Ministries and other national bodies

Ministry of Economy and Finance

The government establishes a Special Tax Audit Unit to help taxpayers

Phnom Penh, Cambodia The Ministry of Economy and Finance has announced the formation of a Special Tax Audit Unit, designed to address taxpayer concerns more efficiently. This new unit, which holds departmental status, will operate under the General Department of Taxation’s jurisdiction. ...

Khmer Times Staff
https://www.khmertimeskh.com/501524123/the-government-establishes-a-special-tax-audit-unit-to-help-taxpayers/

Government reviews S’ville master plan

The Ministry of Economy and Finance (MEF) and the Inter-Ministerial Coordinating Committee (IMCC) Tuesday reviewed the final draft of the master plan to transform Preah Sihanouk province into a massive Multi-Purpose Special Economic Zone (MP-SEZ), before summiting to the Royal Government of Cambodia (RGC) for ...

Nhean Chamrong
https://www.khmertimeskh.com/501521018/government-reviews-sville-master-plan/

IMF trains Cambodian customs officers in investigation techniques

The International Monetary Fund (IMF) has provided investigation training for officers of the General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance. ...

Khmer Times Staff
https://www.khmertimeskh.com/501520510/imf-trains-cambodian-customs-officers-in-investigation-techniques/

MEF bullish on medium-term growth amid diversification

The Cambodian economy is demonstrating signs of a recovery in terms of gross domestic product (GDP) growth in 2024 and the following periods, according to new statistics released by the Ministry of Economy and Finance’s (MEF) General Department of Policy which have predicted the country’s ...

​Jam​e​s ​White​head​
https://www.khmertimeskh.com/501520198/mef-bullish-on-medium-term-growth-amid-diversification/

MEF reviews policies to boost economic productivity

The Ministry of Economy and Finance (MEF) recently organised several meetings and discussions with the public and private institutions to ensure the effective and productive uses of the national budget in line with the economic policies master plan. ...

Nhean Chamrong
https://www.khmertimeskh.com/501517937/mef-reviews-policies-to-boost-economic-productivity/

MEF to step up public financial efficiency

The Ministry of Economy and Finance (MEF) and the development partners recently reviewed the implementation process of the revenue collection strategy along with the non-tax revenue management reform and the state property management policy to strengthen pubic financial efficiency and sustainability. ...

Nhean Chamrong
https://www.khmertimeskh.com/501512178/mef-to-step-up-public-financial-efficiency/

MEF to step up public financial efficiency

The Ministry of Economy and Finance (MEF) and the development partners recently reviewed the implementation process of the revenue collection strategy along with the non-tax revenue management reform and the state property management policy to strengthen pubic financial efficiency and sustainability. ...

Nhean Chamrong
https://www.khmertimeskh.com/501512178/mef-to-step-up-public-financial-efficiency/

Tax incentives offered for expansion of Qualified Investment Projects

In accordance with a recently released legal update from the Ministry of Economy and Finance (MEF), new procedures have been defined to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. ...

James Whitehead
https://www.khmertimeskh.com/501501730/tax-incentives-offered-for-expansion-of-qualified-investment-projects/

MEF discusses budget of Tourism Board

The Ministry of Economy and Finance (MEF) discussed the budget aspect of the Tourism Board on Monday. Seng Meng Hong, Tourism Secretary led the delegation to dwell upon the budget package for the operation of the Board of Study, Marketing and Tourism Promotion of Cambodia. ...

Jigmee Palden Pazo
https://www.khmertimeskh.com/501501020/mef-discusses-budget-of-tourism-board/

14 projects worth $213M approved in Sihanoukville

Another 14 projects worth $213 million received approval in Cambodia’s coastal city Sihanoukville recently which included 10 projects for reviving the construction of stalled buildings under the ‘Special Investment Promotion Program’ for the city, launched by Prime Minister Hun Manet earlier in January. ...

