News

Calls to urgently review draft alcohol law

The law on Control of Alcohol Products has been in draft for nine years and remains uncertain due to its potential social, economic and political impacts. Experts are now urging the government to accelerate law enforcement on controlling alcohol consumption after recent fatal traffic accidents. ...

Meas Molika
https://kiripost.com/stories/calls-to-urgently-review-draft-alcohol-law

PPAP’s net profit, revenue decline in 2023

Net profit for Phnom Penh Autonomous Port’s (PPAP) financial year ended December 31, 2023 (FY’23) sank 36.2 percent to $9.1 million from $14.3 million a year ago. ...

Sangeetha Amarthalingam
https://kiripost.com/stories/ppaps-net-profit-revenue-decline-in-2023

Agriculture ministry cast light on 2023 achievement

Ministry of Agriculture, Forestry and Fisheries officials have reported several positive achievements in their jurisdiction in 2023, highlighting stable rice prices, investment interest in cashew nuts, the protection of the Irrawaddy dolphin population and the combating of fisheries crimes as notable success stories. ...

Sok Raksa
https://www.phnompenhpost.com/national/agriculture-ministry-cast-light-on-2023-achievement

Ministry of Information finalizing protracted access to information draft law

The Ministry of Information is finalizing the long-overdue draft law on the access to information, known as the “A2I draft law”, as highlighted in its work direction for 2024. The draft law is currently being reviewed by the Ministry of Justice, according to documents viewed ...

Seoung Nimol
https://cambojanews.com/ministry-of-information-finalizing-protracted-access-to-information-draft-law/

Prek Takong villagers fear losing land following expiration of a land lease contract

Twenty five families in Prek Takong 1 village of Chak Angreleu commune are concerned about losing their plots of land, which were rented out to the Meanchey district authority to build a temporary sewage canal. ...

Sovann Sreypich
https://cambojanews.com/prek-takong-villagers-fear-losing-land-following-expiration-of-a-land-lease-contract/

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/

GDT nets $75 million from e-commerce

The General Department of Taxation (GDT) earned value-added tax (VAT) of $75.5 million on e-commerce in 2023, a year-on-year increase of 71 percent from $44 million recorded in 2022, an official report showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501429247/gdt-nets-75-million-from-e-commerce/

Renewable energy to give 70% of power in Cambodia this year

Renewable energy sources will account for nearly 70 percent of Cambodia’s electricity this year, said Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, recently. ...

Manoj Mathew
https://www.khmertimeskh.com/501429249/renewable-energy-to-give-70-of-power-in-cambodia-this-year/

Microfinance formed over 30% of Cambodia’s 2022 GDP

Microfinance has grown exponentially in Cambodia and is not as stressed as reported by the international media, according to a study by research firm M-CRIL in partnership with the Cambodia Microfinance Association (CMA). A sector which had only 50,000 clients in 1995, now services 2.1 ...

Rachel.David
https://www.khmertimeskh.com/501429233/microfinance-formed-over-30-of-cambodias-2022-gdp/

PM to hold meeting to review Pentagonal Strategy

Prime Minister Hun Manet is scheduled to chair the Plenary Session of the Council of Ministers, which will be held on February 2, to review the implementation of the seventh mandate government’s Pentagonal Strategy. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501429291/pm-to-hold-meeting-to-review-pentagonal-strategy/

Minister of Environment supports investors who wish to increase employment for local communities

Dr. Eang Sophalleth, Minister of the Environment, fully welcomed and supported investors who wish to increase employment for local communities and help keep Cambodia’s environment clean by investing in renewable energy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501429737/minister-of-environment-supports-investors-who-wish-to-increase-employment-for-local-communities/

Tax collection up 4.49 percent to $3.6 billion

Cambodia increased its tax collection by 4.49 percent year-over-year to $3.6 billion in 2023. We exceeded our target (101.13 percent) with this year’s collection, said the General Department of Taxation (GDT) at the Ministry of Economy and Finance. ...

