News

SECC prepared to list shares of holding firms

The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...

May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms

Kep province to become ‘relaxation and high-end tourist destination’

Four tourism poles and 251 development projects have been added to the newly completed master plan draft for tourism development in Kep province. It is slated for implementation through 2030. ...

Sok Chan
https://www.khmertimeskh.com/50804514/kep-province-to-become-relaxation-and-high-end-tourist-destination/

Ministry revamps self-assessment tax regime classifications

The Ministry of Economy and Finance has issued a prakas (directive) for the classification of taxpayers doing business in the Kingdom currently under the existing self-assessment regime. ...

Sok Chan
https://www.khmertimeskh.com/50804495/ministry-revamps-self-assessment-tax-regime-classifications/

Japan to assist in Cambodian customs clearance automation

The Japanese government will assist the Cambodian General Department of Customs and Excise of Cambodia (GDCE) in setting up an automated customs clearance system that will speed up cargo clearance time, alleviating congestion problems that slow the process.​​ ...

Jason Boken
https://www.khmertimeskh.com/50804464/japan-to-assist-in-cambodian-customs-clearance-automation/

Kingdom’s bicycle exports top $500M

Cambodia exported bicycles worth approximately $527 million to international markets last year, up 27 percent from 2019. This establishes Cambodia as the No1 country in ASEAN and No5 globally for bicycle exports, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-bicycle-exports-top-500m

Four solar power stations coming online

Additional renewable energy generated by solar power will come online soon in Cambodia from four new stations scheduled to be linked to the grid early this year. ...

Chea Vanyuth
https://www.khmertimeskh.com/50803921/four-solar-power-stations-coming-online/

Cambodia a safe tourist destination as WHO praises C-19 pandemic impact management

Cambodia is a safe tourist destination with the Kingdom ranked by the World Health Organization (WHO) as among the top nations in the world with the best COVID-19 containment and impact management.​ .. ...

Buth Sela
https://www.khmertimeskh.com/50803895/cambodia-a-safe-tourist-destination-as-who-praises-c-19-pandemic-impact-management/

Armac receives $2 million from South Korea gov’t for mine victims

The ASEAN Regional Mine Action Center (Armac) in Phnom Penh has received approximately $2 million from the government of South Korea through the ASEAN-Korea Cooperation Fund (AKCF) for victims of mines or explosive remnants of war (ERW). .. ...

Rhea Mae Soco
https://www.khmertimeskh.com/50803967/armac-receives-2-million-from-south-korea-govt-for-mine-victims/

Interior Ministry to finish sunken ship UXO clearance by May

The Interior Ministry yesterday outlined a plan to finish clearance of unexploded ordnance in a sunken warship this May and until then, 150 hectares of the Mekong River are cordoned off to protect the lives of fishermen in the area. ...

Khann Chanvirak
https://www.khmertimeskh.com/50803966/interior-ministry-to-finish-sunken-ship-uxo-clearance-by-may/

Cambodia and EU consult on development priorities

The drafts of European Development Cooperation Strategy for Cambodia, and the EU Multiannual Indicative Programme 2021-2027 have been discussed to align with the government’s development priorities. ...

Khmer Times Staff
https://www.khmertimeskh.com/50803600/cambodia-and-eu-consult-on-development-priorities/

‘Robust’ new cassava policy aims to diversify farming and boost exports

The launch of Cambodia’s National Cassava Policy 2020-2025 yesterday delivered new energy to the boosting of production and exports for the crop. This policy sets robust commitments for the diversification of Cambodia’s economic bases away from traditional sectors. ...

Sok Chan
https://www.khmertimeskh.com/50803999/robust-new-cassava-policy-aims-to-diversify-farming-and-boost-exports/

Rubber production to receive multi-agency effort to improve

WWF-Cambodia and the General Department of Rubber at the Ministry of Agriculture, Forestry and Fisheries (MAFF) signed a memorandum of understanding (MoU) to build a multi-agency partnership for transparent and sustainable natural rubber supply chains in Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50803833/rubber-production-to-receive-multi-agency-effort-to-improve/

Rent reductions increasingly possible for smaller firms

Small and medium-sized enterprises (SMEs) have taken a slight upper hand in the negotiation of commercial rental prices across the Kingdom as COVID-19 is still hindering the property sector. ...

Jason Boken
https://www.khmertimeskh.com/50803836/rent-reductions-increasingly-possible-for-smaller-firms/

Another new investment project approved by CDC

According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50803937/another-new-investment-project-approved-by-cdc/

Forestry crimes up last year, official vows law enforcement

Forestry crimes including logging, poaching and encroachment on state forest land for private ownership increased considerably last year despite stricter law enforcement, according to an annual report by the Ministry of Environment. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/forestry-crimes-last-year-official-vows-law-enforcement

Tax inspections on vehicles to begin in early February

Tax officials in collaboration with sub-national authorities will begin tax inspections on all means of transportation and vehicles for 2020 throughout the country by early next month. ...

Mom Kunthear
https://www.phnompenhpost.com/national/tax-inspections-vehicles-begin-early-february

Civil servants’ expense stipends cut

Prime Minister Hun Sen on Tuesday issued a sub-decree on steps to reduce government spending for domestic and foreign missions for national and sub-national administrations due to COVID-19. It set the rules and procedures for implementation of the expense budget for civil servant missions to ...

Khann Chan Virak
https://www.khmertimeskh.com/50803609/civil-servants-expense-stipends-cut/

Japan helps strengthen community healthcare in Kampong Cham province

The Government of Japan has agreed to provide $182,035 to People’s Hope Japan (PHJ) under the framework, The Grant Assistance for Japanese NGO Projects. ...

Nika
https://www.khmertimeskh.com/50803631/japan-helps-strengthen-community-healthcare-in-kampong-cham-province/

UN rolls out fund for women-led firms

Cambodian women-led fintechs, technology or regulated financial institutions are among the enterprises eligible for the recently-launched Women Enterprise Recovery Fund to promote and expand their businesses, according to the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). ...

May Kunmakara
https://www.phnompenhpost.com/business/un-rolls-out-fund-women-led-firms

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