Ministries and other national bodies

Ministry of Economy and Finance

$10m fund to buy rice from struggling farmers

The Ministry of Economy and Finance has pledged to provide another $10 million in addition to a $83 million fund to purchase rice from farmers at a reasonable cost amid low prices​ to avoid selling to crooked dealers. ...

Meas Molika
https://kiripost.com/stories/10m-fund-to-buy-rice-from-struggling-farmers

Tax revenue passes target amid money laundering cases

The General Department of Taxation (GTD) of the Ministry of Economy and Finance (MEF) has collected more than $2.94 billion of tax revenue for the period of first 10 months this year, which passes the amount set in the budget law 2022 and increases 26.96 ...

Kang Sothear
https://www.khmertimeskh.com/501186161/tax-revenue-passes-target-amid-money-laundering-cases/

Finance ministry prepared to launch ‘CamDL’

The Ministry of Economy and Finance said in a statement that Cambodia Distributed Ledger (CamDL) is a “hybrid permissioned blockchain” designed to provide the public with a platform for testing, understanding, experimenting and developing Decentralised Applications (Dapp), or those in the Web3 space, to solve ...

May Kunmakara
https://www.phnompenhpost.com/business/finance-ministry-prepared-launch-camdl

Follow NBC official exchange rate, taxpayers told

The General Department of Tax (GDT) of the Ministry of Economy and Finance has asked tax payers to follow the official exchange rate issued by National Bank of Cambodia (NBC), in a move to strengthen tax collection efficiency. ...

Khmer Times Staff
https://www.khmertimeskh.com/501177006/follow-nbc-official-exchange-rate-taxpayers-told/

Financial Technology exhibit on way

The Ministry of Economy and Finance will organize its first ever ‘Fintech Stage’ exhibition in Cambodia to promote the digital economy. The Fintech Stage will join the Cambodia Tech Expo 2022, to be held from November 11-13 at the Koh Pich Convention and Exhibition Centre. ...

Ry Sochan
https://www.phnompenhpost.com/business/financial-technology-exhibit-way

Ministry of Economy reviewing draft new tax law

The Ministry of Economy and Finance is reviewing the draft new tax law with the Ministry of Justice articles about the criminal code and clauses that go along with other relevant laws, a senior official said. ...

Chea Vanyuth
https://www.khmertimeskh.com/501173213/ministry-of-economy-reviewing-draft-new-tax-law/

Gov’t to form financial controlling groups

The Ministry of Economy and Finance (MEF) plans to establish financial controlling groups at each ministry whose function would be to review and approve both the expense budget proposals and procurements of respective ministries and institutions in consultation with the Financial Management Information System (FMIS), ...

Kang Sothea
https://www.khmertimeskh.com/501169891/govt-to-form-financial-controlling-groups/

Commission hold workshop to explain gambling laws

Commercial Gambling Management Commission of Cambodia (CGMC) has organised a workshop to disseminate information about the Law on the Management of Integrated Resorts and Commercial Gambling to authorities at all levels as a basis for their cooperation with all relevant institutions for higher efficiency in ...

Lay Samean and Sek Prak
https://www.phnompenhpost.com/national/commission-hold-workshop-explain-gambling-laws

Gov’t to issue bonds for second time to borrow $50M from investors

The National Bank of Cambodia (NBC) will proceed with another auction process for the Ministry of Economy and Finance (MEF) to borrow about $50 million from investors for the second time of the government’s plan of issuance for a longer period of time of repayment ...

Kang Sothear
https://www.khmertimeskh.com/501154678/govt-to-issue-bonds-for-second-time-to-borrow-50m-from-investors/

Cambodia earns almost $4 billion as income in January-August period

Cambodia has earned KHR 16,430 billion (approximately $3.98 billion) as income in the January-August period of this year, the Ministry of Economy and Finance’s report stated on Tuesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501147276/cambodia-earns-almost-4-billion-as-income-in-january-august-period/

Government inks 18 projects worth $763 million in H1

The Ministry of Economy and Finance (MEF) has entered into agreements for the implementation of 18 public expenditure projects worth $763 million under grant aids and concession loans in the first half of this year, according to a report released by MEF. ...

