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$3.4b collected in taxes in 2022

A total of $3.4 billion was collected in taxes in 2022, marking a 23.96 percent increase from 2021. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-34b-collected-in-taxes-in-2022

US ambassador commits to ties with Cambodia

The United States is scheduled to sign a Memorandum of Understanding (MoU) with the Ministry of Culture and Fine Arts later this month in an effort to protect and restore Khmer culture, a move said to help the tourism sector’s rebound after being hit hard ...

Prak Chan Thul
https://kiripost.com/stories/us-ambassador-commits-to-ties-with-cambodia

Press release on the result of the first session of the National Assembly of the 7th legislature on 22 August 2023

On 22 August 2023, the General Secretariat of the National Assembly issued a press release on the result of the first session of the 7th legislature under the high presidency of Samdech Akka Moha Ponhea Chakrei Heng Smarin, Senator of the National Assembly, and 123 ...

General Secretariat of the National Assembly

Download: pdf

Ranger Station set ablaze by local villagers

In an unusual turn of events, over 350 people in the village and commune of Sre Chis in O’Krieng Senchey district, Kratie province, have damaged a ranger station. The incident occurred on August 5, with no casualties reported. ...

Long Kimmarita
https://www.phnompenhpost.com/national/ranger-station-set-ablaze-local-villagers

KHQR records 400K transactions in one year

In one year since its official rollout in 2022 by the National Bank of Cambodia, KHQR, the universal quick response (QR) platform of the country for digital payments, has recorded nearly 400,000 transactions. ...

Manoj Mathew
https://www.khmertimeskh.com/501336016/khqr-records-400k-transactions-in-one-year/

Cambodia’s electrical exports rise to $1.4 billion in 1H

Cambodia exported $1.4 billion worth of electrical equipment and electronic components in the first half of 2023, a 1.3-fold increase year-on-year, according to the National Bank of Cambodia’s report. ...

Chea Vanyuth
https://www.khmertimeskh.com/501335905/cambodias-electrical-exports-rise-to-1-4-billion-in-1h/

Roles of Deputy Prime Ministers farmed out

The new government has outlined the job responsibilities and division of responsibilities of the Prime Minister, Deputy Prime Minister and Senior Minister in charge of special missions to ensure efficient governance. ...

Torn Vibol
https://www.khmertimeskh.com/501348056/roles-of-deputy-prime-ministers-farmed-out/

World leaders share best wishes with Hun Manet

World leaders have been quick to convey their congratulations to Hun Manet as he took the reins as Prime Minister of Cambodia on August 22.​ ...

Neang Sokunthea
https://www.phnompenhpost.com/national/world-leaders-share-best-wishes-hun-manet

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/

NBC to intervene in foreign exchange market

The National Bank of Cambodia (NBC) will intervene in the currencies market in response to slower demand for riel and appreciation of the US dollar in the international foreign exchange market, an NBC release said. ...

Kang Sothear
https://www.khmertimeskh.com/501351238/nbc-to-intervene-in-foreign-exchange-market/

New foreign minister all set to pursue predecessor’s reforms

Cambodia’s new foreign minister Sok Chenda Sophea, who is former secretary-general of the Council for the Development of Cambodia (CDC), pledges to complete the implementation of reforms introduced by his predecessor Prak Sokhonn. ...

Van Socheata 
https://www.phnompenhpost.com/national-politics/new-foreign-minister-all-set-pursue-predecessors-reforms

SERC ensuring investors in the securities sector are protected

Investor protection is a top priority for the Securities and Exchange Regulator of Cambodia (SERC) – the authority in charge of monitoring, supervising and developing the sector in the Kingdom – one the body places the greatest importance. ...

Phnom Penh Post Staff
https://www.phnompenhpost.com/banking-securities-business/serc-ensuring-investors-securities-sector-are-protected

Announcement of General Department of Identification on information related to the arrest of foreigners who committed crimes in Singapore in connection with money laundering

On 15 September 2023, the General Department of Identification issued an announcement on information related to the arrest of foreigners who committed crimes in Singapore in connection with money laundering on their official website. According to the announcement, Granting Cambodia nationality is in accordance with the ...

General Department of Identification

Download: pdf

E-commerce tax earnings hit $52.2M in first 8 months

Up to 211.2 billion riel or $52.2 million of e-commerce tax revenue was collected by the General Department of Taxation (GDT) in the first eight months of 2023 amid rapid online business growth around the world, including Cambodia. ...

Hin Pisei
https://www.phnompenhpost.com/business/e-commerce-tax-earnings-hit-522m-first-8-months

Exports to S Korea help reduce current trade deficit: pundit

Trade between Cambodia and South Korea reached nearly $504 million in the first eight months of 2023, marking an 8.4 per cent decline over the same period last year, according to the General Department of Customs and Excise (GDCE). Despite this, Cambodian exports surged by ...

Hin Pisei
https://www.phnompenhpost.com/business/exports-s-korea-help-reduce-current-trade-deficit-pundit

Cambodia imports oil, and gas products worth $2.28 billion in the first eight months of the year

Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501362703/cambodia-imports-oil-and-gas-products-worth-2-28-billion-in-the-first-eight-months-of-the-year/

Local fuel prices fall 10% amid global downticks

International fuel rates have started to fall back as India and Iran look to step up Russian crude imports, in a downward trend likely to be fuelled by cooperation between the trio of countries on reducing the pressure of the oil price crisis, economists have ...

Hom Phanet
https://www.phnompenhpost.com/business/local-fuel-prices-fall-10-amid-global-downticks

Tax chief vows reforms to meet 2023 revenue goal

The General Department of Taxation (GDT) will make further reforms and upgrade the technology used in tax processes to make things easier for taxpayers and ensure the achievement of the 2023 revenue collection target of $3.57170 billion, or 14.46539 trillion riel, according to director-general Kong ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-chief-vows-reforms-meet-2023-revenue-goal

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