The industry body representing the Kingdom’s myriad microfinance institutions (MFIs) threw down the gauntlet yesterday, announcing that its members had categorically rejected a government directive that orders them to charge a value-added tax (VAT) on financial services fees and would not apply it. ...

The draft of the new Law on the Chamber of Commerce is again being reviewed by the Cambodia Chamber of Commerce (CCC). Once the proposed changes to the draft are completed, the law will be sent to the Council of Ministers for further discussion and approval, ...

Environment Minister Say Sam Al said Friday that the Cambodian government has canceled licenses of economic land concession for 11 companies whose land concessions adversely affected the local people. ...

The Office Of the Council Of Ministers has approved the draft law on Control, Use and Management Of the State Assets, which aims to ensure that state assets are preserved for the common interests Of the country and the people. The Ministry Of Economy and ...

The Ministry of Economy and Finance, Ministry of Commerce and Ministry of Post and Telecommunications held a joint meeting last week to discuss the potential collection of a digital services tax. ...

Cambodia launched Tuesday the second phase of cassava development project under the support of China and the United Nations Development Program (UNDP). Cambodia and China signed a Protocol on the Exports of Cambodian Cassava to Chinese Market in December 2010, under which China allowed Cambodia ...

Government spending next year will total more than $3 billion, a 16.2 percent increase from the $2.6 billion set aside for 2012, according to a draft of the national budget obtained Friday. The budget states that the government will allocate some $400 million, or 13.32 ...

Deputy Prime Minister Sok An requested yesterday that the Ministry of Education, Youth and Sports collaborate with the Ministry of Labour to create a vocational “bridge” program to enable students without high school degrees to have access to trade-based, university-level coursework. ...

Cambodia has generated approximately $34.35 million in revenue from the American multinational technology conglomerate Meta Platforms Inc. doing business as Meta or the Facebook Value Added Tax (VAT) in 2022 and 2023, said the figures of tax revenue released Sunday by former Prime Minister Hun ...

The Labour Ministry will send more than 200 trainers to factories and relevant institutes to educate workers about labour rights. Speaking to reporters on Wednesday, Soeung Sarsochetta, secretary of state at the Labour Ministry, said 250 trainers from the Labour Ministry would go to factories, businesses ...

Repairs on an ancient sandstone statue discovered in Siem Reap province in July are 50 percent complete, according to a report. The Angkor-era statue was found at the Tonle Sgnout temple by a group of Apsara Authority archaeologists working with colleagues from the Singapore-based Institute ...

Cambodia’s tourism minister Thong Khon said this week that ASEAN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at ...

WITH the passing of a law on farmers’ co-operatives, the government hopes to streng-then the country’s growing agricultural sector, Prime Minister Hun Sen said in a speech at the National Institute of Education yesterday. “In time, I believe that economic growth will be tremendous in rural ...

Mizuho Bank, one of Japan’s largest banks, opened a representative office here Monday thanks to increasing interest in Cambodia by Japanese investors, a bank official said. To date, Cambodia has five foreign banks’ representative offices, 34 commercial banks, seven specialized banks and 37 microfinance institutions, ...

The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...

A parliamentary delegation of Belarus led by Chairman of the House of Representatives of the National Assembly of Belarus Vladimir Andreichenko has paid a visit to Siem Reap Provide [sic] of the Kingdom of Cambodia on 12 February. During the visit Vladimir Andreichenko met with ...

Cambodia has recorded a growth rate of 10 percent since the last 10 years, and the time is right for the Indian small and medium enterprises (SMEs) to look at Cambodia as its key partner for accessing the ASEAN marke [sic], Ambassador of India in ...

The last of three draft laws written with the aim of cleaning up the courts establishes four new judicial chambers, but legal and political experts worry that it does little to loosen the grip of Prime Minister Hun Sen’s Justice Ministry over the courts. The draft ...

Prime Minister-designate Hun Sen on Thursday defended his establishment of the Consultation Forum, saying it gives opposition parties an opportunity to contribute to nation-building. Speaking to over 17,000 garment workers in Kandal province, the Cambodian People’s Party leader was responding to criticisms from some members ...

The National Election Committee (NEC) was hailed by the government on Tuesday for saying that there would be 45,000 observers for the July 29 national elections. Council of Ministers spokesman Phay Siphan said that the large number of registered election observers would dispel criticism and ...