Government

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. ...

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. ...

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. ...

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. ...

The Kingdom is set to host a consultative meeting with EU representatives and partners based in the country next month and prepare a 2021-2027 joint development cooperation plan that centres on market diversification, according to the Council for the Development of Cambodia (CDC). ...

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. ...

The Anti-Corruption Unit (ACU) said it had received nearly 20,000 declarations of assets and liabilities from officials across all ministries and provincial administrations in a period of just 10 days, from January 1 to 10. ...

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 ...

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 ...

Since 1994, Australia has contributed more than AUD100 million to demining activities in Cambodia, according to the Embassy of Australia in Phnom Penh. ...

An inter-ministerial meeting chaired by Minister of Interior Sar Kheng on January 8 revised the framework of the so-called safe village-commune policy and renamed it the safe village-commune-district policy. ...

The government has announced it will make good use of future “oil money” by directing some of it to the promotion of digital education designed to meet the domestic demand for technical and skilled personnel. ...

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 ...

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. ...

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 ...

The Securities and Exchange Commission of Cambodia (SECC) on January 5 approved in principle a handful of applications for licences. In a press release on the minutes of an SECC meeting led by chairman and Minister of Economy and Finance Aun Pornmoniroth, the securities regulator ...

The double tax avoidance agreement (DTA) between Cambodia and Malaysia came into effect on January 1, ushering in optimism and hope in the private sector that bilateral investment will garner steam. Royal Code NS/RKM/1120/023, dated November 14, 2020, promulgated the “Law on the Approval of ...

The government’s policy to boost productivity performance in the agricultural sector has lit a fire under the Kingdom’s exports, with shipments of fresh chilli flaring up 27.08 per cent from 55,513 tonnes in 2019 to 70,546 tonnes in a spicy 2020, according to Minister of ...

The Ministry of Mines and Energy has called for bids for sand mining licences across 2,000 hectares in Koh Kong and Preah Sihanouk provinces. Sand mining is conducted mainly at open pits, beaches, inland dunes or from the dredging of ocean and river beds. ...

The United Nations Development Programme (UNDP) Cambodia’s resident representative, Nick Beresford, said yesterday solar technology is moving fast, is far cheaper than carbon-based energy and provides clean electricity. He said the UNDP is working with the Ministry of Mines and Energy on projects to ensure ...

The National Bank of Cambodia (NBC) said declines in personal income and savings in 2020 pose the primary risk for a potential increase in personal debt in the Kingdom in 2021, according to its Macroeconomic and Banking Sector Update 2020 report. ...

The list of registered voters must be distributed to all political parties, irrespective of whether they are recognised or not, as it a mandatory requirement for them to check it during an election.   ...

The Cambodian Rehabilitation and Development Board of the Council for the Development of Cambodia (CRDB/CDC) and Thailand International Cooperation Agency (TICA) have pledged to further enhance cooperation on trade and investment. ...

The National Bank of Cambodia (NBC) on December 31 forecast that the Kingdom’s economic growth will return to four percent growth this year if Covid-19 vaccines can successfully curtail the spread in the first half. The central bank’s forecast published in its Macroeconomic and Banking ...