Gov’t discusses new strategies to attract investment
The Ministry of Economy and Finance (MEF), in collaboration with the World Bank (WB), yesterday held a sector policy dialogue to discuss new strategies with development partners and other government officials from different ministries and institutions to boost investment while considering the scope of regional ...
Kang Sothear
https://www.khmertimeskh.com/501269338/govt-discusses-new-strategies-to-attract-investment/
Construction of $620m oil refinery delayed
Construction of an oil refinery straddling two provinces in the South is going ahead slower than expected, with the project now scheduled for completion in 2022, the Ministry of Mines and Energy said. The first phase of the oil refinery, located on 365 square metres ...
Chea Vannak
https://www.khmertimeskh.com/50601964/construction-of-620m-oil-refinery-delayed/
Concessions Not for Logging, Hun Sen Says
Prime Minister Hun Sen yesterday told senior officials to stop investors from using land concessions as a pretext for logging and to discuss the possibility of reducing the amount of time such concessions can last. The government placed a moratorium on logging concessions in 2002 to ...
Garment IPO May Arrive in Time for Polls
After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...
http://www.phnompenhpost.com/2013060566066/Business/garment-ipo-may-arrive-in-time-for-polls.html
Database will assist farmers
Rural farmers will soon be able to access farming information via experts under an initiative of the International Fund for Agriculture Development (IFAD). The project, with Bangladesh-based Grameen-Intel, encourages local entrepreneurs to first reach out to small farmers and collect data about crops. This is then ...
Daniel de Carteret
http://www.phnompenhpost.com/business/database-will-assist-farmers
Information Minister Promotes Gov't Use of Social Media
Minister of Information Khieu Kanarith has encouraged all provincial and city information departments to set up and maintain their own homepages, websites and profiles on the Internet, including popular social networking sites such as Facebook, officials said yesterday. The minister, who posts frequent updates ...
Inflation predicted to fall below five percent
Inflation remains under control and is predicted to drop below five percent as banking and financial institutes continue to aid post-pandemic economic recovery, says the National Bank of Cambodia. ...
Prak Chan Thul
https://kiripost.com/stories/inflation-predicted-to-fall-below-five-percent
Notification on the temporary suspension of the implementation of VAT on nontaxable supplies
On 06 July 2017, the General Department of Taxation has issued a notice to all financial institutions operating in the Kingdom of Cambodia to be aware that the implementation of a May 25 prakas that more clearly defines the government’s laws for nontaxable supplies concerning ...
General Department of Taxation
Issues Remain as Union Law Enters Final Phase
As the creation of Cambodia’s first law on trade unions enters a final phase this week, labor activists and unions said the draft law as it stands is in urgent need of revision, as it would cripple unions and severely undermine collective bargaining rights. They ...
Japanese Investment Grows; Hurdles Remain
Japanese investment in Cambodia is steadily increasing as a result of sharply rising wages in China and other Southeast Asian nations. But experts warned this week that for sustained investment growth—and to avoid driving Japanese companies to other attractive investment destinations such as Burma —the ...
http://www.cambodiadaily.com/business/japanese-investment-grows-hurdles-remain-5144/
Hun Sen to Hold Bilateral Talks With Obama During Summit
Prime Minister Hun Sen will hold bilateral talks with U.S. President Barack Obama when the newly re-elected American leader visits Phnom Penh during this month’s East Asia and Asean Summits. Mr. Hun Sen announced the bilateral meeting in a letter to Mr. Obama on Wednesday congratulating ...
Multiple Skills Needed To Compete in a Future Asean, Economist Says
Young Cambodians must develop diverse workplace skills if they are to compete in an integrated Asean, a leading economist and adviser to the government says. “We have to make sure we are able to do multiple things if others are able to do just one,” the ...
http://www.voacambodia.com/content/multiple-skills-needed-for-asean-competition/1603984.html
Fashion retail enters the online era
SOURSDEY Fashion occupies a small shopfront near the Russian Market. It looks similar to many of the small boutiques sprouting up across Phnom Penh, packed with the latest in fashion aimed at young, trendy consumers. But the shop’s business plan differs from that of many ...
Local ISP claims licence overlap is causing losses
At least one internet service provider in Cambodia still claims to have overlapping frequencies, which means losses for the affected company MekongNet. The company’s chief executive, Sok Channda, reported that the internet service provider can’t use the frequencies that were supposed to cover the WiMAX service, ...
http://www.phnompenhpost.com/Business/local-isp-claims-licence-overlap-is-causing-losses.html
MFIs seek ministry support
The Ministry of Economy and Finance (MEF) is planning to form a joint committee chaired by government officials and microfinance institutions (MFIs) to promote small loan disbursements as the new 18 percent loan interest rate cap takes effect, according to an announcement released by the ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfis-seek-ministry-support
Implementation of new income, salary tax come into effect
All organisations and institutions associated with the Royal Government of Cambodia have started implementing the new taxes on the annual income of individuals and sole proprietorship businesses and monthly salaries of resident employees from January 1, 2023, following a new sub-decree issued on September 28, ...
Kang Sothear
https://www.khmertimeskh.com/501213229/implementation-of-new-income-salary-tax-come-into-effect/
Press release for launching ceremony of challenges to independent media 2017
With financial and technical supports by the European Union and DanChurchAid Cambodia Office, the Cambodian Center for Independent Media (CCIM) is pleased announce that CCIM is going to release a report Of Challenges to Independent Media in Cambodia 2017 on Wednesday morning, February 21, 2018 ...
Cambodian Center for Independent Media (CCIM)
Satellite tech to boost forest, natural resource protection
Minister of Environment Eang Sophalleth emphasised the critical importance of protecting forests and natural resources, asserting that it is a top priority for the ministry and stressing the need for modern technology to combat illegal activities in these areas. ...
Kim Yutharo
https://www.phnompenhpost.com/national/satellite-tech-to-boost-forest-natural-resource-protection
South Korea loans $21 million for rural improvement
H.E. Aun Pornmonirath, Secretary of State of the Ministry of Economy and Finance of Cambodia and Mr. Sang Wang Byun, Executive Director of Export-Import Bank of the Republic of Korea, on September 21 signed $21 Million Loan Agreement for Cambodia’s Rural Roads Improvement Project. “The ...
Cambodia aims to adopt law on 'Access To Information' in 3 years
The Cambodian government said Monday that a law on access to information will be adopted in three years. Cambodia has spent more than a decade working on this draft law. The formation of a new government in July committed to reforming all the government’s bodies ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/131230/cambodia-aims-adopt-law-access-information-3-years