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GDT’s tax collection target for 2023 up by $750M

The General Department of Taxation (GDT) has been given a stiff tax collection target of $3.5 billion for next year, $750 million more than the current year’s budget target, said Kong Vibol, Minister attached to the Prime Minister and Delegate of the Royal Government in ...

Manoj Mathew
https://www.khmertimeskh.com/501175487/gdts-tax-collection-target-for-2023-up-by-750m/

Chamber of commerce calls for additional SEZ incentives

Representatives of the private sector and economists have encouraged regional developers to establish a private sector development council to invest in regional special economic zones (SEZs), as they called for renewed focus on the development of exiting SEZs. ...

Van Socheata
https://www.phnompenhpost.com/business/chamber-commerce-calls-additional-sez-incentives

Cambodia’s electronic payment amount among highest in world

The amount of payments made via electronic system in Cambodia reached nearly 1,000 percent of the country’s Gross Domestic Product (GDP) in 2022, said a senior official of National Bank of Cambodia (NBC). ...

Kang Sothear
https://www.khmertimeskh.com/501319532/cambodias-electronic-payment-amount-among-highest-in-world/

Hosting the 39th WAGGGS World Conference in 2026 reflects Cambodia’s capabilities and influence, says FAPW founder

Visiting Dr. JuseonByun, Founder of Friends of Asia Pacific World Association Girls Guides and Girls Scouts (FAPW), has congratulated the Kingdom of Cambodia on hosting the 39th WAGGGS World Conference in 2026, which reflects the capabilities and influence of Cambodia as well as the Asia ...

Khmer Times Staff
https://www.khmertimeskh.com/501387579/hosting-the-39th-wagggs-world-conference-in-2026-reflects-cambodias-capabilities-and-influence-says-fapw-founder/

CCC, China’s ACFIC join forces to enhance investment ties

The Cambodian Chamber of Commerce (CCC) and the All-China Federation of Industry and Commerce (ACFIC) have announced the collaboration to strengthen investment ties between the two nations. ...

Chea Vanyuth
https://www.khmertimeskh.com/501495806/ccc-chinas-acfic-join-forces-to-enhance-investment-ties/

Cambodia, Hong Kong agree to foster mutual economic growth

The Council for the Development of Cambodia (CDC), the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China and the Hong Kong Trade Development Council (HKTDC) Wednesday signed two memoranda of understanding (MoUs) to diversify the economy, develop private sector and foster ...

Nhean Chamrong
https://www.khmertimeskh.com/501533198/cambodia-hong-kong-agree-to-foster-mutual-economic-growth/

Ministry warns of possible flooding

The Ministry of Water Resources and Meteorology yesterday warned local authorities and people throughout the country to pay close attention and use caution as heavy rain, which could lead to flooding, was expected throughout the country this week. Water Resources and Meteorology Minister Lim Kean Hor ...

Mom Kunthear
http://www.khmertimeskh.com/news/29658/ministry-warns-of-possible-flooding/

Lack of funds delays railway

The China Railway Group’s planned $7.5 billion Cambodian north-south railway line has been delayed due to funding shortages, according to the company’s top official. Originally slated to begin construction last year, China Railway’s chairman, Li Changjin, told the south China Morning Post that work on the 400-kilometre railway ...

Daniel de Carteret
http://www.phnompenhpost.com/business/lack-funds-delays-railway

Milled rice exports gaining traction

The tonnage of the Kingdom’s milled-rice exports jumped nearly 50 per cent year-on-year in the first quarter, according to the Ministry of Commerce, with export revenues soaring as much as 82 per cent. Total exports of milled rice for the first three months of 2012 hit ...

http://www.phnompenhpost.com/index.php/2012042455728/Business/milled-rice-exports-gaining-traction.html

Former envoy to South Korea challenges court ruling on abuse-of-power conviction

Imprisoned former Ambassador Suth Dina appeared in the Supreme Court yesterday to challenge the procedures of the Appeal Court, where he attempted to get his five-year sentence for “abuse of power” and “unlawful exploitation” overturned in August. ...

Kim Sarom
http://www.phnompenhpost.com/national/former-envoy-south-korea-challenges-court-ruling-abuse-power-conviction

China overtakes S. Korea to become largest tourist source of Cambodia's Angkor

China has overtaken South Korea to become the largest tourist source of Cambodia’s Angkor world heritage site, Cambodia’s state-run Agence Kampuchea Press (AKP) reported on Monday, citing a senior tourism official. ...

Ecns.cn News Staff
http://www.ecns.cn/2015/08-04/175675.shtml

Labour Law revision could hurt employers: GMAC

The Garment Manufacturers Association in Cambodia welcomed the approval of the amendment of article 89 of the Labour Law on worker protection and severance pay by the government on Friday, but the organisation’s head said the move could financially burden employers. ...

Mom Kunthear
https://www.khmertimeskh.com/50494469/labour-law-revision-could-hurt-employers-gmac/

Cambodian police bust Thais with $7M in fake bills

Three Thai men arrested in Cambodia for allegedly carrying counterfeit U.S. $100 bills with a face value of more than $7 million planned to circulate the fakes in rural areas where they would be less likely to be detected, police said Saturday. The men were arrested ...

The Washington Post News Staff
http://www.washingtonpost.com/world/asia_pacific/cambodian-police-bust-thais-with-7m-in-fake-bills/2014/09/19/80bcac08-4060-11e4-a430-b82a3e67b762_story.html

Full text of China-Cambodia joint press communique

The following is the full text of the joint press communique between China and Cambodia issued on Tuesday during the official visit by Prime Minister Samdech Akka Moha Sena Pedei Techo Hun Sen of the Kingdom of Cambodia to China: Joint Press Communique Between the People’s ...

http://english.peopledaily.com.cn/90883/8200926.html

Groups Demand Mandatory Minimum Wage, Threaten Protest

About 100 people, including 20 monks, held a ceremony in Phnom Penh on Friday in memory of the five people killed a week beforehand when military police opened fire on protesting garment workers, and demanded that the government introduce a mandatory, sector-wide standard minimum wage. In ...

Khy Sovuthy and Lauren Crothers
http://www.cambodiadaily.com/news/groups-demand-a-mandatory-minimum-wage-threaten-to-protest-50428/

EU's fish import ban not harming Cambodia's export: official

The European Commission’s proposed ban on fish imports from Cambodia would cause no harm to the country’s fish exports since it has never sold fish to European countries, a Cambodian fisheries chief said Wednesday. “The sanctions, announced by the European Commission on Tuesday, do not affect ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/27/c_132922402.htm

Marchers to flout ban on protests

Hundreds of civil society representatives, garment workers and community groups are expected to take to the streets this morning to deliver petitions to foreign embassies calling on the government to release the 23 people arrested during garment worker strikes earlier this month and find justice ...

Kevin Ponniah and Cheang Sokha
http://www.phnompenhpost.com/national/marchers-flout-ban-protests

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

Worming a Way Into the Agriculture Sector

For 53-year-old farmer Ros Mao, it’s not just the early bird that catches the worm. The Takeo province farmer has raised millions of earthworms for eight years in Tram Trak district, selling the slimy red creatures and using the manure they create to grow his ...

http://www.camnet.com.kh/cambodia.daily/

NBC warns against unlicensed deposit schemes

The National Bank of Cambodia issued a letter on Wednesday clarifying that only seven microfinance institutions (MFIs) are licensed to accept deposits from the public. The notification came after the central bank noticed several “rural credit operators” – institutions smaller than a typical MFI that ...

Hor Kimsay
https://www.phnompenhpost.com/business/nbc-warns-against-unlicensed-deposit-schemes

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