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/
Pepper exports decline 30% Jan-Aug
Cambodia has experienced a 30 per cent decline in pepper exports in the first eight months of 2023, exporting over 5,000 tonnes, compared to the same period in 2022, according to the Ministry of Agriculture, Forestry and Fisheries. ...
Van Socheata
https://www.phnompenhpost.com/national/pepper-exports-decline-30-jan-aug
Nearly $1B concessional loans disbursed in H1
The government has disbursed $913.8 million concessional loans in the first half of 2023, which is an increase of 11 per cent compared to the same period in 2022, the Ministry of Economy and Finance announced. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-1b-concessional-loans-disbursed-h1
Ministry of Tourism introduces six points to improve the quality of tourism products on the occasion of Pchum Ben
The Ministry of Tourism has introduced six points to the Capital-Provincial Department of Tourism to improve the quality of tourism products on the occasion of the traditional Pchum Ben festival on October 13-14-15, 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501356703/ministry-of-tourism-introduces-six-points-to-improve-the-quality-of-tourism-products-on-the-occasion-of-pchum-ben/
Cambodia earns $278.6 million from milled rice export in January-August
Cambodia exported 401,699 tonnes of milled rice in the first eight months of 2023, earning a total revenue of $278.6 million, the Cambodia Rice Federation (CRF) said in a news release on Saturday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501357757/cambodia-earns-278-6-million-from-milled-rice-export-in-january-august/
Cashew exports to Vietnam decline 16%, says CAC
Cambodia exported 607,000 tonnes of Raw Cashew Nuts (RCN) to Vietnam in the first eight months of 2023 earning $820 million, a decrease of 15.8 percent compared to the same period last year. ...
Nheng Chamrong
https://www.khmertimeskh.com/501361913/cashew-exports-to-vietnam-decline-16-says-cac/
2027 extension for ‘Better Factories’ inspection regime
The government and the US-based International Labour Organisation (ILO) have agreed to continue their cooperation and renew their MOU that will extend the “Better Factories Cambodia” (BFC) 2023-2027 programme. ...
Lay Samean
https://www.phnompenhpost.com/national/2027-extension-better-factories-inspection-regime
Cambodia to assess student learning to strengthen post-COVID recovery efforts
In June, the Ministry of Education, Youth and Sports (MoEYS) started their participation in the Programme for International Student Assessment (PISA), a significant step towards understanding student learning outcomes, taking stock of what learners know, gauging the readiness of Cambodia’s youth for the future and ...
Khmer Times Staff
https://www.khmertimeskh.com/501143578/cambodia-to-assess-student-learning-to-strengthen-post-covid-recovery-efforts/