Khmer Times

Cambodia to chair 2022 Asean Capital Markets Forum

Cambodia will chair the 2022 Asean Capital Markets Forum (ACMF), according to Sok Dara, Deputy Director-General Securities and Exchange Commission of Cambodia (SECC). This year Vietnam was tapped to chair the forum with Brunei slated for that role in 2021. ...

Sok Chan
https://www.khmertimeskh.com/50792343/cambodia-to-chair-2022-asean-capital-markets-forum/

GDT terminates the E-VAT Refund System

General Department of Taxation (GDT) has announced to the taxpayers that it has terminated the electronic value added tax refund system (E-VAT Refund System), replacing it with the electronic filing system (E-Filing System), according to the GDT’s announcement. ...

Sok Chan
https://www.khmertimeskh.com/50792276/gdt-terminates-the-e-vat-refund-system/

Cambodian, Vietnamese Central Banks satisfied with bilateral cooperation

The Central Banks of Cambodia and Vietnam have lauded the progress of their bilateral cooperation which has contributed significantly to the development of the banking and economic sectors of the two countries. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50792134/cambodian-vietnamese-central-banks-satisfied-with-bilateral-cooperation/

Getting ready for free trade with China

In fewer than 20 days the Cambodia-China Free-Trade Agreement (CC-FTA) comes into force after both countries signed the deal on Oct 12 during a two-day state visit by China’s Foreign Minister Wang Yi in Phnom Penh. ...

Sok Chan
https://www.khmertimeskh.com/50791954/getting-ready-for-free-trade-with-china/

Strong ties maintained between Cambodia, Laos and Vietnam

The leaders of Cambodia, Laos and Vietnam approved a tourism development plan this week, the Cambodia, Laos, Vietnam (CLV) Development Triangle Area 2020-2025, vision for 2030, at the 11th CLV virtual summit, according to the Ministry of Tourism. ...

Jason Boken
https://www.khmertimeskh.com/50792153/strong-ties-maintained-between-cambodia-laos-and-vietnam/

Oil refinery project on hold again

Construction of Cambodia’s first oil refinery oil plant has once again been put on hold, this time because of finance issues. The project, which sits on a site spanning the borders of Kampot and Preah Sihanouk province, is a joint venture between local investment firm, ...

Jason Boken
https://www.khmertimeskh.com/50791450/oil-refinery-project-on-hold-again/

UK grants GSP status to Cambodia effective 2021

Cambodia’s exports see new light with the granted duty-free and quota-free access to the markets in the United Kingdom, commencing 2021. Sok Sopheak, Secretary of State at the Ministry of Commerce shared that Cambodia will discuss with the UK counterpart on the import and export ...

Lim Nary/AKP
https://www.khmertimeskh.com/50791084/uk-grants-gsp-status-to-cambodia-effective-2021/

Digital banking championed

The Association of Banks in Cambodia (ABC), the Cambodia Microfinance Association (CMA) and the Cambodian Association of Finance and Technology (CAFT) have issued a statement strongly encouraging their customers, the public and business owners to both settle accounts and accept payments electronically via digital platforms. ...

Sok Chan
https://www.khmertimeskh.com/50791065/digital-banking-championed/

Mondulkiri authorities set deadline for encroachers on state land

The Mondulkiri provincial administration has issued a deadline to those encroaching on state land on Dos Kramom Mountain in Sen Monorom city to demolish their constructions by December 13. ...

Sen David
https://www.khmertimeskh.com/50790522/mondulkiri-authorities-set-deadline-for-encroachers-on-state-land/

Cambodia’s COVID-19 situational analysis. Hun Sen orders budget for purchase of vaccines in consultation with WHO

Prime Minister Hun Sen, through a facebook post this evening said that he has instructed the Ministry of Health and the Ministry of Economy to prepare a budget to buy COVID-19 vaccines to be administered to Cambodians free of charge. ...

