CDC opens tax desk to advise foreign firms
The Council for the Development of Cambodia (CDC) established a tax desk at their offices that will be staffed by employees from the General Department of Taxation, in hopes of easing the burden of registration for foreign companies. ...
Post Staff
http://www.phnompenhpost.com/business/cdc-opens-tax-desk-advise-foreign-firms
China, Cambodia to share credit reports
The central banks of Cambodia and China are in talks to share customers’ credit reports in an effort to boost bilateral private investment, as a response to rising trade between the two countries. The National Bank of Cambodia (NBC) director general Chea Serey told Khmer Times ...
May Kunmakara
http://www.khmertimeskh.com/news/32409/china--cambodia----to-share-credit-reports/
Electric proposal Usage-based plan to lower power rates
Cambodia’s electricity regulator is set to roll out seven new plans designed to reduce electricity fees beginning in April and through 2020, with some fees dropping as low as 480 riel per kilowatt hour. ...
Yesenia Amaro and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/electric-proposal-usage-based-plan-lower-power-rates
Cambodian exports to US down
Cambodia’s total exports to the United States declined last year compared with 2015, due to uncertainties in the US presidential race and rising exports from Vietnam and new market player Myanmar. ...
May Kunmakara
http://www.khmertimeskh.com/news/35260/cambodian-exports-to-us-down/
NBC unveils online trading platform
In order to promote interbank transactions and lending, the National Bank of Cambodia (NBC) has officially launched a new online platform which allows financial operators to apply for and trade the central bank’s financial instruments like negotiable certificates of deposits (NCDs), liquidity-providing collateralised operations (LPCOs) ...
Hor Kimsay
http://www.phnompenhpost.com/business/nbc-unveils-online-trading-platform
Rural access to water, sanitation improves
According to the report, the number of people living in rural areas who had access to clean water increased from half in 2015 to 53 percent in 2016, while access to sanitation, such as proper toilets, increased nearly 10 percent to 56 percent. ...
Yuan use gains traction as trade link with China grows
With trade and investment between Cambodia and China steadily increasing, Chinese currency-backed settlements for cross-border commerce have sharply taken off as the Kingdom continues to deepen its economic dependency on the northern giant, a central bank official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/yuan-use-gains-traction-trade-link-china-grows
Cambodia’s trade with US reaches US$1.39-B in 1-H, + 4.5%
Cambodia’s trade with US reaches US$1.39-B in 1-H, + 4.5% Bi-lateral trade volume between Cambodia and the United States had jumped to US$1.39-B in 1-H of this year, a 4.5% rise compared with US$1.33-B at the same period last year, according to the statistics of the ...
http://www.livetradingnews.com/cambodias-trade-with-us-reaches-us1-39-b-in-1-h-4-5-83222.htm
Thai-Cambodian border trade still normal
Despite the disputed territory near Phra Viharn Temple, Thai-Cambodian border trade is still normal as 150,000 billion baht cash flow is expected by the end of 2013. According to the Thai Chamber of Commerce (TCC), border trade along the disputed area around Phra Viharn Temple ...
Thailand National News Bureau Staff
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5610270010002
Protesters take aim at prices
Tuk-tuk, motorbike and taxi drivers were among hundreds of workers from Cambodia’s “informal economy” who called on the government yesterday to cap fuel prices at 4,000 riel ($1) per litre, amid claims that the current 5,000 riel price leaves them unable to cover any more ...
Hor Kimsay
http://www.phnompenhpost.com/business/protesters-take-aim-prices
Cambodia's rubber export surges 46 pct in 10 months
Cambodia has seen a 46 percent rise in dry rubber export in the first ten months of 2013 thanks to rising global demand, said the report of the Commerce Ministry on Friday. The country exported 62,915 tons of dry rubber during the January-October period this year, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/08/c_132870615.htm
Law Aimed at Protecting Local Products Approved
The Council of Ministers has approved a draft law aimed at protecting the patent rights of traditional Cambodian products, which if violated could be met with a fine of up to $5,000 and a five-year jail term. The law on geographical indication (G.I.), a status given ...
Hul Reaksmey and George Styllis
http://www.cambodiadaily.com/news/law-aimed-at-protecting-local-products-approved-46855/
Cambodia earns $2.5 billion from tourism in 2013
Cambodia earned $2.5 billion from the tourism sector last year, a senior government official said Monday. Last year’s income from tourism accounted for around 16 percent of the nation’s gross domestic product and provided jobs directly to about 400,000 people, Sok An said. The Cambodian government ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/140414/cambodia-earns-25-billion-tourism-2013
Exports of rubber up, but prices on the fall
Despite a large increase in exports during the first quarter, natural rubber producers continue to see declining revenues, as world prices fall further. The latest figures from the Ministry of Commerce show natural rubber exports grew 26 per cent during the first quarter of 2014, compared ...
Chan Muyhong
http://www.phnompenhpost.com/business/exports-rubber-prices-fall
Cambodia exports 177,928 tons of rice in January-June, 2014; up 1% from last year
Cambodia exported about 177,928 tons of rice in first half of calendar year 2014, up about 1% from about 175,959 tons rice exported in the same period last year, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF). ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-exports-177928-tons-rice-january-june-2014-1-last-year
Anonymous hacked us: Hun Many’s youth group
The Union of Youth Federations of Cambodia (UYFC), led by Hun Many, Prime Minister Hun Sen’s son, is claiming that one of its Facebook pages was hacked by international “hactivist” group Anonymous. ...
Vong Sokheng
http://www.phnompenhpost.com/national/anonymous-hacked-us-hun-many%E2%80%99s-youth-group
Tax regulation gets a shake up
In an effort to centralise tax registrations and improve taxpayer accountability, the Ministry of Economy and Finance (MoEF) this month passed a raft of changes to the country’s tax registration regulations. Prakas 1139, issued by the MoEF on October 9, states that all legal entities including ...
Eddie Morton
http://phnompenhpost.com/post-weekend/tax-regulation-gets-shakeup
Petrol firms told to open books
Cambodia’s petrol retailers have been ordered by the government to hand over import information and financial records in what looks to be the first steps toward installing fuel-price legislation. The Ministry of Mines and Energy (MME) announced publicly yesterday via state-owned media Agence Kampuchea Presse (AKP) ...
Eddie Morton
http://www.phnompenhpost.com/business/petrol-firms-told-open-books
Group contests police report of gateway arrests
Police in Siem Reap City said Thursday that they arrested six people on Wednesday for questioning over an arson attack on a decorative gateway built for the Angkor Sangkranta festival. ...
Khy Sovuthy
https://www.cambodiadaily.com/news/group-contests-police-report-of-gateway-arrests-81784/
Six Cambodian women to be returned from China
Six Cambodian women trafficked to China to become brides and seven Cambodian victims of labor exploitation in Saudi Arabia will be repatriated by the end of the month, the Ministry of Foreign Affairs announced Monday. ...
Kuch Naren
http://www.cambodiadaily.com/news/six-cambodian-women-to-be-returned-from-china-68087/