Study set to pinpoint trade flow bottlenecks at ports
The results of a crucial ongoing study will enable Cambodia to set out a framework of strategies to enhance the efficiency of the trade facilitation environment and the Kingdom’s competitiveness on the international stage, according to General Department of Customs and Excise (GDCE) director-general Kun ...
Hin Pisei
https://www.phnompenhpost.com/business/study-set-pinpoint-trade-flow-bottlenecks-ports
2nd phase of business registration system up
The Royal Government of Cambodia (RGC) on September 1 deployed Phase II of its online business registration platform, known as the “Single Portal”. ...
Thou Vireak
https://www.phnompenhpost.com/business/2nd-phase-business-registration-system
Draft investment law approved
The government has approved the draft investment law, following a plenary session of the Council of Ministers chaired by Prime Minister Hun Sen via a Zoom call on July 9. “The law is aimed at increasing Cambodia’s potential at attracting more domestic and foreign investors,” Hun ...
Hin Pisei
https://www.phnompenhpost.com/business/draft-investment-law-approved
Cambodian customs department nets $1.52 billion in eight months
The General Department of Customs and Excise earned $1.5 billion as revenue in the first eight months this year, representing 64.2 percent of yearly plan. ...
Khmer Times Staff
https://www.khmertimeskh.com/50934455/cambodian-customs-department-nets-1-52-billion-in-eight-months/
Oz pledges $66M for economic resilience
Australia plans to provide about A$90 million (US$66 million) in funding to Cambodia for a new bilateral project dubbed “Resilience Economic Development”, according to the Council for the Development of Cambodia (CDC) on September 15. ...
Thou Vireak
https://www.phnompenhpost.com/business/oz-pledges-66m-economic-resilience
Prime Minister Hun Sen pushes GMS to invest in digital base
Prime Minister Hun Sen urged all countries in the Greater Mekong Subregion (GMS) to push for the development of digital infrastructure in order to make the economies of the region more competitive globally. ...
Ry Sochan
https://www.phnompenhpost.com/national/hun-sen-pushes-gms-invest-digital-base
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