Khmer Times Staff
https://www.khmertimeskh.com/50790435/cambodias-covid-19-situational-analysis-hun-sen-orders-budget-for-purchase-of-vaccines-in-consultation-with-who/

Three solar stations set to generate power earlier next year

Three solar stations will start generating power and link to the grid earlier next year, as currently the projects are 90 percent complete. The three solar construction projects were approved last year. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50790719/three-solar-stations-set-to-generate-power-earlier-next-year/

Resale market booms amid changing consumer and eco trends

From recycled bicycles to second-hand mannequins, thrift shops push quirky finds to the limits which in the past has split perceptions. However, as consumer demands continue to shift, a combination of factors has exponentially spurred the pre-owned goods market, trend analysts say is only set ...

Tom Starkey
https://www.khmertimeskh.com/50790181/resale-market-booms-amid-changing-consumer-and-eco-trends/

ADB approves loans worth $70 million for Cambodia’s agriculture

The Asian Development Bank (ADB) has approved a $70 million in loan to improve the capacity of agribusinesses in six provinces across Cambodia to process key agricultural products. ...

Khmer Times Staff
https://www.khmertimeskh.com/50789891/adb-approves-loans-worth-70-million-for-cambodias-agricultur/

Businesses violating COVID-19 measures will be closed, PM says

Prime Minister Hun Sen said local authorities will close down any businesses found to have flouted the Ministry of Health’s guidelines to prevent the spread of COVID-19. ..​.  ...

Khann Chanvirak
https://www.khmertimeskh.com/50789964/businesses-violating-covid-19-measures-will-be-closed-pm-says/

EU donates around $3.45 million to COVID-19 response

The European Union in Cambodia announced yesterday that it will donate around $3.45 million to Cambodia in order to respond to the COVID-19 pandemic.   ...

Sen David
https://www.khmertimeskh.com/50789813/eu-donates-around-3-45-million-to-covid-19-response/

No state of emergency would be declared, PM says

Prime Minister Hun Sen reaffirmed today that the Kingdom will not declare a state of emergency for the “November 28 community incident” because it will paralyze the country’s economy.   ...

Khmer Times Staff
https://www.khmertimeskh.com/50789957/no-state-of-emergency-would-be-declared-pm-says/

NEC to test online election system next year

Cambodia will test run an online election process early next year to evaluate the effectiveness of such a system for the Kingdom. ...

Ry Sochan
https://www.khmertimeskh.com/50790003/nec-to-test-online-election-system-next-year/

PPSP share buyback planned for mid-December

Phnom Penh Special Economic Zone (PPSP) will commence and execute its share buyback plan in the middle of December, if approved by the exchange and its regulator, according to information given to Khmer Times by the company’s management. ...

Harrison White
https://www.khmertimeskh.com/50789601/ppsp-share-buyback-planned-for-mid-december/

First batch of Cambodian mangoes on their way to China

Cambodia has now exported its first batch of fresh mangoes to China this week. The agreement was made between the two countries back in June when it was decided that Cambodia could export around 500,000 tonnes of high quality mangos per year. ...

Jason Boken
https://www.khmertimeskh.com/50789610/first-batch-of-cambodian-mangoes-on-their-way-to-china/

Kingdom’s livestock production grew during the pandemic

MAFF’s data shows that as of Dec 2, 2020, livestock production increased from 42.02 million heads to 49.42 million heads, up 17.6 percent compared to the same period in 2019. Livestock production included fowl, (chicken and ducks), cattle (cows and buffalo), and poultry. ...

Sok Chan
https://www.khmertimeskh.com/50789582/kingdoms-livestock-production-grew-during-the-pandemic/

Prey Lang forest activists concern over illegal logging amid C-19

Forest protection activists in Kampong Thom province have expressed concern over increased illegal logging in Prey Lang forest as authorities are preoccupied with the recent COVID-19 situation. ...

Tith Kongnov
https://www.khmertimeskh.com/50789283/prey-lang-forest-activists-concern-over-illegal-logging-amid-c-19/

Cambodia, S. Korea FTA much closer

A senior official of the Ministry of Commerce (MoC) said negotiations towards a free trade agreement (FTA) between Cambodia and South Korea saw agreement on 90 percent of the issues addressed as the fourth round of talks concluded last month. ...

Sok Chan
https://www.khmertimeskh.com/50789217/cambodia-s-korea-fta-much-closer/

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