Tourist arrivals in first half rise
Cambodia welcomed around 2.3 million people for the first half of this year, up 4.6 per cent compared to the same period last year, amid concerns from the tourism minister that the Kingdom may not reach its target of 5 million arrivals for 2015. ...
Sor Chandara
http://www.phnompenhpost.com/business/tourist-arrivals-first-half-rise
Cambodia set to receive Australia-donated COVID-19 vaccines this weekend
Cambodia is going to receive about 2.3 million doses of Pfizer COVID-19 vaccine, a donation of Australia, this weekend. ...
Khmer Times Staff
https://www.khmertimeskh.com/50992312/cambodia-set-to-receive-australia-donated-covid-19-vaccines-this-weekend/
Phnom Penh-Sihanoukville Expressway opens to public on one-month trial
The $2-billion-worth Phnom Penh-Sihanoukville Expressway will be put on trial use for the whole month of October. ...
Khmer Times Staff
https://www.khmertimeskh.com/501158467/phnom-penh-sihanoukville-expressway-opens-to-public-on-one-month-trial/
Cambodia collects $3.26 billion in tax revenue in H1, up 22 percent
Cambodia collected $3.26 billion from all sources of taxes in the first half of 2022, up 22 percent from 2.67 billion dollars over the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116922/cambodia-collects-3-26-billion-in-tax-revenue-in-h1-up-22-percent/
Buses need to be more accessible for people with disabilities
Public buses should be accessible, safe, and comfortable for people with disabilities, a recent assessment showed. ...
Yatt Malai
https://kiripost.com/stories/cambodia-buses-need-to-be-more-accessible-for-people-with-disabilities
Three more investment projects worth over $16 million approved
The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of $16.2 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501258971/three-more-investment-projects-worth-over-16-million-approved/
Exports to US soar in H1
Cambodia’s shipments to the world’s largest market grew by 30 percent from January to June, the data show. $2.24 billion worth of Cambodian goods were purchased by the US. ...
Chea Vannak
https://www.khmertimeskh.com/50630230/exports-to-us-soar-in-h1/
Tax collection goes up by 21.6 percent
The government’s tax revenue collection rose to about 21.6 percent in the first five months of this year, compared with the same period last year, with some $708.2 million filling state coffers, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...
Sok Chan
http://www.khmertimeskh.com/news/26024/tax-collection-goes-up-by-21-6-percent/
Emerald back on ASX after turning to gold
Emerald Resources NL, an Australian mining firm with interests in Cambodia, will relist on the Australian Securities Exchange (ASX) on Tuesday following the company’s compliance with chapters 1 and 2 of the exchange’s listing rules and rule 11.1.3, the company said in a filing yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/emerald-back-asx-after-turning-gold
Siem Reap feels pinch of tourism downturn
Foreign tourist arrivals in Siem Reap fell 11.2 per cent during the first nine months of the year compared to the same period one year earlier, as the Kingdom’s top tourist gateway sees its most significant slowdown in visitor arrivals in decades, new government data ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/siem-reap-feels-pinch-tourism-downturn
Disney buys up carbon credits in Mondulkiri
The Walt Disney Company has purchased $2.6 million in carbon credits in the forests of Mondulkuri province – marking the largest carbon credit sale to date in Cambodia and breathing life into a carbon-trading program many had written off as all but dead. ...
Phak Seangly and Kali Kotoski
http://www.phnompenhpost.com/national/disney-buys-carbon-credits-mondulkiri
Council starts rejecting CNRP voter complaints
The Constitutional Council of Cambodia on Monday rejected the CNRP’s complaints against the first 76 of 2,441 people the opposition party says were unlawfully registered to vote last year, arguing, like the National Election Committee, that the opposition party lacked evidence to back up its ...
Khuon Narim
https://www.cambodiadaily.com/news/council-starts-rejecting-cnrp-voter-complaints-124317/
Moody’s maintains sovereign debt rating
Global credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position. ...
Hor Kimsay
http://www.phnompenhpost.com/business/moodys-maintains-sovereign-debt-rating
Report shows need for Cambodia to diversify exports
Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...
Kali Kotoski
http://www.phnompenhpost.com/business/report-shows-need-cambodia-diversify-exports
For the 'unbanked', mobile money still has some way to go
Globally, an estimated 2.5 billion people don’t have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the ‘unbanked’ to store cash, manage their accounts, make purchases and send and receive money – part of ...
WHBL News Staff
http://whbl.com/news/articles/2015/mar/05/for-the-unbanked-mobile-money-still-has-some-way-to-go/
Anti-trafficking status static
For the third straight year in a row, Cambodia has found itself on the Tier 2 Watch List of the US State Department’s annual Trafficking in Persons Report, a ranking reflective of a seeming inability to fully implement the country’s own anti-trafficking plan. ...
Stuart White
http://www.phnompenhpost.com/national/anti-trafficking-status-static
Government Expects 14.5 Percent Rise in State Revenue
The government plans to raise $3.51 billion in state revenue in 2014 in order to finance a $3.4 billion draft budget, an increase of about 14.5 percent compared to the previous year, when the government raised $2.98 billion in revenue, according to a draft of ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-expects-14-5-percent-rise-in-state-revenue-46807/
Cambodia to feel an energy crunch, but growth to remain stable: report
Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/cambodia-feel-energy-crunch-growth-remain-stable-report
Corn sales fall, profits sought in cassava
Revenues from Cambodian corn exports fell by 52 per cent last year as farmers scrapped the crop for the more lucrative, but less stable, cassava plant. The Kingdom exported 35,381 tonnes of corn, worth US$2.2 million, in 2011, down from 86,533 tonnes worth $4.57 million the ...
National Census Identifies Half-Million Businesses
Cambodia has a total of 505,134 businesses supported by a workforce of 1,676,263, just 11.56 percent of the total population, according to a nationwide economic census released yesterday by the Ministry of Planning. Of the total number of people employed in the country, 1,026,084, or 61.2 ...
Hul Reaksmey and Philip Heijmans, P.1