Government

GDT tax collection falls in Q1

The General Department of Taxation (GDT) collected taxes totalling $1.18 billion during the January-March period this year, down 11.9 percent from $1.34 billion collected in the first quarter of 2023. ...

Chea Vanyuth
https://www.khmertimeskh.com/501493907/gdt-tax-collection-falls-in-q1/

Hun Sen proposes law to punish anyone denying Cambodia’s genocidal past

Senate President Hun Sen proposed drafting a law against people who claim that Cambodia did not experience a genocide and wanted to start a “color revolution”. A political analyst has said the law would further shrink citizens’ freedom of expression in relation to historical events. ...

Khuon Narim and Ly Rosslan
https://cambojanews.com/hun-sen-proposes-law-to-punish-anyone-denying-cambodias-genocidal-past/

MPWT considers private sector partner for Kampot Tourist Port

The Ministry of Public Works and Transport (MPWT) is considering a public private partnership (PPP) agreement with local development company AZ Builder to finalize the Kampot International Tourist Port. ...

James Whitehead
https://www.khmertimeskh.com/501488399/mpwt-considers-private-sector-partner-for-kampot-tourist-port/

Bank lending to households posts weak growth, says NBC

With bank credit growth reaching its lowest in two decades in Cambodia, households’ mortgage loans posted weak growth in 2023, said the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501492423/bank-lending-to-households-posts-weak-growth-says-nbc/

Key meeting boosts Kingdom’s sustainable tourism prospects

The Kingdom’s tourism industry got a shot in the arm with the visit of the top official of the China Metro Group who made a courtesy call on Minister of Tourism in Phnom Penh on Tuesday. ...

Jigme Palden Pazo
https://www.khmertimeskh.com/501493161/key-meeting-boosts-kingdoms-sustainable-tourism-prospects/

FDI inflows into manufacturing remain high

Foreign direct investment (FDI) inflows into the manufacturing sector remained high, after investment into construction and real estate, as per the Annual Financial Stability Review Report 2023 of the National Bank of Cambodia (NBC). ...

Rachel David
https://www.khmertimeskh.com/501491715/fdi-inflows-into-manufacturing-remain-high/

Kingdom, Korea to establish trade consultation channel soon

Cambodia and South Korea will have ‘Regular Consultation Sessions’ aimed at boosting trade and investment cooperation between the two countries. ...

Nhean Chamrong
https://www.khmertimeskh.com/501491711/kingdom-korea-to-establish-trade-consultation-channel-soon/

Chinese delegation tours Kingdom to promote ‘Fish and Rice’ corridor

Representatives from the Ministry of Agriculture, Forestry and Fisheries (MAFF) recently hosted a week-long research delegation of Chinese agricultural specialists on a cross-country tour to both promote and initiate rice-fish and rice-shrimp integrated farming systems within Cambodian provinces. ...

James Whitehead
https://www.khmertimeskh.com/501489806/chinese-delegation-tours-kingdom-to-promote-fish-and-rice-corridor/

Czech Republic provides development assistance to strengthen ties

The Czech Republic pledged to strengthen collaboration with Cambodia by providing development assistance in the sectors of health, education, and human resource development in order to foster better and stronger bilateral relations. ...

Hang Punreay
https://www.khmertimeskh.com/501491746/czech-republic-provides-development-assistance-to-strengthen-ties/

Cambodia proposes exclusive Special Economic Zone for Korean Firms to boost investment

Cambodian Prime Minister Hun Manet raised two initiatives to promote trade and investment of Korean investors in Cambodia. The premier spoke at the opening ceremony of the Cambodia-Republic of Korea Business Forum on 16 May 2024 in Seoul, South Korea.​ ...

Khmer Times Staff
https://www.khmertimeskh.com/501490362/cambodia-proposes-exclusive-special-economic-zone-for-korean-firms-to-boost-investment/

Korea FDI in Kingdom reaches $5 billion, says Prime Minister

Prime Minister Hun Manet yesterday said that the bilateral trade volume between the Republic of Korea and Cambodia reached approximately $751 million while Korea’s foreign direct investment (FDI) in the Kingdom recorded $30 million last year, taking the total FDI from the country to $5 ...

