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GDT earns nearly $540 million in January-February

The General Department of Taxation (GDT) has collected $539 million as tax income in the first two months of this year, representing 15 percent of the national budget plan 2023. ...

Khmer Times Staff
https://www.khmertimeskh.com/501256139/gdt-earns-nearly-540-million-in-january-february/

Press release on the memorandum of understanding (MoU) on "Cross border payment and remittance cooperation" between the National Bank of Cambodia and NPCI International Payments Limited

On 17 April 2023, the National Bank of Cambodia issued a press release on the memorandum of understanding (MoU) on “Cross border payment and remittance cooperation” between the National Bank of Cambodia and NPCI International Payments Limited.H.E. Dr. Chea Serey, Deputy Governor of the National ...

National Bank of Cambodia

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Cambodia’s trade valued at over $6.8 billion in first two months

The total trade volume between Cambodia and other countries around the world reached more than $6.8 billion in the first two months of 2023, down 21.8 percent when compared to the same period last year. ...

Khmer Times Staff
https://www.khmertimeskh.com/501254157/cambodias-trade-valued-at-over-6-8-billion-in-first-two-months/

Cambodia collects $1.9 billion taxes in Q1

Cambodia collected $1.9 billion from all sources of taxes in the first quarter (Q1) of 2023, up 2 percent from nearly $1.86 billion in the same period last year, according to press statements released on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501273079/cambodia-collects-1-9-billion-taxes-in-q1/

Ministry of Post and Telecommunication petition in support of the Phnom Penh Municipal Court on the verdict of Kem Sokha

On 03 March 2022, the Ministry of Post and Telecommunication has posted a petition in support of the Phnom Penh Municipal Court on the verdict of Kem Sokha on their official social media site.According to the petition, all the civil servants under the Ministry express ...

Ministry of Post and Telecommunication

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Cambodia exports reach $9.18 billion in five months

Cambodia’s exports in the first five months of 2023 were worth $9.18 billion, down 2.4 percent from $9.41 billion for the same period last year, according to a General Department of Customs and Excise report. ...

Chea Vanyuth
https://www.khmertimeskh.com/501306111/cambodia-exports-reach-9-18-billion-in-five-months/

Potential of renewable energy sources in Cambodia’s growing market

Cambodia, a rapidly developing Southeast Asian nation, has been experiencing significant economic growth in recent years. With a GDP growth rate of 7.1% in 2019, the country has been making strides in various sectors, including agriculture, manufacturing, and tourism. One of the most critical challenges ...

Khmer Times Staff
https://www.khmertimeskh.com/501311118/potential-of-renewable-energy-sources-in-cambodias-growing-market/

Press release on the meeting on the provision of tax services to car purchasing enterprises to promote tax registration and obligation of tax obligations

On 21 June 2023, General Department of Taxation has posted a press release on the meeting on the provision of tax services to car-purchasing enterprises to promote tax registration and fulfillment of tax obligations on their official social media site. According to the press release, this ...

General Department of Taxation

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Cabinet approves $1.7B Tonle Bassac project

The Council of Ministers on Friday approved the Tonle Bassac navigation and logistics system project worth approximately $1.7 billion to maximise the potential of Cambodia’s waterway transportation by connecting the Mekong River system to the sea after a 26-month study has been completed, said a ...

Kang Sothear
https://www.khmertimeskh.com/501294139/cabinet-approves-1-7b-tonle-bassac-project/

Lack of skills is a barrier to Cambodia becoming a high middle-income country

An official of the Ministry of Economy and Finance said that the lack of skills is a barrier to Cambodia becoming a high middle-income country, according to the vision of the Royal Government. ...

Khmer Times Staff
https://www.khmertimeskh.com/501222579/lack-of-skills-is-a-barrier-to-cambodia-becoming-a-high-middle-income-country/

Banking and Financial Institutions' Code of Conduct, Lending Guidelines go into 'full implementation'

Prominent market players have affirmed that they are on board with the Banking and Financial Institutions’ Code of Conduct (BFI CoC) and associated Lending Guidelines, as well as their underlying objective to drive trust and professionalism in the field, as these sets of rules go ...

May Kunmakara
https://www.phnompenhpost.com/business/banking-and-financial-institutions-code-conduct-lending-guidelines-go-full-implementation

ACU chalks up 21,640 Jan 2023 asset declarations

The Anti-Corruption Unit (ACU) announced that it received 273 state-mandated declarations of assets and liabilities on January 20, bringing the total to 21,640. ...

Post Staff
https://www.phnompenhpost.com/national/acu-chalks-21640-jan-2023-asset-declarations

NBC pushes for de-dollarisation on 43rd Riel Day

National Bank of Cambodia (NBC) deputy governor Chea Serey on March 20 made a general call to keep using the local currency in day-to-day transactions, as part of de-dollarisation and other monetary policy initiatives, as a means to promote economic development. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-pushes-de-dollarisation-43rd-riel-day

Cambodia faces serious tax crimes, says Kong Vibol

Tax, economic, financial and money-laundering crimes have become major impediments in Cambodia’s march to progress said Kong Vibol, Director General of the General Department of Taxation (GDT) on Thursday. Internal tax authorities have been seriously facing tax crimes, he observed. ...

Kang Sothear
https://www.khmertimeskh.com/501261473/cambodia-faces-serious-tax-crimes-says-kong-vibol/

Kingdom’s tallest bridge to be ready by May 2025

The Royal Government of Cambodia has allocated nearly $23 million to build a bridge across the Russei Chrum River, located in Chhay Lok village, O’Som commune, Veal Veng district, Pursat province, considered to become the tallest bridge in the Kingdom. ...

Manoj Mathew
https://www.khmertimeskh.com/501272008/kingdoms-tallest-bridge-to-be-ready-by-may-2025/

GDT collects $1.34 billion in Q1 amid challenges

The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has collected more than $1.34 billion of tax revenue  in the first three months of 2023, an increase of 6.39 percent compared to the same period of the previous year, while ...

Kang Sothear
https://www.khmertimeskh.com/501280694/gdt-collects-1-34-billion-in-q1-amid-challenges/

Cambodia produced more than 11 million tonnes of rice last year

Farmers around the country saw success in the cultivation of rice last year despite hard weather conditions bringing an extended rainy season and achieved 110.40 percent of the planned rice cultivation for 2022. ...

Khmer Times Staff
https://www.khmertimeskh.com/501241911/cambodia-produced-more-than-11-million-tonnes-of-rice-last-year/

Exports near $11.5B on May-Jun lift

The value of Cambodia’s total goods exports in the first half of the year reached $11.464 billion, up more than 0.75 per cent on an annual basis from $11.379 billion and up nearly 3.25 per cent from $11.104 billion in the second half of 2022, ...

Hin Pisei
https://www.phnompenhpost.com/business/exports-near-115b-may-jun-lift

Joint media release on National Bank of Cambodia and Monetary Authority of Singapore sets up Financial Transparency Corridor to support SMEs

On 11 July 2023, the National Bank of Cambodia issued a joint media release on National Bank of Cambodia and Monetary Authority of Singapore sets up Financial Transparency Corridor to support SMEs.The FTC is an information sharing platform which will facilitate the exchange of financial ...

National Bank of Cambodia

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