News

King Norodom Sihamoni issued a royal message to commemorate International Buddhist Day yesterday. ... ...

Hong Kong-based Sunwah Group, along with a group of leading investors, have evinced interest to invest in a range of areas including financial technology to smart city development and property and energy to tourism in Cambodia. ... ...

The construction sector achieved remarkable growth last year with constructed area and investment showing a positive growth. ... ...

The Ministry of Health issued guidelines for the public to protect themselves from heat-related illnesses and heat exhaustion as extreme hot weather conditions are set to prevail. ... ...

The Ministry of Education, Youth and Sport encouraged teachers to learn more about artificial intelligence (AI) to help develop the education sector in Cambodia. ... ...

The United States, as part of its ongoing commitment to help Cambodia achieve its objective of becoming a country free of landmines by 2025, has increased its financial assistance for the Kingdom’s mine clearance activities. ... ...

When it came to relief for special taxes (excise), value-added taxes and customs duties on imports – QIPs and SEZs received a disproportionate amount of customs tax relief, said a recent World Bank report. In 2020, QIPs took around 51 percent of total tax exemption, ...

Ministry of Public Works and Transport (MPWT) has launched emergency measures to prevent and curb railway accidents following the recurrence of frequent accidents on Cambodian railways. ... ...

The Indian government has so far rescued 250 citizens in Cambodia who were forced to run online scams. ... ...

KEAN SVAY, KANDAL PROVINCE, CAMBODIA — Five years ago, Lun Sam Ath took out a $12,000 loan to build a new wooden house and repay a previous loan that she had used to buy a motorbike. ... ...

The Ministry of Social Affairs, Veterans and Youth Rehabilitation and its partner organisations have conducted their final consultation on the draft National Strategic Plan on Disabilities 2024-28. ... ...

The latest SCB EIC report expects ASEAN CLMV nations, including Cambodia, to witness accelerated economic growth in 2024 due to increasing foreign direct investment compared to prior years. ... ...

The Ministry of Commerce (MoC) is making earnest efforts to reach out to uncharted African markets via the Middle East, while strengthening the existing major markets such as the United States, Canada, the European Union, and countries within the regional comprehensive economic partnership (RCEP). ... ...

Cambodia leads the growth projection in Southeast Asia in 2024, according to Seasia Stats based on Southeast Asia’s 2024 GDP growth projection from the IMF’s October 2023 Outlook and January 2024 update. ... ...

Digital technology professionals are in huge demand to meet the current and future job needs, as well as to contribute to economic growth and support the digital transformation process. ... ...

Cambodia exported 166,451 tons of milled rice in the first quarter (Q1) of 2024, down 5.7 percent from 176,581 tons in the same period last year, a report from the Cambodia Rice Federation (CRF) showed. ... ...

The Royal Government of Cambodia is committed to promoting small and medium enterprises (SMEs) which are the backbone of the national economy, providing 70 percent of jobs and contributing 58 percent to the GDP. ... ...

The Council for the Development of Cambodia (CDC) approved 106 fixed assets investment and expansion projects worth $2.2 billion in the first three months of this year, a jump of 649 percent over the same period last year. ... ...

Khmer Enterprise (KE) hosted an event on April 5,2024 to hand over grants for 38 startups and small and medium enterprises (SMEs) to support them to stabilize their business, strengthen operations and enhance their export potential. ... ...

The government is encouraging eligible residents to register for financing under the social protection programme, which offers Health Equity Fund cards to the elderly, people with disabilities, and vulnerable families from April 1 to 20, 2024. ... ...

A recent announcement from the Ministry of Economy and Finance outlines a preferential tax that benefits businesses in the agriculture sector until 2025, including suspension of minimum tax payments, an exemption from income tax and the obligation to deduct tax on payments for the provision ...

Tourism players and economic experts have welcomed SME Banks’ loan scheme of more than $50 million to help Siem Reap business owners. However, while potentially improving tourism performance, concerns have been raised about mounting debt. ... ...

The Ministry of Tourism (MoT) in collaboration with the Small and Medium Enterprise Bank of Cambodia (SME Bank) early this week launched financial schemes aimed at providing tourism business owners to develop or expand their operations in Siem Reap province. ... ...

The Japan-Cambodia Association office, officially inaugurated on Monday in Phnom Penh, will play an important role in attracting more Japanese businessmen and investors to Cambodia, said Heng Sour, Minister of Labor, Vocational Training (MLVT). ... ...