Nhean Chamrong
https://www.khmertimeskh.com/501489820/korea-fdi-in-kingdom-reaches-5-billion-says-prime-minister/

Kingdom, Korea ink 6 agreements

Prime Minister Hun Manet and Yoon Suk Yeol, President of the Republic of Korea yesterday witnessed the signing of four Memoranda of Understanding (MoUs) and two other agreements aimed at expanding multifaceted cooperation in financial development, investment flow, intellectual property, drug management, vocational training and ...

Nhean Chamrong
https://www.khmertimeskh.com/501489818/kingdom-korea-ink-6-agreements/

Cambodia’s RCEP trade up 14%

Cambodia’s trade with the Regional Comprehensive Economic Partnership (RCEP) countries rose by 13.98 percent to $11.19 billion, a report from the Ministry of Commerce said. ...

Chea Vanyuth
https://www.khmertimeskh.com/501489816/cambodias-rcep-trade-up-14/

The National Bank of Cambodia reviews measures of housing prices​

The Asian Development Bank forecast last month that Cambodia would have one of the lowest inflation rates in Southeast Asia this year if global fuel prices remain stable.​ ...

AKP
https://www.khmertimeskh.com/501490347/the-national-bank-of-cambodia-reviews-measures-of-housing-prices/

Cambodia, Thailand bolster health and border relief cooperation

In a significant step towards enhancing regional healthcare infrastructure and border relief services, the Cambodian Ministry of Health and the Thai Ministry of Public Health have expanded their cooperation. ...

Hang Punreay
https://www.khmertimeskh.com/501489834/cambodia-thailand-bolster-health-and-border-relief-cooperation/

Bar Association initiates ‘Lawyer to the Grassroot Level’ project

The Ministry of Interior has granted permission to the Bar Association of the Kingdom of Cambodia to cooperate on legal education and aid with administrative councils across the country. ...

Hang Punreay
https://www.khmertimeskh.com/501489779/bar-association-initiates-lawyer-to-the-grassroot-level-project/

Cambodia, South Korea sign memorandum of understanding on six documents

The Government of Cambodia and the Republic of Korea (ROK) signed a Memorandum of Understanding (MoU) on six documents on the morning of May 16, under the chairmanship of Cambodian Prime Minister Hun Manet and South Korean President Yoon Suk Yeol. ...

Khmer Times Staff
https://www.khmertimeskh.com/501489599/cambodia-south-korea-sign-memorandum-of-understanding-on-six-documents/

Cambodia records 17 pct rise in garment, footwear, travel goods export in first four months

Cambodia exported garment, footwear, and travel products (GFT) worth $3,763 million in the first four months of 2024, up 17 percent from the $3,211 million reported a year earlier, according to a report released by the Ministry of Commerce on Wednesday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501489411/cambodia-records-17-pct-rise-in-garment-footwear-travel-goods-export-in-first-four-months/

Cambodia’s exports to RCEP countries up 16 percent in 4 months

Cambodia earned over $3.36 billion from exports to members of the Regional Comprehensive Economic Partnership (RCEP) in the first four months this year, up 16.2 percent from $2.89 billion recorded in the same period in 2023. ...

Khmer Times Staff
https://www.khmertimeskh.com/501489447/cambodias-exports-to-rcep-countries-up-16-percent-in-4-months/

Cambodia urges ADB to expand investment to combat climate change and natural disasters

Thor Chetha, Minister of Water Resources and Meteorology, highlighted the Ministry’s priority of strengthening the forecasting system, early warning system, and early warning to vulnerable people to be vigilant as needed to reduce natural disasters and economic losses, and urged the Asian Development Bank to ...

Khmer Times Staff
https://www.khmertimeskh.com/501488991/cambodia-urges-adb-to-expand-investment-to-combat-climate-change-and-natural-disasters/

UAE to expand economic ties with Kingdom

Prime Minister Hun Manet recently urged investors from the United Arab Emirates (UAE) to invest in Cambodia’s priority sectors such as tourism, agriculture, technology and clean energy infrastructures that can generate jobs in the country. ...

Nhean Chamrong
https://www.khmertimeskh.com/501488405/uae-to-expand-economic-ties-with-kingdom/

Ministry trains youth in trade regulations

The Ministry of Commerce has been training youngsters so that they are aware of Cambodia’s trade regulations and guidelines, governing the country’s trade and export-oriented markets. ...

Rachel David
https://www.khmertimeskh.com/501488408/ministry-trains-youth-in-trade-regulations/

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