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
E-commerce tax revenue surges through October
Cambodia garnered $62.8 million in e-commerce value-added tax (VAT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the ...
May Kunmakara
https://www.phnompenhpost.com/business/e-commerce-tax-revenue-surges-through-oct
Rare birds’ nests up at Mondulkiri sanctuary
In a promising sign for conservationists, the Bird Nest Protection Project by the Wildlife Conservation Society (WCS) Cambodia has dramatically boosted the numbers of rare bird nests at Keo Seima Wildlife Sanctuary in Mondulkiri province, hopping from 11 nests in 2018 to an impressive 41 ...
Chea Sokny
https://www.phnompenhpost.com/national/rare-birds-nests-up-at-mondulkiri-sanctuary
Cambodia’s export to other RCEP members sharply up in 10 months
Cambodia exported $6.45 billion worth of products to the Regional Comprehensive Economic Partnership (RCEP) member countries in the first 10 months of 2023, up 26.5 percent from the same period last year, said a Ministry of Commerce’s report on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501402629/cambodias-export-to-other-rcep-members-sharply-up-in-10-months/
CDC approves nearly 400 investment projects worth over $7.5 billion in one year
From September 2023 to August 2024, in the first year of the 7th-mandate the Royal Government of Cambodia, the Council for Development of Cambodia (CDC) granted licences to 391 new investment projects and production expansion projects with a combined capital of over $7.5 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501549890/cdc-approves-nearly-400-investment-projects-worth-over-7-5-billion-in-one-year/
Cambodia, Indonesia trade to exceed $1.1 billion
Amid the rising economic cooperation between Cambodia and Indonesia, the bilateral trade volume in 2023 has increased by 15 percent while in the first six months of this year, it reached nearly $580 million, making it possible to surpass $1.1 billion by the end of ...
Nhean Chamrong
https://www.khmertimeskh.com/501559729/cambodia-indonesia-trade-to-exceed-1-1-billion/
Royal Government plans to spend about $36 million to train young people from poor families
In 2024, the Royal Government of Cambodia planned to spend about $36 million on vocational training for young people from poor and vulnerable families across the country. This is according to the draft of the 2024 national budget, which was released by the Ministry of ...
Khmer Times Staff
https://www.khmertimeskh.com/501383846/royal-government-plans-to-spend-about-36-million-to-train-young-people-from-poor-families/
The 38th meeting of the ASEAN Intergovernmental Commission on Human Rights (AICHR)
The ASEAN Intergovernmental Commission on Human Rights (AICHR) held its 38th Meeting chaired by Yong Chanthalangsy, representative of the Lao People’s Democratic Republic and Chairman of AICHA 2024 on 20-23 February 2024 in Vientiane, Lao People’s Democratic Republic. ...
Khmer Times Staff
https://www.khmertimeskh.com/501445333/the-38th-meeting-of-the-asean-intergovernmental-commission-on-human-rights-aichr/
Mexico’s trade balance in Kingdom is likely to reach $400M this year
Mexico has trade deposits in all ASEAN countries and its trade balance with Cambodia, in particular, is likely to touch $400 million by the end of 2024. This was made possible through the huge trade surplus between Mexico and the United States, reaching over $150 ...
Nhean Chamrong
https://www.khmertimeskh.com/501453541/mexicos-trade-balance-in-kingdom-is-likely-to-reach-400m-this-year/
Siem Reap receives more than 110,000 tourists during the Chinese-Vietnamese New Year
Tourists and people of Siem Reap Province visit various resorts in Siem Reap Province during the Chinese-Vietnamese New Year from February 9–11, 2024, for a total of 117,677 people, an increase of 11.56% compared to 2023, about 105,481 people. ...
Khmer Times Staff
https://www.khmertimeskh.com/501438425/siem-reap-receives-more-than-110000-tourists-during-the-chinese-vietnamese-new-year/
Announcement no. 1020 on adding price tags to all products and services
In line with the guidance of Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, during the morning of March 16, 2023, he suggested “Ministry of Commerce and Ministry of Tourism should work together to ensure price tags are ...
Ministry of Commerce