Ministry of Economy and Finance

The Ministry of Information last week warned media organizations not to publish or broadcast advertisements from gambling outlets unless they have permission from the government to do so, according to a ministry notice obtained Tuesday. “The ministry previously advised [media outlets] to stop all types ...

The Friday arrest of a local businesswoman who holds the municipal contract to collect parking and stall fees from markets citywide on breach of trust charges came as no surprise to many vendors, aggrieved by what they say are her unfair business practices. Cheav Vibol, deputy ...

Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...

In the predawn hours of May 6, a flatbed truck packed with lengths of illegally logged timber sped past a checkpoint in Ratanakkiri province, knocking aside a police car and racing off. Police later tracked down the truck to a house in Banlung City. In the ...

Although foreigners have long paid a fee to enter Phnom Penh’s Tuol Sleng Genocide Museum, the Ministry of Culture and Fine Arts has announced that the days of apparently free entry to the notorious Khmer Rouge prison are finished and the charge will now be ...

The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...

The Cambodian government is drafting a series of changes to the Kingdom’s gaming laws in a bid to draw major players from Macau and the US to the market and potentially create a new tax base from the growing, if currently illegal, online betting industry, ...

After a five-month IPO process steeped in anticipation, Grand Twins International ended its first day on the Cambodia Securities Exchange (CSX) with results many observers found disappointing. GTI shares opened yesterday’s session at 9,700 riel ($2.41), with a ceremonial bell ringing at the CSX’s head office. ...

In a government directive signed by Prime Minister Hun Sen on Thursday, provincial staff were ordered to submit their lists of military and civil service pensioners to the ministries of Finance and Social Affairs by the second week of each month to ensure timely delivery ...

The number of Thai visitors crossing the border to place bets at Cambodian casinos has fallen since that country’s military staged a coup late last month. Kim Ledaro, managing director of Crown Resorts Co, which operates three Crown-branded casino resorts in Bantey Meanchey province’s Poipet town, ...

The Council of Ministers last week approved a raft of changes to the country’s insurance laws, a move that industry insiders hope will better reflect the sector’s current state. The draft law, which was prepared by the Ministry of Economy and Finance, has an additional 14 ...

The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...

Two men died and another was seriously injured in a hit-and-run accident on Friday night in Phnom Penh when a Range Rover plowed into a motorbike in Toek Thla commune, police said Sunday, add­ing to a recent spate of fatal—and of­ten high-profile—hit-and-runs. Thang Ratha, 23, died ...

A car belonging to Ly Thida, the director of the Kompong Cham provincial department of economy and finance, was involved in a fatal hit-and-run collision Thursday in the province’s Choeung Prey district, a police official said. District deputy police chief Cheang Se said two people were ...

Government spending increased 32 per cent last year, while increases in both domestic revenue and foreign aid helped stabilise Cambodia’s budget deficit, according to budget statements from the Ministry of Economy and Finance (MEF). The consolidated financial records, which were released on May 8, show Cambodia’s ...

The National Assembly approved changes to the country’s customs law yesterday, in order to comply with Association of Southeast Asian Nations intergration standards. The changes demand border operations increase human resources, reduce paperwork and modernise procedures in order to simplify border exchange and facilitate trade between ...

The head of a construction company working to upgrade Phnom Penh’s dusty, potholed Veng Sreng Street said Thursday that the project would take twice as long to complete as expected. In November, Phnom Penh governor Pa Socheatvong announced that a 6.5 km strip of the road—which ...

The Ministry of Economy and Finance on Monday announced the release of standardised bidding forms for public contracts, a measure it said would increase transparency and accountability, though the opposition and Transparency International Cambodia offered more cautious assessments yesterday. According to a state media announcement, the ...

Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...

Russia invites some Ministers of Cambodia to visit Russia to sign Memorandum of Understanding on bilateral consultation between the two countries, a government official said. The invitation was made during a meeting Monday between Cambodia’s Foreign Minister Hor Namhong and Dmitry Tsvetkov, new Russian Ambassador to ...

Singapore’s Nanyang Technological University (NTU) and Temasek Foundation are launching a new training programme to train senior Cambodian government officials in public administration and governance. ...

Tourist buses and commercial vehicle operators crossing over the Cambodia-Vietnam border will soon be required by law to have insurance in both countries or risk being denied entry, a bilateral agreement signed on Tuesday states. In an effort to meet requirements stipulated in the ASEAN 2015 ...

The Phnom Penh Water Supply Authority (PPWSA) will invest $1.3 million in a water treatment plant in Kep province to supply clean water to more than 1,000 households there, the company’s head said last week. Speaking at the announcement of PPWSA’s 2013 results in Phnom Penh ...

Taxpayers are now able to pay their dues at Acleda Bank as the government seeks to outsource its tax revenue collection to the private sector, the head of Cambodia’s largest bank said yesterday. In Channy, president and CEO of Acleda bank, told the Post that the ...