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/
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/
PM urges ministry to speed up preparation of inspection law
Prime Minister Hun Manet urged the Ministry of Inspection to expedite the preparation of the Law on Inspection this year. ...
Torn Vibol
https://www.khmertimeskh.com/501439435/pm-urges-ministry-to-speed-up-preparation-of-inspection-law/
Cambodia charts 1.8b digital payments, valued at $492b in 2023
Some 1.8 billion Khmer riel and US dollar digital transactions valued at $492 billion were recorded in 2023, which rose over 600 million from 1.1 billion transactions in 2022, the National Bank of Cambodia (NBC) said on March 29. This significant increase, an economist opined, ...
Meas Molika
https://kiripost.com/stories/cambodia-charts-18b-digital-payments-valued-at-492b-in-2023
Ministry conducts Digital School training
The education ministry’s Information Technology Department conducted a recent training course for 200 high school teachers, in order to enhance their use of online teaching resources. ...
Bor Pich Zelin
https://www.phnompenhpost.com/national/ministry-conducts-digital-school-training
Out-of-court dispute service being encouraged
The National Authority for Out-of-Court Dispute Resolution (NAOCDR) is working with about 40 non-governmental organisations (NGOs) to encourage people to resolve issues out-of-court. ...
Torn Vibol
https://www.khmertimeskh.com/501424133/out-of-court-dispute-service-being-encouraged/
CGCC provides over US$160 million credit supports to SMEs
The Credit Guarantee Corporation of Cambodia (CGCC) has infused credit guarantees of as much as $164.7 million as of December 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501427481/cgcc-provides-over-us160-million-credit-supports-to-smes/
A large French logistics company plans to expand investment in Cambodia
CMA CGM GROUP, a world’s largest shipping and logistics company, is intended to expand its investment in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425801/a-large-french-logistics-company-plans-to-expand-investment-in-cambodia/
10 investment projects worth $60m given green light
On Wednesday, the Council for the Development of Cambodia (CDC) announced the release of 10 investment projects worth $60 million in textile, garment, footwear, and manufacturing industries, creating 12,695 jobs. ...
Yatt Malai
https://kiripost.com/stories/10-investment-projects-worth-60m-given-green-light
Cambodia expects to earn about $88 million a year in transportation costs from the Funan-Techo Canal Project
Cambodia expects to earn $88 million a year from transportation through the Funan-Techo canal by 2050 and reach $570 million a year by then. ...
Khmer Times Staff
https://www.khmertimeskh.com/501483086/cambodia-expects-to-earn-about-88-million-a-year-in-transportation-costs-from-the-funan-techo-canal-project/