Ministries and other national bodies
Ministry of Economy and Finance
New online taxation system makes its debut
All tax registration and payments by companies has been centralized and the process streamlined this week by the General Department of Taxation (GDT), which also unveiled an online registration and payment system for companies here. ...
Sok Chan
http://www.khmertimeskh.com/news/16626/new-online-taxation-system-makes-its-debut/
Meeting on gas prices postponed again
The planned meeting of representatives from eight leading gas-station chains and government officials to discuss a formula for setting a range for retail gasoline prices was postponed yesterday until tomorrow, officials at the Commerce Ministry said. ...
Sum Manet
http://www.khmertimeskh.com/news/16570/meeting-on-gas-prices-postponed-again/
Credit Bureau targets students with workshops
Hoping to increase university students’ knowledge of Cambodia’s credit reporting system, the Credit Bureau of Cambodia (CBC) on Tuesday launched a series of workshops in Phnom Penh aimed at boosting financial literacy. ...
Kang Sothear
https://www.cambodiadaily.com/business/credit-bureau-targets-students-with-workshops-95981/
PM calls for gasoline price cuts
Prime Minister Hun Sen called for all gasoline local companies to cut their prices in line with falling world prices for oil. ...
Ven Rathavong
http://www.khmertimeskh.com/news/16041/pm-calls-for-gasoline-price-cuts/
Cambodia still near bottom of laundering index
Cambodia is still among the 10 most at-risk countries in the world for money laundering and terrorist financing, despite being one of two countries that saw the greatest improvements, according to an annual global index released Tuesday. ...
Chris Mueller and Aun Chhengpor
https://www.cambodiadaily.com/news/cambodia-still-near-bottom-of-laundering-index-92093/
Cambodia still near bottom of laundering index
Cambodia is still among the 10 most at-risk countries in the world for money laundering and terrorist financing, despite being one of two countries that saw the greatest improvements, according to an annual global index released Tuesday. ...
Chris Mueller and Aun Chhengpor
https://www.cambodiadaily.com/news/cambodia-still-near-bottom-of-laundering-index-92093/
Gaming tax revenue up 20% in first 6 months
Gaming tax revenue reached $12 million in the first six months of the year, a 20 percent increase over the first half of 2014, due to a greater number of Thai nationals crossing into Cambodia to gamble, a Finance Ministry official said Wednesday. ...
Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/business/gaming-tax-revenue-up-20-in-first-6-months-88562/
Law on accounting and audits approved by cabinet
The Cabinet approved a Law on Accounting and Audits at a meeting Friday morning. ...
Ven Rathavong and Muny Sithyna
http://www.khmertimeskh.com/news/13103/law-on-accounting-and-audits-approved-by-cabinet/
Cambodia's tax revenue up 38.5 pct in first half of 2015
The Cambodia’s General Department of Taxation (GDT) reported Monday that it collected 707 million U.S. dollars in taxes during the first six months of this year, up 38.5 percent over the same period last year. ...
Xinhua team
http://www.khmertimeskh.com/news/12961/cambodia-s-tax-revenue-up-38-5-pct-in-first-half-of-2015/
Assembly passes part of 2013 budget despite opposition
Sixty-seven CPP lawmakers on Monday approved the government’s revenues and expenditures from 2013 despite the protest of 43 opposition CNRP lawmakers, who said reported revenues were inordinately low and called on the government to carry out a transparent audit. ...
Kang Sothear
https://www.cambodiadaily.com/news/assembly-passes-2013-budget-despite-opposition-of-cnrp-86896/
Gov’t, European union agree to first phase of deal for evictees
The European Union says the Cambodian government has agreed to the first part of a comprehensive plan they have been wrangling over for more than a year to properly compensate thousands of families that have lost land to sugarcane plantations. ...
Zsombor Peter
https://www.cambodiadaily.com/news/govt-european-union-agree-to-first-phase-of-deal-for-evictees-85901/
Thailand and Cambodia under talk on avoidance of double taxation for their investors, Thai Ambassador says
Thailand and Cambodia are negotiating on the avoidance of double taxation for investors from each other’s side. Thai Ambassador to Phnom Penh Nuttavudh Photisaro told Radio Thailand reporters that if the negotiation is successful, it will save both Thai and Cambodian investors from paying taxes twice. ...