Chea Vanyuth
https://www.khmertimeskh.com/501428582/tax-collection-up-4-49-percent-to-3-6-billion/

Cambodia’s foreign reserves rise to $20 bln in 2023

Cambodia’s international reserves increased to $20 billion in 2023, representing a year-on-year rise of 12.3 percent, the central bank said on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501429536/cambodias-foreign-reserves-rise-to-20-bln-in-2023/

Electrical exports bolster economy in 2023, up 50%

Cambodia exported over $3.1 billion in electrical machinery, equipment and related products to the international market in 2023, an increase of more than 50% compared to 2022. The export value of these products constituted nearly 14% of the country’s total exports, as per data from ...

Hin Pisei
https://www.phnompenhpost.com/business/electrical-exports-bolster-economy-in-2023-up-50-

GDT exceeds 2023 tax revenue targets

Cambodia generated more than $3.6 billion in 2023 through the General Department of Taxation (GDT), slightly exceeding the targets set in the 2023 Law on Financial Management and surpassing 2022’s revenue. ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-exceeds-2023-tax-revenue-targets

EU support fisheries research

The EU is advancing the field of fisheries science in Cambodia by supporting students in their research and educational pursuits. The initiative aims to improve management efficiency within the sector and to empower students by developing their scientific skills, thereby broadening their career opportunities, especially ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/eu-support-fisheries-research

Ministry plan to align gambling legislation

To ensure effective suppression of illegal gambling, the Ministry of Interior is set to amend the Law on Suppression of Gambling, aligning it with the Law on Commercial Gambling Management. ...

Chea Sokny
https://www.phnompenhpost.com/national/ministry-plan-to-align-gambling-legislation

Robust growth predicted for ASEAN+3

Amid strong domestic demand, moderate inflation and continuing improvements in trade, the ASEAN+3 region – encompassing the 10 bloc members and China, Japan and South Korea – is expected to maintain robust economic growth this year despite uncertainties in the global outlook. ...

May Kunmakara
https://www.phnompenhpost.com/business/robust-growth-predicted-for-asean-3

Cambodia attends the 3rd G77 Summit in Uganda

A Cambodian delegation led by Hang ChuonNaron, Deputy Prime Minister and Minister of Education, Youth, and Sports, attended the 3rd G77 Summit on Jan. 21-22 in Kampala, Uganda, under the theme of “Leaving No One Behind”. ...

Khmer Times Staff
https://www.khmertimeskh.com/501428141/cambodia-attends-the-3rd-g77-summit-in-uganda/

Cambodian mangoes now gaining popularity across Russian markets

Cambodian mangoes are gaining popularity across Russian markets offering a boost to the Kingdom’s agricultural sector, according to a representative of an agriculture firm that exports Cambodian mangoes to Russia and Central Asia. ...

Sreekanth Ravindran
https://www.khmertimeskh.com/501427846/cambodian-mangoes-now-gaining-popularity-across-russian-markets/

Koh Rong int’l airport construction begins

State authorities have confirmed that the earthworks for the first phase of construction of the Koh Rong International Eco-Tourism Airport is now underway on the island. ...

James Whitehead
https://www.khmertimeskh.com/501427850/koh-rong-intl-airport-construction-begins/

Environment Minister: community economic independence is the success of development projects

Minister of Environment, Eang Sophalleth, reinforced the significance of bestowing economic independence upon communities in protected areas and entrusting local authorities with the power to intervene in instances of natural resource crimes. ...

Khmer Times Staff
https://www.khmertimeskh.com/501428898/environment-minister-community-economic-independence-is-the-success-of-development-projects/

Vietnam’s Ministry of Public Security’s delegation visits Cambodia

Minister of Public Security General To Lam led a delegation of the Vietnamese Ministry of Public Security to pay an official visit to Cambodia from January 22-24 at the invitation of Deputy Prime Minister and Minister of Interior Sar Sokha. ...

Khmer Times Staff
https://www.khmertimeskh.com/501428840/vietnams-ministry-of-public-securitys-delegation-visits-cambodia/

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