The Phnom Penh Post
Expanding investment networks: Cambodia-UAE forum set for ‘24
The Council for the Development of Cambodia (CDC) and the Cambodia Chamber of Commerce (CCC) have scheduled a private sector forum between Cambodia and the United Arab Emirates for the first quarter of next year. ...
Van Socheata
https://www.phnompenhpost.com/national/expanding-investment-networks-cambodia-uae-forum-set-for-24
Cambodia planning $100M in bond issue
The government plans to issue a $100 million sovereign bond in 2024. The move aims to raise additional funds through the capital market to support public investment projects, while also repaying the principal and interest of previous issuances. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-planning-100m-in-bond-issue
Ministry of Economy to raise $6.8M through sovereign bond issuance
The Ministry of Economy and Finance plans to raise approximately 28 billion riel ($6.8 million) through the issuance of sovereign bonds via the National Bank of Cambodia’s (NBC) online trading platform (NBCP), aiming to garner additional funds from the capital market for public investments. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-to-issue-bonds-worth-28b-for-progress
Economic and trade ties with Hungary enhanced
Cambodia and Hungary are moving swiftly to finalise the content of the draft for the Cambodian-Hungarian Joint Committee on Economic Cooperation (JCEC), a significant step towards boosting bilateral trade and investment between the two countries. ...
Hin Pisei
https://www.phnompenhpost.com/business/economic-and-trade-ties-with-hungary-enhanced
Cambodia’s total public debt stands at $10.72 billion as of September
The Cambodian government had a total public debt of $10.72 billion as of September 2023, according to the Cambodia Public Debt Statistical Bulletin released by the Ministry of Economy and Finance on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501404146/cambodias-total-public-debt-stands-at-10-72-billion-as-of-september/
Construction approvals down, investment up
Cambodia approved over 2,600 construction investment projects in the first three quarters of 2023, marking a 19% decrease compared to the same period in 2022. Investment capital and construction space, however, have surged by over 100%, as per the Ministry of Economy and Finance ...
Hin Pisei
https://www.phnompenhpost.com/business/construction-approvals-down-investment-up
Gov’t revenue $4.9B, spending $6.3B
The government’s national revenue collection in the first 10 months of 2023 reached nearly $4.9 billion, equating to almost 78% of the target set by the 2023 Law on Financial Management, while total expenditures stood at over $6.3 billion, as reported by the Ministry of ...
https://www.phnompenhpost.com/business/gov-t-revenue-4-9b-spending-6-3b
EU gifts $7M for fisheries reforms
To aid in the reform of Cambodia’s fisheries sector, approximately $7 million in funding has been allocated by the EU for the effort. ...
Ry Sochan
https://www.phnompenhpost.com/national/eu-gifts-7m-for-fisheries-reforms
Gold mine looks to expand into Tbong Khmum
Australian mining company Renaissance Minerals (Cambodia) Ltd is seeking to expand their gold mining operations beyond Mondulkiri province, with the Ministry of Mines and Energy urging them to look into Tbong Khmum’s Memot district. ...
Van Socheata
https://www.phnompenhpost.com/business/gold-mine-looks-to-expand-into-tbong-khmum
72% pass national exams, over 1,600 A grade students
The Ministry of Education, Youth and Sport has released the overall results of this year’s grade 12 high school examinations and announced that nearly 100,000 candidates have passed the exam, or about 72 per cent of the total number of candidates. ...
Sok Raksa
https://www.phnompenhpost.com/national/72-pass-national-exams-over-1-600-a-grade-students
Financial education for ethnic minorities
For Seoung Lort, understanding financial literacy is crucial, especially among ethnic communities with limited access to education due to their remote, mountainous dwellings, far from public schools. ...
May Kunmakara
https://www.phnompenhpost.com/business/financial-education-for-ethnic-minorities
E-commerce tax revenue surges through October
Cambodia garnered $62.8 million in e-commerce value-added tax (VAT) revenue during the first ten months of 2023, signifying a surge in electronic products and services in recent years. The income was collected from 82 non-resident taxpayer enterprises, supplying digital-related goods from abroad, according to the ...
May Kunmakara
https://www.phnompenhpost.com/business/e-commerce-tax-revenue-surges-through-oct
Nation nears tax collection target amid challenges
The government has amassed over $3 billion in taxes during the first ten months of 2023, reaching 85.87% of the target set by the 2023 Law on Financial Management. ...
