Property tax deadline moved to year's end
Due to a lack of available tax collectors, the Ministry of Economics and Finance once again delayed collections on the 0.1 percent property tax on all immovable property worth approximately $25,000 or more, according to a ministry notice issued yesterday ...
EU donates €3.5M to the KR Tribunal
The Extraordinary Chambers in the Courts of Cambodia (ECCC) announced on Monday that the European Union (EU) has pledged a total of €3.5 million ($4.1 million) to support it in 2018, according to its press officer, Neth Peaktra. ...
Niem Chheng
https://www.phnompenhpost.com/national/eu-donates-eu35m-kr-tribunal
Senior official accused of land grab
A member of the Supreme Consultation Forum is set to forward to Prime Minister Hun Sen, the complaints of more than 1,000 families against a military lieutenant general over alleged land grabbing in Kampong Thom province’s Stoung district. ...
Long Kimmarita
https://www.phnompenhpost.com/national/senior-official-accused-land-grab
Government tax revenue collection grows nearly 22% in 2015
The government collected about $1.3 billion in tax revenue in 2015, a 21.67 percent increase over the previous year, according to a statement released by the Ministry of Economy and Finance’s general department of taxation on Monday. ...
Kang Sothear
https://www.cambodiadaily.com/news/government-tax-revenue-collection-grows-nearly-22-in-2015-105200/
Green light for protected forest plans
The Ministry of Environment has given two NGOs the go-ahead to implement their proposed management plans for five protected community forest areas in Battambang and Pursat provinces, projected to cover 1,064 families and 2,761 hectares. ...
Kong Meta
http://www.phnompenhpost.com/national/green-light-protected-forest-plans
Truck found 26 tonnes over legal weight limit
An overloaded truck’s owner was ordered to pay 7.8 million riel ($1,917) in fines yesterday after his driver was caught with 61 tonnes of wood in his truck, 26 tonnes above the legal limit. ...
Phak Seangly
http://www.phnompenhpost.com/national/truck-found-26-tonnes-over-legal-weight-limit
Free vehicle movement
Cambodia, among the six Greater Mekong Subregion (GMS) countries, has agreed to allow commercial trucks and tourist buses to travel more freely from country to country starting December 1, following lengthy talks, according to a report in the Bangkok Post. ...
Sum Manet
http://www.khmertimeskh.com/news/27359/free-vehicle-movement/
Tax revenue soars on vehicle, tobacco tariffs
Cambodia’s General Department of Taxation (GDT) collected $1.09 billion in taxes during the first 10 months of 2015, up 23.9 per cent compared to the same period a year earlier, according to a statement posted on its website. ...
Post Staff
http://www.phnompenhpost.com/business/tax-revenue-soars-vehicle-tobacco-tariffs
Preah Vihear land grant illegal: Adhoc
Local rights group Adhoc has cried foul after roughly 1,200 square metres on 2 hectares of land that used to be home to an airport in Preah Vihear province have been granted to a local official to build a house. ...
Phak Seangly
http://www.phnompenhpost.com/national/preah-vihear-land-grant-illegal-adhoc
Accused British fraudster thrown out of court
A British businessman jailed for more than 2 1/2 years without conviction was removed from the Phnom Penh Municipal Court on the first day of his trial Wednesday after accusing the court of gross malpractice and threatening to walk out himself. ...
Matt Blomberg and Khuon Narim
https://www.cambodiadaily.com/news/accused-british-fraudster-thrown-out-of-court-95282/
Rice exports miss the mark again
Five years after setting out an ambitious 1 million-tonne milled rice export target, the rice sector fell well short of the mark last year, exporting close to 550,000 tonnes, with industry experts cautiously optimistic over export increases in 2016. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-exports-miss-mark-again
Five arrested over Stung Treng market fire
Five security guards at Stung Treng Market were arrested and detained for negligence after 1,220 stalls and shops burned to the ground on Thursday night, with Prime Minister Hun Sen ordering provincial officials to rebuild the stores for the vendors. ...
Mom Kunthear
http://www.khmertimeskh.com/news/23813/five-arrested-over-stung-treng-market-fire/
Sathapana shifts from MFI to commercial bank
Sathapana Microfinance Plc., the third largest MFI in Cambodia, has officially transformed itself into a commercial bank with total capital of $120 million, a move in line with Japanese-owned Maruhan Japan Bank acquiring a 95.1 percent stake in 2012. ...
Sum Manet
http://www.khmertimeskh.com/news/24144/sathapana-shifts-from-mfi-to-commercial-bank/
Old debt on agenda for PM’s Russia visit
Prime Minister Hun Sen will attempt to renegotiate the $1.5 billion of Soviet-era debt Cambodia accrued during the 1980s when he visits Russia in May, according to a post on the premier’s Facebook page. ...
Vong Sokheng
http://www.phnompenhpost.com/national/old-debt-agenda-pms-russia-visit
Gov’t eyes million-tonne rice quota deal with Indonesia
Cambodia is close to signing an ambitious agreement with the Indonesian government that would pave the way for the Kingdom’s rice producers to export 1 million tonnes of rice under a new quota scheme, a state official said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/govt-eyes-million-tonne-rice-quota-deal-indonesia
Pepper plantation to tip the scales
A local subsidiary of a South Korean confectionary giant is investing $40 million to develop what it claims will be the world’s largest pepper plantation on a sprawling 1,000-hectare estate in eastern Cambodia, a company executive said yesterday. ...
Cam McGrath and Cheng Sokhorng
http://www.phnompenhpost.com/business/pepper-plantation-tip-scales
France loans €30M for water plant expansion
The French Agency for Development has granted a 30 million euro, or $31.1 million, loan for the Phnom Penh Water Supply Authority (PPWSA) to expand one of its four water plants and increase its water distribution in the capital. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/france-loans-eu30m-water-plant-expansion
Emerald’s gold prospects improve
The Australian-listed mining firm behind Cambodia’s Okvau gold project in Mondulkiri province released its definitive feasibility study (DFS) yesterday, confirming its predictions of 1.14 million ounces in gold reserves while reducing its projected investment costs for extraction. ...
Kali Kotoski
http://www.phnompenhpost.com/business/emeralds-gold-prospects-improve
Start date set for garment worker health checks
The Ministry of Labour’s spokesman yesterday said that free medical treatment for garment workers, announced by Prime Minister Hun Sen last week, will start on January 1. Spokesman Heng Sour said the scheme would have help from other ministries. ...
Mom Sophon
http://www.khmertimeskh.com/5081004/start-date-set-garment-worker-health-checks/
$400m solar project launched
Global Purify Power (GPP), a joint venture behind $400 million worth of solar powered projects, started groundbreaking work on Friday with more than $10 million worth of investment in Kampong Speu province. ...
May Kunmakara
http://www.khmertimeskh.com/5082184/400m-solar-project-launched/