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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/

Sun Chanthol asks Japan to promote positive investment in Cambodia

Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, requested that Japan positively disseminate Cambodia’s investment potential and other incentives to Japanese investors. ...

Khmer Times Staff
https://www.khmertimeskh.com/501382891/sun-chanthol-asks-japan-to-promote-positive-investment-in-cambodia/

Tax revenue falls in first 8 months of ‘23: ministry

In the first eight months of 2023, the government reported revenue of almost $4.2 billion, representing nearly 66% of the target set for 2023 by the annual budget law. This performance marks a decline of over 2% compared to the same period last year, as ...

Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-falls-first-8-months-23-ministry

Cambodia to host 6th Asian Youth Para Games in 2029

Cambodia will host the 6th Asian Youth Para Games, following the 5th Asian Youth Games in 2029, according to a press release of the National Paralympic Committee of Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501422596/cambodia-to-host-6th-asian-youth-para-games-in-2029/

Press release on the prevention of rock dumping in the river in Srey Santhor district, Kampong Cham province, and other locations

On 24 February 2024, the Ministry of Water Resources and Meteorology issued a press release on the prevention of dumping rocks in the river. The ministry confirmed that rock dumping will cause obstacles or obstruction of the natural flow of water in rivers and is ...

Ministry of Water Resources and Meteorology

Download: pdf

Cambodia ready to ramp up trade ties with Malaysia

A business forum scheduled to be held on Tuesday in Kuala Lumpur, Malaysia, is expected to pave the way to enhance bilateral cooperation on trade, investment and economy between Cambodia and Malaysia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501446578/cambodia-ready-to-ramp-up-trade-ties-with-malaysia/

Cambodia-ASEAN Business Summit slated for April

The Cambodian Chamber of Commerce (CCC) in collaboration with ASEAN Business Advisory Council Cambodia supported by the Cambodian Government will host the Cambodia-ASEAN Business Summit in April in Phnom Penh. ...

Chea Vanyuth
https://www.khmertimeskh.com/501445994/cambodia-asean-business-summit-slated-for-april/

GDT nets $75 million from e-commerce

The General Department of Taxation (GDT) earned value-added tax (VAT) of $75.5 million on e-commerce in 2023, a year-on-year increase of 71 percent from $44 million recorded in 2022, an official report showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501429247/gdt-nets-75-million-from-e-commerce/

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