The industry body representing the Kingdom’s myriad microfinance institutions (MFIs) threw down the gauntlet yesterday, announcing that its members had categorically rejected a government directive that orders them to charge a value-added tax (VAT) on financial services fees and would not apply it. ...

The Kingdom’s investment authority signed an agreement yesterday to promote and protect investments between the United Arab Emirates (UAE) and Cambodia, a move government officials hope will attract foreign direct investment from the oil-rich Gulf state, which currently stands at almost zero. ...

The General Department of Taxation (GDT) announced yesterday that it has officially launched an e-payment platform that allows individual and corporate taxpayers to pay their obligations online and directly through bank accounts, a move that businesses in the Kingdom hope will trim waiting periods. ...

In a government directive signed by Prime Minister Hun Sen on Thursday, provincial staff were ordered to submit their lists of military and civil service pensioners to the ministries of Finance and Social Affairs by the second week of each month to ensure timely delivery ...

Prime Minister Hun Sen last week issued a directive ordering all government bodies to hold off on new hires for the rest of the year except to fill existing positions being vacated, in an apparent bid to keep spending in line with the current state ...

Locals in Koh Kong province have written to the provincial authorities urging them to expel activists from local NGO Mother Nature who have been conducting a campaign of direct action against sand dredging firms that the NGO accuses of breaking the law and damaging the ...

The Ministry of Commerce (MoC) has announced a program that will allow approved exporters to use their invoices to self-certify their products’ origin, removing the need to apply directly to the ministry each time a company needs to ship goods from Cambodia. ...

Cambodia has a new investment law that offers incentives to foreign investors to inject direct investment into the country. ...

A senior land management ministry official has warned that officials will take action against land dealers who sell unregistered plots amid a market boom. The warning came as the Ministry of Land Management yesterday held a workshop in Phnom Penh to disseminate a directive on ...

The government approved more than $1 billion worth of domestic and foreign direct investment in the first quarter of the year, down sharply from the $2.8 billion approved in the same quarter last year, figures released by the Council for Development of Cambodia (CDC) yesterday ...

The Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium-size enterprises (SMEs), Acleda Bank said in a press release yesterday. ...

Despite starting with a bang just a week ago, the Land Traffic Law has already been subject to two amendments from Prime Minister Hun Sen in direct response to a public outcry on Facebook, a stark contrast to the premier’s usual attitude toward online criticism. ...

The Mines and Energy Ministry yesterday shut down six sand depots in Kandal province’s Sa’ang district for allegedly failing to “respect” a ministry directive concerning the proper transportation of sand, but they will be allowed to reopen on Wednesday if they agree to comply. ...

ACLEDA Bank, Cambodia’ leading commercial bank, held a ground-breaking ceremony yesterday for its new 20-storey headquarters, which will be located directly behind its present building. The new headquarters will cover 43,000 square metres, with parking for 700 cars. Construction is scheduled for completion in two years. ...

Cambodia’s leader has publicly endorsed China’s position that territorial disputes in the South China Sea cannot be solved through the Association of Southeast Asian Nations (ASEAN). In Phnom Penh, Prime Minister Hun Sen said Wednesday the issue should be solved by the countries directly affected by ...

The Education Ministry on Monday defended a pro-CPP speech delivered to some 1,500 students at a university in Phnom Penh on Sunday, reasoning that the school did not breach the ministry’s new directive against political activity at academic institutions because classes had finished for the ...

The World Bank has approved $130 million in developmental aid aimed at reducing poverty in Cambodia, signalling its first direct re-engagement with the Kingdom since it left in protest in 2011 after one of the largest forceful evictions led by the government displaced more than ...

Cambodia’s telecommunications regulator has called on seven mobile network operators to give an assurance by September 1 that they have registered all their subscribers in accordance with a directive from the Ministry of Posts and Telecommunication and the Ministry of Interior. ...

A youth demonstration planned for Sunday has been downgraded to a press conference after the government refused to lift its ban on public assemblies. Five hundred youth intended to deliver petitions calling for an amended election law that would allow for the direct election of district, ...

VIETJET will be introducing a new route connecting Hanoi and Siem Reap, effective November 3, 2014. The daily direct flight will depart Noi Bai International Airport in Hanoi at 17.15 and Siem Reap International Airport at 18.05. ...