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Tax policy touch-ups for projects of financing deals

The General Department of Taxation (GDT) on January 31 instructed relevant ministries, institutions and taxpayers to sort out tax obligations concerning projects under memorandums of understanding (MoU) as well as grant and loan agreements, as per applicable laws, and submit records of potential tax implications ...

Nov Sivutha
https://www.phnompenhpost.com/business/tax-policy-touch-ups-projects-financing-deals

Projects to improve sub-national mediation, judicial services

The Ministry of Justice is set to sign memorandums of understanding (MoU) with Oxfam Cambodia and the Women Peace Makers on projects that would strengthen its mechanisms and implement sub-national mediation to reduce a backlog of court cases and improve access to judicial services. ...

Ry Sochan
https://www.phnompenhpost.com/national/projects-improve-sub-national-mediation-judicial-services

Cambodia, Vietnam strengthen banking cooperation

The National Bank of Cambodia (NBC) and the State Bank of Vietnam (SBV) have agreed to strengthen bilateral cooperation through exchange of experience on economy and banking system. ...

Khmer Times Staff
https://www.khmertimeskh.com/501207675/cambodia-vietnam-strengthen-banking-cooperation/

Tax revenue of $2.3b meets nearly 65% of GDT target

The continuous reform of tax procedures and understanding taxpayers have helped the tax revenue increase steadily, industry observers say. ...

Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-23b-meets-nearly-65-gdt-target

Follow NBC official exchange rate, taxpayers told

The General Department of Tax (GDT) of the Ministry of Economy and Finance has asked tax payers to follow the official exchange rate issued by National Bank of Cambodia (NBC), in a move to strengthen tax collection efficiency. ...

Khmer Times Staff
https://www.khmertimeskh.com/501177006/follow-nbc-official-exchange-rate-taxpayers-told/

MoU signed for India-Cambodia cross-border payments

The National Bank of Cambodia (NBC) and NPCI International Payments Limited (NIPL) have signed a Memorandum of Understanding (MOU) to promote cross-border payments and remittances between Cambodia and India. ...

Meas Molika
https://kiripost.com/stories/mou-signed-for-india-cambodia-cross-border-payments

Cambodia’s rubber exports earn more than $200 million, up nearly 40%

Cambodia earned more than $200 million from the export of rubber and rubber products, an increase of more than 38 percent compared to the same period in 2022, reaching just over $149 million. This is according to the four-months report of 2023 of the General ...

Khmer Times Staff
https://www.khmertimeskh.com/501293951/cambodias-rubber-exports-earn-more-than-200-million-up-nearly-40/

BFIs code of conduct fully implemented

After its rollout about a year ago, Cambodian banks and financial institutionals (BFIs) and members of the Cambodian Association of Finance and Technology (CAFT) have finally fully implemented the code of conduct and lending guidelines. ...

Kiripost staff writers
https://kiripost.com/stories/cambodia-bfis-code-of-conduct-fully-implemented

Philippines to boost labour, social security co-op

Cambodia and the Philippines have expressed their commitment to further strengthening cooperation to enhance labour rights and social security for the benefit of the people of both nations, as part of their partnership as ASEAN member states. ...

Post Staff
https://www.phnompenhpost.com/national/philippines-boost-labour-social-security-co-op

BAKC launches nationwide legal training for local authorities

Local authorities from the district to village levels throughout the country will receive training from the Bar Association of the Kingdom of Cambodia (BAKC) to increase legal awareness on topics ranging from birth, marriage and death certificates to criminal and civil procedures. ...

Niem Chheng
https://www.phnompenhpost.com/national/bakc-launches-nationwide-legal-training-for-local-authorities

Cambodia charts 1.8b digital payments, valued at $492b in 2023

Some 1.8 billion Khmer riel and US dollar digital transactions valued at $492 billion were recorded in 2023, which rose over 600 million from 1.1 billion transactions in 2022, the National Bank of Cambodia (NBC) said on March 29. This significant increase, an economist opined, ...

