ADB funds $361.4m for six projects in Cambodia
Six projects worth $361.4 million have been signed in order to boost science, technology, engineering, and mathematics (STEm) education, and other sectors in Cambodia. ...
Mao Sreypich
https://kiripost.com/stories/adb-funds-3614m-for-six-projects-in-cambodia
$50M ADB support for Kingdom’s energy transition plan
Extending valuable support to the Cambodian government’s energy transition plan to enhance renewable energy output and raise energy efficiency while shifting away from fossil fuels, the Asian Development Bank (ADB) on Thursday announced a $50 million policy-based loan package with $23 million in project investments ...
Prakash Jha
https://www.khmertimeskh.com/501203524/50m-adb-support-for-kingdoms-energy-transition-plan/
CDC greenlights 17 projects worth over $140M in Aug as investments diversify
The Council for the Development of Cambodia (CDC) has approved five new projects in solar panel manufacturing, healthcare, tourism, mining, and textiles, with total investment of more than $82 million that are expected to create nearly 2,000 jobs. ...
$1.5M shared to suspended workers
From April 1 to September 5 of 2023, the government allocated almost $1.5 million in cash transfers to nearly 35,000 factory workers whose contracts were suspended. many of the suspended workers have returned to work. ...
Long Kimmarita
https://www.phnompenhpost.com/national/15m-shared-suspended-workers
FDI in Cambodia’s construction sector touches $334M
Cambodia continued to receive substantial Foreign Direct Investment in the construction sector in 2021, despite the economic slowdown in the wake of Covid-19, showed the Asean Investment Report 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501174759/fdi-in-cambodias-construction-sector-touches-334m/
CBC keeps credit data of over 7M customers
Independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) now maintains the credit data of more than seven million customers in its core system, 10 years after its establishment, according to its chairwoman Chea Serey. ...
May Kunmakara
https://www.phnompenhpost.com/business/cbc-keeps-credit-data-over-7m-customers
GDT’s tax collection target for 2023 up by $750M
The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, minister attached to the Prime minister and Delegate of the Royal Government in ...
Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/
$40m plan to protect Asian elephants
The Ministry of EnvironMent estiMates that it will need $40.5 Million to care for the country’s Asian elephants over the next 10 years. ...
Torn Vibol
https://www.khmertimeskh.com/501192065/40m-plan-to-protect-asian-elephants/
$20.91m in VAT collected in three months
Cambodia’s General Department of Taxation (GDT) collected $20.91 million in value-added tax (VAT) on e-commerce transactions in the first quarter of 2023. ...
Seng Mengheng
https://kiripost.com/stories/2091m-in-vat-collected-in-three-months
Loan accounts reach 1.54M at end-2022: CBC
The total number of loan accounts reached 1.54 million nationwide in December, rising by 3.45 per cent “from the previous quarter”, according to the latest report from Credit Bureau (Cambodia) Co Ltd (CBC). ...
May Kunmakara
https://www.phnompenhpost.com/business/loan-accounts-reach-154m-end-2022-cbc
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
ThaiQR accessible at 1.5m Cambodian retailers
Thai tourists visiting Cambodia can now pay for goods easier after a bilateral agreement between the two countries was reached for cross-border QR payments. ...
Yatt Malai
https://kiripost.com/stories/thaiqr-accessible-at-150m-cambodian-retailers
CGCC gave $92m business loans in 2022
CGCC dished out more than $92 million in 985 business loans in 2022, providing a financial lifeline to companies battling against the impact of Covid-19 and global inflation. ...
Mao Sreypich
https://kiripost.com/stories/cambodia-cgcc-gave-92m-business-loans-in-2022
$4m pumped into improving nutrition in schools
The Ministry of Education, Youth and Sport (MoEYS) has pledged to spend $4 Million this year to provide food to school children by using coMMunity-based agricultural products to proMote nutrition and education in areas of high poverty and vulnerability. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-4m-pumped-into-improving-nutrition-in-schools
Cambodian agri exports rise 7.8% to 8.6M tonnes
Cambodia formally exported 8.6 million tonnes of agricultural products to 74 markets last year worth nearly $5 billion, up 7.8 per cent from the 7.9 million tonnes booked in 2021, as agriculture contributed 22.2 per cent of the Kingdom’s 2022 gross domestic product (GDP), according ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodian-agri-exports-rise-78-86m-tonnes
Int’l airports welcome 2.48M passengers in H1
The international airports in Phnom Penh, Siem Reap, and Sihanoukville welcomed a combined 2.48 million passengers in the first half of this year, a staggering 270 percent increase over the same period in 2022, a senior official at the State Secretariat of Civil Aviation said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501321302/intl-airports-welcome-2-48m-passengers-in-h1/
H1 vehicle imports slow down by 20% on-year to $457M
Cambodia imported a total of $456.673 million worth of “rot’yon” -class automotive motor vehicles in the first half of 2023, down 19.90 per cent year-on-year from $570.099 million, according to the ministry of Commerce. ...
Hin Pisei
https://www.phnompenhpost.com/business/h1-vehicle-imports-slow-down-20-year-457m
Red corn production soars to 1.7M tonnes, MAFF says
The red corn production in 2024 increased to nearly 1.7 million tonnes compared to 1.5 million tonnes last year, reported the ministry of Agriculture, Forestry and Fisheries (mAFF) yesterday. ...
Mom Kunthear
https://www.khmertimeskh.com/501505078/red-corn-production-soars-to-1-7m-tonnes-maff-says/
ADB approves $93.6M financing to support‘WASH’ services in 400 Cambodian villages
The Asian Development Bank (ADB) approved $93.6 million in loans and grants to improve and expand climate-resilient and inclusive rural water supply, sanitation, and hygiene (WASH) facilities for 88,000 households in 400 villages in 50 communes across nine provinces in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501551878/adb-approves-93-6m-financing-to-supportwash-services-in-400-cambodian-villages/
Bicycle export earns $278M in first eight months
Cambodia exported $278 million worth of bicycles including electric bicycles in the first eight months of this year, a 30 percent decrease year-on-year compared to the same period last year, a report by the General Department of Customs and Excise showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501570205/bicycle-export-earns-278m-in-first-eight-months/