Local factories pump out $5.3B in products
Cambodian factories manufactured industrial products worth $5.3 billion during the first seven months of 2016, according to data released yesterday by the Ministry of Industry and Handicraft. ...
Post Staff
http://www.phnompenhpost.com/business/local-factories-pump-out-53b-products
Over 3.76B riel swapped in banknote exchange
The Central Bank announced on Monday that it exchanged 3.76 Billion of old and worn Khmer riel Banknotes (equivalent to $930,091) to new notes during its “Loving Riel Notes”, campaign which lasted five days during the Pchum Ben holiday. ...
Post Staff
http://www.phnompenhpost.com/business/over-376b-riel-swapped-banknote-exchange
Smooth trade to put $2B exports in reach
Cambodia could expand its foreign trade by up to 16 percent, adding approximately $2 billion worth of exports, by complying with a new international trade protocol that aims to slice through the red tape that slows and complicates cross-border trade. ...
Kali Kotoski
http://www.phnompenhpost.com/business/smooth-trade-put-2b-exports-reach
Tax department rakes in $1.2B in revenue
The General Department of Taxation (GDT) collected a whopping $1.19 billion in tax revenue during the first half of this year, an increase of 32 percent compared to the same period last year, led by a surge of value-added tax (VAT) and profit-tax revenue. ...
Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/tax-department-rakes-12b-revenue
Credit in Banking Sector Surpasses $4B in 2011
Loan disbursals in Cambodia’s banking sector increased by 33 percent to more than $4 billion last year, as credit to the housing market and agricultural sector saw the largest amount of growth, the National bank of Cambodia (NbC) said in its annual report, released yesterday. While ...
Trade Reached $11.17B In First Ten Months
Total trade in Cambodia reached $11.17 billion from January through October, an 18.1 percent increase compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Khon Savuth, chief of statistics at the ministry’s Camcontrol department said that the ...
Government to invest $4.4B in Public Sector
The government has approved more than $4 billion of investment in the public sector over the next three years in a bid to stimulate economic growth, the council of ministers said in a statement obtained yesterday. “The rolling plan will focus om four main sectors” ...
B Kak protesters ask women's minister to retract comments
Dozens of women and children from Phnom Penh’s Boeng Kak neighBorhood demonstrated in front of the Ministry of Woman’s Affairs yesterday to demand that the minister recant her claim that they had attacked police during a June 27 protest in which one of the women ...
Fight to save B’bang heritage finds new allies
When an old building formerly owned by the state was demolished on the outskirts of battambang City in February, for some, it was the last straw. The giant, freestanding colonial-era mansion with the round windows, the blue shutters and the cracking yellow paint had become one ...
Matt Blomberg and Sek Odom
http://www.cambodiadaily.com/news/fight-to-save-bbang-heritage-finds-new-allies-59105/
Permits given for $2b of projects this year
Figures from the Ministry of Land Management, Urban Planning and Construction show that more than $2 billion worth of Cambodian construction projects have been given the green light so far this year. ...
Hin Pisei
http://phnompenhpost.com/real-estate/permits-given-2b-projects-year
Int'l investments top $1.7b in 2014
Vietnamese businesses invested more than US$1.78 billion abroad last year, according to the Planning and Investment Ministry’s Foreign Investment Agency (FIA). Among them, Tanzania was the leading investment destination for Vietnamese investors, in terms of registered capital and accounted for 34 per cent of Viet ...
Viet Nam News Staff
http://vietnamnews.vn/economy/266508/intl-investments-top-17b-in-2014.html
Guns go up in flames after B’bang amnesty
Nearly 600 guns – most of them crude homemade rifles – were burned in battambang province on Monday after a campaign to encourage locals to hand their weapons over to the proper officials. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/guns-go-flames-after-bbang-amnesty
SEA firms to ship $2b of rubber to China
Cambodia’s Prominence Investment Enterprise and Thailand’s Panpee Group have signed an agreement to supply China’s Yunnan Rubber Co Ltd with 500,000 tonnes, or US$2 billion worth, of rubber per year, Sam Kay, general manager of the local partner, said yesterday. ...
Government collects $4.5B in revenue from tax, customs
A report from the General Department of Taxation (GDT) released on Wednesday showed that the department collected $2.183 billion in taxes, while Prime Minister Hun Sen on the same day announced that $2.384 billion in customs and excise duties was collected during the period. GDT ...
Thou Vireak
https://www.phnompenhpost.com/business/government-collects-45b-revenue-tax-customs
Cambodia, Japan bilateral trade reaches $1B in first half
Bilateral trade Between CamBodia and Japan reached more than $1 Billion in the first half of this year, up 16 per cent year-on-year, according to data from the Japan External Trade Organisation (Jetro). CamBodia’s exports to Japan in the first half of this year grew ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-japan-bilateral-trade-reaches-1b-first-half
ADB set to provide $1.45B to aid growth
The Asian Development Bank (ADB) has announced that it will provide $1.45 Billion to support a new five-year country partnership strategy (CPS) and help the Kingdom achieve its goal of Becoming an upper-middle-income country By 2030, it said on Friday. ...
Thou Vireak
https://www.phnompenhpost.com/business/adb-set-provide-145b-aid-growth
Mekong summit sees $66B worth of projects agreed to
Six countries pledged to enact $66 billion worth of projects over the next five years at the Greater Mekong Subregion (GMS) Summit in Hanoi on Saturday, with Cambodia-specific projects scheduled to receive the least amount of funding of any participant. ...
Robin Spiess
https://www.phnompenhpost.com/business/mekong-summit-sees-66b-worth-projects-agreed
First-ever FDI survey identifies $20B in capital inflow
Foreign direct investment (FDI) to Cambodia over a 20-year period – from 1994 to 2014 – is estimated to have reached $19.2 billion and was heavily weighed by inflows of capital from China, according to the first-ever comprehensive survey on FDI, released yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/first-ever-fdi-survey-identifies-20b-capital-inflow
RDB receives four bids for $10B paddy silo project
Four companies have responded to a government tender for a project to develop a mammoth rice storage and processing facility in BattamBang province, a Bank executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/rdb-receives-four-bids-10b-paddy-silo-project
Bridge to Be Built Over Flooded Road in B Meanchey
Amid flooding caused by heavy rain in Thailand, banteay Meanchey provincial officials have commissioned the construction of a steel bridge over an inundated section of road on the outskirts of Poipet City, officials said yesterday. Flooding in Preah Vihear province, which started last week following heavy ...