GDT’s tax collection target for 2023 up by $750M
The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...
Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/
Tax revenue exceeds expectations following reforms
The General Department of Taxation (GDT) collected $1.93 billion in tax revenue last year, a 30 percent increase over 2016 and well above the government’s own projections, according to the department’s director, Kong Vibol. ...
Hor Kimsay
http://www.phnompenhpost.com/business/tax-revenue-exceeds-expectations-following-reforms
Cambodia earns 532 mln USD tax revenue in H1
Cambodia collected 532 million U.S. dollars in tax revenue during the first half of 2014, up 13 percent over the same period last year, said a news statement released by the General Department of Taxation on Wednesday. The revenue came from an increase in income taxes, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-07/23/c_133505529.htm
Cambodia's January-October tax revenue up 19 pct
Cambodia collected 884 million U.S. dollars in taxes in the first ten months of 2014, a 19 percent increase over the same period last year, said a statement of the General Department of Taxation on Monday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-11/17/c_133795928.htm
Cambodia receives 2.54 mln foreign tourists in 7 months, up 4.5 pct
Cambodia had attracted some 2. 54 million international visitors in the first seven months of 2014, up 4.5 percent compared to the same period last year, the latest tourism report showed Friday. Kong Sopheareak, chief of the Tourism Ministry’s Statistics and Planning Department, said Vietnam, China, ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=240762
Land granted to Ministry of National Defence for development
More than 1,000ha of land has been granted by the Koh Kong provincial administration to the Ministry of National Defence to establish a development zone project to improve the livelihoods of people ...
Voun Dara
https://www.phnompenhpost.com/national/land-granted-ministry-national-defence-development
Director General of Taxation says tax collection over past 10 years exceeded target each year
Kong Vibol, Minister Delegate to the Prime Minister and Royal Government Delegate in charge of the General Director of the General Department of Taxation affirmed that in the past 10 years, the General Department of Taxation’s tax revenue collection has been stable, showed good growth ...
Khmer Times Staff
https://www.khmertimeskh.com/50995098/director-general-of-taxation-says-tax-collection-over-past-10-years-exceeded-target-each-year/
Gaming outfit reports loss
Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...
http://www.phnompenhpost.com/business/gaming-outfit-reports-loss
Parents using toxic balms on babies: report
Cambodian parents are commonly using medicinal balms and oils such as “Tiger Balm” on their newborn children despite potentially toxic effects, according to a new report. ...
Erin Handley and Kong Meta
http://www.phnompenhpost.com/national/parents-using-toxic-balms-babies-report
Korean College for Siem Reap
Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...
http://www.phnompenhpost.com/index.php/2012062156924/Business/korean-college-siem-reap.html
Cambodian university wins prize for firefighting robots
Cambodia’s beleaguered fire department may have a future high-tech solution to its problems after a team of young scientists from Norton University competing in the 4th Malaysian International Robot Competitions (MIRoC) last week placed third in the Fire Fighting Robot category. The annual event, held this ...
Hay Pisey
http://www.cambodiadaily.com/news/cambodian-university-wins-prize-for-firefighting-robots-56792/
Letter accuses governor of corruption
A district governor in Battambang province was accused of corruption in an anonymous letter received by provincial authorities over the weekend. Thmor Kol district Governor Kong Ly allegedly used state funds for personal gain, according to the letter addressed to provincial Governor Chan Sophal that was ...
Pav Suy
http://www.khmertimeskh.com/news/26785/letter-accuses-governor-of-corruption/
Single visa test-run
A single visa for Thailand and Cambodia is ready for launch 27 December at all of the countries’ consulates and embassies. It is a test phase of a wider project called ACMECS Single Visa (Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy) involving Thailand, Laos, Vietnam, Cambodia, and ...
Documents revealed in massive fraud case
The documents concern a court case brought by representatives of Hong Kong-based Enviro Group Holdings Limited who are suing John Davies and Lim Lian Tho – both former company directors of Phnom Penh based subsidiary Enviro Corporation (Cambodia) Ltd – and Mark McCluskey, a lawyer ...
Union Law worries garment sector investors from Hong Kong
A visiting delegation from the American Chamber of Commerce in Hong Kong, which handles tens of billions of dollars in regional investment, says it raised concerns about the low threshold for forming unions in a pending new law during meetings with government officials Monday. ...
Zsombor Peter
https://www.cambodiadaily.com/business/union-law-worries-garment-sector-investors-from-hong-kong-91376/
NagaCorp commissions independent report on AML risk
NagaCorp Ltd, the operator of the NagaWorld casino resort (pictured) in Phnom Penh, Cambodia, says it has commissioned “an independent professional party to review the internal controls of the company and its subsidiarieswith a focus on anti-money laundering”. The firm gives the information in its interim ...
GGRAsia News Staff
http://www.ggrasia.com/nagacorp-commissions-independent-report-on-aml-risk/
Court Questions Cambodian, Chinese Businessmen Over Fraud
The Phnom Penh Municipal Court on Monday questioned two businessmen over allegations of fraud and using forged public documents, including claims they faked a signature from Prime Minister Hun Sen in a mining transaction, court and police officials said. Deputy prosecutor Var Sakada said Cambodian Al ...
http://www.cambodiadaily.com/news/court-questions-cambodian-chinese-businessmen-over-fraud-40923/
Starbucks to open its first outlet in Vietnam
Global coffee-chain giant Starbucks will enter its 12th Asian market next month when it opens an outlet in Vietnam’s Ho Chi Minh City. RMA Cambodia CEO Rami Sharaf said the expansion into Vietnam did not automatically mean Starbucks would enter Cambodia. “I don’t think there is ...
Protesters not happy with ministry’s offer
Some 200 villagers from Koh Kong province in a longstanding dispute with the Koh Kong Sugar Industry Co Ltd were prevented by the capital’s Daun Penh district authorities from protesting at the home of Prime Minister Hun Sen on Wednesday. On Monday, the Ministry of ...
Kong Meta
https://www.phnompenhpost.com/national/protesters-not-happy-ministrys-offer
Cambodia Posts 29 pct Rise In Large-Scale Factories Last Year
The number of large-scale factories in Cambodia has increased by 29 percent to 907 in 2012, Minister of Industry, Mine and Energy Suy Sen said Thursday. Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier, he said ...
http://www.asean-china-center.org/english/2013-03/28/c_132269109.htm