Economy and commerce

The General Department of Taxation (GDT) has rejected claims made on social media about the taxation of capital gains, claiming the misleading information is “slanderous”and it is committed to transparent and responsible taxation practices. ...

A significant meeting was conducted in the bustling eastern Chinese city of Shanghai last Wednesday to deliberate on economic information sharing, focusing on enriching the ongoing efforts of the Belt and Road Initiative (BRI). ...

Royal Government of Cambodia (RGC) and the Asian Infrastructure Investment Bank (AIIB) Tuesday signed an agreement worth $43 million for the cross-border livestock health and value chain infrastructure improvement project, said a statement. ...

The government has disbursed $913.8 million concessional loans in the first half of 2023, which is an increase of 11 per cent compared to the same period in 2022, the Ministry of Economy and Finance announced. ...

The global economic crisis has reduced Cambodia’s latex export earnings to $273.4 million in the first eight months of 2023, according to the Ministry of Agriculture, Forestry and Fisheries’ General Department of Rubber (GDR). ...

The Extraordinary Chambers in the Courts of Cambodia (ECCC), commonly known as the Khmer Rouge tribunal, inaugurated a purpose-built resource centre on September 27. ...

Hong Kong investors are keen to explore investment opportunities in Cambodia and have pledged to introduce business potentials created by Cambodia’s new investment law and its sub-decrees to their colleagues back home. ...

The UK Prime Minister’s Trade Envoy Heather Wheeler MP is visiting Cambodia this week (24 to 26 September). ...

A Cambodian firm intends to export more than 1,000kg of live lobsters to China, after its previous test runs proved the product had garnered “substantial market support”. ...

At least $1 billion is required to invest in completing the unfinished buildings in the coastal city Sihanoukville, said a senior official at the Preah Sihanouk Provincial Administration. ...

Three private institutions have come together to provide loans to small and medium enterprises (SMEs) to boost financial access for the business expansion and sustainability amid the global economic downturn. ...

The SERC was established on October 19, 2007 under “Preah Reach Kram No. NS/RKM/1007/028”, which promulgated the “Law on the Issuance and Trading of Non-Government Securities”, as the sole authority to regulate, monitor and develop the securities sector in the Kingdom. ...

Cambodia has experienced a 30 per cent decline in pepper exports in the first eight months of 2023, exporting over 5,000 tonnes, compared to the same period in 2022, according to the Ministry of Agriculture, Forestry and Fisheries. ...

Cambodia and Australia inaugurated a new Food Innovation Partnership on September 22, aimed at assisting agri-food small and medium-sized enterprises (SMEs) in developing products that meet food safety standards and broadening their market reach. ...

Three private institutions have come together to provide loans to small and medium enterprises (SMEs) to boost financial access for the business expansion and sustainability amid the global economic downturn. ...

Sun Chanthol, first vice-president of the Council of the Development of Cambodia (CDC), encouraged entrepreneur members of the Malay World Islam World (DMDI) to consider investing in the Kingdom, highlighting the many incentives in place to reward economic opportunities in the country. ...

Recently-appointed UK Prime Minister’s Trade Envoy to Cambodia and Laos Heather Wheeler is looking to expand trade and investment with Cambodia as the two countries celebrate 70 years of diplomatic relations. ...

While no investment is entirely without risk, the Securities and Exchange Regulator of Cambodia (SERC) is 100 per cent committed to ensuring that investors in the Kingdom are protected from fraudulent practices. ...

Trade volume between Cambodia and India has grown 6.6 per cent year-on-year to $306.9 million from $287.8 million amid contracted bilateral trade with other nations in the first eight months of 2023. ...

Cambodia and Australia launched a new Food Innovation Partnership to support Cambodia’s agri-food small and medium-sized enterprises (SMEs) to develop new products, meet food safety standards, and improve their market reach. ...

Koh Kong province’s first international seaport, Koh Kong Port Management in Kiri Sakor district, on Monday officially launched testing to facilitate local transportation of agricultural products, improving the livelihoods of people in the area. ...

Global rice prices hit a 15-year high in September, rising 30 percent year-on-year (YoY), according to an investor’s note by BMI, which quoted the UN’s Food and Agriculture Organization’s (FAO) All Rice Price Index report. ...

Australia and Cambodia​ on Friday joined together to launch a Food Innovation Partnership to support Cambodia’s agri-food small- and medium-sized enterprises (SMEs) in developing new products, meeting food safety standards, and improving their market reach. ...

In a promising development for Cambodia’s fisheries industry, Cambodia Quality Seal (CQS) has taken significant strides in addressing food safety concerns, positioning itself as a catalyst for positive change. ...