Ministry registers over 11,000 new businesses
The Ministry of Commerce registered 11,506 new companies and enterprises in the January-November period of 2023, up 14.58 percent from 10,046 in the same period last year, a report of the Ministry of Commerce showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501414977/ministry-registers-over-11000-new-businesses/
Project to enhance the climate change resilience of smallholder farmers kicks off in Cambodia
A new project aimed at enhancing the climate change resilience of smallholder farmers and local communities by increasing their access to growing premium market segments was launched in Cambodia on 27 October 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501388198/project-to-enhance-the-climate-change-resilience-of-smallholder-farmers-kicks-off-in-cambodia/
Rising exports, global renown fuel rice sector
After experiencing positive growth in 2023, the Cambodian rice export market is expected to continue its upward trajectory in 2024. However, factors such as weather conditions and shipping costs may cause some disruptions. ...
Hin Pisei
https://www.phnompenhpost.com/business/rising-exports-global-renown-fuel-rice-sector
Sale of private license plates slump 11.9%
Revenue from the sale of special license plates decreased by about 11.9 percent to $16 million in 2023, with the Ministry of Public Works and Transport (MPWT) claiming it is a result of the global economic crisis. ...
Chhorn Raksmey
https://kiripost.com/stories/sale-of-private-license-plates-slump-119
Cambodia exports bicycles worth nearly $417 mln last year
Cambodia exported bicycles worth $416.7 million in 2023, a decrease of 53.6 percent from $899.7 million in a year earlier, said a General Department of Customs and Excise’s report on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501424449/cambodia-exports-bicycles-worth-nearly-417-mln-last-year/
Cambodia, France trade volume reaches $515M
Bilateral trade volume between the Kingdom and France reached $515.21 million last year, making Europe’s trade volume stand at $4.6 billion in 2023, said Prime Minister Hun Manet. ...
Nheng Chamrong
https://www.khmertimeskh.com/501424116/cambodia-france-trade-volume-reaches-515m/
Number of kindergartens and schools increasing
From 2013 to 2023, the number of kindergartens and schools increased from 14,852 to 18,830, which in the ten-year period was 3,978 more places of education nationwide. ...
Hang Punreay
https://www.khmertimeskh.com/501427196/number-of-kindergartens-and-schools-increasing/
Loan-to-deposit ratio normalising in 2024, say bankers
A number that might be of concern in Cambodia’s banking system is its loans versus deposits. For 2023, Cambodia’s banks total loans outstanding was $57.6 billion and total deposits $47.9 billion. ...
Rachel David
https://www.khmertimeskh.com/501505072/loan-to-deposit-ratio-normalising-in-2024-say-bankers/
GDT tax collection falls in Q1
The General Department of Taxation (GDT) collected taxes totalling $1.18 billion during the January-March period this year, down 11.9 percent from $1.34 billion collected in the first quarter of 2023. ...
Chea Vanyuth
https://www.khmertimeskh.com/501493907/gdt-tax-collection-falls-in-q1/
Hun Sen returns from fruitful week in China
Prime Minster Hun Sen arrived back in Phnom Penh on Sunday after a weeklong visit to China for an international summit during which Chinese Premier Xi Jinping pledged $145 million in aid and soft loans to Cambodia. On Monday, AKP reported that China promised to ...
Phorn Bopha and Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-returns-from-fruitful-week-in-china-59560/
GDT: Chinese companies must fulfil duty obligations
The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-chinese-companies-must-fulfil-duty-obligations
Exclusive ADB may offer more than $1.5b in new funding
Khmer Times can report that the Asian Development Bank (ADB) is proposing to provide $1.5211 billion of new funding in its updated Cambodia country operations and business plan (COBP) 2021-2023. ...
Harrison White
https://www.khmertimeskh.com/50744668/exclusive-adb-may-offer-more-than-1-5b-in-new-funding/
Recovery to be driven by three principles
A senior official at the Ministry of Economy and Finance said the government’s driving principles to restore the economy post-COVID-19 from 2021-2023 will be strategic approaches towards survival, reform and resilience. ...
Sok Chan
https://www.khmertimeskh.com/50804674/recovery-to-be-driven-by-three-principles/
Nat’l Road 4 to be widened
The Ministry of Public Works and Transport is in the final stages of project planning for the widening of National Road 4 from 7m to 10m. The project is scheduled to last 24 months from 2022 to 2023. ...
Long Kimmarita
https://phnompenhpost.com/national/natl-road-4-be-widened
National Minimum Wage Council issues a statement on the results of the minimum wage discussion for workers in 2024
The National Minimum Wage Council of the third mandate on August 16, 2023, held a discussion on the minimum wage for workers in the textile, garment, footwear and travel products and bags for 2024. ...
Khmer Times Staff
https://www.khmertimeskh.com/501343947/national-minimum-wage-council-issues-a-statement-on-the-results-of-the-minimum-wage-discussion-for-workers-in-2024/
No salt import, high salt yields sufficient for Cambodia
Cambodia would not need to import salt from other countries to meet domestic demand in 2023 as favourable weather conditions have helped the production of salt where more than 80,000 tonnes have been harvested, industry insiders say. ...
Hin Pisei
https://www.phnompenhpost.com/business/no-salt-import-high-salt-yields-sufficient-cambodia
Cambodia records 180 percent rise in air passengers in first eight months
Cambodia registered 3.4 million air travelers during the first eight months of 2023, a year-on-year increase of 180 percent, said a report released by the State Secretariat of Civil Aviation on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501358488/cambodia-records-180-percent-rise-in-air-passengers-in-first-eight-months/
Tax collection to exceed budget plan this year
The General Department of Taxation’s (GDT’s) tax collection in the first seven months of this year reached 64 percent of the budget plan for 2023, indicating that the collection will exceed the target by the end of the year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501359504/tax-collection-to-exceed-budget-plan-this-year/
Cambodia applauds ADB’s commitment and contribution to Cambodia’s economic growth
Deputy Prime Minister and Minister of Economy and Finance, Dr Aun Porn Moniroth met with Winfried Vicklen, Director General of the Asian Development Bank (ADB), on his visit to Cambodia from October 9 to10, 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501375256/cambodia-applauds-adbs-commitment-and-contribution-to-cambodias-economic-growth-2/
National Strategy for Informal Economic Development to achieve three goals at once
The launch of the National Strategy for Informal Economic Development 2023-2028 will achieve three goals at the same time, i.e. alleviating poverty and social inequality, strengthening social and economic resilience, and boosting economic growth. ...
Khmer Times Staff
https://www.khmertimeskh.com/501374642/national-strategy-for-informal-economic-development-to-achieve-three-goals-at-once/
