News
Mooted casino tax shot down by ruling party
Casinos are first and foremost for protecting Cambodia’s border, not for making money, government lawmakers insisted in parliament yesterday when drilled about their opposition to raising gambling taxes. Seizing on an off-the-cuff comment made by Prime Minister Hun Sen during a speech in August, Finance Minister ...
Mounting Foreign Concerns as 2013 Budget Plans Under Way
WASHINGTON DC – Seven opposition lawmakers say they have found new ways to reduce the national debt and are requesting that the National Assembly’s finance committee meet with them before drafting the 2013 national budget. The lawmakers, from the Sam Rainsy and Human Rights parties, say ...
Moody's says debt is stable, open to risk
Ratings agency Moody’s kept the outlook on Cambodia’s government debt at stable, though the firm said that the risk of default was still high and had raised concerns over the country’s ability to manage its finances. In a report released on Sunday, Moody’s said that Cambodia’s ...
Government officials at odds over debt levels
Government officials are at odds over how much Cambodia’s national debt amounts to. On Wednesday, Prime Minister Hun Sen said Cambodia’s debt stands at just $2 billion, contradicting information provided by CPP lawmaker Cheam Yeap last week that the number is actually $7 billion, or 63 ...
PM weighs in on China debt debate
Prime Minister Hun Sen yesterday added his two cents to the ongoing debate on what Cambodia’s debt to China actually is, declaring it stands at only US$2 billion. At a ground-breaking ceremony marking the beginning of construction on Phnom Penh’s Cambodia-China Friendship Bridge, the premier rejected ...
