News
Airport eyes adding long-haul flights
Sihannouk International Airport’s operator is eyeing potential new direct, long-haul routes to Europe and the Middle East to bring a new wave of overseas visitors and increase aviation’s contribution to coastal Preah Sihanouk province’s economy. ...
Thou Vireak
https://www.phnompenhpost.com/business/airport-eyes-adding-long-haul-flights
NBC, IFC to boost SME financial access
The National Bank of Cambodia (NBC) and the International Finance Corporation (IFC) will join forces on the “Cambodia Supply Chain Finance Market Development” project and expand financial access for the Kingdom’s small and medium-sized enterprises (SME). ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-ifc-boost-sme-financial-access
Digital businesses urged to register at telecoms ministry
Minister of Posts and Telecommunications Chea Vandeth on February 24 encouraged budding digital entrepreneurs to register for licenses and receive technical support, training and “encouragement” from the ministry. ...
Thou Vireak
https://www.phnompenhpost.com/business/digital-businesses-urged-register-telecoms-ministry
Greater innovation critical to driving sustained economic recovery in Cambodia and East Asia
Innovation is critical to productivity growth and economic progress in developing East Asia including Cambodia, China, Indonesia, Lao PDR, Malaysia, Mongolia, Myanmar, the Philippines, Thailand, and Vietnam in a rapidly changing world, according to a new World Bank report launched today. ...
Heng Panha/AKP
https://www.khmertimeskh.com/50817900/greater-innovation-critical-to-driving-sustained-economic-recovery-in-cambodia-and-east-asia/
South Korean bank invests in Kingdom
The embassy of Cambodia to the Republic of Korea signed a memorandum of understanding (MoU) with DGB Bank to provide cooperation in promoting investment in Cambodia as well as protection for Cambodians in South Korea. ...
Sok Chan
https://www.khmertimeskh.com/50818388/south-korean-bank-invests-in-kingdom/
Hong Kong ready to provide technical assistance for Cambodia’s E-Commerce
The Hong Kong Special Administrative Region of China has expressed its readiness to cooperate and provide technical assistance for Cambodia in the field of e-commerce. ...
Ministry urges for registration of mango farms for exports
The Ministry of Agriculture, Forestry and Fisheries has urged farmers to register their mango farms for certification to exports. This was reminded in the ministry’s press release issued recently, adding that the registration of mango farms is also intended to stabilise the price of the ...
Lim Nary/AKP
https://www.khmertimeskh.com/50818315/ministry-urges-for-registration-of-mango-farms-for-exports/
Government suspends sports clubs, all sports activities except those broadcasted on TV
All sports activities and sports clubs have been asked to suspend their operations again in Phnom Penh, Kandam and Preah Sihanouk Provinces. ...
Public and private schools in Preah Sihanouk province temporarily closed, along with sports facilities and activities
All public and private educational institutions in Sihanoukville and Stung Hav district of Preah Sihanouk province have been ordered to be shut down temporarily for two weeks. ...
Khmer Times Staff
https://www.khmertimeskh.com/50817874/public-and-private-schools-in-preah-sihanouk-province-temporarily-closed-along-with-sports-facilities-and-activities/
Germany gives $16 million for healthcare sector
In the context of COVID-19, Germany donated $16 million to Cambodia for health projects that include complementing the Ministry of Health’s initiative to help the poor who cannot afford to pay for hospital treatments and fight against the coronavirus. ...
Buth Sela
https://www.khmertimeskh.com/50817778/germany-gives-16-million-for-healthcare-sector/
Pursat wildlife sanctuary ups surveillance
The Ministry of Environment has installed ten additional cameras-traps in Phnom Somkhos wildlife sanctuary, Pursat province, to see if the area needs to be protected further. ...
Buth Sela
https://www.khmertimeskh.com/50817727/pursat-wildlife-sanctuary-ups-surveillance/
Use of tax e-filing system mandated from March onwards
All taxpayers in the self-assessment tax bracket have been instructed to submit their annual income tax via electronic filing (ToI E-Filing) from next month on, according to an announcement by the General Department of Taxation (GDT). ...
