Ministries and other national bodies
Ministry of Economy and Finance
Ministries eye budget bumps for next year
The Ministry of Economy and Finance finished month-long consultations with key ministries on Thursday in preparation for the drafting of Cambodia’s budget for 2017. ...
Kong Meta
http://www.phnompenhpost.com/national/ministries-eye-budget-bumps-next-year
Rice harvest soon but still no help
With less than three months to the rice harvesting season in November, panic has now set in among rice millers and producers who feel less confident as the days go by that they will be bailed out by government emergency loans ‒ to help them ...
Chea Vannak
http://www.khmertimeskh.com/news/29597/rice-harvest-soon-but-still-no-help/
Joint online tax system
The Ministry of Commerce and the Ministry of Economy and Finance’s general taxation department plan to jointly operate an online business tax registration system in a bid to strengthen tax collection in the country and root out corruption. Sok Sopheak, under-secretary of state of the Ministry ...
Chea Vannak
http://www.khmertimeskh.com/news/29545/joint-online-tax-system/
Ministry explains tax hikes on heavy transportation vehicles
The Ministry of Economy and Finance on Monday sought to explain a recent hefty increase in taxes imposed on heavy transportation vehicles, saying it was prompted by a need to support infrastructure maintenance expenditures and cover the elimination of taxes on vehicles smaller than 150cc. ...
Lay Samean
http://www.phnompenhpost.com/national/ministry-explains-tax-hikes-heavy-transportation-vehicles
Police asked to pay vehicle tax
The owners of vehicles sporting police number plates must pay vehicle taxes by the end of the month or face having their vehicles impounded, according to the Ministry of Economy and Finance. In a letter to Interior Minister Sar Kheng, Economy and Finance Minister Aun Ponmoniroth ...
Pech sotheary
http://www.khmertimeskh.com/news/29374/police-asked-to--pay-vehicle-tax/
Timber negotiations scrapped; seized wood to be divided up
In the latest setback to its attempt to sell off millions of dollars worth of seized timber, the government canceled five days of negotiations with potential buyers scheduled for this week, an official said on Monday. ...
Aun Pheap
https://www.cambodiadaily.com/news/timber-negotiations-scrapped-seized-wood-divided-117641/
Up to $85M earmarked to develop agro sectors
Representatives of Cambodia’s rice sector and the Ministry of Economy and Finance (MEF) met yesterday with the International Fund for Agricultural Development (IFAD) to discuss the implementation of a five-year program to promote the Kingdom’s agricultural products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/85m-earmarked-develop-agro-sectors
Deadline for railway residents
Banteay Meanchey provincial authorities have warned they will take legal action against those who continue to interfere in railway construction between Phsar Kandal commune and Poipet City by today’s deadline. ...
Pech Sotheary
http://www.khmertimeskh.com/news/28475/deadline-for-railway-residents/
After abandoning auctions, government sells off seized timber
The government sold off more than 10,000 cubic meters of illegally logged wood in direct negotiations with private businessmen over the past two days, according to a Finance Ministry official, after abandoning efforts to auction it off due to a lack of interest. ...
Aun Pheap
https://www.cambodiadaily.com/news/abandoning-auctions-government-sells-off-seized-timber-116575/
Auctions called off for most of seized timber
The government has given up on trying to auction off the majority of 71,000 cubic meters of illegally logged timber seized by authorities earlier this year amid a persistent lack of interest from potential buyers. រដ្ឋាភិបាលបានបញ្ឈប់ការព្យាយាមលក់ដេញថ្លៃចំពោះឈើភាគច្រើននៃចំនួនសរុប ៧១ ០០០ ម៉ែត្រគូប ដែលបានមកពីការរឹបអូសដោយអាជ្ញាធរកាលពីដើមឆ្នាំនេះ ខណៈពេលដែលមានកង្វះខាតនៃចំណាប់អារម្មណ៍ពីអ្នកទិញ។ ...
Aun Pheap
https://www.cambodiadaily.com/news/auctions-called-off-for-most-of-seized-timber-116042/
Profit-tax revenue leads first half surge
Cambodia’s tax department collected $829 million in tax revenue during the first half of the year, 18 per cent more than during the same period a year earlier, led by surge in profit-tax revenue, according to government data released late on Tuesday. ...
