Cambodia's tax revenues up 17 pct in 11 months
Cambodia’s General Department of Taxation had collected 800 million U.S. dollars of taxes in the first 11 months of the year, a 17 percent rise compared with the same period last year, a press release said Wednesday. The revenues came from tax on profit, withholding tax, ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131204/cambodias-tax-revenues-17-pct-11-months
GTI price resilient over strikes
It’s been a testing month for Taiwanese garment manufacturer Grand Twins International (GTI), with recurring worker demonstrations and a new sector-wide minimum-wage level set just this week. But despite the turbulence, GTI stock – one of just two companies trading on the Cambodian Stock Exchange (CSX) ...
Eddie Morton
http://phnompenhpost.com/business/gti-price-resilient-over-strikes
Tax revenue passes target amid money laundering cases
The General Department of Taxation (GTD) of the Ministry of Economy and Finance (MEF) has collected more than $2.94 billion of tax revenue for the period of first 10 months this year, which passes the amount set in the budget law 2022 and increases 26.96 ...
Kang Sothear
https://www.khmertimeskh.com/501186161/tax-revenue-passes-target-amid-money-laundering-cases/
Gov’t pledges to cut red tape
In a bid to make Cambodia more business-friendly, the government will cut back on red tape and reduce industry membership costs, Sun Chanthol, the new minister of commerce, said yesterday. Speaking to representatives from the private sector at a conference at the InterContinental Hotel in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/gov%E2%80%99t-pledges-cut-red-tape
Sanctuary ‘protected’
More than 2,000 hectares of the decimated Lumphat Wildlife Sanctuary in Ratanakkiri province have been classified by the Ministry of Environment (MOE) as the sanctuary’s first community protected area. Surrounded by three economic land concessions in Kon Mom district, the protected area is populated by a ...
Phak Seangly and Amelia Woodside
http://www.phnompenhpost.com/national/sanctuary-%E2%80%98protected%E2%80%99
Government Suspends Logging in Stung Treng Dam Concession
The government has ordered Ang & Associates Lawyer Co. Ltd., a company headed by well-known businessman Kith Meng, to cease logging in an area of Stung Treng province where a hydropower dam will be built. Sesan district governor Yeang Srey Sary said Thursday that a delegation ...
Kuch Naren and Dene-Hern Chen
http://www.cambodiadaily.com/news/government-suspends-logging-in-stung-treng-dam-concession-45878/
Firm calls fraud case a ‘misunderstanding’
The director of the Phnom Penh Municipal Court last week formally accused a property developer of attempting to defraud him of more than $200,000 he paid for a villa in Tuol Kok district when his name was not transferred to the land title, the businessman’s ...
Hay Pisey
http://www.cambodiadaily.com/news/firm-calls-fraud-case-a-misunderstanding-67656/
Soldiers took our cameras, allege NGOs
Activists from two local rights groups yesterday accused soldiers in Ratanakkiri province’s Lumphat district of seizing their cameras and stopping them from investigating a land dispute. ...
Phak Seangly
http://phnompenhpost.com/national/soldiers-took-our-cameras-allege-ngos
Minister urges graduates to continue studies and be ‘skilful intellectuals’
Minister of Education, Youth and Sport Hang Chuon Naron on Thursday encouraged recent graduates to continue their studies and become “skilful intellectuals”. The minister’s remarks were made during the Limkokwing University graduation ceremony in Phnom Penh’s Tonle Bassac commune. ...
‘Digital government’ systems being gradually implemented
The Kingdom is steadily implementing “digital government” systems to manage society by using modern computer techniques that require more skilled human resources, Minister of Interior Sar Kheng said on Monday. Speaking during a visit to some 2,000 retired civil servants and military veterans in Battambang ...
Voun Dara
https://www.phnompenhpost.com/national/digital-government-systems-being-gradually-implemented
Report: 28.1% of Cambodians take out loans for healthcare
A new report has found that 28.1 per cent of Cambodians borrow money to pay for healthcare, with microfinance insiders claiming it does not reflect the reality in the financial sector. The University of New South Wales (UNSW) surveyed 5,000 households across Cambodia and found ...
Thou Vireak
https://www.phnompenhpost.com/business/report-281-cambodians-take-out-loans-healthcare
Derivatives licences handed out
Cambodia’s capital market regulator officially granted its first round of derivatives trading licences this week, nearly 10 months after it vowed to formally regulate the inherently risky financial instrument and provide investors with more options to earn profits. ...
Kali Kotoski
http://www.phnompenhpost.com/business/derivatives-licences-handed-out
Petitioners bring years-long land disputes to ministry
Some 300 villagers representing over 6,800 families delivered a slew of petitions to the Council of Ministers and Ministry of Land Management on Monday demanding resolution to longstanding land disputes affecting about 19,000 hectares over four provinces. ...
Soth Koemsoeun
http://www.phnompenhpost.com/national/petitioners-bring-years-long-land-disputes-ministry
National TV director general not allowed to resign
Information Minister Khieu Kanharith didn’t allow director general of National Television of Kampuchea (KTV) to resign from his post and asked him to fulfill his duty as usual. Kim Kunwath wrote a resignation letter immediately after the KTV failed to broadcast live the Royal Ploughing ceremony ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=YzNiYzRhNWMyM2M
Council to decide on legality of NGO law next week
The Constitutional Council of Cambodia will meet on Wednesday to decide on the legality of a controversial draft NGO law that was passed by the National Assembly and Senate last month, according to the council’s spokesman. ...
Kuch Naren
https://www.cambodiadaily.com/news/council-to-decide-on-legality-of-ngo-law-next-week-91208/
Marketing tactics illegal: orgs
Despite implementing a ban on marketing for breast-milk substitutes (BMS) in an effort to boost natural breastfeeding, suppliers of baby formula continue to commit “flagrant violations” of the law by marketing their products illegally and claiming superior health benefits, a new report shows. ...
Taing Vida
http://www.phnompenhpost.com/national/marketing-tactics-illegal-orgs
Mrs. Louise MUSHIKIWABO, Secretary General of the International Organization of La Francophonie (OIF), will pay an official visit to the Kingdom of Cambodia
On 25 March 2022, the Ministry of Foreign Affairs and International Cooperation issued a press release on Mrs. Louise MUSHIKIWABO, Secretary General of the International Organization of La Francophonie (OIF), will pay an official visit to the Kingdom of Cambodia. At the same time, the ...
Ministry of Foreign Affairs and International Cooperation
First 10 months of year's exports up 32.9 percent
Exports from Cambodia increased 32.9 percent to $3.7 billion during the first ten months of this year compared to the same period in 2010, according to data released by the Ministry of Commerce yesterday. Milled rice exports saw the biggest increase with a 161.5 percent jump ...
Urban Dwellers Face a Battle for Land Ownership Registration
People applying for land titles in urban areas are at a huge disadvantage compared to their rural counterparts due to the higher percentage of property disputes with powerful officials and businesspeople in the country’s cities, a new report on land registration has found. To improve ...
Four solar projects approved
The Council of Ministers on Friday approved four solar projects that will produce a combined 140 megawatts. The body convened last week to review a raft of new laws and investment proposals, which included the four solar projects. In a statement issued after the meeting, the ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50623720/four-solar-projects-approved/