Cambodia’s exports to U.S. worth over $8 billion in 11 months
Cambodia exported $8,217 million worth of products to the U.S. market in the first eleven months of this year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501203068/cambodias-exports-to-u-s-worth-over-8-billion-in-11-months/
GDT earns $37 million on e-commerce VAT income
The General Department of Taxation earned e-commerce value-added tax (VAT) income of $37 million from the operation of electronic goods and services till November this year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501202644/gdt-earns-37-million-on-e-commerce-vat-income/
$1.5 billion collected as VAT till Nov 2022; June most rewarding
The Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501216673/1-5-billion-collected-as-vat-till-nov-2022-june-most-rewarding/
Mainland China largest merchandise trading partner of Cambodia in 2022
Mainland China was Cambodia’s largest merchandise trading partner last year, with a volume of $11.686 billion—up by 4.39 per cent over the 2021 figure. The former’s exports to the latter accounted for 89.38 per cent share—up by 2.87 percentage points on a yearly basis, according ...
Khmer Times Staff
https://www.khmertimeskh.com/501219676/mainland-china-largest-merchandise-trading-partner-of-cambodia-in-2022/
GDT changes VAT rules for e-commerce transactions for taxable persons who are non-resident taxpayers
The General Department of Taxation (GDT) of the Ministry of Economy and Finance (MEF) has changed its instruction on implementing the value-added tax (VAT) on e-commerce transactions ...
Kang Sothear
https://www.khmertimeskh.com/501229020/gdt-changes-vat-rules-for-e-commerce-transactions/
Statement of the Foreign Ministry's Spokesperson: “An award is not the lawful means of defense in the courts of any country,”
On 02 February 2023, the Spokesperson of the Ministry of Foreign Affairs and International Cooperation of the Kingdom of Cambodia issued a statement in response to the recent announcement by the U.S. Department of State to award the human rights defender award to a law-breaking ...
Ministry of Foreign Affairs and International Cooperation
Cambodia underlines ASEAN’s centrality, unity
Cambodia on August 8 celebrated the 56th anniversary of the Association of Southeast Asian Nations (ASEAN), stressing once again the imperative of maintaining the bloc’s centrality and unity to deal with key challenges. ...
Khmer Times Staff
https://www.khmertimeskh.com/501339418/cambodia-underlines-aseans-centrality-unity/
Silk sector challenged by reduced capital, investment
Cambodia is seeking increased foreign investment in the silk sector amid widespread promotion of the sector in the international market. ...
Hin Pisei
https://www.phnompenhpost.com/business/silk-sector-challenged-reduced-capital-investment
Toyota to produce auto wire harness in Poipet
Japan’s global enterprise Toyota Tsusho Corporation (Toyota Tsusho) plans to establish another factory to produce automotive wire harness in Cambodia, said the Council for the Development of Cambodia (CDC) in a statement. ...
Kang Sothear
https://www.khmertimeskh.com/501339087/toyota-to-produce-auto-wire-harness-in-poipet/
Cambodian travel agents meet up with Malaysian counterparts in tourism seminars
Tourism Malaysia beefs up its international marketing efforts by organising seminars in Phnom Penh and Siem Reap, packed with business-to-business (B2B) sessions and networking luncheons, to arrange possible tie-ups between Malaysian tourism industry players and its Cambodian counterparts. ...
Khmer Times Staff
https://www.khmertimeskh.com/501345769/cambodian-travel-agents-meet-up-with-malaysian-counterparts-in-tourism-seminars/
Charay indigenous community celebrates the International Day of the World’s Indigenous People in TangSe Mlue village
The International Day of the World’s Indigenous Peoples is very important to all indigenous peoples worldwide to celebrate all together and respect that day to make it a meaningful holiday for indigenous peoples. The day can be a day to review indigenous rights and freedom ...
Oxfam signs MoU with Vietnam Rubber Group to promote sustainable development
Oxfam and Vietnam Rubber (VRG) Group on Friday signed a Memorandum of Understanding for a two-year project to promote sustainable development, green growth and responsible investment in the rubber value chain in Cambodia. ...
Investment opportunities in Cambodia unveiled
Top officials of Cambodia’s highest decision-making body for private and public investments on Friday presented key potential opportunities and challenges for investment in the country to Cambodian tycoons and foreign businesspeople. ...
Kang Sothear
https://www.khmertimeskh.com/501342478/investment-opportunities-in-cambodia-unveiled/
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/
Cambodia sees significant increase in digital payments with e -wallets exceeding 20.2 million
Cambodia has recorded a sharp rise in mobile payments as more and more people have turned from cash-based to digital transaction options, the National Bank of Cambodia (NBC) said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501336216/cambodia-sees-significant-increase-in-digital-payments-with-e-wallets-exceeding-20-2-million/
$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/
