Commercial Court could function ‘as early as 2024’: Justice ministry officials
A Ministry of Justice official said that a Commercial Court could be established and put into action as soon as 2024. Addressing the February 2 “AmCham Business Law Conclave: Critical Updates That You Need to Know for 2023” in Phnom Penh, justice ministry secretary of state ...
Orm Bunthoeurn
https://www.phnompenhpost.com/business/commercial-court-could-function-early-2024-justice-ministry-officials
Cambodian exports to Canada up 17% in 2022
The Cambodia-Canada merchandise trade in 2022 was valued at $1.154 billion, soaring by 16.06 per cent over 2021, while the Kingdom’s exports to the second largest economy of the Americas accounted for 97.07 per cent, edging up by 1.08 percentage points on-year, according to the ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-exports-canada-17-2022
Electronics imports surge one-third on-year: ministry
Cambodia imported $904.3 million worth of “electronics” in 2022 – surging by 33.2 per cent from $678.9 million in 2021 – with the fourth quarter accounting for the lion’s share at 28.61 per cent of the annual total, according to figures from the finance ministry’s ...
Hin Pisei
https://www.phnompenhpost.com/business/electronics-imports-surge-one-third-year-ministry
Ministry of Public Works sells $ 61 million in special license plate and personal plate numbers
Ministry of Public Works and Transport said that the sale of special license plate numbers and personal license plate numbers for cars totaled more than 180,000 license plates, including with a total budget of more than $ 61 million in the first nine months of ...
Long Kimmarita
https://www.postkhmer.com/national/2021-10-01-0856-224490.html
Right-hand drive vehicles no longer allowed after June 2022
A senior official at the Council of Ministers warned owners of right-hand drive vehicles that they must change their vehicles over to left-hand drive by June, 2022, or risk having them seized and destroyed. He also noted that beginning in 2021 all privately owned vehicles ...
Lay Samean
https://www.phnompenhpost.com/national/right-hand-drive-vehicles-no-longer-allowed-after-june-2022
Minister of Justice again instructs to expedite court proceedings to help resolve prison overcrowding
The Minister of Justice, Mr. Keut Rith, once again instructed the President of the Municipal Court, the Prosecutor of the Capital-Provincial Court to expedite the proceedings in the prosecution, investigation and trial phase to contribute to resolving overcrowding in prisons, especially in the context of ...
Voun Dara
https://www.postkhmer.com/national/2021-10-27-0858-225749.html
Rough gemstone import-export down 45%
Cambodia has issued 36 certificates for the import and export of a total of $24 million worth of precious and industrial-grade rough gemstones in 2021, down by 45 per cent from $43.7 million in 2020, covered by 45 permits, according to Ministry of Commerce data. ...
Hin Pisei
https://www.phnompenhpost.com/business/rough-gemstone-import-export-down-45
Sorasak sees Cambodia-Czech bilateral trade boost in 2022
The trade volume between Cambodia and Czech Republic reached around $126 million in 2019. However, due to the adverse impact of Covid-19, trade between both countries shrank to about $80 million by 2020 and 2021. But Cambodia’s Minister of Commerce Pan Sorasak expects an improvement ...
Sok Sithika
https://www.khmertimeskh.com/501034800/sorasak-sees-cambodia-czech-bilateral-trade-boost-in-2022/
UN’s Kingdom LDC graduation triennial review in 2024
Following confirmation of Cambodia’s eligibility to depart from the least developed country (LDC) status for the first time ever in 2021, the UN has stated graduation could be recommended “as early as 2027”, so long as the same standards are met when the Committee for ...
Josh Downs
https://www.khmertimeskh.com/501060143/uns-kingdom-ldc-graduation-triennial-review-in-2024/
Mainland China largest merchandise trading partner of Cambodia in 2022
Mainland China was Cambodia’s largest merchandise trading partner last year, with a volume of $11.686 billion—up by 4.39 per cent over the 2021 figure. The former’s exports to the latter accounted for 89.38 per cent share—up by 2.87 percentage points on a yearly basis, according ...
Khmer Times Staff
https://www.khmertimeskh.com/501219676/mainland-china-largest-merchandise-trading-partner-of-cambodia-in-2022/
First two days of voter registration nets over 30K new voters
The National Election Committee (NEC) confirmed that in the first two days of new registration on October 20-21 for next year’s national election, more than 30,000 new voters had registered, while nearly 6,000 people have been de-listed. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/first-two-days-voter-registration-nets-over-30k-new-voters
Hi-tech wastewater plants ‘improving’ S’ville environment
Since the 2021 opening of a second high-tech wastewater treatment plant in Sihanoukville, the environment of Preah Sihanouk province has steadily improved, with a reduction in pollution and an increase in maritime biodiversity, said the Ministry of Environment. ...
Sem Pisey
https://www.phnompenhpost.com/national/hi-tech-wastewater-plants-improving-sville-environment
Cambodian exports to Canada up 17% in 2022
The Cambodia-Canada merchandise trade in 2022 was valued at $1.154 billion, soaring by 16.06 per cent over 2021, while the Kingdom’s exports to the second largest economy of the Americas accounted for 97.07 per cent, edging up by 1.08 percentage points on-year, according to the ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-exports-canada-17-2022
NBC: Int’l reserves $17.8B at end-2022
The Kingdom’s international reserves ended 2022 at $17.8 billion, equivalent to seven months of import cover, compared to $20.3 billion and 8.1 months at end-2021, which pundits affirm is still high for a developing country given the recent global financial crisis, signalling positive levels of ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-intl-reserves-178b-end-2022
Cambodian agri exports rise 7.8% to 8.6M tonnes
Cambodia formally exported 8.6 million tonnes of agricultural products to 74 markets last year worth nearly $5 billion, up 7.8 per cent from the 7.9 million tonnes booked in 2021, as agriculture contributed 22.2 per cent of the Kingdom’s 2022 gross domestic product (GDP), according ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-agri-exports-rise-78-86m-tonnes
Global economy will slow for a third straight year in 2024, World Bank predicts
That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...
Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts
Ministry eyes 100% land registrations
The Ministry of Land Management, Urban Planning and Construction pledged to complete registering up to 94 per cent of land by next year and 100 per cent of some seven million plots by 2021. To that end, the ministry on Thursday launched its 21-point plan ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/ministry-eyes-100-land-registrations
Stamp duty tax exemption extended for another year
The government has decided to extend the stamp duty tax exemption deadline for property worth less than $70,000 from January to December 2021. The official announcement, released this week, is intended to boost the economy by encouraging more property transactions. In its announcement, the government ...
Jason Boken
https://www.khmertimeskh.com/50797156/stamp-duty-tax-exemption-extended-for-another-year/
‘New normal’ recovery map afoot
Cambodia is designing policy for 2021-2023 to chart a path for sustainable and inclusive economic recovery from the Covid-19 crisis, with an approach that ensures peace, security, social stability and public order on the path to the “new normal”, enhances competitiveness and promotes economic diversification ...
Hin Pisei
https://www.phnompenhpost.com/business/new-normal-recovery-map-afoot
Cambodia pledges cooperation in push for inclusive cyberspace
Minister of Post and Telecommunications Chea Vandeth said Cambodia is ready to join with ASEAN member states toward a safe and inclusive cyberspace. Vandeth made the remarks while attending the 6th ASEAN Ministerial Conference on Cybersecurity (AMCC) and Singapore International Cyber Week 2021 (SICW) held ...
Ry Sochan
https://www.phnompenhpost.com/national/cambodia-pledges-cooperation-push-inclusive-cyberspace