Cambodia ‘ripe’ for money laundering
Cambodia is ripe for money-laundering and terrorist financing activities due to rampant corruption, banking-sector secrecy and an overall lack of financial transparency, a governance institute says in a report released this week. The Switzerland-based Basel Institute on Governance has ranked Cambodia the third “highest-risk” country out of 144 ...
Ministry sets the record straight on MT Strovolos and her crew
THE “theft and/or misappropriation” of some 295,000 barrels of crude oil belonging to Cambodia by the owners, managers and crew of a tanker – detained by Indonesian authorities in July – and their accomplices “constitute criminal acts pursuant to the relevant Cambodian laws”. ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-sets-record-straight-mt-strovolos-and-her-crew
Settling disputes in securities sector with the SERC mediation mechanism
The SERC – established under the Preah Reach Kram No. NS/RKM/1007/028 on October 19, 2007 that promulgates the Law on the Issuance and Trading of Non-Government Securities – is the sole authority that controls and supervises the securities sector. ...
Post Staff
https://www.phnompenhpost.com/business/settling-disputes-securities-sector-serc-mediation-mechanism
Customs rakes in $1.52B in 8 months
Cambodia generated $1.520 billion in customs revenue in the first eight months of this year, equivalent to 64.2 per cent of the target set by the Law on Financial Management for 2021, despite the ongoing Covid-19 crisis. ...
May Kunmakara
https://www.phnompenhpost.com/business/customs-rakes-152b-8-months
Firm to clear up fallacies of Kingdom-US ties
Prime Minister Hun Sen has reached out to a prominent US-based law firm to clear up confusion surrounding US-Cambodia relations. The premier said the services are warranted as relations between the two nations are currently at an unprecedented level, stressing that they are the best ...
Ry Sochan
https://www.phnompenhpost.com/national-politics/firm-clear-fallacies-kingdom-us-ties
University students encouraged to focus on digital technology
Ministry of Commerce (MoC) has encouraged university students in Cambodia to focus on digital technology and innovation developments amid the remarkably growing Industry Revolution 4.0 and e-commerce business after the e-commerce law was passed. ...
Kang Sothear
https://www.khmertimeskh.com/501139165/university-students-encouraged-to-focus-on-digital-technology/
GDT collects over $300M in taxes for January
The General Department of Taxation (GDT) collected $300.59 million in tax revenue last month, or about 8.42 per cent of the $3.57170 billion target set in the 2023 Law on Financial Management, marking a 4.29 per cent increase over January 2022. ...
Lay Samean
https://www.phnompenhpost.com/business/gdt-collects-over-300m-taxes-january
PM pats GDT chief on back after record tax revenues
Prime Minister has congratulated General Department of Taxation (GDT) chief Kong Vibol on a job well done after the agency last year collected revenues equivalent to 122.54 per cent of the target set by the annual financial management law, in the “highest surplus of all ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-pats-gdt-chief-back-after-record-tax-revenues
Senior officials urge park rangers to educate and advertise people about the law and the impact of deforestation and wildlife
Senior officials of the Ministry of Environment has urged park rangers to educate and advertise people living around protected areas to understand the law and the impact of deforestation and wildlife conservation for the long term benefit of the future. ...
Khmer Times Staff
https://www.khmertimeskh.com/501312001/senior-officials-urge-park-rangers-to-educate-and-advertise-people-about-the-law-and-the-impact-of-deforestation-and-wildlife/
NEC seeks feedback to improve electoral regulations
To better the rules and processes for the July 23 National Election, the National Election Committee (NEC) has requested input from stakeholders on the draft revisions to the election law. ...
Torn Vibol
https://www.khmertimeskh.com/501317760/nec-seeks-feedback-to-improve-electoral-regulations/
Tax revenue ‘exceeds’ expectations
The government has amassed over $3 billion in revenue from the General Department of Taxation (GDT) as of October 30, which represents 85.7% of the 2023 Law on Financial Management despite the deteriorating global economic landscape affecting the region. ...
May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-exceeds-expectations
Minister outlines principles of grade 12 exams
Minister of Education, Youth and Sport Hang Chuon Naron has reiterated that this year’s grade 12, or baccalaureate, exams will be held according to the “principles of law, justice, transparency and acceptable results”. ...
Post Staff
https://www.phnompenhpost.com/national/minister-outlines-principles-grade-12-exams
Whereabouts of Bavet governor still a mystery
Government and police officials were at a loss yesterday to pinpoint the whereabouts of the Bavet town governor, who has been identified as a suspect in the shooting of three women at a protest two weeks ago. An arrest warrant had still not been issued for ...
Cambodia Nothing To Fear From Openness And Competitions: Trade Minister
Cambodia so far has not feared for creating ASEAN economic community 2015 and deeper ASEAN and East Asia regional integration as the region will have free flow of goods, worker mobilization, finance and investment,” trade minister Cham Prasidh said on June 12. His announcement was made during the workshop of ASEAN economic community 2015. “We ...
Lifting maid ban proving a challenge
A lack of legal protections, insufficient commitment from the Malaysian government and an overworked, understaffed embassy are among the major obstacles to lifting the maid ban, according to an internal government report obtained yesterday. Penned by the Ministry of Interior, the 12-page brief details a ...
http://www.phnompenhpost.com/2013010960701/National/lifting-maid-ban-proving-a-challenge.html
US Ambassador Calls for Election Investigation, NEC Reform
Repeating his country’s call for a transparent investigation into irregularities during the July 28 national election, the U.S. ambassador to Cambodia has urged the government to repair deficiencies in the electoral process. While some foreign governments have issued congratulatory messages to Prime Minister Hun Sen and ...
The Cambodia Daily
http://www.cambodiadaily.com/elections/us-ambassador-calls-for-election-investigation-nec-reform-38282/
Cambodia's bourse sees slow progress in 1st year of operations
The Cambodia Securities Exchange (CSX) has seen slow progress in its first year of operations because there has been only one listed firm and public knowledge about the stock market remains low, officials said Thursday. The CSX was officially launched trading on April 18 last year ...
Nguon Sovan
http://news.xinhuanet.com/english/world/2013-04/18/c_132320982.htm
Major banks show more agricultural sector trust
Major financial institutions show more trust in providing loans to the agricultural sector, evidenced by increasing agricultural loan disbursement, thanks to potential growth in the sector and better preparation of financial report among borrowers, according to industry insiders. Acleda Bank, Cambodia’s largest domestically owned bank, has ...
Rice plots blocked at dam site
In a first step toward clearing villagers from land intended for a planned Koh Kong provincial hydroelectric dam, a Chinese development firm has blocked a road leading to plots where villagers have continued to harvest rice. Officials from Tianjin Union Development Group, which was awarded a ...
Sen David
http://www.phnompenhpost.com/national/rice-plots-blocked-dam-site
Water Authority Share Price Hits New Low
The usually static share price of the Phnom Penh Water Supply Authority (PPWSA), still the only company listed on the Cambodia Securities Exchange (CSX), fell Monday to its lowest price since it began trading more than two years ago. At the close of business Monday, the ...
Hul Reaksmey
http://www.cambodiadaily.com/business/water-authority-share-price-hits%E2%80%88new-low-42002/