NBC: Financial institutions in H1 restructure $5.5 billion in loans
The Kingdom’s banking and financial institutions have restructured 22.2 trillion riel ($5.5 billion) in loans for 367,239 borrowers in the first half of this year, to ease the burden on the public as the ongoing coronavirus outbreak dampens economic activity, according to the National Bank ...
Thou Vireak
https://phnompenhpost.com/business/nbc-financial-institutions-h1-restructure-55-billion-loans
Consumer protection norms to ensure post-Covid business harmony: minister
Minister of Commerce Pan Sorasak reiterated a called for businesspeople to fulfil their obligations to protect consumers in accordance with the laws and regulations in force and contribute to the shared overarching objectives of harmonisation and sustainable development. ...
Thou Vireak
https://www.phnompenhpost.com/business/consumer-protection-norms-ensure-post-covid-business-harmony-minister
IMF lauds Kingdom’s early-Covid moves
International Monetary Fund (IMF) resident representative for Cambodia Yasuhisa Ojima is optimistic that Cambodia’s economy will see a quick recovery that reflects the “proactive measures” taken by the government to blunt the socio-economic impacts of Covid-19. ...
May Kunmakara
https://www.phnompenhpost.com/business/imf-lauds-kingdoms-early-covid-moves
2nd phase of business registration system up
The Royal Government of Cambodia (RGC) on September 1 deployed Phase II of its online business registration platform, known as the “Single Portal”. ...
Thou Vireak
https://www.phnompenhpost.com/business/2nd-phase-business-registration-system
Cambodia plans the inaugural issuance of $300 million sovereign bonds of $300 million next year
The Royal Government of Cambodia plans to issue the first $300 million worth sovereign bond to raise fund to finance public investment projects, aiming at boosting the country’s economic growth and productivity. ...
Khmer Times Staff
https://www.khmertimeskh.com/50958999/cambodia-plans-the-inaugural-issuance-of-300-million-sovereign-bonds-of-300-million-next-year/
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
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’s public debt remains at low risk
The Royal Government of Cambodia had a total public debt of $9.47 billion as of September 2022, the Ministry of Economy and Finance said, affirming that the public debt remained at low risk. ...
Khmer Times Staff
https://www.khmertimeskh.com/501203061/cambodias-public-debt-remains-at-low-risk/
PM appreciates GDT for increased tax collection
Prime Minister Hun Sen lauded the General Department of Taxation (GDT) for its efforts in collecting tax revenue that exceeded the budget plan in 2022, adding that the increased tax revenue contributed to the national economic development. ...
Chea Vanyuth
https://www.khmertimeskh.com/501230997/pm-appreciates-gdt-for-increased-tax-collection/
$3.4b collected in taxes in 2022
A total of $3.4 billion was collected in taxes in 2022, marking a 23.96 percent increase from 2021. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-34b-collected-in-taxes-in-2022
KHQR records 400K transactions in one year
In one year since its official rollout in 2022 by the National Bank of Cambodia, KHQR, the universal quick response (QR) platform of the country for digital payments, has recorded nearly 400,000 transactions. ...
Manoj Mathew
https://www.khmertimeskh.com/501336016/khqr-records-400k-transactions-in-one-year/
Announcement of General Department of Identification on information related to the arrest of foreigners who committed crimes in Singapore in connection with money laundering
On 15 September 2023, the General Department of Identification issued an announcement on information related to the arrest of foreigners who committed crimes in Singapore in connection with money laundering on their official website. According to the announcement, Granting Cambodia nationality is in accordance with the ...
General Department of Identification
E-commerce tax earnings hit $52.2M in first 8 months
Up to 211.2 billion riel or $52.2 million of e-commerce tax revenue was collected by the General Department of Taxation (GDT) in the first eight months of 2023 amid rapid online business growth around the world, including Cambodia. ...
Hin Pisei
https://www.phnompenhpost.com/business/e-commerce-tax-earnings-hit-522m-first-8-months
Inflation nears 8 percent, riel depreciates, trade deficit narrows in June
Cambodia’s inflation has risen to 7.85 percent in June 2022 compared on a year-on-year basis to 7.17 percent the previous month, which was the highest in the last decade, while the value of Riel has fallen 0.07 percent to 4,091 riel per US dollar and ...
Kang Sothear
https://www.khmertimeskh.com/501166675/inflation-nears-8-percent-riel-depreciates-trade-deficit-narrows-in-june/
Cambodia collects $3.26 billion in tax revenue in H1, up 22 percent
Cambodia collected $3.26 billion from all sources of taxes in the first half of 2022, up 22 percent from 2.67 billion dollars over the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116922/cambodia-collects-3-26-billion-in-tax-revenue-in-h1-up-22-percent/
$25.4M projects to create 6500 jobs
In continuance with the policy to strengthen the Covid pandemic-scarred economy and push for growth, the Council for the Development of Cambodia (CDC) has recently approved projects worth $25.4 million. They are expected to generate around 6,500 job opportunities. ...
Khmer Times Staff
https://www.khmertimeskh.com/501174204/25-4m-projects-to-create-6500-jobs/
Government decides to release additional $30 million for mine clearance
The Royal Government of Cambodia has decided to release an additional $30 million from its savings for mine and UXO clearance to reach the goal of mine-free Cambodia by 2025. ...
Khmer Times Staff
https://www.khmertimeskh.com/501195307/government-decides-to-release-additional-30-million-for-mine-clearance/
Investments in Kingdom rise by 7 percent in Q1
In the first quarter of 2022, the number of projects approved by the Council for the Development of Cambodia reached 47, an increase of 6.8 percent and the total investment touched $2,520.6 million, an increase of 14.2 percent over the same period in 2021, according ...
Sok Sithika
https://www.khmertimeskh.com/501102954/investments-in-kingdom-rise-by-7-percent-in-q1/
GDT collects $2,680 million in tax income as of Sept
The General Department of Taxation (GDT) has collected $2,680 million in tax income in three quarters of this year, representing 95 percent of the national budget plan 2022. ...
Chea Vanyuth
https://www.khmertimeskh.com/501159641/gdt-collects-2680-million-in-tax-income-as-of-sept/