Kang Sothear
https://www.khmertimeskh.com/501145316/government-inks-18-projects-worth-763-million-in-h1/

Gov’t to borrow $300M from investors next month

The Ministry of Economy and Finance (MEF) Wednesday announced that it will borrow $300 million from the public and institutions by issuing its first three types of government bonds eight times from September to the end of this year. ...

Kang Sothear
https://www.khmertimeskh.com/501138957/govt-to-borrow-300m-from-investors-next-month/

Khmer Enterprise launches second cohort of EMDG to provide further benefits to SMEs

Khmer Enterprise, a unit under the Ministry of Economy and Finance, has recently launched the second cohort of its Export Market Development Grant (EMDG) programme to provide further benefit to the small and medium sized enterprises. ...

Khmer Times Staff
https://www.khmertimeskh.com/501137817/khmer-enterprise-launches-second-cohort-of-emdg-to-provide-further-benefits-to-smes/

Gov’t renews 70 casino and game of chance firms

The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has renewed the validity of 70 licenses to casino and game of chance companies nationwide in the second quarter of this year, according to a release ...

Kang Sothear
https://www.khmertimeskh.com/501135965/govt-renews-70-casino-and-game-of-chance-firms/

Cambodia, UNCDF sign MoU on extension of bilateral agreement

The Ministry of Economy and Finance, and the United Nations Capital Development Fund signed here on Thursday a memorandum of understanding (MoU) on the extension of agreement between the two parties. ...

Khmer Times Staff
https://www.khmertimeskh.com/501135088/cambodia-uncdf-sign-mou-on-extension-of-bilateral-agreement/

Finance Ministry, NBC enhance digital verification of customer documents

The Ministry of Economy and Finance and the National Bank of Cambodia (NBC) have reached a memorandum of understanding on electronic Know Your Customer (e-KYC) cooperation, aiming to enhance digital verification of customer documents in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501106776/finance-ministry-nbc-enhance-digital-verification-of-customer-documents/

Ministry of Finance says the issuance of $300 million in securities is scheduled for June

The Royal Government of Cambodia plans to officially issue $300 million in securities this month. This is according to Mang Sopheara, Deputy Director General of the General Department of International Cooperation and Debt Management of the Ministry of Economy and Finance and a member of ...

Khmer Times Staff
https://www.khmertimeskh.com/501085891/ministry-of-finance-says-the-issuance-of-300-million-in-securities-is-scheduled-for-june/

Cambodia prioritises fiscal policy reforms and green development

The Cambodian government prioritised budget efficiency to ensure public financial sustainability, economic recovery and green development to ensure social-economic development, said Aun Pornmoniroth, Minister of Economy and Finance. ...

Chea Vanyuth
https://www.khmertimeskh.com/501056225/cambodia-prioritises-fiscal-policy-reforms-and-green-development/

PM pushes to close pension gaps

Prime Minister Hun Sen has told the Ministry of Economy and Finance to speed up the preparation of the budget to address the pension inequality of low-paid civil servants and veterans. ...

Lay Samean
https://www.phnompenhpost.com/national/pm-pushes-close-pension-gaps

Ministry of Economy announces $100 million funding increase for SME Bank and Rural Development Bank for Agriculture

The Ministry of Economy and Finance will announce the announcement of additional funding of $100 million for the Cambodian Small and Medium Enterprise Bank and the Agricultural Rural Development Bank  to provide additional support to SMEs, agriculture and agriculture. Industry according to the press release ...

Khmer Times Staff
https://www.khmertimeskh.com/501023375/ministry-of-economy-announces-100-million-funding-increase-for-sme-bank-and-rural-development-bank-for-agriculture/

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