Manoj Mathew
https://www.khmertimeskh.com/501481583/14-projects-worth-213m-approved-in-sihanoukville/

Kingdom hosts int’l forum on climate change

The Ministry of Economy and Finance (MEF) in collaboration with Climate Investment Funds (CIF) and the Asian Development Bank (ADB) is co-hosting a four-day international forum aimed at exchanging experiences to address climate change, sustainable forestry and nature-based solutions in the Asia-Pacific region. ...

Nhean Chamrong
https://www.khmertimeskh.com/501466112/kingdom-hosts-intl-forum-on-climate-change/

Cambodia’s public debt stands at $11.24 billion

Cambodia’s public debt stood at $11.24 billion by the end of last year and the risk from the debt is at a low level, according to a report of the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance last week. ...

Chea Vanyuth
https://www.khmertimeskh.com/501457412/cambodias-public-debt-stands-at-11-24-billion/

Cambodia, UK discuss ways to boost bilateral investment and trade cooperation

Dr. Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, received here on Monday the United Kingdom (UK) Minister for the Indo-Pacific, Rt Hon. Anne-Marie Trevelyan, discussing the bilateral cooperation on investment and trade, and UK backed-Green special economic zone project in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/501451334/cambodia-uk-discuss-ways-to-boost-bilateral-investment-and-trade-cooperation/

Gov’t to issue additional bonds to support investment projects

The Ministry of Economy and Finance has confirmed plans to issue government bonds this year, intending to raise over $100 million to bolster the national budget and support various investment projects. ...

May Kunmakara
https://www.phnompenhpost.com/business/gov-t-to-issue-additional-bonds-to-support-investment-projects

New ruling in place for exports of all minerals

Starting in April, exporters of mineral products will be required to deposit a portion of export royalties, with withdrawal permitted upon fulfilment of all contractual obligations. The Ministry of Economy and Finance, in conjunction with the Ministry of Mines and Energy, issued an inter-ministerial prakas on ...

Hin Pisei
https://www.phnompenhpost.com/business/new-ruling-in-place-for-exports-of-all-minerals

Gov’t peruses documents for receiving Japanese aid

The Ministry of Foreign Affairs and International Cooperation (MFAIC) held talks with a delegation from the Embassy of Japan (EoJ) aimed at exchanging views and methods to accelerate banking document procedures in receiving Japanese grant aid for development projects in the Kingdom. ...

Nhean Chamrong
https://www.khmertimeskh.com/501442506/govt-peruses-documents-for-receiving-japanese-aid/

Cambodia collects nearly $6 billion in taxes in 2023

Cambodia earned $5.9 billion in revenues from all kinds of taxes in 2023, a 3.9 percent decrease compared to $6.14 billion in 2022, as per an official report released on Friday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501442033/cambodia-collects-nearly-6-billion-in-taxes-in-2023/

Gov’t debt reached $10.7 billion in Q3 last year

The Royal Government of Cambodia (RGC) has a total public debt stock of $10.72 billion by the third quarter (Q3) of 2023 of which 99.5 percent is public external debt and the remaining goes to the public domestic debt, said the Ministry of Economy and ...

Nhean Chamrong
https://www.khmertimeskh.com/501428579/govt-debt-reached-10-7-billion-in-q3-last-year/

Surge in industrial sector expected for ‘24

Economists and business leaders anticipate a dynamic 2024 for Cambodia’s industrial sector, with the government expecting it to outpace services and agriculture, driven by a wave of new investment projects. ...

Hin Pisei
https://www.phnompenhpost.com/business/surge-in-industrial-sector-expected-for-24

King promulgates 2024 budget law

King Norodom Sihamoni has issued a Royal Kram promulgating the 2024 Law on Financial Management after the National Assembly (NA) approved it on November 16 and the Senate reviewed it on November 24. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/king-promulgates-2024-budget-law

Cambodia planning $100M in bond issue

The government plans to issue a $100 million sovereign bond in 2024. The move aims to raise additional funds through the capital market to support public investment projects, while also repaying the principal and interest of previous issuances. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-planning-100m-in-bond-issue

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