Implementation of new income, salary tax come into effect
All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, ...
Kang Sothear
https://www.khmertimeskh.com/501213229/implementation-of-new-income-salary-tax-come-into-effect/
Business credit guarantee plan remains in place
The finance ministry has authorised the extension of the Credit Guarantee Corporation of Cambodia Plc’s (CGCC) $200 million Business Recovery Guarantee Scheme (BRGS) beyond December 31, 2022, until all funds have been utilised, according to the CGCC. ...
May Kunmakara
https://www.phnompenhpost.com/business/business-credit-guarantee-plan-remains-place
Press statement: “The report exposes a double standard in the US practice,” stated the Foreign Ministry’s Spokesperson
On 23 March 2023, the Ministry of Foreign Affairs and International Cooperation has posted a press statement of the foreign Ministry’s spokesperson on the report exposes a double standard in the US practice on their official website. According to the press statement, the Foreign Ministry’s spokesperson ...
Ministry of Foreign Affairs and International Cooperation
PPSP’s profits decline in Q4 last year, but rise on annual basis
The consolidated net profits after tax of the Royal Group Phnom Penh Special Economic Zone (PPSP) of the conglomerate Royal Group of Companies have decreased 95.21 percent to about $0.18 million in the last quarter of 2022 compared to over $3.82 million in the same ...
Kang Sothear
https://www.khmertimeskh.com/501240205/ppsps-profits-decline-in-q4-last-year-but-rise-on-annual-basis/
Int’l tourism receipts rocket nearly eightfold to over $1.4B
International tourism receipts clocked in at $1.415 billion last year, marking a 7.690-fold increase over $184 million in 2021, albeit still a 71.2 per cent decrease from 2019’s record $4.919 billion, according to the Ministry of Tourism’s Tourism Indicators 2022 report. ...
https://www.phnompenhpost.com/business/intl-tourism-receipts-rocket-nearly-eightfold-over-14b
Angkor Park revenue surges by ‘300%’ in 2023
Over 600,000 international tourists purchased tickets to the Angkor Archaeological Park in the first 10 months of 2023, boosting revenue for Angkor Enterprise – a state body tasked with overseeing ticket sales – to nearly $28 million. This represents a staggering increase of over 300% ...
Hin Pisei
https://www.phnompenhpost.com/business/angkor-park-revenue-surges-300-2023
Cambodia’s national budget revenue reached about $4.9 billion in the first 10 months of 2023, down 2%
In the first 10 months of 2023, the national revenue collection reached 20,160 billion riels (approximately $4.9 billion), equivalent to 74.95% of the 2023 financial law, and decreased by 2.02% compared to the same period in 2022. This is according to the report from the ...
Khmer Times Staff
https://www.khmertimeskh.com/501403520/cambodias-national-budget-revenue-reached-about-4-9-billion-in-the-first-10-months-of-2023-down-2/
World Bank approves $275 million for Cambodia’s growth
World Bank has approved $275 million for Cambodia’s growth. This is the second tranche to boost the country’s economy after the Covid-19 pandemic. The first tranche was in 2022, when the World Bank approved $274 million for Cambodia’s Growth and Resilience Development Policy Financing. ...
Rachel David
https://www.khmertimeskh.com/501510871/world-bank-approves-275-million-for-cambodias-growth/
CHRAC and ADHOC to organize national workshop to build a common understanding and uphold the right to association in Cambodia
On 20 July 2022, Cambodian Human Rights Action Committee issued an immediate release on CHRAC and ADHOC to organize national workshop to build a common understanding and uphold the right to association in Cambodia.A National Workshop on the Right to Association and Law on Associations ...
Cambodian Human Rights Action Committee
Consultation Workshop on Fisheries Conservation Areas
![](https://opendevelopmentcambodia.net/wp-content/uploads/2022/05/14.-DSC04447-1-1-150x150.jpg)
By 2022, there are 447 community fisheries across the country, and 46 community fisheries are located in the coastal areas. There are 5 registered communities located in Kep while 7 out of 10 communities in Kampot have been registered. In Preah Sihanouk, 13 out of ...
Ministry cements MoU with eleven social work NGOs
The Ministry of Social Affairs, Veterans and Youth Rehabilitation on Friday signed a memorandum of understanding (MoU) with 11 organisations involving $12.7 million in funding to improve the social affairs, social welfare, child welfare, anti-trafficking and disability work in Cambodia. Ministry spokesman Touch Channy said ...
Voun Dara
https://www.phnompenhpost.com/national/ministry-cements-mou-eleven-social-work-ngos
USAID One window for citizen project launches civic tech tools connecting citizens to information on one window services
Today, USAID launched telephone and social media tools that will provide Cambodian citizens clear, transparent information on public services available to them through the Royal Cambodian Government’s One Window Service Offices (OWSO). The tools were developed by the USAID funded One Window for Citizens (OW4C) ...
USAID
Financial leniency urged for buyers of boreys, condos
The government on March 22 issued a plea to developers of borey gated-communities and condominiums in Cambodia to ease some of the financial pressure facing customers to pay monthly installments until the end of March 2022, in light of the Covid-19 pandemic. ...
Hin Pisei
https://www.phnompenhpost.com/business/financial-leniency-urged-buyers-boreys-condos
Prime Minister Hun Sen expresses his optimism for recovery in the near future
Prime Minister Hun Sen says the government has set the stage for the recovery of Cambodia’s economy and a return to a “new normal” before the end of this year, following the successful double-vaccination of more than 85 percent of the population. He said the ...
Michael Firn
https://www.khmertimeskh.com/50958751/prime-minister-hun-sen-expresses-his-optimism-for-recovery-in-the-near-future/
Entry the Regional Comprehensive Economic Partnership Agreement (RCEP)
On 22 December 2021, the Ministry of Commerce issued a press release on the entry the Regional Comprehensive Economic Partnership Agreement (RCEP).The RCEP Agreement is an ASEAN initiative and has been announced to begin negotiations in 2022 in Phnom Penh, the capital of the Kingdom ...
Ministry of Commerce
Positive notification on one case of COVID-19 (Omicron) in the community
On 08 January 2022, the Ministry of Health issued a positive notification on one case of COVID-19 (Omicron) in the community.Recently, the Ministry found a positive case of a new COVID-19 (Omicron), and this case is a community infection case. ...
Ministry of Health
Instruction on continuing to prevent the COVID-19 transmission especially the Omicron variant
On 08 February 2022, the Ministry of Health has released an instruction on continuing to prevent the COVID-19 transmission especially the Omicron variant on their official Facebook site. The instruction is made following the concerning surge in daily Omicron positive cases in the kingdom. The Royal ...
Ministry of Health
Ministry of Economy announces $100 million funding increase for SME Bank and Rural Development Bank for Agriculture
The Ministry of Economy and Finance will announce the announcement of additional funding of $100 million for the Cambodian Small and Medium Enterprise Bank and the Agricultural Rural Development Bank to provide additional support to SMEs, agriculture and agriculture. Industry according to the press release ...
Khmer Times Staff
https://www.khmertimeskh.com/501023375/ministry-of-economy-announces-100-million-funding-increase-for-sme-bank-and-rural-development-bank-for-agriculture/
GDT collects over half a billion dollars in tax revenue from Jan-Feb
The General Department of Taxation (GDT) collected 2.07466 trillion riel, or $512.26 million, in taxes in the first two months of 2022, surging by 22.69 per cent over the same period last year, according to its director-general Kong Vibol on March 14. ...
Hom Phanet
https://www.phnompenhpost.com/business/gdt-collects-over-half-billion-dollars-tax-revenue-jan-feb