CGCC gave $92m business loans in 2022
CGCC dished out more than $92 million in 985 business loans in 2022, providing a financial lifeline to companies battling against the impact of Covid-19 and global inflation. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-cgcc-gave-92m-business-loans-in-2022
Cambodia, Pakistan mull joint trade-body committee
Cambodia and Pakistan have agreed to look into setting up a joint committee between the two countries’ apex business associations, to unlock the envisaged potential of two-way trade and investment, and boost import-export flows beyond their historically limited levels, according to a Ministry of Commerce ...
Van Socheata
https://www.phnompenhpost.com/business/cambodia-pakistan-mull-joint-trade-body-committee
Three more investment projects worth over $16 million approved
The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of $16.2 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501258971/three-more-investment-projects-worth-over-16-million-approved/
Government approves new draft law on taxation
The Cambodian government on Friday approved a new draft taxation law which is said to contribute to promoting and enhancing the Cambodian business sector, increase the favorable investment environment, and strengthen fiscal compliance. ...
Chea Vanyuth
https://www.khmertimeskh.com/501266503/government-approves-new-draft-law-on-taxation/
Cambodia’s Q1 international trade at $11.3 billion
Cambodia’s international trade decreased 14.5 percent to $11.3 billion in the first quarter of 2023, according to a report from the General Department of Customs and Excise yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501271231/cambodias-q1-international-trade-at-11-3-billion/
Cambodia’s imports of oil, gas, coal surge 7.8 percent in Q1
Cambodia’s imports of oil, gas and coal rose by 7.8 percent in the first quarter of 2023, said a report from the General Department of Customs and Excise on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501271456/cambodias-imports-of-oil-gas-coal-surge-7-8-percent-in-q1/
39 investment projects approved in Q1
The Council for the Development of Cambodia approved 39 fixed asset investment projects worth $294 million in the first quarter of this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501271799/39-investment-projects-approved-in-q1/
NBC closes 104 rural credit institutions
The Coalition of Cambodia Farmers Community said on Thursday that the recent shutdown of 104 rural credit institutions that provided loans to farmers will not affect their livelihoods, saying that past interest rates were high. ...
Meas Molika
https://kiripost.com/stories/cambodia-nbc-closes-104-rural-credit-institutions
SME Bank released $53M for tourism business firms
Small and Medium Enterprise Bank of Cambodia Plc. has approved loans to 346 tourism-related firms totalling $53.46M or 35.64 percent of the $150M budget, said a top official of the bank. ...
Nhean Chamrong
https://www.khmertimeskh.com/501288915/sme-bank-released-53m-for-tourism-business-firms/
Cambodia clears 9 investment plans in garment, footwear, travel goods
The Cambodian Investment Board under the Council for the Development of Cambodia (CDC) recently approved investment proposals for 11 more companies, creating 11,000 jobs. The companies will have a total investment of $57.3 million. Nine of these are in the garment, footwear and travel goods ...
Khmer Times Staff
https://www.khmertimeskh.com/501239855/cambodia-clears-9-investment-plans-in-garment-footwear-travel-goods/
NBC inks new payment connectivity pacts
National Bank of Cambodia (NBC) on Thursday created a new milestone for the country by inking deals with the central banks of the Republic of Fiji and the Solomon Islands to exchange knowledge and experience on financial innovation and inclusion as well as to share ...
Kang Sothear
https://www.khmertimeskh.com/501245618/nbc-inks-new-payment-connectivity-pacts/
Vehicle assembly investments roll into Kingdom
At least five investment projects on vehicle assembly have been approved and the constructions are set to be completed soon in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501248460/vehicle-assembly-investments-roll-into-kingdom/
Riel-based deposits and lending help NBC’s de-dollarisation efforts
The banking system has played a crucial role in supporting Cambodia’s recovery from the economic downturn in the wake of Covid-19 with National Bank of Cambodia (NBC) pursuing an accommodative and prudent monetary policy to meet the needs of the economy. ...
Manoj Mathew
https://www.khmertimeskh.com/501263299/riel-based-deposits-and-lending-help-nbcs-de-dollarisation-efforts-2/
Cambodia approves 5 new factories worth over $50mn
Five companies have been granted investment plan registration certificates by the Cambodian Investment Board (CIB), part of the Council for the Development of Cambodia (CDC). These firms, are mainly involved in textiles and garments and plan to set up factories across the country, investing around ...
Khmer Times Staff
https://www.khmertimeskh.com/501323430/cambodia-approves-5-new-factories-worth-over-50mn/
NBC navigating China’s cross-border interbank payment system: Serey
Cambodia’s journey towards becoming a member of the Chinese central bank’s Cross-Border Interbank Payment System (CIPS) will require more time due to the “stringent conditions” put forth by the central bank, according to National Bank of Cambodia (NBC) deputy governor Chea Serey. ...
Van Socheata
https://www.phnompenhpost.com/business/nbc-navigating-chinas-cross-border-interbank-payment-system-serey
CDC approves three more investment projects worth over $15 million
The Council for the Development of Cambodia (CDC) has given green light to three new investment projects with a total capital of $15.4 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501299554/cdc-approves-three-more-investment-projects-worth-over-15-million/
GDT announces collection of tax on means of transportation and all types of vehicles for 2023
The General Department of Taxation on May 30, issued a notification to collect tax on all means of transportation and vehicles for 2023 from June 1 to November 30, 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501299770/gdt-announces-collection-of-tax-on-means-of-transportation-and-all-types-of-vehicles-for-2023/
CDC approves three new investment projects worth over $23 million
The Council for the Development of Cambodia (CDC) has given green light to three new investment projects with a total capital of $23.2 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501301040/cdc-approves-three-new-investment-projects-worth-over-23-million/
Camera captures endangered serow
Ministry of Environment spokesman Neth Pheaktra displayed a photograph of a rare Sumatran serow (Capricornis sumatraensis sumatraensis), also known as the southern serow, that was captured by a camera trap in one of the Kingdom’s protected areas. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/camera-captures-endangered-serow
PM calling for labour rights, swift resolutions
Prime Minister Hun Sen has called on provincial governors to safeguard workers’ rights and promptly address labour issues at the grassroots level, without waiting for intervention from the labour ministry. ...
Sok Raksa
https://www.phnompenhpost.com/national/pm-calling-labour-rights-swift-resolutions