PM pats GDT chief on back after record tax revenues
Prime Minister has congratulated General Department of Taxation (GDT) chief Kong Vibol on a job well done after the agency last year collected revenues equivalent to 122.54 per cent of the target set by the annual financial management law, in the “highest surplus of all ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-pats-gdt-chief-back-after-record-tax-revenues
E-wallet payments nine times GDP: NBC
E-payment trends in Cambodia have significantly consolidated in recent years as more and more people transition from cash-based to digital transaction options, the National Bank of Cambodia (NBC) reaffirmed in a recent report. ...
May Kunmakara
https://www.phnompenhpost.com/business/e-wallet-payments-nine-times-gdp-nbc
‘Extremist’ groups seeking to sow chaos, Sar Kheng warns
Minister of Interior Sar Kheng appeals to all sides to continue to protect the Kingdom’s hard-won peace, claiming that “extremist” opposition groups are still attempting to sow chaos in society as a means of overthrowing the government. ...
Sok Raksa
https://www.phnompenhpost.com/national/extremist-groups-seeking-sow-chaos-sar-kheng-warns
Tax collection exceeds 22% of plan last year
The General Department of Taxation (GDT) at the Ministry of Economy and Finance collected $3.45 billion as income from taxes in 2022, which is equivalent to 122 percent of the target for the year. ...
Chea Vanyuth
https://www.khmertimeskh.com/501222609/tax-collection-exceeds-22-of-plan-last-year/
Cambodia breaks Guinness world record for largest display of origami hearts
Cambodia’s display of origami hearts was included in the Guinness Book of Records on Tuesday as the world’s largest show of origami hearts, breaking the previous record held by Britain, a Guinness World Records adjudicator announced. ...
Khmer Times Staff
https://www.khmertimeskh.com/501272145/cambodia-breaks-guinness-world-record-for-largest-display-of-origami-hearts/
Serey: Central bank’s MoU with UnionPay not yuan agreement
National Bank of Cambodia deputy governor Chea Serey clarified on July 16 that a recent memorandum of understanding with China’s UnionPay was not an agreement to legalise the Chinese yuan in the Kingdom or the Cambodian riel in China. Rather, it permits mobile payments using ...
Sok Raksa
https://www.phnompenhpost.com/business/serey-central-banks-mou-unionpay-not-yuan-agreement
Spirits high after NBC’s prakas on capital rules
The National Bank of Cambodia’s (NBC) recent two-pronged prakas on capital buffers and the capital adequacy ratio (CAR) of banking and other deposit-taking institutions, which aims to provide a clearer classification system for assets, is poised to strengthen the industry and enhance risk resilience, local ...
May Kunmakara |
https://www.phnompenhpost.com/business/spirits-high-after-nbcs-prakas-capital-rules
Central bank's regulations to boost financial resilience in Cambodia
The National Bank of Cambodia (NBC) has announced the enforcement of regulations on capital buffer and on credit risk for capital adequacy ratios (CAR) for banks and deposit-taking microfinance institutions (MFIs). These measures aim to bolster the management of diverse risks, it said. ...
Sok Raksa
https://www.phnompenhpost.com/business/central-banks-regulations-boost-financial-resilience-cambodia
MoU strengthens technical and vocational internships
The Ministry of Labor and Vocational Training, Chamber of Commerce, and employers’ association signed a Memorandum of Understanding (MoU) to promote internship opportunities for vocational and technical training. ...
Kiripost staff writers
https://kiripost.com/stories/mou-strengthens-technical-and-vocational-internships
Cambodia exported 656,000 tonnes of cashew, earning $837 million in revenue in 2023
Cambodia exported $837 million worth of raw cashew nuts in 2023, a year-on-year decrease of 16.9 percent, according to the Cashew Nut Association of Cambodia’s report on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501420104/cambodia-exported-656000-tonnes-of-cashew-earning-837-million-in-revenue-in-2023/
New interior ministry HQ inaugurated
The Ministry of Interior’s new headquarters was officially inaugurated by Prime Minister Hun Manet on November 6. The facility was completed in just under two years, at a cost of approximately $60 million. ...
Post Staff
https://www.phnompenhpost.com/national/new-interior-ministry-hq-inaugurated
GDT calls for good tax culture in Cambodia
The General Department of Taxation (GDT) has asked garment, footwear, and travel goods (GFT) manufacturers and exporters to comply with the new tax law and also support promoting a good tax culture in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501403662/gdt-calls-for-good-tax-culture-in-cambodia/
Some 1,300 underprivileged students enroll at NPIC
Since the official launch of the technical and vocational training programme for poor and vulnerable youths last month, some 1,300 young people have enrolled at the National Polytechnic Institute of Cambodia (NPIC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501412958/some-1300-underprivileged-students-enroll-at-npic/
Commerce chamber suggest Hungary open commercial office
The Cambodia Chamber of Commerce (CCC) has requested that the Hungarian government examine the possibility of establishing a commercial office in the Kingdom to expand Cambodia-Hungary trade and investment cooperation. ...
Ry Sochan
https://www.phnompenhpost.com/business/commerce-chamber-suggest-hungary-open-commercial-office
Press release on the self-declaration of installation and use of solar power systems
On 5 July 2024, the Electricity Authority of Cambodia issued a press release on the self-declaration of installation and use of solar power systems on thier official social media site.According to the press, the Electricity Authority of Cambodia has appealed to all consumers who have ...
Electricity Authority of Cambodia
Cambodia Offers Rice To Indonesia - Bernama
Indonesia will soon sign a contract to import 100, 000 metric tones of rice from Cambodia over the next 5 years On his part, Hun Sen invited Indonesian Investors to invest in poor harvest businesses such as rice hulling in Cambodia ...
PM offers Myanmar a ‘win-win’
During the inauguration of a pagoda in Prey Veng on Friday, Prime Minister Hun Sen announced he will send several advisers to Myanmar to share lessons from his “Win-Win” policy, which he credits with ending Cambodia’s civil war. ...
Touch Sokha and Cristina Maza
http://www.phnompenhpost.com/national/pm-offers-myanmar-win-win
IMF chief pledges continued support to Cambodian reforms
The International Monetary Fund (IMF) Managing Director Christine Lagarde pledged Monday to continue providing technical assistance to Cambodia for financial and fiscal reforms. Speaking during a meeting with Cambodian Economy and Finance Minister Aun Porn Moniroth, Lagarde hailed Cambodia for sound macroeconomic management and fruitful cooperation ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/02/c_132935757.htm
Chong Phlas miners ordered to shutdown
Authorities in Mondolkiri province have given more than ten gold mining sites within the Chong Phlas Mining Community 15 days to shut down operations after concluding that they were not following the law. ...
Khy Sovuthy
https://www.khmertimeskh.com/50496723/chong-phlas-miners-ordered-to-shutdown/
Surrogacy law progresses
Interior Minister Sar Kheng is monitoring the progress of a draft law aimed at addressing the problem of surrogacy in the Kingdom, which is now being debated at the inter-ministerial level. Mr Kheng on Tuesday evening briefed Donica Pottie, Canada’s Ambassador to the Kingdom, on the ...
Taing Vida
https://www.khmertimeskh.com/50553934/surrogacy-law-progresses/