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Press release on the outcome of the 6th General Assembly of the Council for the Promotion of Francophonie in Cambodia (CPFC)

On 23 March 2023, the Ministry of Foreign Affairs and International Cooperation issued a press release on the outcome of the 6th General Assembly of the Council for the Promotion of Francophonie in Cambodia (CPFC). ...

Ministry of Foreign Affairs and International Cooperation

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Cambodia’s international trade declines 14.1%

Cambodia’s international trade stood at $15.16 billion for January to April this year, a decline of 14.1 percent, compared to the same period last year, according to the trade data released by the General Department of Customs and Excise (GDCE) yesterday. ...

Manoj Mathew
https://www.khmertimeskh.com/501288366/cambodias-international-trade-declines-14-1/

Cambodia launches project to promote financial literacy at local level

The National Bank of Cambodia (NBC) and the Cambodia Microfinance Association (CMA) have jointly launched the “Safe Finance in Community” project to promote financial literacy, rights and consumer protection in communities, a press statement said on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501246625/cambodia-launches-project-to-promote-financial-literacy-at-local-level/

GDCE reviews efficacy of trade facilitations

The General Department of Customs and Excise (GDCE) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ...

Hong Sovannary
https://www.khmertimeskh.com/501247700/gdce-reviews-efficacy-of-trade-facilitations/

Center to increase women journalists’ safety and access to legal aid to launch

The Women’s Media Center (WMC) will start this month after receiving funding from the British government via UNESCO for one year to improve and promote safety for female journalists in the country. ...

Chhorn Raksmey
https://kiripost.com/stories/cambodia-center-to-increase-women-journalists-safety-access-to-legal-aid

Cambodia turns challenges into opportunities for Australian investors

Huge investment potential in Cambodian sectors such as automotive, agriculture development, tourism, technology and innovation, education, logistics and supply chains, and mining have been identified in the latest investment handbook. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-turns-challenges-into-opportunities-for-australian-investors

VIDEO: CDC updates law, sub-decree to investors

Officials Of the Council for the Development Of Cambodia (CDC) on Tuesday disseminated the new Law on Investment to the members Of the Travel Goods and Leather Association (CTLA) and Cambodia Footwear Association (CFA). ...

Nuon Soksarim
https://www.khmertimeskh.com/501327605/video-cdc-updates-law-sub-decree-to-investors/

New smart airport aims to drive more tourists into Siem Reap

Cambodia Angkor Air and Trip.com Group have signed a Memorandum of Understanding (MOU) to build a smart airport in Siem Reap, the global travel service provider said in a news release. ...

Yatt Malai
https://kiripost.com/stories/cambodia-siem-reap-new-smart-airport

Vietnamese, Cambodian naval academies strengthen cooperation

The Vietnam Naval Academy (VNNA) and the Royal Cambodian Navy Academy on June 26 signed a memorandum of understanding on establishing a twinning relationship in Nha Trang city, the central province of Khanh Hoa. ...

Khmer Times Staff
https://www.khmertimeskh.com/501314853/vietnamese-cambodian-naval-academies-strengthen-cooperation/

ASEAN plans to establish disease prevention centres in three countries

ASEAN plans to set up disease prevention centres in Thailand, Indonesia, and Vietnam. Dr Kao Kim Hourn, Secretary-General of the Association of Southeast Asian Nations (ASEAN), announced the establishment of centres to respond to future epidemics and infectious diseases. ...

Buth Reaksmey Kongkea
https://www.khmertimeskh.com/501398040/asean-plans-to-establish-disease-prevention-centres-in-three-countries/

NGOs call on the government to restore human rights in Cambodia

Amid a visit by the Special Rapporteur to Cambodia, non-governmental organizations have asked the government to improve human rights conditions in the country, where freedom of expression and political rights continue to be undermined, along with the abuse of political opponents and the shutting down ...

Khuon Narim
https://cambojanews.com/ngos-call-on-the-government-to-restore-human-rights-in-cambodia/

Domestic and Chinese investors lead $619 million investment boom in Cambodia

The Council for the Development of Cambodia (CDC) has given the green light to 21 new investment projects in November 2023. With a total investment capital of nearly $619 million, these projects can potentially create approximately 22,000 jobs. ...

Khmer Times Staff
https://www.khmertimeskh.com/501404257/domestic-and-chinese-investors-lead-619-million-investment-boom-in-cambodia/

Cambodia, Japan discuss special economic zone establishment

Inter-ministries and a Japanese delegation have discussed a study project on the establishment of Cambodia-Japan Special Economic Zone, aimed to encourage more Japanese investors to invest in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501413751/cambodia-japan-discuss-special-economic-zone-establishment/

E-commerce tax revenue surges through October

Cambodia garnered $62.8 million in e-commerce value-added tax (VAT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the ...

May Kunmakara
https://www.phnompenhpost.com/business/e-commerce-tax-revenue-surges-through-oct

Data-Driven Policies: Cambodia’s commitment to sustainable agricultural development

Over 400 staff from the Ministry of Agriculture, Forestry and Fisheries (MAFF) and the National Institute of Statistics, Ministry of Planning (NIS-MOP) have been deployed on one of the most comprehensive data collection initiatives to date – the Cambodia Agriculture Survey 2023 (CAS 2023).  ...

Khmer Times Staff
https://www.khmertimeskh.com/501405469/data-driven-policies-cambodias-commitment-to-sustainable-agricultural-development/

New visa stamps aim to curb trafficking, illegal employment

The government has introduced a new measure in its fight against human trafficking, with tourist visas now specifically indicating that the bearer is unable to work legally in Cambodia. ...

Chea Sokny
https://www.phnompenhpost.com/national/new-visa-stamps-aim-to-curb-trafficking-illegal-employment

Credit growth too high, especially in real estate sectors

In July, the National Bank of Cambodia (NBC) flagged the “historically” high credit-to-gross domestic product (GDP) ratio, which stood at 189 percent in 2022, with credit-to-GDP gap reaching nearly 40 percent. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-credit-growth-too-high-especially-in-real-estate-sectors

Electrical machinery sales close to double as tech exports surge

Cambodia’s exports of electrical machinery, equipment and related products surpassed $2.4 billion in the first nine months of 2023, marking an increase of nearly double compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...

Hin Pisei
https://www.phnompenhpost.com/business/electrical-machinery-sales-close-double-tech-exports-surge

New initiatives in Cambodia revolutionise payment options for tourists

Cambodia is set to expand its payment options for tourists by implementing blockchain-based central bank digital currency (CBDC) partnerships. This move is part of the country’s strategy to modernize its tourism sector, recognizing the significant role it plays in the Cambodian economy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501405449/new-initiatives-in-cambodia-revolutionise-payment-options-for-tourists/

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