Government
Fiscal revenue growth revised down
The Cambodian government has revised its target for year-on-year fiscal revenue growth to 0.3 percent of gross domestic product (GDP), down from the planned 0.5 percent increases as outlined in the original Revenue Mobilisation Strategy 2019-2023. ...
Harrison White
https://www.khmertimeskh.com/50777271/fiscal-revenue-growth-revised-down/
2021 draft budget sees a half billion reduction
The Royal Government of Cambodia, through the Council of Ministers, has approved a draft annual budget of approximately $7.62 billion for the year 2021. The approval was made during a cabinet meeting held last Friday, chaired by Prime Minister Hun Sen. ...
Harrison White
https://www.khmertimeskh.com/50776654/2021-draft-budget-sees-a-half-billion-reduction/
Cambodia continues to draw FDI despite loss of EBA with another four investment projects worth $37.6 million
The Council for the Development of Cambodia (CDC) has given the green light to four more investment projects with a total investment capital of $37.6 million. According to the council’s press release issued Friday, the projects newly approved are expected to create some 6,338 jobs ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50776597/cambodia-continues-to-draw-fdi-despite-loss-of-eba-with-another-four-investment-projects-worth-37-6-million/
Minister reassures Cambodia’s response to COVID-19 fallouts
Vongsey Vissoth has reiterated the Royal Government of Cambodia’s promising response to the fallouts of the COVID-19. National budget has been reprioritised to allocate about $1 billion to address the emergency areas. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50776547/minister-reassures-cambodias-response-to-covid-19-fallouts/
Government to increase cash for Labour to $160 million
The Royal Government has decided to increase the budget for Cash for Labour from $100 million to $160 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/50776562/government-to-increase-cash-for-labour-to-160-million/
Government allocates over $31 million more for IDPoor scheme
The government has deposited more than $31 million to Wing agents nationwide to provide for the third round of payments for the IDPoor equity card scheme, set to benefit nearly 700,000 poor and vulnerable families, equivalent to 2.8 million people. ...
https://www.khmertimeskh.com/50776774/government-allocates-over-31-million-more-for-idpoor-scheme/
https://www.khmertimeskh.com/50776774/government-allocates-over-31-million-more-for-idpoor-scheme/
Free-trade deals ‘not necessarily good’
Having more free trade agreements with partner countries is a good deal for Cambodia that currently gets its biggest advantage from trade preferences under its Least Developed Country status. ...
Sorn Sarath
https://www.khmertimeskh.com/50776237/free-trade-deals-not-necessarily-good/
Capital gains tax delayed to 2022
The government has decided to delay the implementation of capital gains tax to Jan 1, 2022, according to a statement from the General Department of Taxation (GDT). ...
Sok Chan
https://www.khmertimeskh.com/50776024/capital-gains-tax-delayed-to-2022/
Kingdom signs deal with US on patents
Cambodia and the US have signed a memorandum of understanding (MoU) on patent cooperation, the move that will accelerate the bilateral trade between the two countries, according to the Ministry of Industry, Science, Technology and Innovation (MISTI). ...
Sorn Sarath
https://www.khmertimeskh.com/50776238/kingdom-signs-deal-with-us-on-patents/
More than 250,000 new voters registered
The National Election Committee (NEC) has seen an increase in new voters registering this year in comparison to last year. ...
Ry Sochan
https://www.khmertimeskh.com/50774600/more-than-250000-new-voters-registered/
NBC auctions $50 million
The National Bank of Cambodia (NBC) has announced a $50 million auction this week to stabilise the local currency exchange rate in the market. The NBC has informed banks, microfinance institutions (MFIs) and licensed money exchangers that the minimum rate for auction will be announced ...
Sorn Sarath
https://www.khmertimeskh.com/50775257/nbc-auctions-50-million/
Speculation fears over location of new ring road
The Ministry of Public Works and Transport (MPWT) held consultations to decide the location of National Ring Road 4 around Phnom Penh. Once complete, it is expected to ease traffic and freight transportation. But the location of the project is being kept under wraps to ...
