Cambodia to reduce foreign debt
The government plans to reduce its foreign debt and raise capital through the issuance of bonds, a representative of the Ministry of Economy and Finance has unveiled. “Increasing local borrowing instead of foreign borrowing will improve the country’s trade balance and current account,” said Vong Seyvisoth, ...
Chea Vannak
http://www.khmertimeskh.com/50102229/cambodia-to-reduce-foreign-debt/
Environment officials target special economic zones
An environment-monitoring working group from the Environment Ministry and the Council for the Development of Cambodia plans to meet with the owners of nearly 50 special economic zones across the country to promote standards on environmental protection and liquid waste management. ...
Pech Sotheary
http://www.khmertimeskh.com/50105456/environment-officials-target-special-economic-zones/
Japanese investment worth $1.6 billion in 2017
With over 130 registered projects in banking, manufacturing, agriculture, service and infrastructure, among other sectors, Japanese investment in the kingdom was valued at $1.6 billion in 2017, according to the Council for the Development of Cambodia (CDC). ...
Chea Vannak
http://www.khmertimeskh.com/50109243/japanese-investment-worth-1-6-billion-2017/
Petitioners bring years-long land disputes to ministry
Some 300 villagers representing over 6,800 families delivered a slew of petitions to the Council of Ministers and Ministry of Land Management on Monday demanding resolution to longstanding land disputes affecting about 19,000 hectares over four provinces. ...
Soth Koemsoeun
http://www.phnompenhpost.com/national/petitioners-bring-years-long-land-disputes-ministry
Mobile vehicle checkpoints start
The Ministry of Transport has started checking trucks traveling along National Road 6 to ensure they conform to legal size and modification requirements, it announced this week. According to a post on the ministry’s Facebook page, mobile inspection teams were deployed in Kampong Cham province to ...
Pav Suy
http://www.khmertimeskh.com/news/31384/mobile-vehicle-checkpoints-start/
World Bank: Cambodia business climate improves
Cambodia continued to improve its business environment over the past year, according to the World Bank’s “Doing Business 2017” report that measures the regulations that enhance business activity and those that constrain it in 190 countries. The World Bank made this assessment despite the Kingdom’s ...
Sum Manet
http://www.khmertimeskh.com/news/31306/world-bank--cambodia-business-climate-improves/
Tax app launched next year
The first ever smartphone tax app is set to be launched next year in an effort to make tax payments by companies more transparent. The app developed by the General Department of Taxation (GDT) of the Ministry of Finance and Economy, is a platform for individuals ...
Chea Vannak
http://www.khmertimeskh.com/news/31521/tax-app-launched-next-year/
Minister warns UN over criticism
Foreign Affairs Minister Prak Sokhonn on Friday warned the UN’s Office Of High Commissioner for Human Rights (OHCHR) in Cambodia against criticizing government decisions, deeming it disrespectful to the nation’s sovereignty. ...
Taing Vida
http://www.khmertimeskh.com/news/31722/minister-warns-un-over-criticism/
Agriculture minister goes on defensive
Agriculture Minister Veng Sakhon yesterday defended his ministry amid complaints by farmers of low yields during dry season, rising costs of production and a lack of markets to sell their produce, saying that other ministries and sectors also shared responsibility. ...
Touch Sokha
http://www.phnompenhpost.com/national/agriculture-minister-goes-defensive
Decline in transfers linked to rice prices
International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/decline-transfers-linked-rice-prices
Sleeker tax system nets more revenue
Efforts to introduce an effective, modern taxation system appear to be paying off as government coffers swelled last year, giving the state more revenue to use for development at a time when donor aid is drying up. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sleeker-tax-system-nets-more-revenue
Angkor Air’s Macau route
Tourists wanting to visit Asia’s answer to Las Vegas will be able to fly from Preah Sihanouk province to Macau after Cambodia Angkor Air unveiled the new route yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/36262/angkor-air---s-macau-route/
Ministry bans Tricyclazole imports
The Ministry of Agriculture, Forestry and Fisheries (MAFF) on Monday announced it will ban all imports and agricultural pesticides containing the fungicide Tricyclazole in response to the strict new Maximum Result Limit set by the European Commission. ...
Sok Chan
http://www.khmertimeskh.com/news/36979/ministry-bans-tricyclazole-imports/
Five Cambodians deported from US arrive in Phnom Penh
Five Cambodians expelled from the U.S. arrived in Phnom Penh on Wednesday, a U.S. Embassy spokesman said, as Cambodia continued to call for revisions to the 2002 agreement with the U.S. that allowed their deportation. ...
Matt Surrusco
https://www.cambodiadaily.com/news/five-cambodians-deported-from-us-arrive-in-phnom-penh-127253/
NBC, South Korea team up for research
The central banks of Cambodia and South Korea signed an agreement on Friday to jointly conduct research and analyse the relationship between exchange rates and inflation in the Cambodian economy, according to bank officials. ...
Hor Kimsay
http://www.phnompenhpost.com/business/nbc-south-korea-team-research
QR codes could prove to be a digital alternative to cash for Cambodia
Global payments giant Visa is the first international financial firm to announce the roll out of a payment solution in Cambodia for quick response codes, or QR codes, those pixelated black and white squares designed to be read by a smartphone camera that have begun ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/qr-codes-could-prove-be-digital-alternative-cash-cambodia
Cambodia Daily slapped with huge tax bill
Government-aligned media outlet Fresh News has published a leaked letter from the Taxation Department to the Cambodia Daily claiming that it owes $6.3 million in back taxes, a disclosure accompanied by scathing anonymous “letters” attacking the English-language newspaper and prominent NGOs. ...
Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/cambodia-daily-slapped-huge-tax-bill
SMEs get support to go public
The Securities and Exchange Commission of Cambodia (SECC) launched its “Excellence Program” today with the aim to help companies develop the capacity to prepare adequate financial reports, establish proper accounting principles and learn about how the growth board can provide additional funding sources. ...
Hor Kimsay
http://www.phnompenhpost.com/business/smes-get-support-go-public
Hydro deal signing faces delay
A $100 million electricity and fresh water deal for a joint-venture between Cambodia’s LYP Group and the Electricity Generating Authority of Thailand (Egat) will not be signed as expected when Prime Minister Hun Sen meets his Thai counterpart Gen Prayut Chan-o-cha today for bilateral talks, ...
May Kunmakara
http://www.khmertimeskh.com/5081898/hydro-deal-signing-faces-delay/
Sok Touch spins ‘revolt’ theory
University researcher Sok Touch yesterday took the government’s oft-used “colour revolution” narrative one step further by characterising practically every major political development since the 2013 post-election protests as part of one concerted attempt to foment insurrection in the Kingdom. ...
Ananth Baliga and Ben Sokhean
http://www.phnompenhpost.com/national/sok-touch-spins-revolt-theory