Sok Chan
https://www.khmertimeskh.com/50817426/use-of-tax-e-filing-system-mandated-from-march-onwards/
App for property tax on the way but no increases, says government
Cambodia is undergoing property tax reform but says it is administrative with a focus on improving the registration and valuation of properties while strengthening enforcement and compliance. ...
Promoting business in farming
Khmer Enterprise (KE), a unit under the Ministry of Economy and Finance and the Cambodia Partnership for Sustainable Agriculture (CPSA), have entered a partnership to promote entrepreneurship in the agriculture sector in Cambodia. ...
Sok Chan
https://www.khmertimeskh.com/50817350/promoting-business-in-farming/
Cashless Cambodia boosted by pandemic
The COVID pandemic is intensifying the Kingdom’s push towards becoming a cashless society as consumers increasingly opt to conduct digital payments instead of physical transactions. ...
Husain Haider
https://www.khmertimeskh.com/50817836/cashless-cambodia-boosted-by-pandemic/
Mango farmers asked to register to boost standards
The Ministry of Agriculture, Forestry and Fisheries (MAFF) has once again called on mango growers and farmers to register their mango cultivation with the General Directorate of Agriculture. ...
Sok Chan
https://www.khmertimeskh.com/50817427/mango-farmers-asked-to-register-to-boost-standards/
Exports to China gain modest 8% in 2020
Cambodia’s total export value to China extended its winning streak last year, weathering supply chain disruptions due to the Covid-19 outbreak. ...
May Kunmakara
https://www.phnompenhpost.com/business/exports-china-gain-modest-8-2020
Tax official defogs capital gains
A General Department of Taxation (GDT) official on February 22 listed some of the assets that would be exempt from capital gains tax once it comes into force in January 1, 2022 and shed light on some of the finer subtleties of the tax. ...
Thou Vireak
https://www.phnompenhpost.com/business/tax-official-defogs-capital-gains
$100M Lorn City II Sihanoukville residential project breaks ground
Local developer 5LH Lorn City Development Co Ltd’s (Lorn City Group) $100 million residential project broke ground on February 22 morning in Preah Sihanouk, to meet the growing housing demand in the coastal province, the provincial administration said in the press release. ...
May Kunmakara
https://www.phnompenhpost.com/business/100m-lorn-city-ii-sihanoukville-residential-project-breaks-ground
Ministries: Join BFC or lose export privileges
Two ministries on February 22 ordered factory owners and directors in the textile, garment, bag and travel-goods export sectors to register with Better Factories Cambodia (BFC) and obtain certification on working conditions. ...
Thou Vireak
https://www.phnompenhpost.com/business/ministries-join-bfc-or-lose-export-privileges
Foreigners to face legal action and deportation for C-19 violations
Foreigners who do not comply with the measures of the Ministry of Health against the COVID-19 pandemic will face legal action and deportation with no re-entry to the Kingdom if found guilty. ...
Tith Kongnov
https://www.khmertimeskh.com/50817216/foreigners-to-face-legal-action-and-deportation-for-c-19-violations/
Cambodia’s February 20 Community Event COVID-19 cases soar to 137, bringing total tally to 633
Cambodia continued to reel from the disastrous effects of the February 20 Community Event when another 38 COVID-19 positive cases were reported today, along with two imported cases. ...
China donates over 100,000 face masks
The Chinese government donated 100,800 face masks to Phnom Penh City Hall yesterday to help fight the recent COVID-19 outbreak. ...
Buth Sela
https://www.khmertimeskh.com/50817312/china-donates-over-100000-face-masks/
Howard Johnson opens in Sihanoukville
New York Stock Exchange- (NYSE) listed hotel franchiser Wyndham Hotels & Resorts Inc (WH) has opened its first hotel in the Kingdom – the Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville, WH said in a February 18 press release. ...
Thou Vireak
https://www.phnompenhpost.com/business/howard-johnson-opens-sihanoukville