian Ministry of Education, Youth and Sport, which represents the the ASEAN Socio-Cultural Community (ASCC) this year, will organise three key virtual meetings on March 28-30. ...
Mom Kunthear
https://www.phnompenhpost.com/national/education-ministry-set-host-asean-socio-cultural-community-meetings
EuroCham Cambodia and GMAC ink agreement to better support European brands sourcing from Cambodia
EuroCham Cambodia and GMAC have signed a Memorandum of Understanding (MoU) that will remain in force for an indefinite duration and defines a clear set of joint actions by the two associations for the coming years. ...
Khmer Times Staff
https://www.khmertimeskh.com/501045339/eurocham-cambodia-and-gmac-ink-agreement-to-better-support-european-brands-sourcing-from-cambodia/
Rubber latex, wood exports worth over $77M in Jan-Feb
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- Agriculture / Exports / Rubber / Trade
Cambodia netted more than $77 million from rubber latex and wood exports in the first two months of 2022, according to data released by the Ministry of Agriculture, Forestry and Fishery’s General Directorate of Rubber. ...
Hin Pisei
https://www.phnompenhpost.com/business/rubber-latex-wood-exports-worth-over-77m-jan-feb
Measures to control the use of chemical drugs in investment companies
On 23 March 2022, the Council for the Development of Cambodia issued a notification on measures to control the use of chemical drugs in investment companies. Companies must follow 5 points stated in the notification. ...
Council for the Development of Cambodia
Tax income collection rises by 22 percent in Q1
The General Department of Taxation at the Ministry of Economy and Finance collected $1,263 million as tax income from the first three months of this year, a 22 percent increase compared to the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501060747/tax-income-collection-rises-by-22-percent-in-q1/
‘Best New Banknote’ award for 15,000 riel bill delivered to NBC chief
The National Bank of Cambodia (NBC) has finally been delivered the 2019 “Best New Banknote” award received for its 15,000 riel banknote by representatives from the printing company Landqart AG after a long wait due to pandemic-induced border restrictions. ...
Ry Sochan
https://www.phnompenhpost.com/national/best-new-banknote-award-15000-riel-bill-delivered-nbc-chief
