Move to unify non-banking finance regulators
A new non-banking financial services draft law designed to combine all non-banking regulators has been sent for legislative approval by Prime Minister Hun Sen during his most recent council of ministers meeting. ...
Kuch Nithatevy
https://www.khmertimeskh.com/50763856/move-to-unify-non-banking-finance-regulators/
Prolonged VAT exemptions to benefit farmers
As revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. ...
Thou Vireak
https://www.phnompenhpost.com/business/prolonged-vat-exemptions-benefit-farmers
Power grid upgrades expand service, improve reliability
State-run electricity utility Electricite du Cambodge (EDC) has inaugurated a new substation and 230kV high-voltage transmission line in Tbong Khmum province as part of the government’s efforts to promote electrical-grid stability for the public and industries. ...
Thou Vireak
https://www.phnompenhpost.com/business/power-grid-upgrades-expand-service-improve-reliability
Management of Cambodian local funds under transparency review
The Asia Foundation and Silaka with support from the New Zealand Ministry of Foreign Affairs and Trade this week launched a three-year project to promote the transparent and accountable management of local funds in Cambodia. ...
Sok Chan
https://www.khmertimeskh.com/50813450/management-of-cambodian-local-funds-under-transparency-review/
$2.4 million bag and shoe factory gets CDC’s nod
The Council for the Development of Cambodia (CDC) has approved a new garment factory in Kandal province. Auspicious Bag and Shoes Accessories Co Ltd is investing $2.4 million in the project at Kraing Makak in Ang Snuol district. ...
Michael Firn
https://www.khmertimeskh.com/50920851/2-4-million-bag-and-shoe-factory-gets-cdcs-nod/
$30 million ADB financing to support Cambodia’s COVID-19 response
The Asian Development Bank (ADB) has approved $30 million in financing to help strengthen Cambodia’s health system amid a surge in new infections and sustained community transmission of the coronavirus disease (COVID-19), said ADB in a press release. ...
Khmer Times Staff
https://www.khmertimeskh.com/50948240/30-million-adb-financing-to-support-cambodias-covid-19-response/
Oz study plants roots for nine crops
The Cambodia-Australia Agricultural Value Chain (Cavac) programme on August 25 released a study identifying nine high-value crops with strong export potential in China, the EU, ASEAN, Australia and New Zealand. ...
Thou Vireak
https://www.phnompenhpost.com/business/oz-study-plants-roots-nine-crops
CDC endorses 12 projects worth over $79M as of Aug 23
The Council for the Development of Cambodia (CDC) has approved final registration certificates for 12 projects with capital investment of over $79 million this month as of August 23, which could generate a reported 4,048 new jobs. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-endorses-12-projects-worth-over-79m-aug-23
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
South Korea FTA set to be signed Oct 26
The Cambodia-South Korea Free Trade Agreement (CKFTA) is set to be signed on October 26, ushering in a new chapter that will open up fresh avenues in trade and investment between the two Asian nations, according to a senior Ministry of Commerce official. ...
May Kunmakara
https://www.phnompenhpost.com/business/south-korea-fta-set-be-signed-oct-26
Community cases surge as Cambodia records highest ever Omicron daily total
Cambodia recorded it’s 5th consecutive day of triple digit daily new Omicron cases with the highest ever daily Omicron total and the highest all variant total since October 17th 2021. ...
Khmer Times Staff
https://www.khmertimeskh.com/501021963/community-cases-surge-as-cambodia-records-highest-ever-omicron-daily-total/
World Bank approves funds for healthcare project
The World Bank has approved $113 million in new financing to improve access to quality healthcare in Cambodia focusing on poor and vulnerable people and supporting effective responses to health crises. ...
Long Kimmarita
https://www.phnompenhpost.com/national/world-bank-approves-funds-healthcare-project
Oxfam, Sai team up on Mekong
Oxfam Cambodia has launched a new campaign, “Along the Mekong River with Sai”, to promote the importance of the river. Celebrity environment activist Uon Pakthom, a Cambodian singer and performer better known as Sai, was chosen by Oxfam as a Goodwill Ambassador to lead the ...
Long Kimmarita
https://www.phnompenhpost.com/national/oxfam-sai-team-mekong
World Bank approves funds for healthcare project
The World Bank has approved $113 million in new financing to improve access to quality healthcare in Cambodia focusing on poor and vulnerable people and supporting effective responses to health crises. ...
Long Kimmarita
https://www.phnompenhpost.com/national/world-bank-approves-funds-healthcare-project
Forces to keep eye on migrants
Authorities along the Cambodian-Thai border continue to maintain tight security and prevent workers from illegally crossing the border into Thailand following the Khmer New Year, as the number of workers returning from the neighbouring country begins to decrease. ...
Lay Samean
https://www.phnompenhpost.com/national/forces-keep-eye-migrants
Minister: Cambodia makes good progress in education reform
Minister of Education, Youth and Sport Hang Chuon Naron stated that during the past five years of education reform, the ministry has established two models: New Generation Schools (NGS) and the introduction of an effective school-based management system. ...
Voun Dara
https://www.phnompenhpost.com/national/minister-cambodia-makes-good-progress-education-reform
Waste collection fee defaulters to be ‘shamed’
People not paying for solid waste management services face being publicly humiliated warned the Phnom Penh municipal government yesterday, adding that the new waste collection fee list was introduced in November 2021, but many residents and businesses have failed to implement it. ...
Hang Punreay
https://www.khmertimeskh.com/501095722/waste-collection-fee-defaulters-to-be-shamed/
Tet presents given to revolution contributors, poor people in Cambodia
The Vietnam Embassy in Cambodia, the Khmer-Vietnamese Association, and Sacombank Cambodia on January 11 gave Lunar New Year (Tet) presents to Cambodians of Vietnamese origin with disadvantaged circumstances living in Phnom Penh. ...
Khmer Times Staff
https://www.khmertimeskh.com/501218479/tet-presents-given-to-revolution-contributors-poor-people-in-cambodia/
CSX sets ambitious targets for 2023 as GDP picks up
A mix of equity and bond listings are expected to double Cambodia Securities Exchange (CSX)’s total new securities to 14 in 2023, the CSX said on Wednesday. ...
Kiripost staff writers
https://kiripost.com/stories/cambodia-csx-sets-ambitious-targets-for-2023-as-gdp-picks-up