Ministries and other national bodies
Ministry of Economy and Finance
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/
Cambodia’s 2022 GDP expected to grow 5.6%, says Finance Ministry
Cambodia’s economy in 2022 is projected to grow at around 5.6 percent and gradually reach potential growth in the medium term, supported by global demand and a gradual recovery in investment confidence. ...
Chea Vanyuth
https://www.khmertimeskh.com/501014569/cambodias-2022-gdp-expected-to-grow-5-6-says-finance-ministry/
Japan pledges $117 million in support of COVID-19 Crisis Response Emergency Support Loan
Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance on Monday held talks with Japanese Ambassador to Cambodia MIKAMI Masahiro. ...
Khmer Times Staff
https://www.khmertimeskh.com/50980305/japan-pledges-117-million-in-support-of-covid-19-crisis-response-emergency-support-loan/
Khmer Enterprise and CMA enter into partnership to boosting access to financial service for SMEs
Khmer Enterprise (KE), a unit under the Ministry of Economy and Finance and the Cambodia Microfinance Association has entered into a cooperation agreement on promoting access to finance for entrepreneurs and SMEs in the ecosystem of Cambodia. ...
Name and shame for tax payment defaulters
The General Department of Taxation of the Ministry of Economy and Finance yesterday re-announced the invitation to all enterprises to come forward and pay their tax debts. ...
Khmer Times Staff
https://www.khmertimeskh.com/50975671/name-and-shame-for-tax-payment-defaulters/
Nearly 3,000 construction projects approved in first eight months of the year
The Ministry of Land Management, Urban Planning, and Construction approved a total of 2,901 construction proposals in the first eight months this year, a year-on-year decrease of 13 percent. ...
Chea Vanyuth
https://www.khmertimeskh.com/50947979/nearly-3000-construction-projects-approved-in-first-eight-months-of-the-year/
Phase two of online business registration to be launched
The Business Registration System on Information Technology Platform (OBR) Phase 2 will be launched on Sept 1 and will expand its services to many sectors. ...
Chea Vanyuth
https://www.khmertimeskh.com/50923155/phase-two-of-online-business-registration-to-be-launched/
Cambodia to change to electronic system to manage National Budget
Cambodia’s commitment to reform public financial management through a financial management information system (FMIS) is on the right track. ...
Sar Socheath
https://www.khmertimeskh.com/50922444/cambodia-to-change-to-electronic-system-to-manage-national-budget/
Road tax can now be paid through GDT app
Vehicle owners can now pay road tax on their mobile devices through the GDT Taxpayer App, after the latest update, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT) on July 30. ...
Thou Vireak
https://phnompenhpost.com/business/road-tax-can-now-be-paid-through-gdt-app
Cambodian exports reach $8 billion Jan-June
Cambodia exported $8.201 billion in the first six months of 2021, a 17 percent increase compared to the same period last year, according to a report from the Ministry of Economy and Finance. ...
Chea Vanyuth
https://www.khmertimeskh.com/50896757/cambodian-exports-reach-8-billion-jan-june/
Tax scrutiny ‘not pandemic-related’: Ministry of Economy and Finance collected more than $2.87bn in taxes last year, up 3.73% on 2019
With corporations in Southeast Asia reporting being swept up in tax audits while governments work to increase revenue during the pandemic, there are conflicting views regarding whether Cambodian firms are facing additional scrutiny. ...
Financial leniency urged for buyers of boreys, condos
The government on March 22 issued a plea to developers of borey gated-communities and condominiums in Cambodia to ease some of the financial pressure facing customers to pay monthly installments until the end of March 2022, in light of the Covid-19 pandemic. ...
Hin Pisei
https://www.phnompenhpost.com/business/financial-leniency-urged-buyers-boreys-condos
