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/
GDT revenues 96% of full-year goal
The General Department of Taxation (GDT) announced that it collected $2.69338 billion in tax revenues in the first nine months, equivalent to 95.53 per cent of the full-year target for 2022. This leaves just three months to reach the prescribed 11.419 trillion riel ($2.820 billion). ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-revenues-96-full-year-goal
Ministry of Justice conducts a meeting on “Expedition of Procedure of Money Laundering Cases”
The Ministry of Justice conducted on a meeting on “Expedition of Procedure of Money Laundering Cases” under the presidency by Koeut Rith, Minister of Justice and the President of the Ad-Hoc Sub-Committee for the Implementation of Action Plans of the Joint Group of Asia/Pacific Group ...
Khmer Times Staff
https://www.khmertimeskh.com/501104953/ministry-of-justice-conducts-a-meeting-on-expedition-of-procedure-of-money-laundering-cases/
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/
NBC sees Cambodia’s GDP growth at 5.3% in 2022
Global growth recovery and rapid resumption in economic activity will give impetus to Cambodia’s economic growth this year, according to the National Bank of Cambodia (NBC). ...
Chea Vanyuth
https://www.khmertimeskh.com/501123527/nbc-sees-cambodias-gdp-growth-at-5-3-in-2022/
$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/
NGO urges end to violence against indigenous women
Indigenous people, especially females, are vulnerable to several forms of violence in addition to being affected by land-related issues, a non-governmental organisation has alleged on the occasion of International Day of the World Indigenous Peoples. ...
Torn Vibol
https://www.khmertimeskh.com/501129169/ngo-urges-end-to-violence-against-indigenous-women/
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/
GDT’s tax collection target for 2023 up by $750M
The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...
Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/
Cambodia’s adult literacy increases significantly
Literacy rate for the citizens aged 15 years old and above in Cambodia has seen a significant rise, reflecting the government’s successful efforts in eradicating illiteracy rate, said a senior official of the Ministry of Education, Youth, and Sports. ...
Khmer Times Staff
https://www.khmertimeskh.com/501133550/cambodias-adult-literacy-increases-significantly/
CDC & KOICA hold 2022 Annual Policy Dialogue on development cooperation
The Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) and the Korea International Cooperation Agency (KOICA) jointly organised here yesterday a 2022 policy dialogue on development cooperation. ...
Khmer Times Staff
https://www.khmertimeskh.com/501187258/cdc-koica-hold-2022-annual-policy-dialogue-on-development-cooperation/
Despite risks, GDT collection grows 28.62% in 7 months
Tax authorities have collected approximately $2.21 billion of tax revenue — 78.39 percent of the budget law in the first seven months of the year, which soared by 28.62 percent or about $491.29 million compared to the same period last year, said a release by ...
Kang Sothear
https://www.khmertimeskh.com/501133080/despite-risks-gdt-collection-grows-28-62-in-7-months/
Kampong Speu governor courts investors in Hong Kong
Kampong Speu provincial governor Vei Samnang has pledged to attract more investment to his province. Samnang announced that he would lead a provincial delegation to Hong Kong later this month to discuss business opportunities in the Kampong Speu. ...
Van Socheata
https://www.phnompenhpost.com/business/kampong-speu-governor-courts-investors-hong-kong
Tax system to be updated to make payment easy, evasion tough
The General Department of Taxation (GDT) during a meeting on Tuesday announced a work plan for this year with an emphasis on developing a system that will make paying taxes easy and evasion difficult. ...
Hong Sovannary
https://www.khmertimeskh.com/501255720/tax-system-to-be-updated-to-make-payment-easy-evasion-tough/
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/
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/
33% rise in tax registrations Q1
The General Department of Taxation (GDT) registered 3,566 new businesses in the first quarter of the year, a year-on-year increase of 33 percent, a report said yesterday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501284689/33-rise-in-tax-registrations-q1/