Amid lack of interest, more wood auctions called off
The Finance Ministry has rescheduled a trio of timber auctions that had been set to start today after a continued lack of interest from buyers, although bidding for a lot in Stung Treng province will go ahead on Wednesday as planned. ...
Aun Pheap
https://www.cambodiadaily.com/news/amid-lack-of-interest-more-wood-auctions-called-off-115335/
PM: no customs privatization
In his speech to commemorate the 65th anniversary of the Customs and Excise Department, he said the proposal to privatize the collection of customs and excise duties was politically motivated to put pressure on the government. ...
Chea vannak
http://www.khmertimeskh.com/news/26679/pm--no-customs-privatization/
New restrictions aim to curb rice imports
The Ministry of Economy and Finance announced on Monday that the government will block all illegal rice imports at its borders and limit legal rice shipments from Vietnam based on production cost. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/new-restrictions-aim-curb-rice-imports
Government wage hikes depend on cost cutting
Slashing unnecessary spending by ministries will allow the government to guarantee a monthly minimum wage of $250 for civil servants in time for the 2018 national election, a secretary of state at the Finance Ministry said on Tuesday. ...
Kang Sothear
http://www.cambodiadaily.com/news/government-wage-hikes-depend-on-cost-cutting-114142/
Tax collection goes up by 21.6 percent
The government’s tax revenue collection rose to about 21.6 percent in the first five months of this year, compared with the same period last year, with some $708.2 million filling state coffers, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...
Sok Chan
http://www.khmertimeskh.com/news/26024/tax-collection-goes-up-by-21-6-percent/
Value of dam-affected homes being assessed
Officials have started to assess properties in Oddar Meanchey that will be flooded by an under construction dam, though the affected villagers remain in the dark about possible compensation. ...
Phak Seangly
http://www.phnompenhpost.com/national/value-dam-affected-homes-being-assessed
Logs to be sold, names released
The Ministry of Economy and Finance has announced the date of the auction for timber confiscated from logging companies by the National Anti-Deforestation Committee (NADC) earlier this year, inadvertently releasing the official names of seven previously unknown companies caught housing illegally logged wood. ...
May Titthara
http://www.khmertimeskh.com/news/25830/logs-to-be-sold--names-released/
Banks, MFIs urged to support SMEs
Banks and financial institutions are urged to provide more support to small and medium enterprises (SMEs), especially those owned by women, as access to capital remains a major obstacle for their growth. ...
Chea Vannak
http://www.khmertimeskh.com/news/25720/banks--mfis-urged-to-support-smes/
UN helps ministries budget for climate change
As Cambodia continues its battle against raging thunderstorms and stifling droughts, officials from a variety of ministries attended a three-day workshop last week on how to incorporate the wide-ranging effects of climate change into the national and provincial budgeting process. ...
Jonathan Greig
http://www.khmertimeskh.com/news/25133/un-helps-ministries-budget-for-climate-change/
MEF and USAID launch transparency initiative
USAID and the US Treasury Office of Technical Assistance (OTA) have launched a joint initiative with the Ministry of Economy and Finance (MEF) to improve fiscal transparency and accountability in the management of public finances, according to a press release issued yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/mef-and-usaid-launch-transparency-initiative
Cambodia hosting valuers congress
Cambodia is hosting the two-day 19th ASEAN Valuers Association (AVA) Congress, the first time it has been held in the Kingdom. ...
Sum Manet
http://www.khmertimeskh.com/news/24665/cambodia-hosting-valuers-congress/
Customs revenue up by 30 pct in first quarter
Revenue from customs duties and excise tax grew by around 30 per cent to $472 million during the first quarter of the year ...
Post Staff
http://www.phnompenhpost.com/business/customs-revenue-30-pct-first-quarter
Finance Ministry Denies Sovereign Bond Reports
The Ministry of Economy and Finance (MEF) has denied media reports the government will issue dollar-denominated sovereign bonds using Bangkok-based Twin Pine Consulting as advisers to raise more money and reduce reliance on foreign loans. ...
May Kunmakara
http://www.khmertimeskh.com/news/23913/finance-ministry-denies-sovereign-bond-reports/