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/
Hiding Covid infection a crime
Phnom Penh municipal governor Khuong Sreng has warned that people who test positive for Covid-19 must inform the authorities and not try to hide their condition, or they will face legal action. ...
Mom Kunthear
https://www.phnompenhpost.com/national/hiding-covid-infection-crime
Tax revenue reaches 29% of 2022 goal by end-April
Cambodia earned more than $1.502 billion from tax collection in the first four months of 2022, an increase of over $340 million or 29.36 per cent year-on-year, a feat observers believe reflects recovery and encouraging results from the government’s push started in early November towards ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-reaches-29-2022-goal-end-april
Phnom Penh late waste service fees due June 15
The Phnom Penh Municipal Administration has reminded residents and business owners who have failed to pay for their rubbish and solid waste collection service fees that they must settle the bills by June 15, or risk additional penalties including a record of unpaid debt and ...
Lay Samean
https://www.phnompenhpost.com/national/phnom-penh-late-waste-service-fees-due-june-15
GDT revenues benefit from post-Covid boost
The General Department of Taxation (GDT) announced that it collected 13.01693 trillion riel, or $3.21406 billion, of tax revenues in the first 11 months of 2022, equivalent to 113.99 per cent of the full-year target of $2.81955 billion, reflecting improvements in economic activity post-Covid-19. ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-revenues-benefit-post-covid-boost
Cambodia, France sign agreement for scientific cooperation
The Ministry of Education, Youth, and Sports and the French Embassy in Cambodia have signed an agreement for science and technology cooperation under the Huber Curien Tonle Sap Partnership, funded by the Innovation Research Fund, to support the initiative to develop or continue research projects ...
Khmer Times Staff
New uniform to help identify ‘non-sworn’ traffic officers
Minister of Interior Sar Sokha and National Police chief Sar Thet have announced that the Phnom Penh municipal authorities will introduce new uniforms for “contracted” – or non-commissioned – traffic police. The move aims to make it simpler for the public to distinguish them from ...
Kim Yutharo
https://www.phnompenhpost.com/national/new-uniform-help-identify-non-sworn-traffic-officers
Banking loans rise 11% to $58b from January to June
Up to 238.7 trillion riel or $57.8 billion worth of loans were disbursed by banks and financial institutions in the first half of 2023, the National Bank of Cambodia (NBC) shared in an X post this morning, noting its increase of 10.5 percent year-on-year. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/banking-loans-rise-11-to-58b-from-january-to-june
Rehabilitating drug users urged to strive for a new life
Chea Somethy, Minister of Social Affairs, Veterans and Youth Rehabilitation encouraged drug addicts to engage in sports and patiently create a new future while assuring them that society does not stigmatise victims or people who have a history of drug use. ...
Torn Vibol
https://www.khmertimeskh.com/501367052/rehabilitating-drug-users-urged-to-strive-for-a-new-life/
Environment ministry set to trial e-waste collection
The Ministry of Environment is partnering with a private company to organise the safe collection of electrical waste, or e-waste. The new project comes as the ministry’s pilot battery collection scheme reaches the one year mark. Battery disposal bins have been placed in gas stations, ...
Lay Samean
https://www.phnompenhpost.com/national/environment-ministry-set-trial-e-waste-collection
Fishing, tourist vessels suspended for four day storm
The Preah Sihanouk and Koh Kong provincial administrations have instructed authorities to warn people not to cross the sea or fish, as the Ministry of Water Resources and Meteorology has issued a warning for bad weather July 11-14. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/fishing-tourist-vessels-suspended-four-day-storm
Ministry boosts building inspections to improve safety
With Phnom Pehn’s skyline inching ever higher, the Ministry of Land Management Urban Planning and Construction has enhanced building inspections to improve the quality and safety of structures, as construction flaws or poor inspection of high-rises puts the public at risk. ...
Torn Vibol
https://www.khmertimeskh.com/501147608/ministry-boosts-building-inspections-to-improve-safety/
Salt off to a shaky start as weather disappoints
Less-than-ideal rainfall patterns in January and early February have kept salt production in Kampot province at a pretty low level this season, or below two kilotonnes by some approximations, whereas an estimated 70-100 kilotonnes per annum are required to meet domestic consumption demand. ...
Hin Pisei
https://www.phnompenhpost.com/business/salt-shaky-start-weather-disappoints
GDT brings in $20.9M of e-commerce VAT over Q1
The General Department of Taxation (GDT) announced that it collected 84.67 billion riel, or $20.91 million, in value-added tax (VAT) from e-commerce in the first quarter of the year, which is seen as a reflection of the boom in online transactions witnessed since the advent ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-brings-209m-e-commerce-vat-over-q1
Workers, families feel rising market’s pressure: Economy 2022
As Cambodia touted recovering trade and GDP growth, thousands took to the streets this year over repression at work or struggles in the market. The year marked a return to money and goods flowing quickly and unevenly, as the country faced reports of rising poverty and ...
Michael Dickison
https://www.vodkhmer.news/2022/12/30/workers-families-feel-rising-markets-pressure-economy-2022/
Q1 milled rice exports soar to $126M on Europe sales uptick
Cambodia exported milled rice worth $126 million overseas in the first three months of 2023 – an increase of $20.9 million, or about 19.9 per cent, over the same period last year, according to data from the General Department of Customs and Excise of Cambodia ...
Van Socheata
https://www.phnompenhpost.com/national/q1-milled-rice-exports-soar-126m-europe-sales-uptick
MEF will soon gather taxable real estate data
The Ministry of Economy and Finance (MEF) on Monday released a proclamation to collect and compile real estate data in four new towns of three different provinces in Cambodia by providing tax exemption to owners who have immovable properties registered with the General Department of ...
Kang Sothear
https://www.khmertimeskh.com/501303667/mef-will-soon-gather-taxable-real-estate-data/
Ex-Finance Minister’s Sister Buys Up More Ethnic Jarai Lands
About 50 ethnic Jarai families in Ratanakkiri province’s O’Yadaw district have sold their farmland and part of the forests their culture depends on to the sister of former Finance Minister Keat Chhon, rights group Adhoc said Monday. Last year, the ethnic minority Jarai in the district ...
Aun Pheap
http://www.cambodiadaily.com/news/ex-finance-ministers-sister-buys-up-more-ethnic-jarai-lands-45093/
EU Parliamentarian Probes Sugar Plantations in Cambodia
A member of the European Parliament is in Cambodia investigating agri-business firms accused of evicting hundreds of families while benefiting from a free-trade scheme with Europe worth millions of dollars, according to the NGO Equitable Cambodia. The visit from France’s Patrice Tirolien follows a resolution the ...
Zsombor Peter
http://www.cambodiadaily.com/news/eu-parliamentarian-probes-sugar-plantations-in-cambodia-51166/
Matthew Warren
![matt](https://opendevelopmentcambodia.net/wp-content/uploads/2014/10/Matt-150x150.jpg)
Santa Clara UniversityLegal Research Intern, Jun – Jul 2013Matt is from Santa Clara University School of Law in the USA. He came to ODC after his first year, and he prepared a draft briefing paper on Cambodia’s legal framework for investment, as well as a ...