Meas Molika
https://kiripost.com/stories/cambodia-charts-18b-digital-payments-valued-at-492b-in-2023

Gov’t peruses documents for receiving Japanese aid

The Ministry of Foreign Affairs and International Cooperation (MFAIC) held talks with a delegation from the Embassy of Japan (EoJ) aimed at exchanging views and methods to accelerate banking document procedures in receiving Japanese grant aid for development projects in the Kingdom. ...

Nhean Chamrong
https://www.khmertimeskh.com/501442506/govt-peruses-documents-for-receiving-japanese-aid/

Spending on Defense and Security up 17% in 2014

The country’s draft $3.4 billion national budget for 2014 proposes yet another $920 million in new debt to make ends meet, the same amount taken on this year, according to a copy of the spending bill obtained Thursday. The draft budget calls for nearly $400 million—or ...

Kuch Naren and Zsombor Peter
http://www.cambodiadaily.com/news/spending-on-defense-and-security-up-17-in-2014-46747/

Trade fair scrapped over Covid-19 fears

The Ministry of Commerce on November 19 cancelled the 15th edition of the Cambodia Import-Export Goods Exhibition due to Covid-19 concerns. Originally scheduled to be held from December 15-18 at the Koh Pich Convention and Exhibition Centre on Phnom Penh’s Koh Pich island, the Kingdom’s ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-fair-scrapped-over-covid-19-fears

Ministry studies how best to boost exports under China deal

At its Friday meeting on the study and formulAtion on the good use of trade agreements in promoting exports, the Ministry of Commerce announced research is currently under way on products to be imported and exported under the Cambodia China Free Trade Agreement (CC-FTA). One ...

Jason Boken
https://www.khmertimeskh.com/50804912/ministry-studies-how-best-to-boost-exports-under-china-deal/

Draft law sets legal drinking age at 21, highest in region

The Health Ministry has drafted Cambodia’s first-ever law to control the sale and consumption of alcohol, which imposes a minimum legal drinking age of 21 and would fine retailers who sell liquor to anyone underage. ...

Khy Sovuthy and Simon Henderson
https://www.cambodiadaily.com/news/draft-law-sets-legal-drinking-age-at-21-highest-in-region-85785/

Illegal factory floor removed

The illegally built second storey of the Siu Quinh garment factory in Phnom Penh has been destroyed, factory officials and workers said yesterday. Bun Leng, administrative manager at the factory in Dangkor district, said his company had demolished the floor after inspection from a private company ...

Mom Kunthear
http://www.phnompenhpost.com/national/illegal-factory-floor-removed

Hydroponic farming to be tested in Cambodia

Japanese company Asian Gateway (Cambodia) will soon conduct a pilot project with a hydroponic farm in Cambodia. It will be tested at the Royal University of Agriculture (Chamkar Dong campus) in the first stage and after that will be used as a model for farmers and ...

Sok Chan
http://www.khmertimeskh.com/5079873/hydroponic-farming-tested-cambodia/

Dengue outbreak sees 1,691 kids hospitalised in a month

A total of 1,691 children were hospitalised at Kantha Bopha Children’s Hospital between October 21 and November 21 after an outbreak of haemorrhagic dengue fever. Another 1,626 children were hospitalised at other Kantha Bopha hospitals during the same period, according to a report from the ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/dengue-outbreak-sees-1691-kids-hospitalised-month

Cambodia sees steady growth in tourist arrivals despite disputed election result

Cambodia registered steady growth in international tourist arrivals in the first nine months of the year although the political dispute between the ruling and opposition parties over contested elections in July remains unsolved, officials said Thursday. Tith Chantha, secretary of state at the Ministry of Tourism, ...

Nguon Sovan
http://news.xinhuanet.com/english/world/2013-10/04/c_132772459.htm

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