Jason Boken
https://www.khmertimeskh.com/50775152/speculation-fears-over-location-of-new-ring-road/
Ministry speeding up draft port law
The Ministry of Public Works and Transport has convened a meeting to discuss the speeding up of the draft port law. The law is expected to play a crucial role in management and development of port, promotion of national and international trade, order maintenance, facilitation ...
Lim Nary/AKP
https://www.khmertimeskh.com/50773840/ministry-speeding-up-draft-port-law/
Frog farming encouraged as market demand rising
Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, has encouraged farmers to consider raising frogs as the market demand for the baby frogs is increasing. ...
Lim Nary – AKP
https://www.khmertimeskh.com/50773462/frog-farming-encouraged-as-market-demand-rising/
More positive outlook for Kingdom’s economy
Global financial institutions have provided a more positive outlook for Cambodia’s economic outlook because the country has been far less affected by COVID-19 than others. Cambodia’s Ministry of Economy and Finance (MEF) claimed that the prediction is based at least in part on the government’s ...
Sorn Sarath
https://www.khmertimeskh.com/50773770/more-positive-outlook-for-kingdoms-economy/
Roadmap to restore tourism discussed
The Ministry of Tourism and the private sector have discussed a nearly 200-page draft roadmap to restore the tourism sector during and after the COVID-19 crisis for the period 2020-2025. ...
Sorn Sarath
https://www.khmertimeskh.com/50773942/roadmap-to-restore-tourism-discussed/
New draft law on investment mulled
The government is sending a new draft law on investment to the private sector to discuss ways to make it more comprehensive and help Cambodia become an attractive destination for new investment and to improve the investment environment in the country. ...
Sok Chan
https://www.khmertimeskh.com/50773944/new-draft-law-on-investment-mulled/
Russia pledges to boost trade ties with Cambodia, to consider debt relief
Newly appointed Ambassador of Russia to Cambodia Anatoly Borovik has pledged to further boost the trade relations and investment between the two countries, which are currently at a low level. ...
Khmer Times Staff
https://www.khmertimeskh.com/50773458/russia-pledges-to-boost-trade-ties-with-cambodia-to-consider-debt-relief/
Flood instructions issued for schools to bolster safety
The Ministry of Education, Youth and Sport on Wednesday issued guidelines for schools to lessen the impact of flood damage. Minister Hang Chuon Naron said the recent flash floods have affected school buildings, study materials and equipment. ...
Mom Kunthear
https://www.phnompenhpost.com/national/flood-instructions-issued-schools-bolster-safety
Floods force road closures,13 dead
After inspecting heavily flooded roads in the country, the Ministry of Public Works and Transport urged specialists in Phnom Penh and the provinces to ban traffic on the most-affected roads to reduce safety risks to citizens and prevent damage to property. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/floods-force-road-closures13-dead
Gov’t finds 145 cases of fake news last month
The Fake News Monitoring Committee of the Ministry of Information found 145 cases of fake news, incitement, social pollution and insults against the Kingdom’s senior leadership on social media in September. ...
Voun Dara
https://www.phnompenhpost.com/national/govt-finds-145-cases-fake-news-last-month
Gov’t acknowledges 12 quality child care centres
Nine organisations on Tuesday received certificates of acknowledgement for their child care centres from the Ministry of Social Affairs, Veterans and Youth Rehabilitation following ministerial evaluation at the centres. The organisations run 12 child care centres. ...
Mom Kunthear
https://www.phnompenhpost.com/national/govt-acknowledges-12-quality-child-care-centres
EUROCHAM urged to attract more investors
Labor Minister Ith Samheng yesterday asked the European Chamber of Commerce in Cambodia (EUROCHAM) president Tassilo Brinzer to help attract more investors to Cambodia. ...
Sen David
https://www.khmertimeskh.com/50773408/eurocham-urged-to-attract-more-investors/
Tax collection ‘strong’
The government’s tax collection remains strong even during the COVID-19 pandemic, reaching more than $2.25 billion in the first nine months of this year, according to a report by the General Department of Taxation (GDT). ...
Sorn Sarath
https://www.khmertimeskh.com/50772989/tax-collection-strong/