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‘The devil is in the details’ – Tax versus incentives in new investment law

The new Law on Investment is expected to come into force next year, 10 years after the government embarked on a plan to repeal the existing statute, which was enacted in 1994, and amended in 2003.   ...

Sangeetha Amarthalingam
https://www.phnompenhpost.com/special-reports/devil-details-tax-versus-incentives-new-investment-law

150 projects worth $3.45B approved in nine months

Cambodia has approved 150 fixed-asset investment projects worth about $3.45 billion in the January-September period of 2022, according to the Council for the Development of Cambodia (CDC)’s report yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501164016/150-projects-worth-3-45b-approved-in-nine-months/

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/

Koreans eyeing bank IPO

Korean investors are looking forward to investing in the local stock market as it prepares to welcome Acleda Bank Plc into its main board. With Acleda Bank, one of the largest banks in the Kingdom, scheduled to go public in upcoming weeks, hundreds of Korean businesspeople ...

May Kunmakara
https://www.phnompenhpost.com/business/koreans-eyeing-bank-ipo

Acleda to be listed on CSX

Locally-owned Acleda Bank Plc will become the first commercial bank to be listed on the Cambodia Securities Exchange (CSX). It received an official letter to this effect from the National Bank of Cambodia (NBC) on November 26, which allows it to proceed with its plans for ...

May Kunmakara
https://www.phnompenhpost.com/business/acleda-be-listed-csx

Ministry issues rice wine warning

The Health Ministry has asked people to be careful when purchasing rice wine for Chinese New Year to avoid negative health effects following two deaths and more than ten cases of poisoning from rice wine consumption in 2017.Chinese New Year takes place next week from ...

Pech Sotheary
http://www.khmertimeskh.com/50107384/ministry-issues-rice-wine-warning/

Police detain five following slaying of Chinese woman

Authorities have detained five Chinese nationals for questioning following the brutal slaying of a Chinese woman at her apartment in Phnom Penh’s Pur Senchey district on Sunday evening, police said on Monday. ...

Buth Kimsay
https://www.cambodiadaily.com/news/police-detain-five-following-slaying-of-chinese-woman-100506/

Cambodia’s new investment law becomes more attractive and considerate for investors

The Draft Law on Investment of the Kingdom of Cambodia was approved by the Royal Government in the Plenary Meeting of the Council of Ministers chaired by Prime Minister Hun Sen.   ...

Khmer Times Staff
https://www.khmertimeskh.com/50891114/cambodias-new-investment-law-becomes-more-attractive-and-considerate-for-investors/

New Zealand’s Phil Twyford to visit Cambodia to boost trade links with South East Asia

Minister of State for Trade and Export Growth Phil Twyford will travel to Cambodia this week to attend the Association of South East Asian Nations (ASEAN) Economic Ministers’ consultations. ...

Khmer Times Staff
https://www.khmertimeskh.com/501150483/new-zealands-phil-twyford-to-visit-cambodia-to-boost-trade-links-with-south-east-asia/

Investment Law may be in effect as soon as April

Cambodia’s newly-drafted Investment Law will be in effect as soon as in April 2021, according to Ministry of Economy and Finance secretary of state Phan Phalla on January 27. He made the remark at the Public Forum on Macroeconomic Management and Budget Law 2021, ushering ...

Hin Pisei
https://www.phnompenhpost.com/business/investment-law-may-be-effect-soon-april

Rice deal with Papua New Guinea on the table

Cambodian could soon be exporting its world-renowned rice to the Oceanian nation of Papua New Guinea after trade representatives from both countries held negotiations last week. ...

Sok Chan
https://www.khmertimeskh.com/50491622/rice-deal-with-papua-new-guinea-on-the-table/

New investment law to attract more investments

The New investment law is expected to make Cambodia an attractive destination for New investment and to improve the investment environment to keep the existing investments in the country. The law is currently in drafting stage and is expected to go online within this year, ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50743474/new-investment-law-to-attract-more-investments/

Retail boom at holiday time

As millions of Cambodians prepare for Lunar New Year celebrations, Phnom Penh retailers say residents are spending more on the 2015 festivities than ever before. Independent economist Srey Chanthy told the Post that a dip in petrol prices had helped lower-income Cambodians increase their purchasing ...

Hor Kimsay
http://www.phnompenhpost.com/retail-boom-holiday-time

Migrant workers return

More than 20,000 migrant workers have passed through Battambang province’s Daung international border crossing this month to return home for Khmer New Year, while Poipet border officials say workers have yet to return through their checkpoint in large numbers. Banteay Meanchey provincial Department of Labour ...

Khorn Savi
https://www.phnompenhpost.com/national/migrant-workers-return

New road traffic law drafted

Minister of Interior Sar Kheng confirmed that a working group is drafting an entirely new road traffic law to replace the current one which he said requires so many changes to address problems associated with law enforcement. ...

Voun Dara
https://www.phnompenhpost.com/national/new-road-traffic-law-drafted

Kingdom, New Zealand keen on building up development policies

The Council for the Development of Cambodia (CDC) and the New Zealand Embassy to Cambodia on Monday organised a joint discussion to further promote bilateral development cooperation programmes responding to the needs of the Kingdom and other ASEAN countries. ...

Nhean Chamrong
https://www.khmertimeskh.com/501447222/kingdom-new-zealand-keen-on-building-up-development-policies/

Traffic law changes in force

The government has amended the Road Traffic Law and updated the fines for all road violations. A sub-decree released on Tuesday said the fine for motorcycle or tuk-tuk drivers and motorbike riders who fail to wear helmets or wear them incorrectly is 60,000 riel ($15). ...

Voun Dara
https://www.phnompenhpost.com/national/traffic-law-changes-force

More than 72,000 motorists issued fines since May 1

Traffic police have fined more than 72,000 offenders since the new Road Traffic Law was strictly enforced from May 1 up to Monday. ...

Sok Srey Lux
https://www.khmertimeskh.com/50737293/more-than-72000-motorists-issued-fines-since-may-1/

Relevant legislation: Ministry drafting new immigration law

A ministry working group is drafting a new law aimed to effectively manage immigrants and all foreigners in the Kingdom as Interior Minister Sar Kheng said the current Law on Immigration has many “loopholes and challenges” in its implementation. ...

Ben Sokhean
https://www.khmertimeskh.com/50749526/relevant-legislation-ministry-drafting-new-immigration-law/

Policymakers push new laws to attract more foreign investment

Local policymakers are driving Cambodia’s regional geography, young population and low labour costs to attract more foreign direct investment (FDI) as the Kingdom releases its new five-year development plan for the garment industry. ...

Sorn Sarath
https://www.khmertimeskh.com/50751156/policymakers-push-new-laws-to-attract-more-foreign-investment/

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