$1.5 billion collected as VAT till Nov 2022; June most rewarding
The Royal Government of Cambodia collected $1.5 billion in value added tax (VAT) for goods and services in the first eleven months of 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501216673/1-5-billion-collected-as-vat-till-nov-2022-june-most-rewarding/
Cambodia’s central bank says foreign reserves increased to $18.4 billion as of June
Cambodia’s international reserves had risen to $18.4 billion as of June 2023, up 3.2 percent from $17.82 billion at the end of 2022, said a report of the National Bank of Cambodia (NBC) on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501334799/cambodias-central-bank-says-foreign-reserves-increased-to-18-4-billion-as-of-june/
Cambodia sees significant increase in digital payments with e -wallets exceeding 20.2 million
Cambodia has recorded a sharp rise in mobile payments as more and more people have turned from cash-based to digital transaction options, the National Bank of Cambodia (NBC) said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501336216/cambodia-sees-significant-increase-in-digital-payments-with-e-wallets-exceeding-20-2-million/
$300M maiden sovereign-bond issue set to begin on Sept 7: NBC
The National Bank of Cambodia (NBC) announced that it will float the 100 billion riel ($25 million) first tranche of its 1.2195 trillion riel maiden sovereign-bond issue on September 7, which financial experts point out will allow the government to diversify funding sources for national ...
May Kunmakara
https://www.phnompenhpost.com/business/300m-maiden-sover-eign-bond-issue-set-begin-sept-7-nbc
Drone sub-decree on way before July election
The Ministry of Interior, the State Secretariat of Civil Aviation (SSCA) and relevant state institutions are accelerating the completion of a draft sub-decree on the management of drones, in order to better guarantee security and public order ahead of the 7th parliamentary election. ...
Sok Raksa
https://phnompenhpost.com/national/drone-sub-decree-way-july-election
Inter-ministerial commission formed to oversee canal project
The government has established an inter-ministerial commission to implement the long anticipated Bassac-Kep river navigation and logistics system, a first-of-its-kind waterway transportation project in Cambodia which has been named the “Funan Techo Canal”. ...
Sok Raksa
https://www.phnompenhpost.com/national/inter-ministerial-commission-formed-oversee-canal-project
Cambodia launches project to promote financial literacy at local level
The National Bank of Cambodia (NBC) and the Cambodia Microfinance Association (CMA) have jointly launched the “Safe Finance in Community” project to promote financial literacy, rights and consumer protection in communities, a press statement said on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501246625/cambodia-launches-project-to-promote-financial-literacy-at-local-level/
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/
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
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/
Cambodia gears up for LDC graduation challenges
While exiting the Least Developed Country (LDC) status is considered a development milestone for Cambodia, it also means loss of trade benefits enjoyed by LDCs, including duty-free status under the Generalized System of Preferences by various countries especially the European Union. ...
Manoj Mathew
https://www.khmertimeskh.com/501475821/cambodia-gears-up-for-ldc-graduation-challenges/
Job applications in the Republic of Korea at the Committee for Training and Sending Workers Abroad
On 25 March 2022, the Ministry of Labor and Vocational Training issued a notification on job applications in the Republic of Korea, made at the Committee for Training and Sending Workers Abroad, located at the National Polytechnic Institute of Cambodia.The Committee for Training and Sending ...
Ministry of Labor and Vocational Training
Japan gives more grants for schools
The Japanese government Friday granted nearly $20,000 to repair and upgrade fascilities at schools in two provinces. ...
Pav Suy
http://www.khmertimeskh.com/news/18903/japan-gives-more-grants-for-schools/
Schools get climate change textbook
The Environment and Education ministries have unveiled the official textbook on climate change for upper secondary schools. Under-secretary of state of the Environment Ministry Khut Chandara said at the official launch of the book on Monday that education played an important role in social, economic ...
Pech Sotheary
https://www.khmertimeskh.com/50507849/schools-get-climate-change-textbook/
‘Factories, fossil fuels mostly to blame for climate change’
Ministry of Environment spokesman Neth Pheaktra on Wednesday blamed climate change and global warming on greenhouse gas emissions from heavy industrial factories and the burning of fossil fuels in developed countries. He said deforestation is only a small contributing factor. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/factories-fossil-fuels-mostly-blame-climate-change
Waste production continues to rise
The Ministries of Environment and Tourism have reiterated calls for factories, restaurants and markets to properly handle waste disposal as the amount produced in the Kingdom continues to grow. ...
Pech Sotheary
https://www.khmertimeskh.com/50539241/waste-production-continues-to-rise/
ING land revoked after failures
The government has decided to revoke five land titles given to tycoon Ing Bun Hoaw after his company, ING Holdings, failed to develop infrastructure along Boeng Choeung Ek lake and erect a satellite city in Phnom Penh and Kandal province’s Takhmao city. The Council of Ministers ...
Khuon Narim
https://www.khmertimeskh.com/50623221/ing-land-revoked-after-failures/
Commission to save natural resources
The government created a national commission last week to prevent and crack down on crimes involving natural resources. National Military Police Commander Sao Sokha will head the commission and Hou Sakun, the deputy commissioner general of the National Police, will be second in command. Environment Ministry and ...
Pech Sotheary
http://www.khmertimeskh.com/news/33006/commission-to-save-natural-resources/
Sesan dam families ask PM for help
Ten representatives of 143 indigenous families affected by the development of the Lower Sesan II hydropower dam in Stung Treng province gathered yesterday to submit a petition to the Interior Ministry and the Prime Minister’s cabinet. ...
Pech Sotheary
http://www.khmertimeskh.com/5080579/sesan-dam-families-ask-pm-help/
Effort to curb violence against children gaining speed
The effort to reduce violence against children in Cambodia is gaining speed, with a boost from the Religion Ministry, which will highlight the Buddhist value of nonviolence as well as the practice of meditation in the country’s schools, according to ministry officials. ...
Srey Kumneth
http://www.khmertimeskh.com/news/13762/effort-to-curb-violence-against-children-gaining-speed/