Cambodia’s garment, footwear, travel goods exports down 15 pct in 11 months
Cambodia exported $9.9 billion worth of garment, footwear and travel products to international markets in the first 11 months of 2023, down 15 percent from nearly 11.7 billion dollars in the same period last year, said a Ministry of Commerce’s report released on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501413720/cambodias-garment-footwear-travel-goods-exports-down-15-pct-in-11-months/
Gold processing to begin next year
Following the recent approval of its environment and social impact assessment by the Ministry of Environment, the kingdom’s first gold-processing plant will begin operations next year, a spokesperson for the Ministry of Mines and Energy said on Monday. ...
May Kunmakara
http://www.khmertimeskh.com/5096661/gold-processing-begin-next-year/
Budget backed without support
Members of the ruling Cambodian People’s Party voted in the National Assembly yesterday to back a 2017 national budget that outlines spending of $5 billion, but opposition Cambodia National Rescue Party (CNRP) members refused to give it their support. ...
Chea Vannak
http://www.khmertimeskh.com/news/32306/budget-backed-without-support/
Royal gazette to move online
The government will this year stop printing the royal gazette for sale to the public and begin publishing new editions online, an official said yesterday. ...
Mech Dara and Shaun Turton
http://www.phnompenhpost.com/national/royal-gazette-move-online
Cambodia receives over 2.4 mln foreign visitors in 7 months
Cambodia has welcomed 2.43 million international tourists in the first seven months of the year, up 19 percent compared with the 2.04 million tourists over the same period last year, the figures of the Ministry of Tourism said Thursday. During the January-July period this year, Vietnam ...
Global Times News Staff
http://www.globaltimes.cn/content/810761.shtml#.UjJ2qNKBmN8
Traffic accident provokers may face imprisonment: Traffic police
Drivers must be responsible for what they commit when they cause road accidents that lead to loss of lives; they not only face fine, but also imprisonment, said Pen Khon, deputy chief of Bureau of Land Traffic. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/traffic-accident-provokers-may-face-imprisonment:-traffic-police-7550
Tax revenues exceed 2019 projections
Sound macro-economic performance coupled with political stability resulted in the Kingdom collecting some $6 billion in tax last year, up more than $1.485 billion on the government’s target of $4.56 billion for the period. of the figure, $2.26 billion was collected by the General Department ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-revenues-exceed-2019-projections
NGO: Data shows ‘wholesale sell-off’
Cambodia should urgently disclose all information about land ownership and rethink its “wholesale sell-off” of the country’s natural resources, a local rights group said yesterday. The call to release information about Cambodia’s land sector, including a declaration of revenues, came as Licadho released an analysis of ...
Daniel Pye and Pech Sotheary
http://www.phnompenhpost.com/ngo-data-shows-wholesale-sell
SERC signs MoU on FinTech rules
The Securities and Exchange Regulator of Cambodia (SERC) entered into a memorandum of understanding (MoU) with Cambo Trust Plc to “enhance the implementation of the FinTech Regulatory Sandbox in the securities sector”. ...
May Kunmakara
https://www.phnompenhpost.com/business/serc-signs-mou-fintech-rules
Cambodia GFT exports at $6.27 billion in 7 months
Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods extended its lean patch into the seventh month of the year, as the exports recorded a decline of 20.44 percent in the January to July period of 2023. ...
Manoj Mathew
https://www.khmertimeskh.com/501342930/cambodia-gft-exports-at-6-27-billion-in-7-months/
Exports inch up in spite of international trade falling from Jan-Aug
Trade between Cambodia and international partners in the first eight months of 2023 amounted to nearly $32 billion, down 14.5 per cent compared to $37.4 billion in the same period in 2022, although the General Department of Customs and Excise of Cambodia (GDCE) contended that ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-inch-spite-international-trade-falling-jan-aug
Tax revenue dips 2% between Jan, July
The government collected 15.4 trillion riel or $3.7 billion in tax revenue in the first seven months of the year, which is equivalent to 58.7 per cent of the 2023 annual budget law, according to the Ministry of Economy and Finance. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-dips-2-between-jan-july
Q1 Canada trade dips 22% despite March rebound
The merchandise trade volume between Cambodia and Canada reached $192.720 million in the first quarter of 2023, making the world’s ninth largest economy the Kingdom’s 10th biggest trading partner for the three-month period, according to Customs (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/q1-canada-trade-dips-22-despite-march-rebound
Cambodia’s GFT woes unabated as exports decline 23%
The lean patch of Cambodia’s biggest export-earning segment of garments, footwear and travel (GFT) goods continued into the fifth month of the year as the January to May exports recorded a decline of 23.06 percent, compared to the same period in 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501306694/cambodias-gft-woes-unabated-as-exports-decline-23/
Cambodia collects nearly $6 billion in taxes in 2023
Cambodia earned $5.9 billion in revenues from all kinds of taxes in 2023, a 3.9 percent decrease compared to $6.14 billion in 2022, as per an official report released on Friday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501442033/cambodia-collects-nearly-6-billion-in-taxes-in-2023/
Cambodia’s trade with ASEAN up 11.8% in first 8 months of 2024
Cambodia’s trade exchanges with its fellow ASEAN member states amounted to $10.49 billion in the first eight months of this year, up 11.8% from $9.38 billion over the same period last year, said a report from the General Department of Customs and Excise on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501565511/cambodias-trade-with-asean-up-11-8-in-first-8-months-of-2024/
Building back better with access to information
UNESCO and the Ministry of Information, and the Ministry of Post and Telecommunications, the Department of Media and Communication at the Royal University of Phnom Penh, and civil society organisations, are commemorating the 2021 International Day of Universal Access to Information (IDUAI) in Cambodia, on ...
Khmer Times Staff
https://www.khmertimeskh.com/50942865/building-back-better-with-access-to-information/
Ministry: SMEs vital to economy, but 95% not registered
Small and Medium Enterprises (SMEs) are key factors in the Kingdom’s industrial sector growth, but around 95 per cent of Cambodia’s SMEs have not been properly registered, the Ministry of Industry and Handicraft said on Friday. ...
Hin Pisei
https://www.phnompenhpost.com/business/ministry-smes-vital-economy-95-not-registered
SMEs urged to comply with tax changes
The majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, said ...
Sok Chan
http://www.khmertimeskh.com/news/38595/smes-urged-to-comply-with-tax-changes/
Groups appeal to gov’t to pass traffic law
The Cambodia Red Cross, NGOs and traffic accident victims Thursday marked annual road safety week by appealing to the government to quickly pass a new traffic law in an effort to reduce road accidents. The Ministry of Justice must still review the new traffic law ...
Ben Sokhean
http://www.cambodiadaily.com/archives/groups-appeal-to-govt-to-pass-traffic-law-56448/