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Rubber article exports go up by 43%

Cambodia earned $385 million from the exports of rubber and rubber articles in the first seven months of the year, recording an increase of 43 percent compared to the same period last year, showed the latest trade data of the General Department of Customs and ...

Manoj Mathew
https://www.khmertimeskh.com/501346157/rubber-article-exports-go-up-by-43/

NBC: ‘Robust’ lenders to remain key growth drivers

The banking system has demonstrated its robustness through high levels of liquidity and capital, and will remain sound and resilient while playing a crucial role in supporting economic activities, despite recent global turbulence, according to the National Bank of Cambodia (NBC). ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-robust-lenders-remain-key-growth-drivers

Cambodia’s central bank says foreign reserves increased to $18.4 billion as of June

Cambodia’s international reserves had risen to $18.4 billion as of June 2023, up 3.2 percent from $17.82 billion at the end of 2022, said a report of the National Bank of Cambodia (NBC) on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501334799/cambodias-central-bank-says-foreign-reserves-increased-to-18-4-billion-as-of-june/

US remains Cambodia’s biggest export destination

The US continued to be the biggest export destination for Cambodian products despite the trade preference scheme, Generalized System of Preference (GSP), which has not been renewed since late 2020. ...

Chea Vanyuth
https://www.khmertimeskh.com/501332514/us-remains-cambodias-biggest-export-destination/

$17M investment projects in Kandal, P Sihanouk provinces

Aiding the job prospects and investment potential in two provinces in the country, the Council for the Development of Cambodia (CDC) gave approval for four new investment projects worth $17 million. ...

Adur Pradeep
https://www.khmertimeskh.com/501135969/17m-investment-projects-in-kandal-p-sihanouk-provinces/

Rising Riel in circulation earns demand in public

The prudential monetary policies and Riel promotion have built price stability of Riel, which earned public trust over the circulation of the national currency, said a senior official at the National Bank of Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501140924/rising-riel-in-circulation-earns-demand-in-public/

Cambodian scholar highlights Vietnam – Cambodia friendship

An in-depth article recently published on the website of the Royal Academy of Cambodia (RAC) spotlighted the Vietnam – Cambodia friendship over the past decades. ...

Khmer Times Staff
https://www.khmertimeskh.com/501142238/cambodian-scholar-highlights-vietnam-cambodia-friendship/

$300M maiden sovereign-bond issue set to begin on Sept 7: NBC

The National Bank of Cambodia (NBC) announced that it will float the 100 billion riel ($25 million) first tranche of its 1.2195 trillion riel maiden sovereign-bond issue on September 7, which financial experts point out will allow the government to diversify funding sources for national ...

May Kunmakara
https://www.phnompenhpost.com/business/300m-maiden-sover-eign-bond-issue-set-begin-sept-7-nbc

150 projects worth $3.45B approved in nine months

Cambodia has approved 150 fixed-asset investment projects worth about $3.45 billion in the January-September period of 2022, according to the Council for the Development of Cambodia (CDC)’s report yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501164016/150-projects-worth-3-45b-approved-in-nine-months/

Petrol prices decline, diesel remains steady

Retail petrol prices have experienced a slight decrease after reaching their highest levels in a year, with regular gasoline now at 4,550 riel per litre, down from 4,750 riel in the previous 10 days. Diesel prices remain unchanged at 4,850 riel per litre. ...

May Kunmakara
https://www.phnompenhpost.com/business/petrol-prices-decline-diesel-remains-steady

Cambodia attracts record foreign investment growth

Despite global and regional economic downturns due to ongoing geopolitical conflict, Cambodia continues to be a beacon for investments. In the first nine months of 2023, the Kingdom drew in fixed-asset investments worth $3.76 billion, marking an 8.6 per cent rise from the $3.46 billion ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-attracts-record-foreign-investment-growth

New commission to iron out knotty gov’t-private tax issues

Deputy Prime Minister and Minister of Economy and Finance (MEF) on Monday asked the Working Group on Law, Tax and Governance of the Government Private Sector Forum (GPS-F) to form an ad-hoc commission to solve complicated technical tax issues by the end of this year, ...

Kang Sothear
https://www.khmertimeskh.com/501375028/new-commission-to-iron-out-knotty-govt-private-tax-issues/

Cambodian PM to attend ASEAN-GCC Summit in Riyadh this week

Prime Minister Hun Manet will join other ASEAN Heads of State / Government at the Summit between ASEAN and the Gulf Cooperation Council (GCC) in Riyadh, Saudi Arabia, this week. ...

Khmer Times Staff
https://www.khmertimeskh.com/501377103/cambodian-pm-to-attend-asean-gcc-summit-in-riyadh-this-week/

Phnom Penh Governor plans to ask the Royal Government to establish a major project to solve flooding

The Phnom Penh Municipal Authority may propose to the Royal Government a large-scale initiative to address long-term flooding, which is a mechanism for resolving flooding in Phnom Penh. ...

Khmer Times Staff
https://www.khmertimeskh.com/501352470/phnom-penh-governor-plans-to-ask-the-royal-government-to-establish-a-major-project-to-solve-flooding/

Investigation to be launched into trafficking of disabled performers for street begging

The meeting to deliberate on measures to curb exploitation of vulnerable people and children. The Department of Social Affairs, Veterans, and Youth Rehabilitation of Phnom Penh have called for a thorough investigation into the activities of brokers who exploit disabled people for financial gain. ...

Khmer Times Staff
https://www.khmertimeskh.com/501353528/investigation-to-be-launched-into-trafficking-of-disabled-performers-for-street-begging/

Japan policy dialogue set for November

Following a hiatus due to the Covid-19 pandemic, Cambodia and Japan are expected to hold their 14th policy consultation meeting in November, according to the Council for the Development of Cambodia (CDC). ...

Hin Pisei
https://www.phnompenhpost.com/business/japan-policy-dialogue-set-november

GDT hopes to collect over 107% projected tax revenue for 2023

Tax revenue in 2023 is expected to achieve 107.5 per cent of the 2023 Law on Financial Management, though the projection is lower than the collection achievement last year. ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-hopes-collect-over-107-projected-tax-revenue-2023

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