National government

Ministries and other national bodies

Gov’t: Kingdom’s sovereign debt manageable

A senior official at the Ministry of Economy and Finance described Cambodia’s level of public debt as manageable and allowing flexibility for further borrowing to meet the country’s development needs. ...

May Kunmakara
https://www.phnompenhpost.com/business/govt-kingdoms-sovereign-debt-manageable

Domestic vanilla planting taking root

Agriculture brought the Kingdom $4.037 billion in exports alone during 2020. Products grown included cassava, mangoes, bananas and peppers among many other agro-products. However, farmers are now branching out to less common but more profitable crops – and vanilla is among them. ...

Jason Boken
https://www.khmertimeskh.com/50804869/domestic-vanilla-planting-taking-root/

Ministry studies how best to boost exports under China deal

At its Friday meeting on the study and formulation on the good use of trade agreements in promoting exports, the Ministry of Commerce announced research is currently under way on products to be imported and exported under the Cambodia China Free Trade Agreement (CC-FTA). One ...

Jason Boken
https://www.khmertimeskh.com/50804912/ministry-studies-how-best-to-boost-exports-under-china-deal/

Recovery to be driven by three principles

A senior official at the Ministry of Economy and Finance said the government’s driving principles to restore the economy post-COVID-19 from 2021-2023 will be strategic approaches towards survival, reform and resilience. ...

Sok Chan
https://www.khmertimeskh.com/50804674/recovery-to-be-driven-by-three-principles/

MoE on the lookout for biodiverse ecotourism spots

The Ministry of Environment and Tour Guides Association are working together to identify potential ecotourism spots in protected areas. ...

Sen David
https://www.khmertimeskh.com/50804348/moe-on-the-lookout-for-biodiverse-ecotourism-spots/

Kep province to become ‘relaxation and high-end tourist destination’

Four tourism poles and 251 development projects have been added to the newly completed master plan draft for tourism development in Kep province. It is slated for implementation through 2030. ...

Sok Chan
https://www.khmertimeskh.com/50804514/kep-province-to-become-relaxation-and-high-end-tourist-destination/

Ministry revamps self-assessment tax regime classifications

The Ministry of Economy and Finance has issued a prakas (directive) for the classification of taxpayers doing business in the Kingdom currently under the existing self-assessment regime. ...

Sok Chan
https://www.khmertimeskh.com/50804495/ministry-revamps-self-assessment-tax-regime-classifications/

Kingdom’s bicycle exports top $500M

Cambodia exported bicycles worth approximately $527 million to international markets last year, up 27 percent from 2019. This establishes Cambodia as the No1 country in ASEAN and No5 globally for bicycle exports, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-bicycle-exports-top-500m

Rubber production to receive multi-agency effort to improve

WWF-Cambodia and the General Department of Rubber at the Ministry of Agriculture, Forestry and Fisheries (MAFF) signed a memorandum of understanding (MoU) to build a multi-agency partnership for transparent and sustainable natural rubber supply chains in Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50803833/rubber-production-to-receive-multi-agency-effort-to-improve/

Tax inspections on vehicles to begin in early February

Tax officials in collaboration with sub-national authorities will begin tax inspections on all means of transportation and vehicles for 2020 throughout the country by early next month. ...

Mom Kunthear
https://www.phnompenhpost.com/national/tax-inspections-vehicles-begin-early-february

NBC governor wins award

National Bank of Cambodia (NBC) governor Chea Chanto won Central Banker of the Year, Asia-Pacific award from premier financial magazine The Banker for his leadership in successfully navigating through a stormy 2020 during the Covid-19 crisis. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-governor-wins-award

Two power plants in Kandal start their engines

The heavy fuel oil-fired power plants in Kandal province’s Lvea Em district have started their engines and are generating power to the national grid, according to the Ministry of Mines and Energy. ...

Chea Vanyuth
https://www.khmertimeskh.com/50803643/two-power-plants-in-kandal-start-their-engines/

Ministry of Commerce signs two development MoUs

The Ministry of Commerce (MoC) signed two memorandums of understanding (MoUs) – with the Cambodian BRB retail and product promotion consulting company and another with the Cambodian Coca-Cola Co. ...

Jason Boken
https://www.khmertimeskh.com/50803679/ministry-of-commerce-signs-two-development-mous/

Tax collection near $3B in 2020

The Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.70052 trillion riel ($2.87 billion) in tax revenue last year, up 423.20 billion riel or 3.73 per cent compared to 2019, it said in a January 11 press release. ...

Hin Pisei
https://www.phnompenhpost.com/business/tax-collection-near-3b-2020

Domestic vegetable production increases in 2020

The Ministry of Agriculture, Forestry, and Fisheries has announced that domestic vegetable production increased in 2020 thanks to government’s efforts to boost production chains. ...

Chea Vanyuth
https://www.khmertimeskh.com/50803232/domestic-vegetable-production-increases-in-2020/

Firm wins rights to ticket sales at Kirirom, Prek Toal

The Ministry of Environment awarded rights to ticket sales at Kirirom National Park and the Prek Toal bird sanctuary to locally-owned firm Lim Sok Cheng for 2021. Kirirom National Park covers 8,401ha in Kampong Speu province and is 44km from the provincial capital of the ...

Thou Vireak
https://www.phnompenhpost.com/business/firm-wins-rights-ticket-sales-kirirom-prek-toal

Ministry mulls ASEAN+3 travel bubble

The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid the crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-asean3-travel-bubble

Rural electrification aims to be complete by 2023

The Ministry of Mines and Energy has announced a 2023 target date for the electrification of the Kingdom’s rural villages. Victor Jona, director-general of energy and spokesman for the Ministry of Mines and Energy, said the 2023 target date will see electrification having been delivered ...

Sok Chan
https://www.khmertimeskh.com/50802348/rural-electrification-aims-to-be-complete-by-2023/

Applause after non-bank finance regulator minted

The private sector applauded the establishment of the Non-Bank Financial Services Authority (NBFSA) following Senate approval of a draft law on its organisation and function. ...

May Kunmakara
https://www.phnompenhpost.com/business/applause-after-non-bank-finance-regulator-minted

Ministry, Japan agri-firm ink MoU

The Ministry of Commerce on January 6 signed a memorandum of understanding (MoU) with Japan’s Yamato Green Co Ltd to develop value chains for agribusiness products. Having registered with the Ministry of Commerce on April 22, Yamato Green has had relative success in growing safe ...

Thou Vireak
https://www.phnompenhpost.com/business/ministry-japan-agri-firm-ink-mou

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