News

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. ...

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. ...

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.​​ ...

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. ...

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. ...

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.​ .. ...

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). .. ...

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. ...

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. ...

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. ...

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. ...

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. ...

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 ...

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. ...

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. ...

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 ...

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. ...

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). ...

National Bank of Cambodia (NBC) governor Chea Chanto won Central Banker of the Year, Asia-Pacific award from premier financial magazine The Banker for his leadership in successfully navigating through a stormy 2020 during the Covid-19 crisis. ...

The heavy fuel oil-fired power plants in Kandal province’s Lvea Em district have started their engines and are generating power to the national grid, according to the Ministry of Mines and Energy. ...

A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. ...

The Ministry of Commerce (MoC) signed two memorandums of understanding (MoUs) – with the Cambodian BRB retail and product promotion consulting company and another with the Cambodian Coca-Cola Co. ...

The Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.70052 trillion riel ($2.87 billion) in tax revenue last year, up 423.20 billion riel or 3.73 per cent compared to 2019, it said in a January 11 press release. ...

Cambodia exported 11,200 tonnes of organic milled rice to international markets in 2020, a slight 1.2 per cent increase over 2019, according to the Cambodia Rice Federation (CRF). While the milled-rice export sector by and large chalks up 2020’s lacklustre growth performance to the ongoing ...