The Ministry of Economy and Finance (MEF) recently decided to shrink the tax burden for local microfinance institutions (MFIs) by lowering withholding tax on interest from loans acquired from abroad from 14 to 10 percent, a move that the government claims will keep the massive <a href='https://opendevelopmentcambodia.net/news/government-reduces-tax-load-on-mfis-receiving-money-from-abroad/ ' class='cambodia-color'>...a>

A new sub-decree to Allow the CAmbodiA ChAmber of Commerce to represent the business sector overseAs, will come into force next yeAr After Prime Minister Hun Sen signs the drAft into lAw soon, According to A Commerce Ministry officiAl. Soeng SophAry, the ministry’s spokesperson, sAid the <A href='https://opendevelopmentcAmbodiA.net/news/chAmber-of-commerce-expAnds/ ' clAss='cAmbodiA-color'>...A>

No ground was broken in May on the New Siem Reap International airport (NSRIa), a US$1 billion Korean investment, and officials say no definite date has been set for work on the project as the developer looks for new partners. NSRIa Co Ltd, an equal joint <a href='https://opendevelopmentcambodia.net/news/siem-reaps-us1bn-airport-delayed/ ' class='cambodia-color'>...a>

Cambodia’s agricultural exports surpassed 6.2 million tonnes during the first ten months of the year, amounting to more than $3.5 billion across 74 countries, according to the Ministry of agriculture, Forestry and Fisheries. <a href='https://opendevelopmentcambodia.net/news/record-farming-exports-seen-for-2023/ ' class='cambodia-color'>...a>

The French textile and garment association (Evalliance) has entered into an agreement with the Garment Manufacturers association of Cambodia (GMaC) to promote the Cambodian textile and garment industry. <a href='https://opendevelopmentcambodia.net/news/evalliance-gmac-sign-mou-to-support-cambodian-garments/ ' class='cambodia-color'>...a>

Prime Minister Hun Sen yesterday announced that the government plans to extend the retirement age for teachers by five years to 65-years-old in order to maintain stability in the number of teachers. <a href='https://opendevelopmentcambodia.net/news/teacher-retirement-age-and-salaries-bumped-up/ ' class='cambodia-color'>...a>

In an agreement signed at the Embassy of Japan in Phnom Penh on Tuesday, Shanti Volunteer association (SVa) received a $529,068 grant from from the Japanese government to carry out its projects aimed at improving early childhood education in Battambang. In a press release, the <a href='https://opendevelopmentcambodia.net/news/japan-donates-500k-for-bbang-education/ ' class='cambodia-color'>...a>

Prime Minister Hun Sen has issued a directive for the ministries of Public Function and Finance to cooperate with state institutions to ensure that civil servants are paid by the fourth week of every month. The directive, signed by Mr. Hun Sen and dated January 29, <a href='https://opendevelopmentcambodia.net/news/hun-sen-issues-directive-for-payment-of-civil-servant-salaries/ ' class='cambodia-color'>...a>

The representative of the Cambodia Food Manufacture association (CFMa) has requested a reduction in government red tape especially for the small and medium enterprises. <a href='https://opendevelopmentcambodia.net/news/sme-chief-complains-of-excessive-red-tape/ ' class='cambodia-color'>...a>

The Kampot Pepper Promotion association exported 60 tonnes of Kampot pepper during the first nine months of 2017 and aims to reach 80 tonnes by the end of the year. <a href='https://opendevelopmentcambodia.net/news/high-times-for-kampot-pepper/ ' class='cambodia-color'>...a>

The new US ambassador to Cambodia, William a. Heidt, says the US is currently looking at how much it can contribute to the Khmer Rouge tribunal. <a href='https://opendevelopmentcambodia.net/news/us-seeks-to-continue-funding-for-khmer-rouge-tribunal-ambassador-says/ ' class='cambodia-color'>...a>

Trade between Vietnam and Cambodia exceeded US$1.9 billion (Bt60 billion) in the first seven months of this year, the High Quality Vietnamese Goods Business association said yesterday The news conference coincided with Thursday’s opening of a five-day trade fair promoting high-quality Vietnamese goods and the association’s <a href='https://opendevelopmentcambodia.net/news/cambodia-vietnam-trade-nears-2-bn/ ' class='cambodia-color'>...a>

The Ministry of Labor passed all responsibility for foreign work permits today to E-Solutions (Cambodia) Co., leaving a multitude of unanswered questions about the private company that will process, produce and distribute the permits online. Ministry spokesman Heng Sour declined to answer questions about the company, <a href='https://opendevelopmentcambodia.net/news/private-firm-takes-over-responsibility-for-work-permits/ ' class='cambodia-color'>...a>

The Government already issued a Decision to require the employers to increase the minimum wage for the factory workers to USD 100 per month, starting from February 2014, said a government official. Vong Savann, a senior official of the Labor Ministry added that the Decision was <a href='https://opendevelopmentcambodia.net/news/garment-workers-to-receive-usd-100-per-month-from-february/ ' class='cambodia-color'>...a>

Prime Minister Hun Sen yesterday called for the closure of a Christian anti-trafficking NGO during a heated tirade at a graduation ceremony, condemning them and CNN for broadcasting an “insulting” story about girls who were sold into sexual slavery by their own mothers. <a href='https://opendevelopmentcambodia.net/news/hun-sen-calls-for-closure-of-anti-trafficking-group-after-cnn-report/ ' class='cambodia-color'>...a>

A CAmbodiAn scholAr on SAturdAy cAlled for efforts to enhAnce the role of the AssociAtion of SoutheAst AsiAn NAtions (ASEAN) in promoting mutuAl trust And mAritime security in the AsiA PAcific. A more relevAnt And coherent multilAterAl structure could help Address old And new security chAllenges, <A href='https://opendevelopmentcAmbodiA.net/news/cAmbodiA-scholAr-cAlls-for-boosting-mutuAl-trust-mAritime-security-in-AsiA-pAcific/ ' clAss='cAmbodiA-color'>...A>

Caffe Bene, South Korea’s second-largest coffee chain, on Tuesday announced plans to open in Cambodia, according to a Korean media report. But while its entrance adds one more competitor to the more than half-a-dozen coffee chains already in the country, local franchises said the market is <a href='https://opendevelopmentcambodia.net/news/new-cafe-to-enter-growing-cambodian-market/ ' class='cambodia-color'>...a>

Cambodia’s budget process was slightly more transparent last year than in previous years, according to a new report, though scant information is provided to the public over the course of the budget process, with few opportunities for public engagement and limited oversight in its creation. <a href='https://opendevelopmentcambodia.net/news/cambodias-budget-process-slightly-more-transparent-but-issues-remain-report/ ' class='cambodia-color'>...a>

Officials have released a public statement warning against a rise in unlicensed lenders they say are dangerously operating outside of Cambodian regulations and threatening financial stability. In a joint declaration from the Ministry of Economy and Finance and the National Bank of Cambodia on Monday, authorities <a href='https://opendevelopmentcambodia.net/news/unlicensed-lenders-called-out/ ' class='cambodia-color'>...a>

The Cambodian government has begun a series of reforms intended to strengthen economic independence and promote business in the Kingdom, as they prepare for the possible loss of preferential trade access to the EU and US in the coming months. Prime Minister Hun Sen on <a href='https://opendevelopmentcambodia.net/news/kamsab-removed-from-ports-as-kingdom-braces-for-loss-of-preferential-trade-access/ ' class='cambodia-color'>...a>