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Revenue for Ministry of Land on the increase

In 2017, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) collected about 371 billion riel (about $ 92 million) in revenue last year, according to a report from the ministry. The income from taxes on property transfers alone collected by the General Department ...

Sum Manet
http://www.khmertimeskh.com/5099644/revenue-ministry-land-increase/

Lèse majesté law in works for Cambodia

The Ministry of Justice today confirmed that a proposed lèse majesté law would be among a series of legal amendments considered by the Constitutional Council on Friday. ...

Mech Dara and Andrew Nachemson
http://www.phnompenhpost.com/national/lese-majeste-law-works-cambodia

Authorities suspect bird flu in Mondulkiri

Authorities suspect that a new case of H5N1, or bird flu, has emerged in Mondulkiri province after more than 60 villagers’ chickens fell ill.Sok Kheang, chief of the provincial agriculture and fisheries department, said more than 60 chickens in Keo Seima district had fallen ill ...

Sen David
http://www.khmertimeskh.com/50106110/authorities-suspect-bird-flu-in-mondulkiri/

Gov’t okays $5 bil for 2017 budget

The National Budget 2017 was approved on Friday by the Council of Ministers, with a government expenditure of about $5.04 billion. This represents an increase of about 15.6 percent compared to the 2016 budget of $4.36 billion, according to a government statement. ...

Sum Manet
http://www.khmertimeskh.com/news/31146/gov---t-okays--5-bil-for-2017-budget/

900,000 Chinese tourists in 2016

Cambodia last year recorded around 900,000 Chinese tourist arrivals and the kingdom is on track by 2020 to host about seven million foreign tourists, with two million of them coming from mainland China, according to the Tourism Ministry yesterday. ...

Chea Vannak
http://www.khmertimeskh.com/news/33864/900-000-chinese-tourists-in-2016/

2017: A good year for fish

Cambodians can expect up to 14,000 tons of fish caught from the Tonle Sap, Mekong and Bassac rivers this year, a 5,000 ton increase compared with last year, which will be sufficient to meet all local demand, said the Ministry of Agriculture, Forestry and Fisheries ...

Sok Chan
http://www.khmertimeskh.com/news/34057/2017--a-good-year-for-fish/

Thailand port hope for Cambodian farmers

Cambodian farmers may be able to cut export costs from the middle of the year if an agreement is signed letting them send their produce through the Thai port of Laem Chabang. ...

Sok Chan
http://www.khmertimeskh.com/news/34243/thailand-port-hope-for-cambodian-farmers/

Battambang dam 98 percent complete

Construction of a $100 million dam project and the largest reservoir in Battambang province is 98 percent complete and scheduled to be finished before Khmer New Year in April. ...

Taing Vida
http://www.khmertimeskh.com/news/34258/battambang-dam-98-percent-complete/

Singapore, Cambodia say sand exports have stopped

The controversial exporting of Cambodian sand to Singapore has finally—if temporarily—been stopped, according to officials from the two countries, amid long-running criticism over discrepancies in shipment records and environmental damage. ...

Kuch Naren
https://www.cambodiadaily.com/news/singapore-cambodia-say-sand-exports-have-stopped-123915/

Record growth in insurance

Cambodia’s insurance industry saw record growth in 2016 and was valued at $113 million, according to a report from the Insurance Association of Cambodia (IAC). ...

Sok Chan
http://www.khmertimeskh.com/news/35153/record-growth-in-insurance/

After meet, UN rep mum on politics

Keep out of Cambodia’s internal affairs.This was the message delivered yesterday by Cambodia’s Minister of Foreign Affairs Prak Sokhonn to country director for the United Nations office of the High Commissioner for Human Rights Wan-Hea Lee at a meeting to discuss cooperation. ...

Touch Sokha
http://www.phnompenhpost.com/national/after-meet-un-rep-mum-politics

Central bank sets interest rate ceiling, sparking fears

The National Bank of Cambodia announced on Monday that it would set an annual interest rate ceiling of 18 percent for all microfinance institutions (MFIs), sparking concerns that lenders would stop offering smaller loans that often keep the most financially vulnerable afloat. ...

Hang Sokunthea
https://www.cambodiadaily.com/news/central-bank-sets-interest-rate-ceiling-sparking-fears-126483/

TRC curbs phone service offers

A new deadline has been set for mobile operators Cellcard, Smart and Metfone to stop their promotional money exchange program by March 30, according to the Ministry of Posts and Telecommunication. ...

Sok Chan
http://www.khmertimeskh.com/news/36631/trc-curbs-phone-service-offers/

UN vows Khmer Rouge trial aid

Cambodia and the United Nations have vowed to find more funds to support the Extraordinary Chambers in the Courts of Cambodia, according to the Council of Ministers.   ...

Ros Chanveasna
http://www.khmertimeskh.com/news/36896/un-vows-khmer-rouge-trial-aid/

Tax collection soars

Tax collections rose to $768 million in the first quarter of this year, a 92 percent rise on the same period last year. General department of taxation director-general Kong Vibol told a meeting chaired by Finance Minister Aun Pornmoniroth yesterday that the collection figure was a ...

Sum Manet
http://www.khmertimeskh.com/news/37671/tax-collection-soars/

Police deny uniform whispers

Phnom Penh Municipal Police have denied failing to distribute uniforms to thousands of staff, threatening legal action against officers who leaked “fake news” of the claims to the media. ...

Pech Sotheary
http://www.khmertimeskh.com/news/37691/police-deny-uniform-whispers/

Singapore delegation meets CDC

More than 40 business delegates from the Singapore-China Chamber of Commerce and Industry yesterday met the secretary-general of the Council for the Development of Cambodia (CDC) to discuss potential investments and seek local business partners. ...

Sok Chan
http://www.khmertimeskh.com/news/38688/singapore-delegation-meets-cdc/

Audit backs airport improvements

International Civil Aviation Organisation experts have wrapped up a five-day review of Cambodia’s airports after an audit last year recommended areas for improvement.​ ...

Chea Vannak
http://www.khmertimeskh.com/news/39021/audit-backs-airport-improvements/

Central shared switch due to launch in July

The central bank hopes to launch its central shared switch mechanism next month after a trial run that has already connected the account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem, according to ...

Hor Kimsay
http://www.phnompenhpost.com/business/central-shared-switch-due-launch-july

Flexibility measures weighed for CSX

Cambodia’s capital market regulator will meet soon to discuss a proposal to permit market orders for trading stocks on the Kingdom’s bourse, a move that would give investors more flexibility when buying or selling shares, officials have said. ...

Brian Ng
http://www.phnompenhpost.com/business/flexibility-measures-weighed-csx

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