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/
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
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
Airport fight comes to city
About 80 villagers locked in a land dispute in Preah Vihear province found their planned march to the National Assembly blocked by security forces in the capital’s Meanchey district yesterday. Village representative Meng Chanthorn said that the quashed march, which was ultimately abandoned without the use ...
Pech Sotheary
http://phnompenhpost.com/national/airport-fight-comes-city
Local vendors shun small US currency
Reports of local vendors refusing to accept small US currency banknotes has continued over the weekend, despite repeated calls from both the Kingdom’s central bank and Prime Minister Hun Sen that all US currency banknotes will still be considered “legal tender”. ...
Harrison White
https://www.khmertimeskh.com/50728832/local-vendors-shun-small-us-currency/
In Cambodia, fake orphanages soak up donations by duping tourists
Just before the sun sets over the enchanting Angkor temples in northern Cambodia, a group of children gets ready for their big show. Every day, according to fliers at restaurants and hotels around town, the children perform an hour-long “charity show” for tourists visiting the ...
Denise Hruby
http://www.dailynews.com/general-news/20140721/in-cambodia-fake-orphanages-soak-up-donations-by-duping-tourists
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
Developers ink master plan for central business district
Australian-listed property developer Kingsland Global Ltd has entered into a master cooperation agreement with a subsidiary of local developer Shukaku Inc to develop 10,000 square metres of prime real estate in Phnom Penh’s “central business district”, it announced Friday in a filing to the ASX. ...
Kali Kotoski
http://www.phnompenhpost.com/business/developers-ink-master-plan-central-business-district
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/
Four solar projects approved
The Council of Ministers on Friday approved four solar projects that will produce a combined 140 megawatts. The body convened last week to review a raft of new laws and investment proposals, which included the four solar projects. In a statement issued after the meeting, the ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50623720/four-solar-projects-approved/