Cambodia’s banking industry sees three percent GDP growth last year despite pandemic, $38.5 billion in deposits
Cambodia’s banking industry had seen robust growth in loans and deposits in 2021 despite the impact of the COVID-19 pandemic, according to a report of the National Bank of Cambodia (NBC) on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501008197/cambodias-banking-industry-sees-three-percent-gdp-growth-last-year-despite-pandemic-38-5-billion-in-deposits/
CDC approves $300 million worth of investment projects
Council for the Development of Cambodia (CDC) this week approved two new investment projects with a total capital of $303 million in Rattanakiri and Preah Sihanouk provinces. ...
Khmer Times Staff
https://www.khmertimeskh.com/501013321/cdc-approves-300-million-worth-of-investment-projects/
Cambodia studies impacts of undersea fiber optic cables
The Kingdom is studying the environmental impacts from the construction of undersea fiber optic cables connecting Hong Kong to Preah Sihanouk province at a distance of over 300km. ...
Lay Samean
https://www.phnompenhpost.com/national/cambodia-studies-impacts-undersea-fiber-optic-cables
GDT gears up to block unregistered companies’ electronic transactions
The General Department of Taxation of the Ministry of Economy and Finance has sought cooperation from 49 Internet companies in Cambodia to block electronic transactions should those enterprises are not registered. ...
Chea Vanyuth
https://www.khmertimeskh.com/501021382/gdt-gears-up-to-block-unregistered-companies-electronic-transactions/
Tax revenues reaches $288 million in January 2022
The General Department of Taxation (GDT) of the Ministry of Economy and Finance collected $288.23 million in the first month of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501028271/tax-revenues-reaches-288-million-in-january-2022/
Royal Government launches policy to transform digital landscape of Cambodia
Telecommunications Minister Chea Vandeth stated that the Royal Government has launched a plan to transform Cambodia into vibrant digital economy and society. ...
Khmer Times Staff
https://www.khmertimeskh.com/501033702/royal-government-launches-policy-to-transform-digital-landscape-of-cambodia/
GDT collects over half a billion dollars in tax revenue from Jan-Feb
The General Department of Taxation (GDT) collected 2.07466 trillion riel, or $512.26 million, in taxes in the first two months of 2022, surging by 22.69 per cent over the same period last year, according to its director-general Kong Vibol on March 14. ...
Hom Phanet
https://www.phnompenhpost.com/business/gdt-collects-over-half-billion-dollars-tax-revenue-jan-feb
Education ministry set to host ASEAN socio-cultural community meetings
The Cambodian Ministry of Education, Youth and Sport, which represents the the ASEAN Socio-Cultural Community (ASCC) this year, will organise three key virtual meetings on March 28-30. ...
Mom Kunthear
https://www.phnompenhpost.com/national/education-ministry-set-host-asean-socio-cultural-community-meetings
EuroCham Cambodia and GMAC ink agreement to better support European brands sourcing from Cambodia
EuroCham Cambodia and GMAC have signed a Memorandum of Understanding (MoU) that will remain in force for an indefinite duration and defines a clear set of joint actions by the two associations for the coming years. ...
Khmer Times Staff
https://www.khmertimeskh.com/501045339/eurocham-cambodia-and-gmac-ink-agreement-to-better-support-european-brands-sourcing-from-cambodia/
Rubber latex, wood exports worth over $77M in Jan-Feb
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- Agriculture / Exports / Rubber / Trade
Cambodia netted more than $77 million from rubber latex and wood exports in the first two months of 2022, according to data released by the Ministry of Agriculture, Forestry and Fishery’s General Directorate of Rubber. ...
Hin Pisei
https://www.phnompenhpost.com/business/rubber-latex-wood-exports-worth-over-77m-jan-feb
Measures to control the use of chemical drugs in investment companies
On 23 March 2022, the Council for the Development of Cambodia issued a notification on measures to control the use of chemical drugs in investment companies. Companies must follow 5 points stated in the notification. ...
Council for the Development of Cambodia
Tax income collection rises by 22 percent in Q1
The General Department of Taxation at the Ministry of Economy and Finance collected $1,263 million as tax income from the first three months of this year, a 22 percent increase compared to the same period last year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501060747/tax-income-collection-rises-by-22-percent-in-q1/
‘Best New Banknote’ award for 15,000 riel bill delivered to NBC chief
The National Bank of Cambodia (NBC) has finally been delivered the 2019 “Best New Banknote” award received for its 15,000 riel banknote by representatives from the printing company Landqart AG after a long wait due to pandemic-induced border restrictions. ...
Ry Sochan
https://www.phnompenhpost.com/national/best-new-banknote-award-15000-riel-bill-delivered-nbc-chief
Customs collected nearly $600 million in revenue in the first quarter of this year
The General Department of Customs and Excise of Cambodia (ACC) collected 2,428.6 billion Riels, equivalent to $597.6 million or approximately 23.2percent of the plan set by the Financial Law for 2022 management. ...
Khmer Times Staff
https://www.khmertimeskh.com/501059681/customs-collected-nearly-600-million-in-revenue-in-the-first-quarter-of-this-year/
Internet users go up 120 percent in six years
The number of Internet subscribers in Cambodia has gone up to 17.872 million last year from 8.099 million in 2016, a 120 percent increase compared to 2016, according to data from the Telecommunication Regulator of Cambodia (TRC). ...
Chea Vanyuth
https://www.khmertimeskh.com/501085471/internet-users-go-up-120-percent-in-six-years/
Cambodia calls for strengthening ASEAN’s solidarity
Cambodia’s Foreign Minister Prak Sokhonn said here on Tuesday that the Association of Southeast Asian Nations (ASEAN) needs to strengthen its centrality, unity, and solidarity to address key challenges for the sake of regional and global peace, security, and sustainable development. Cambodia is the chair ...
Khmer Times Staff
https://www.khmertimeskh.com/501085856/cambodia-calls-for-strengthening-aseans-solidarity/
Tax collection crosses 50 percent of financial plan
Cambodia’s tax collection went up in the first four months of this year, reflecting economic activities’ recovery since the government fully reopened the country last November. ...
Chea Vanyuth
https://www.khmertimeskh.com/501075852/tax-collection-crosses-50-percent-of-financial-plan/
Landmines pose threat to over a million people in Cambodia
More than one million people in Cambodia still live in fear and work in areas contaminated by mines and explosive remnants of war (ERWs), a senior official said here on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501079403/landmines-pose-threat-to-over-a-million-people-in-cambodia/
Cambodia, Sri Lanka to promote tourism cooperation
Cambodia and Sri Lanka on Tuesday signed a memorandum of understanding (MoU) on tourism cooperation, paving the way for the two sides to promote direct flights and tourism exchanges. ...
Khmer Times Staff
https://www.khmertimeskh.com/501073247/cambodia-sri-lanka-to-promote-tourism-cooperation/
Meeting of the National Steering Committee of Regional Economic Development Program IV (RED IV) and Improved Competitiveness of National Enterprises (ICONE)
On 4 May 2022, the Council for the Development of Cambodia issued a press release on the meeting of the National Steering Committee of Regional Economic Development Program IV (RED IV) and Improved Competitiveness of National Enterprises (ICONE). His Excellency Chhieng Yanara chaired a meeting ...
Council for the Development of Cambodia