Samban Chandara
https://www.phnompenhpost.com/national/nation-nears-tax-collection-target-amid-challenges
Land disputants doubtful that new government authority will bring justice
Locals from some communities with ongoing land disputes are not optimistic about the government’s new out-of-court dispute resolution authority. Prime Minister Hun Manet announced last month that the government body could resolve civil matters more quickly than Cambodia’s courts, but land disputants are wary of ...
Phon Sothyroth
https://cambojanews.com/land-disputants-doubtful-that-new-government-authority-will-bring-justice/
Tycoon Hy Kimhong released on bail as thousands of families continue to face serious debt problems
The court has decided to release Piphup Deimeas Company owner Hy Kimhong on bail although the case has yet to be resolved. Amid this, thousands of families who invested in his business are facing serious debt issues and seek a resolution. ...
Sovann Sreypich and Runn Sreypich
https://cambojanews.com/tycoon-hy-kimhong-released-on-bail-as-thousands-of-families-continue-to-face-serious-debt-problems/
Calls out for vocational programme enrollments
The Ministry of Labour and Vocational Training has urged young people to promptly register for courses at technical institutes throughout the country. The move follows the government’s official announcement of a national programme on technical and vocational training for 1.5 million young individuals from impoverished ...
Van Socheata
https://www.phnompenhpost.com/national/calls-out-for-vocational-programme-enrollments
ICC Angkor looks forward to challenges, future growth
The Fourth Intergovernmental Conference on Angkor at UNESCO in Paris has concluded, with King Norodom Sihamoni suggesting that UNESCO send technicians to help Cambodia with human resource training to combating the illegal trade in artefacts, and preparations for the future registration of the Kingdom’s tangible ...
Van Socheata
https://www.phnompenhpost.com/national/icc-angkor-looks-forward-to-challenges-future-growth
Ministry, Gendarmerie align for forest, wildlife protection
The Ministry of Environment and the Royal Gendarmerie of Cambodia have agreed to establish standard operating procedures (SOPs) for preventing and suppressing natural resource crimes, ensuring the sustainable management of forests, wildlife and other natural resources. ...
Kim Yutharo
https://www.phnompenhpost.com/national/ministry-gendarmerie-align-for-forest-wildlife-protection
Street Vendors Day calls for support
The Independent Democratic Informal Economy Association abbreviated (IDEA) and OXFAM in Cambodia on November 15 celebrated the 11th International Street Vendors Day, with the aim of promoting labour rights and calling for social protection for street vendors. ...
Chea Sokny
https://www.phnompenhpost.com/national/street-vendors-day-calls-for-support
SME Bank to allocate $50 million in funds for Siem Reap tourism boost
The allocation of funds through the Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) is expected to be a vital and timely force in supporting and reviving businesses in Siem Reap province. The move comes in response to the continued arrival of foreign ...
May Kunmakara
https://www.phnompenhpost.com/national/sme-bank-to-allocate-50-million-in-funds-for-siem-reap-tourism-boost
Electrical machinery sales close to double as tech exports surge
Cambodia’s exports of electrical machinery, equipment and related products surpassed $2.4 billion in the first nine months of 2023, marking an increase of nearly double compared to the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/electrical-machinery-sales-close-double-tech-exports-surge
Siem Reap, Liaoning finalise deal to aid tourism, cultural exchange
Siem Reap provincial authorities anticipate an influx of Chinese tourists following the recent memorandum of understanding (MoU) signed with China’s Liaoning province. ...
May Kunmakara
https://www.phnompenhpost.com/business/siem-reap-liaoning-finalise-deal-aid-tourism-cultural-exchange
Digital system boosts business registrations
Over 31,000 businesses, boasting a combined capital exceeding $8.9 billion, have successfully completed their registration through the Online Business Registration System (OBRS) via its IT Platform phase 1. ...
Hin Pisei
https://www.phnompenhpost.com/business/digital-system-boosts-business-registrations
Goal of sustainable food system by 2030 outlined
Professional organisations in the nation’s food sector are uniting in a call for collaborative efforts to fortify the system, ensuring food security and nutrition for all while enhancing resilience to climate change challenges. ...
Bor Pich Zelin
https://www.phnompenhpost.com/national/goal-sustainable-food-system-2030-outlined