Ministry of Economy and Finance

The government says that it has been withdrawing $1 billion from its savings to support spending in the fight against COVID-19 and to sustain, boost and restore the economy at a time national revenue is expected to drop from 20 percent to 30 percent, according ...

Having been criticised for its position toward China, the world’s second largest economy, from where most of its foreign debt has come for years, Cambodia is now more likely to change its foreign loan sources to boost economic growth. ...

The Office of the Council of Ministers has approved the draft law on Control, Use and Management of the State Assets, which aims to ensure that state assets are preserved for the common interests of the country and the people. The Ministry of Economy and ...

In the light of COVID-19, however, the sector is estimated to have suffered negative rate growth of 5.3 percent in 2020 and is expected to hit a growth rate of 3.3 per cent next year, according to an updated report by the Ministry of Economy ...

The General Department of Taxation (GDT) has officially now put into operation an electronic filing system for all medium and large taxpayers starting from early this month, according to a senior official of the department. ...

The General Department of Taxation (GDT) has announced that the window for paying vehicle tax will be from next month until November. The deadline for paying not later than Nov 30 or vehicle owners will face a penalty charge. ...

Cambodia’s Ministry of Economy and Finance has granted a business licence to Etiqa Insurance & Takaful, a leading insurance provider in Malaysia, paving the way for the firm to tap into the Kingdom’s nascent insurance market, the company announced. ...

The Ministry of Economy and Finance issued an announcement on the implementation of guidelines on withholding tax for investors in the securities sector to promote the development of stocks in the Kingdom. ...

The government’s new $100 million Small and Medium Enterprise Co-Financing Scheme has yet to approve any applications, receiving only some ínquiries pending approval, according to a bank representative. ...

EU Ambassador to Cambodia Carmen Moreno applauded the country’s efforts to control the Covid-19 crisis and said the EU is transferring a €56 million ($66.7 million) grant to help restore the economy, said a Ministry of Economy and Finance press release. ...

The Ministry of Economy and Finance has created an adhoc working group to manage social support mechanisms to help impoverished people and marginalised groups during the fight against Covid-19. ...

A question and answer session with Deputy Prime Minister and Minister of Economy and Finance Dr Aun Pornmoniroth in conjunction with the 40th anniversary celebrations of the reintroduction of the riel. ...

The Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia. Employers were instructed to deduct employee taxes according to the new rates from February onwards. Taxpayers have to submit the tax declaration by the 20th of ...

The government has announced they have prepared an emergency reserve fund of between $800million and $2billion to aid the Kingdom’s economic recovery in the wake of the COVID-19 outbreak. ...

The Finance Ministry today reported the government has accumulated approximately $400 million in savings to be used during COVID-19 emergency cases in the Kingdom. ...

Despite no new cases of COVID-19 reported in Cambodia since January, the government is planning new measures to tackle the financial effect the virus continues to have on the country.   ...

The Cambodian government has pushed the implementation of separated border crossings and single window service checkpoints along the Thai and Vietnamese border checkpoints to better facilitate cross-border transportation, according to the Ministry of Economy and Finance. ...

The government hit a 20-year record in fiscal revenues from tax and Customs and Excise last year, exceeding the target and rising nearly a third year-on-year. Together they were nearly equal to planned expenditure. ...

The government aims to transform Sihanoukville into Cambodia’s industrial hub – a “second Shenzhen city”, Ministry of Economy and Finance secretary of state Vongsey Vissoth said. Located along the coast, Preah Sihanouk province boasts an international airport, a railway line connected to Phnom Penh and ...

The Ministries of Economy and Finance; and Education, Youth and Sport, will implement a food programme for 50,000 children in 205 target schools using community products. An announcement issued on January 23 and obtained by The Post on Monday said the two ministries would implement ...

The financial policy committee of the Ministry of Economy and Finance is drafting the “Urban Solid Waste Management 2019-2028” policy to address waste management in Phnom Penh. Once approved, it will protect public health and the environment. Minister of Economy and Finance Aun Pornmoniroth, who ...

Agence Francaise de Developpement (AFD) has provided Cambodia with a sovereign loan of 118 million euros ($121 million) for two projects – one to build the Bakheng water treatment plant and another to develop competitive skills. Minister of Economy and Finance Aun Porn Moniroth who ...

The state-owned Rural Development Bank (RDB) has announced that it will distribute $50 million in loans to private rice millers to sustain the paddy market for farmers. The Cambodia Rice Federation (CRF) said the funds will be used to purchase nearly 300,000 tonnes of paddy ...

The government has nearly finished the draft of the Intermodal Transport Master Plan 2021-2030 (the Plan), a Ministry of Economy and Finance press release said on Wednesday. The draft seeks to promote Cambodia’s connectivity, reduce transportation and logistics costs, integrate the Kingdom into the region ...