Australia finance NGOs, 49 major community projects
Australia has pledged A$7.9 million ($5 million) to support 26 Australian NGOs in collaboration with Cambodian counterparts, aiming to initiate 49 community projects across all provinces. Australian deputy ambassador Andreas Zurbrugg announced the commitment during the “Australia-Cambodia NGO Consultation 2023”, which saw participation from over 70 ...
Ry Sochan
https://phnompenhpost.com/national/australia-finance-ngos-49-major-community-projects
Electrical exports spark to $2.1B
Exports of electrical machinery, equipment and related products surpassed $2.1 billion in the first eight months of 2023, marking a near 100 per cent growth from the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://phnompenhpost.com/business/electrical-exports-spark-21b
Online biz registrations surging
The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging
Online biz registrations surging
The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging
Red corn prices climb slightly amidst harvest season in Battambang
Red corn prices in Battambang province during the ongoing 2023 harvest season have shown a slight increase compared to the corresponding period last year. However, weather conditions have marginally impacted the quality of red corn kernels this year. ...
South Korean exports jump 20%
Cambodia netted $164.7 million from exports to South Korea in the first seven months of 2023, an increase of 21.6 per cent compared to $135.5 million in the same period in 2022, according to the General Department of Customs and Excise of Cambodia (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/south-korean-exports-jump-20
PM and his spouse leave Phnom Penh to attend the “United Nations 78th General Assembly
Dr. Hun Manet, Prime Minister of the Kingdom of Cambodia, and his spouse Dr. Pech Chanmony, led a high-level delegation of the Royal Government of Cambodia to attend the “United Nations for the 78thGeneral Assembly” in New York, USA from September 21 to 25, 2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/501364301/pm-and-his-spouse-leave-phnom-penh-to-attend-the-united-nations-78th-general-assembly/
Banking loans rise 11% to $58b from January to June
Up to 238.7 trillion riel or $57.8 billion worth of loans were disbursed by banks and financial institutions in the first half of 2023, the National Bank of Cambodia (NBC) shared in an X post this morning, noting its increase of 10.5 percent year-on-year. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/banking-loans-rise-11-to-58b-from-january-to-june
Rice showcased at German expo
Hopes are high among the Cambodia Rice Federation (CRF) and leading industry players that the country’s fragrant and organic rice could expand its European market presence, following the Anuga Food Trade Fair 2023 in Cologne, Germany. ...
May Kunmakara
https://www.phnompenhpost.com/business/rice-showcased-german-expo
Exports to S Korea help reduce current trade deficit: pundit
Trade between Cambodia and South Korea reached nearly $504 million in the first eight months of 2023, marking an 8.4 per cent decline over the same period last year, according to the General Department of Customs and Excise (GDCE). Despite this, Cambodian exports surged by ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-s-korea-help-reduce-current-trade-deficit-pundit
Only $54M of SME Bank’s $150M tourism loans taken
Loans worth $54.2 million were approved by state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) for 350 businesses under the Tourism Recovery Co-Financing Scheme (TRCS) as of August 31, 2023. ...
Hin Pisei
https://phnompenhpost.com/business/only-54m-sme-banks-150m-tourism-loans-taken
Vietnam, Cambodia boost cooperation in culture, art
Vietnamese Deputy Minister of Culture, Sports and Tourism Hoang Dao Cuong and secretary of state and spokesman of Cambodia’s Ministry of Culture and Fine Arts Long Ponnasirivath signed a cultural and artistic cooperation programme for the 2023 – 2027 period at a meeting in Ho ...
Khmer Times Staff
https://www.khmertimeskh.com/501159301/vietnam-cambodia-boost-cooperation-in-culture-art/
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/
Press release: "Leading private equity fund manager in the region, EMIA, to invest in Amru Rice to bolster Cambodia’s status as a high-quality rice producer and exporter"
On 10 March 2023, Singapore-based private equity fund manager, Emerging Markets Investment Advisers, announced its first investment in Amru Rice, Cambodia’s largest certified organic rice producer and exporter, through its new fund, ASEAN Frontier Markets Fund (AFMF). ...
Amru Rice Cambodia Co., Ltd
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
Q1 milled rice exports soar to $126M on Europe sales uptick
Cambodia exported milled rice worth $126 million overseas in the first three months of 2023 – an increase of $20.9 million, or about 19.9 per cent, over the same period last year, according to data from the General Department of Customs and Excise of Cambodia ...
Van Socheata
https://www.phnompenhpost.com/national/q1-milled-rice-exports-soar-126m-europe-sales-uptick
Cambodia-China action plan expected to boost FTA benefits
The newly-signed Action Plan on Trade and Economic Cooperation 2023-2024 is expected to promote the utilisation of the preferential arrangements that are granted by free trade agreements (FTA) and similar regional treaties, to boost trade and investment between Cambodia and China. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-china-action-plan-expected-boost-fta-benefits
Rain, lightning and storm warning for Cambodia this week
Rains, accompanied by thunder, lightning and gusts, were forecast from May 31 to June 6, 2023, according to an announcement on new weather forecast released by the Ministry of Water Resources and Meteorology (MOWRAM) this morning. ...
Khmer Times Staff
https://www.khmertimeskh.com/501299538/rain-lightning-and-gusts-warned-this-week/
Press release on the decision to expel the Facebook representative from Cambodia and stop all activities
On 30 June 2023, the Ministry of Posts and Telecommunications issued a press release deciding to expel the Facebook representative from Cambodia and stop all activities such as company representation, communication with the Royal Government, and cooperation in the private sector in the Kingdom of ...
Ministry of Posts and Telecommunications
Cambodia’s H1 export of Chapter 94 items down 30%
Cambodia earned $369.643 million from the export of “furniture, lighting signs, prefabricated buildings” in the first half (H1) of 2023, down 29.67 per cent from $525.591 million in 2022H1 and down nearly 12.5 per cent from $422.67 million in 2022H2, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodias-h1-export-chapter-94-items-down-30