Government

National government

Tax inspections on vehicles to begin in early February

Tax officials in collaboration with sub-national authorities will begin tax inspections on all means of transportation and vehicles for 2020 throughout the country by early next month. ...

Mom Kunthear
https://www.phnompenhpost.com/national/tax-inspections-vehicles-begin-early-february

NBC governor wins award

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. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-governor-wins-award

Two power plants in Kandal start their engines

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. ...

Chea Vanyuth
https://www.khmertimeskh.com/50803643/two-power-plants-in-kandal-start-their-engines/

Ministry of Commerce signs two development MoUs

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. ...

Jason Boken
https://www.khmertimeskh.com/50803679/ministry-of-commerce-signs-two-development-mous/

Tax collection near $3B in 2020

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. ...

Hin Pisei
https://www.phnompenhpost.com/business/tax-collection-near-3b-2020

Domestic vegetable production increases in 2020

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. ...

Chea Vanyuth
https://www.khmertimeskh.com/50803232/domestic-vegetable-production-increases-in-2020/

Firm wins rights to ticket sales at Kirirom, Prek Toal

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 ...

Thou Vireak
https://www.phnompenhpost.com/business/firm-wins-rights-ticket-sales-kirirom-prek-toal

Ministry mulls ASEAN+3 travel bubble

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 ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-asean3-travel-bubble

Rural electrification aims to be complete by 2023

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 ...

Sok Chan
https://www.khmertimeskh.com/50802348/rural-electrification-aims-to-be-complete-by-2023/

Applause after non-bank finance regulator minted

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. ...

May Kunmakara
https://www.phnompenhpost.com/business/applause-after-non-bank-finance-regulator-minted

Ministry, Japan agri-firm ink MoU

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 ...

Thou Vireak
https://www.phnompenhpost.com/business/ministry-japan-agri-firm-ink-mou

In-principle nod given to securities companies in Kingdom

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 ...

Thou Vireak
https://www.phnompenhpost.com/business/principle-nod-given-securities-companies-kingdom

Chilli exports ratchet up a red-hot 27% in spicy 2020

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 ...

Hin Pisei
https://www.phnompenhpost.com/business/chilli-exports-ratchet-red-hot-27-spicy-2020

Sand mining contracts cause serious concerns

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. ...

Jason Boken
https://www.khmertimeskh.com/50801310/sand-mining-contracts-cause-serious-concerns/

Sunny future predicted for photovoltaics

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 ...

Sok Chan
https://www.khmertimeskh.com/50801824/sunny-future-predicted-for-photovoltaics/

NBC outlines 2021 risks for personal debt growth

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. ...

Sok Chan
https://www.khmertimeskh.com/50799995/nbc-outlines-2021-risks-for-personal-debt-growth/

NBC: 4% economic growth in 2021

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 ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-4-economic-growth-2021

Approval in principle for new airport

The government has approved in principle the construction of a new domestic airport in Mondulkiri province under a public-private partnership (PPP). The approval was signed by the Council of Ministers’ Permanent Secretary of State Hing Thoraxy on New Year’s Eve. ...

Sok Chan
https://www.khmertimeskh.com/50800187/approval-in-principle-for-new-airport/

Cambodian milled rice exports reached $538 million in 2020

Veng Sakhon, Minister of Agriculture, Forestry and Fisheries, has announced the Kingdom’s rice paddy production and milled rice export totals for 2020. The minister revealed that of the nation’s approximate 3.4 million hectares of paddy fields, more than 3.26 million hectares were in harvest, yielding ...

Sok Chan
https://www.khmertimeskh.com/50800218/cambodian-milled-rice-exports-reached-538-million-in-2020/

Crab banks buoy marine fisheries yields

Provincial fisheries officials have said the development of crab banks in community fisheries has gradually boosted marine crab output. Crab banks are where pregnant crabs are stored until their attached eggs hatch. Members of fisheries communities who catch pregnant crabs are obliged to sell them ...

Thou Vireak
https://www.phnompenhpost.com/business/crab-banks-buoy-marine-fisheries-yields

Ministry to spend $500M on 5-year vocational master plan

Ministry of Labour and Vocational Training will spend nearly $500 million to accomplish a five-year master plan in improving Technical and Vocational Education and Training (2021-2025) by focusing on four strategies. ...

Niem Chheng
https://www.phnompenhpost.com/national/ministry-spend-500m-5-year-vocational-master-plan

$500K investment for SMEs to improve e-commerce

A $500,000 investment will go towards 125 small and medium sized businesses set to gain grants and training in online commerce according to a joint press release by the Ministry of Commerce of the Kingdom of Cambodia, the Enhanced Integrated Framework (EIF) and the UN ...

Khmer Times Staff
https://www.khmertimeskh.com/50798664/500k-investment-for-smes-to-improve-e-commerce/

Ministries to establish more medical facilities in Kingdom

The ministries of Health and Interior have plans in the works to establish nearly 30 new medical facilities in underserved provinces, including health centres, health posts and referral hospitals. ...

Long Kimmarita
https://www.phnompenhpost.com/national/ministries-establish-more-medical-facilities-kingdom

$400m investment inked for another hydro project

SINOMACH China Heavy Machinery Co Ltd, the Ministry of Energy and Mines of Cambodia and the Cambodian National Electric Power Co formally signed an implementation agreement, lease agreement and power purchase agreement for the build-operate-transfer (BOT) investment project of the Shangddai Hydropower Station to utilise ...

Khmer Times Staff
https://www.khmertimeskh.com/50799201/400m-investment-inked-for-another-hydro-project/

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