NNT News Staff
http://thainews.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNECO5806160010001
Cambodia to commence talks over 2016 wage hike for garment sector next month
Cambodia will begin to discuss the annual increase of monthly minimum wage for the garment and footwear industry for 2016 in July, according to a Labor Ministry’ s statement issued late Friday. ...
Xinhua team
http://www.khmertimeskh.com/news/12240/cambodia-to-commence-talks-over-2016-wage-hike-for-garment-sector-next-month/
Finance ministry sets forth rough plans for 2016 budget
The Ministry of Finance unveiled its strategic plan for next year’s budget during a forum Tuesday at the ministry in Phnom Penh, placing a focus on increasing state revenue, ramping up industrial productivity and spreading the benefits of economic expansion. ...
Kang Sothear
https://www.cambodiadaily.com/news/finance-ministry-sets-forth-rough-plans-for-2016-budget-81622/
Interior ministry publicizes official price list to combat bribery
The ministers of interior and finance last month signed off on a document announcing official prices for basic government services such as the production of ID cards and passports in order to combat irregular fee collection, according to a copy of the document released Saturday. ...
Aun Pheap
https://www.cambodiadaily.com/news/interior-ministry-publicizes-official-price-list-to-combat-bribery-81443/
Prime Minister announces hefty raises for ruling party staffers
Prime Minister Hun Sen on Wednesday called on his ruling party to give its staffers a base salary on par with the country’s lowest paid teachers plus 30 percent, roughly matching the raises teachers, nurses, police and soldiers will be seeing this year. ...
Hul Reaksmey
https://www.cambodiadaily.com/news/prime-minister-announces-hefty-raises-for-ruling-party-staffers-80745/
Cambodia's tax revenues from casinos up 12 pct last year
Cambodia earned tax revenue of over 25 million U.S. dollars from casino industry in 2014, up 12 percent year-on-year, a local Cambodian Television Network (CTN) reported Monday, citing a senior finance official. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodias-tax-revenues-from-casinos-up-12-pct-last-year-8349
Customs official’s son involved in club shooting
The son of a high-ranking customs official was involved in a shooting incident at the Rock nightclub in Phnom Penh’s Chamkar Mon district early Sunday morning that left one man injured, according to police. ...
Saing Soenthrith
https://www.cambodiadaily.com/news/customs-officials-son-involved-in-club-shooting-79842/
Teachers push ministry over nixed scholarship
More than 400 teachers who took part in an eight-month teaching course at the National Institute of Education (NIE) are demanding the government pay them scholarship funds that were initially promised only to be later axed over cost concerns. In a petition sent yesterday to the ...
Sen David and Sarah Taguiam
http://www.phnompenhpost.com/teachers-push-ministry-over-nixed-scholarship
Unofficial lenders flock to the NBC seeking to be registered
More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials ...
Chan Muyhong
http://www.phnompenhpost.com/unofficial-lenders-flock-nbc-seeking-be-registered
Unofficial lenders flock to the NBC seeking to be registered
More than 100 unofficial lenders have flooded into the National Bank of Cambodia seeking formal registration after the authorities announced a crackdown earlier this month on unrecognised operators. In a joint declaration from the Ministry of Economy and Finance and the NBC on February 2, officials ...
Chan Muyhong
http://www.phnompenhpost.com/unofficial-lenders-flock-nbc-seeking-be-registered
Cambodia launches code of banking practices
The National Bank of Cambodia ( NBC), which is the regulator of the banking and finance industry, promulgated the Code of Banking Practices on Monday with an aim of further building confidence of the public in the industry, officials said. The sector had received a ...
Shanghai Daily News Staff
http://shanghaidaily.com/article/article_xinhua.aspx?id=268881
Unlicensed lenders called out
Officials have released a public statement warning against a rise in unlicensed lenders they say are dangerously operating outside of Cambodian regulations and threatening financial stability. In a joint declaration from the Ministry of Economy and Finance and the National Bank of Cambodia on Monday, authorities ...
Hor Kimsay
http://www.phnompenhpost.com/business/unlicensed-lenders-called-out
Salary cut off for absenteeism
One month after the government announced a systemic crackdown on ghost workers, the Ministry of Education suspended a Sihanoukville administrator for alleged absenteeism, according to a copy of the disciplinary letter. Minister of Education Hang Chuon Naron said the suspension was decided on following complaints ...
Chhay Channyda
http://www.phnompenhpost.com/national/salary-cut-absenteeism