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Investment in financial sector falls 28.7%

Investment in the financial sector declined by 28.7 percent in 2023, despite an increase in foreign direct investment (FDI) of 14.5 percent, according to the National Bank of Cambodia’s (NBC) 2023 annual report. ...

Mao Sreypich
https://kiripost.com/stories/investment-in-financial-sector-falls-287

US Calls for improved business climate in Cambodia

The US-ASEAN Business Council has requested that Cambodia cooperate to facilitate US company investment, business, and trade in the Kingdom, particularly to improve the climate. ...

Mao Sreypich
https://kiripost.com/stories/us-calls-for-improved-business-climate-in-cambodia

‘We are dying to live in our homeland’: Siem Reap villagers protest against Apsara

On Monday hundreds of families living inside the Angkor archaeological park protested against the Apsara National Authority, which manages the park, for barring them from doing construction and other activities that support their livelihoods. ...

Khuon Narim
https://cambojanews.com/we-are-dying-to-live-in-our-homeland-siem-reap-villagers-protest-against-apsara/

Sunwah Group sees investment potential in Cambodia

Hong Kong-based Sunwah Group, along with a group of leading investors, have evinced interest to invest in a range of areas including financial technology to smart city development and property and energy to tourism in Cambodia. ...

Chea Vanyuth
https://www.khmertimeskh.com/501469668/sunwah-group-sees-investment-potential-in-cambodia/

China encouraged to invest more in Cambodia

Cambodia and China have agreed to enhance the China-Cambodia Free Trade Agreement’s implementation quality, with an expert suggesting the need to push harder for trade balance. ...

Mao Sreypich
https://kiripost.com/stories/china-encouraged-to-invest-more-in-cambodia

OVOP movement gathering strength in Cambodia

The Seventh National Day for the promotion of Khmer products will be celebrated today (April 9), under the theme ‘Sustainable Production and Supply to the Market – One Village, One Product Movement.’ ...

Manoj Mathew
https://www.khmertimeskh.com/501469672/ovop-movement-gathering-strength-in-cambodia/

Press release on the progress of digital policies and regulations in the digital sector in Cambodia

 On 4 November 2022, the Ministry of Post and Telecommunication of Cambodia (MPTC) released a public announcement on the Progress of Digital Policies and Regulations in the Digital Sector in Cambodia.To promote the digital sector’s development in Cambodia, the Royal Government has set out key ...

Ministry of Post and Telecommunication of Cambodia (MPTC)

Download: pdf

More than one million vehicles travelled on Chinese-invested expressway in Cambodia in 3 months

More than 1 million vehicles had travelled on Cambodia’s first-ever expressway in the first three months since its inauguration in October last year, according to data released by the freeway operator on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501212948/more-than-one-million-vehicles-travelled-on-chinese-invested-expressway-in-cambodia-in-3-months/

PPSP back in black in Q1’23 with $5.7m net profit

A surge in land sales has helped tycoon Kith Meng’s Phnom Penh SEZ Plc (PPSP) to return to the black, posting $5.7 million net profit in the first quarter ended March 31 (Q1’23) after suffering a $680,743 net loss a year ago. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-ppsp-back-in-black-in-q123-with-57m-net-profit

Viet Nam, Cambodia aim for $20billion in trade, boost cooperation in defence, transport

Prime Minister Phạm Minh Chính on Monday had talks in Hà Nội with Cambodian counterpart Samdech Hun Manet, who was on a two-day visit to Việt Nam, also his first to an ASEAN country. ...

Khmer Times Staff
https://www.khmertimeskh.com/501405428/viet-nam-cambodia-aim-for-20billion-in-trade-boost-cooperation-in-defence-transport/

Cambodian Economy Hurt by Land Evictions

Kratie province – Cambodia’s transformation from war-torn basket-case to one of Asia’s most promising emerging economies is being overshadowed by a backwards lurch in human rights and land policies that critics say are entrenching poverty. Next week’s visit by Barack Obama, the fist by a U.S. ...

http://www.cambodiadaily.com

Press​ release​ on​ the​ prioritization​ of​ road​ repair​ and​ construction,​ rainwater​ system​ amd​ sewage​ system​ in​ Preah Sihanouk​ province

On​ 04​ September​ 2019,​ the​ Ministry​ of​ Economy​ and​ Finance​ issued​ a​ press​ release​ on​ the​ outcome​ of​ the​ meeting​ between​ Economic​ and​ Financial​ Policy​ Committee​ (EFPC)​ and​ relevant​ ministries.​ The​ meeting​ outcomes​ are​ to​ (1)​ implement​ the​ work plan​ of​ restoring​ canal​ and​ existing​ ...

Ministry of Economy and Finance

Download: pdf

Press Release on the Official Signing Ceremony of the Petroleum Agreement for Offshore Oil Field Development in Block A

On 23 August 2017, the official signing ceremony of the Petroleum Agreement for Offshore Oil Field Development in Block A, Cambodia, was held between the Royal Government of Cambodia represented by H.E. ACADEMICIAN AUN PORNMONIROTH, Senior Minister, Minister of Economy and Finance and H.E. SUY ...

Ministry of Mines and Energy

Download: pdf

Modernisation in IT system increases GDT’s tax collection

Modernizing the tax system through automation has helped increase revenue and transparency in the Kingdom’s tax sector. The General Department of Taxation (GDT) said tax collection had increased by more than 28 per cent in the first 10 months of the year. ...

Thou Vireak
https://www.phnompenhpost.com/business/modernisation-it-system-increases-gdts-tax-collection

PPAP profit nears $9M in first nine months of 2019

Cambodia Securities Exchange- (CSX-) listed Phnom Penh Autonomous Port (PPAP) reported $8.97 million in net profit during the first nine months of this year – up 46.9 per cent from $5.98 million during the same period last year. ...

Hin Pisei
https://www.phnompenhpost.com/business/ppap-profit-nears-9m-first-nine-months-2019

US investors look into tourism opportunities in Cambodia

US investors are eyeing opportunities in Cambodia’s tourism sector, while the number of US visitors in the country remained low and is declining, said the Ministry of Tourism. Data from the Ministry of Tourism said US visitors who travelled to the Kingdom accounted for only 3.7 ...

Thou Vireak
https://www.phnompenhpost.com/business/us-investors-look-tourism-opportunities-cambodia

Government encourages investment in sustainable timber plantations

The government yesterday asked companies to consider investing in timber plantations in the Kingdom that produce sustainable wood, arguing that these investments help protect the country’s natural resources.​ ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50663340/government-encourages-investment-in-sustainable-timber-plantations/

Kingdom in talks with Russia for nuclear science

Cambodian and Russian experts yesterday concluded discussions on the possibility of constructing and establishing a Nuclear Science and Technology Centre in the Kingdom.​ The discussion, which was held in Siem Reap province over two days, took place at the 3rd meeting of a Cambodia-Russia joint ...

Taing Vida
https://www.khmertimeskh.com/50664303/kingdom-in-talks-with-russia-for-nuclear-science/

US praises growth in the Kingdom’s digital sector

US ambassador Patrick Murphy praised the growth of the Kingdom’s digital sector and expressed hope of expanding cooperation between the two countries in the sector. Cambodia has a high rate of mobile phone users. ...

Mech Dara
https://www.phnompenhpost.com/national/us-praises-growth-kingdoms-digital-sector

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