Nation nears tax collection target amid challenges
The government has amassed over $3 billion in taxes during the first ten months of 2023, reaching 85.87% of the target set by the 2023 Law on Financial Management. ...
Samban Chandara
https://www.phnompenhpost.com/national/nation-nears-tax-collection-target-amid-challenges
Kon Tum strengthens cooperation with Cambodia’s Ratanakiri province
Leaders of the Central Highlands province of Kon Tum and Cambodia’s Ratanakiri province on October 19 signed a memorandum of understanding on bilateral cooperation for the 2023-2028 period. ...
Khmer Times Staff
https://www.khmertimeskh.com/501379998/kon-tum-strengthens-cooperation-with-cambodias-ratanakiri-province-2/
GDT eyes over $4 billion in tax revenue next year, says Vibol
The General Department of Taxation (GDT) is targeting $4.162 billion in 2024, which is a 20 percent increase from the target set for the current year, according to Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government In-Charge as Director-General ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501407307/gdt-eyes-over-4-billion-in-tax-revenue-next-year-says-vibol/
Cambodia earns $790 million from rubber article exports
Cambodia earned $789.75 million from the exports of rubber and articles made of rubber in the January to November period of 2023, recording an increase of 74.5 percent compared to the same period last year, according to the latest trade data of the General Department ...
Manoj Mathew
https://www.khmertimeskh.com/501416422/cambodia-earns-790-million-from-rubber-article-exports/
Cambodia imports oil products worth $2.17 bln in 2023
Cambodia’s imports of diesel fuel and petroleum oil declined by 7.6 percent in 2023, according to a report from the General Department of Customs and Excise on Sunday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501423161/cambodia-imports-oil-products-worth-2-17-bln-in-2023/
Cambodia’s garments and agricultural products continue to drive export growth
Cambodia’s export sector has demonstrated resilience, with a slight increase of 1.2 percent in exports during the first 11 months of 2023. According to a report released by the General Department of Customs and Excise, the country exported goods worth $20.5 billion, compared to $20.24 ...
Khmer Times Staff
https://www.khmertimeskh.com/501406845/cambodias-garments-and-agricultural-products-continue-to-drive-export-growth/
BOC Phnom Penh Branch authorized as RMB clearing bank
China’s central bank announced on Monday that it has authorized the Bank of China (BOC) Phnom Penh Branch to be the clearing bank for renminbi (RMB) business in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501406842/boc-phnom-penh-branch-authorized-as-rmb-clearing-bank/
Statement by Coalition of Cambodian Apparel Workers Democratic Union's perspectives on the report on freedom of association in the Garment, Footwear and Travel Products Sector in Cambodia by Central (in collaboration with C.CAWDU and CATU)
On 06 June 2024, Coalition of Cambodian Apparel Workers Democratic Union (CCAWU) issued a statement of their perspective on the report on freedom of association in the Garment, Footwear and Travel Products Sector in Cambodia by Central (in collaboration with C.CAWDU and CatU) on their ...
Coalition of Cambodian Apparel Workers Democratic Union
MoC, NBC push for riel price tags
The Ministry of Commerce and the National Bank of Cambodia (NBC) recently held a high-level meeting to discuss strategies to encourage the use of Khmer Riel and decided to promote price tag labelling in national currency as an important step. ...
Chea Vanyuth
https://www.khmertimeskh.com/501495175/moc-nbc-push-for-riel-price-tags/
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/
Cambodia’s insurance industry sees slight growth in first 5 months of 2024
An Insurance Regulator of Cambodia (IRC) report showed on Monday that Cambodia’s insurance industry recorded a gross premium of $150 million in the first five months of 2024, up 1.2 percent from $148.1 million over the same period in 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501511655/cambodias-insurance-industry-sees-slight-growth-in-first-5-months-of-2024/
ERW victims increase by 67% in first six months of 2024
In the first six months of 2024, there have been 35 casualties from mines, unexploded ordnance (UXOs), and explosive remnants of war (ERWs), an increase of 67% compared to the same period in 2023 when there were 21 victims. ...
Som Sotheary
https://www.khmertimeskh.com/501517980/erw-victims-increase-by-67-in-first-six-months-of-2024/
Authorities seize, destroy over 28 tonnes of banned frozen meats
Over 28 tonnes of banned and tainted frozen meats were confiscated and destroyed by the General Department of Customs and Excise (GDCE) and related units between July and early August. ...
Phak Seangly
https://www.phnompenhpost.com/national/authorities-seize-destroy-over-28-tonnes-of-banned-frozen-meats
Cambodia, Indonesia to expedite MoU on rice trading soon
With the trade volume between Cambodia and Indonesia exceeding $1 billion in 2023, the two countries on Thursday agreed to expedite the Memorandum of Understanding (MoU) on rice trade. ...
Mom Kunthear
https://www.khmertimeskh.com/501546079/cambodia-indonesia-to-expedite-mou-on-rice-trading-soon/
PM says no tax for biz with annual income below KHR 250M
Micro enterprises with an annual turnover of less than 250 million riels will not be taxed, Prime Minister Hun Manet assured on Thursday evening during his special statement on the ‘One-Year Achievements of the Royal Government of the 7th Legislature of the National Assembly’ that ...
Manoj Mathew
https://www.khmertimeskh.com/501547280/pm-says-no-tax-for-biz-with-annual-income-below-khr-250m/
Kingdom, South Korea ink rural development MoU
Cambodia and South Korea signed a memorandum of understanding (MoU) on cooperation between the South Korean province of Kyungsangbukdo and the Asian Cultural Council (ACC) of Cambodia on the “New Village Movement” project on September 12. ...
Ry Sochan
https://www.phnompenhpost.com/national/kingdom-south-korea-ink-rural-development-mou
PM urges ASEAN to maintain multilateral trading system
Prime Minister Hun Manet has called on the Association of Southeast Asian Nations (ASEAN) to maintain a just and inclusive multilateral trading system and to broaden trade cooperation with its partners. ...
Khmer Times Staff
https://www.khmertimeskh.com/501572478/pm-urges-asean-to-maintain-multilateral-trading-system/
Cabinet pass draft Royal Decree on out-of-court mediation body
Prime Minister Hun Manet has approved a draft Royal Decree on the establishment, organisation and functioning of the new National Authority for Out-of-Court Mediation, one of the four agenda items passed during an October 27 Cabinet meeting. ...
Post Staff
https://www.phnompenhpost.com/national/cabinet-pass-draft-royal-decree-out-court-mediation-body
Ministry plan to align gambling legislation
To ensure effective suppression of illegal gambling, the Ministry of Interior is set to amend the Law on Suppression of Gambling, aligning it with the Law on Commercial Gambling Management. ...
Chea Sokny
https://www.phnompenhpost.com/national/ministry-plan-to-align-gambling-legislation
GDT exceeds 2023 tax revenue targets
Cambodia generated more than $3.6 billion in 2023 through the General Department of Taxation (GDT), slightly exceeding the targets set in the 2023 Law on Financial Management and surpassing 2022’s revenue. ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-exceeds-2023-tax-revenue-targets