Cambodia’s financial sector still ‘strong’: Belgium’s Incofin
The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA. ...
Rann Reuy
https://www.phnompenhpost.com/business/cambodias-financial-sector-still-strong-belgiums-incofin
$20.91m in VAT collected in three months
Cambodia’s General Department of Taxation (GDT) collected $20.91 million in value-added tax (VAT) on e-commerce transactions in the first quarter of 2023. ...
Seng Mengheng
https://kiripost.com/stories/2091m-in-vat-collected-in-three-months
Cambodia eying more bilateral FTAs
The Royal Government of Cambodia has been pushing for the establishment of more bilateral free trade agreements (FTAs) with main trade partners in order to access wider markets for the Cambodia-made products. ...
Khmer Times Staff
https://www.khmertimeskh.com/501232448/cambodia-eying-more-bilateral-ftas/
GDT collects over $300M in taxes for January
The General Department of Taxation (GDT) collected $300.59 million in tax revenue last month, or about 8.42 per cent of the $3.57170 billion target set in the 2023 Law on Financial Management, marking a 4.29 per cent increase over January 2022. ...
Lay Samean
https://www.phnompenhpost.com/business/gdt-collects-over-300m-taxes-january
Implementation of new income, salary tax come into effect
All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, ...
Kang Sothear
https://www.khmertimeskh.com/501213229/implementation-of-new-income-salary-tax-come-into-effect/
GDT issues guidelines for new salary tax implementation
The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) yesterday issued a set of guidelines for all enterprises that are resident taxpayers, public institutions and non-governmental organisations (NGOs) and have tax obligations to implement the new monthly salary tax from ...
Kang Sothear
https://www.khmertimeskh.com/501214800/gdt-issues-guidelines-for-new-salary-tax-implementation/
Press release of the office of the spokesperson of the Ministry of Labor and Vocational Training
On 31 January 2023, the Ministry of Labor and Vocational Training issued a press release on the intervention of providing compensation for the termination of employment contracts in accordance with the labor law to former employees of NagaWorld. As of this press release date, 262 ...
Ministry of Labor and Vocational Training
Ministry of Labour and Vocational Training's petition in support of the Phnom Penh Municipal Court on the verdict of Kem Sokha
On 03 March 2022, the Ministry of Labour and Vocational Training 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 and all teachers, ...
Ministry of Labor and Vocational Training
Cambodia approves $10 mn investment projects, creating almost 3,000 jobs
Two new investment projects worth over $10 million have been approved by the Council for the Development of Cambodia (CDC). The investment projects involve establishing a garment factory and a packaging factory, creating over 2,900 jobs. ...
Khmer Times Staff
https://www.khmertimeskh.com/501279587/cambodia-approves-10-mn-investment-projects-creating-almost-3000-jobs/
ThaiQR accessible at 1.5m Cambodian retailers
Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments. ...
Yatt Malai
https://kiripost.com/stories/thaiqr-accessible-at-150m-cambodian-retailers
PM recommends reconstruction of Coalition of Cambodian Farmer Community
Prime Minister Hun Sen has called on the Coalition of Cambodian Farmer Community (CCFC) to resume and drop three charges against employees of the institution after the Ministry of Interior temporarily suspended operations earlier this month. ...
Khuon Narim
https://khmer.cambojanews.com/pm-hun-sen-calls-for-reinstatement-of-ccfc/
Some 1,500 Bantengs counted in Cambodia
Around 1,500 Bantengs (Bos Javanicus) listed on the International Union for Conservation of Nature (IUCN)’s Red List of Threatened Species have been recorded in Cambodia’s forests. ...
Khmer Times Staff
https://www.khmertimeskh.com/501314869/some-1500-bantengs-counted-in-cambodia/
CDC green lights 15 projects worth nearly $220 million
The Cambodian Special Economic Zone Board (CSEZB) and Cambodian Investment Board (CIB) of the Council for the Development of Cambodia (CDC) have approved 15 investment projects worth $218.3 million with plans to recruit more than 17,000 employees to produce various products at different places, according ...
Kang Sothear
https://www.khmertimeskh.com/501314497/cdc-green-lights-15-projects-worth-nearly-220-million/
Contracts signed with farming families and rice production groups
A series of contracts have been implemented by 40 communities and six production groups, including a memorandum of understanding (MoU) with a microfinance institution to guarantee payment at harvest time to 2,236 farming families. ...
Meas Molika
https://kiripost.com/stories/contracts-signed-with-farming-families-and-rice-production-groups
NBC expanding Bakong operations to more Asian countries
In a bid to promote cross-border economic activities using local currencies, the National Bank of Cambodia (NBC) is expanding the operations of its Bakong blockchain-based payment system to Vietnam, Laos, Myanmar, China, and India. ...
Chea Vanyuth
https://www.khmertimeskh.com/501317628/nbc-expanding-bakong-operations-to-more-asian-countries/
NBC launches Cambodian Shared Switch
The National Bank of Cambodia (NBC) has launched Cambodian Shared Switch (CSS) for convenient cross-institutional payments and integration with regional countries. ...
Seng Mengheng
https://kiripost.com/stories/cambodia-nbc-launches-cambodian-shared-switch-css-atm
Cambodia exports products worth $7.23 billion in January-April as deficit widens
Cambodia exported products worth $7.23 billion during the January-April period of 2023, a year-on-year decrease of 4.9 percent from 7.6 billion dollars, Prime Minister Hun Sen said on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501297920/cambodia-exports-products-worth-7-23-billion-in-january-april-as-deficit-widens/
Oxfam and Young Entrepreneurs host ‘Sustainable Business Forum’
Oxfam and Young Entrepreneurs Association of Cambodia (YEAC) co-organised on Thursday a “Sustainable Business Forum” under the theme “Together for Micro, Small and Medium-sized Enterprises Growth in Cambodia” to promote responsible, inclusive and sustainable business practices in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501320559/oxfam-and-young-entrepreneurs-host-sustainable-business-forum/
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
