The Phnom Penh Post

Be mindful of informal financing, NBC warns

The National Bank of Cambodia (NBC) and National Police on February 2 issued a joint statement warning of the risks associated with informal financial services, which it said could put borrowers in excessive debt or otherwise upend their lives. ...

May Kunmakara
https://www.phnompenhpost.com/business/be-mindful-informal-financing-nbc-warns

Trade with Malaysia soars 23% to $620M in 2022

The merchandise trade volume between Cambodia and Malaysia totalled $620.373 million in 2022, rising by 23.33 per cent over a year earlier, with Cambodian exports accounting for a 18.03 per cent share, down by 2.11 percentage points on a yearly basis, according to the General ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-malaysia-soars-23-620m-2022

Commercial Court could function ‘as early as 2024’: Justice ministry officials

A Ministry of Justice official said that a Commercial Court could be established and put into action as soon as 2024. Addressing the February 2 “AmCham Business Law Conclave: Critical Updates That You Need to Know for 2023” in Phnom Penh, justice ministry secretary of state ...

Orm Bunthoeurn
https://www.phnompenhpost.com/business/commercial-court-could-function-early-2024-justice-ministry-officials

Expressway services, ramps, updated on Google maps

Phnom Penh-Sihanoukville Expressway have upgraded their service by marking all entrances, exits and rest areas on Google maps, for the convenience of travelers. ...

Post Staff
https://www.phnompenhpost.com/national/expressway-services-ramps-updated-google-maps

World Wetlands Day marked with calls to action

The Ministry of Environment and several institutions marked February 2, World Wetlands Day with an event that increased public awareness of the value and the role of wetlands and their current conditions. Presiding over the event in Battambang province, environment ministry secretary of state Srun ...

Post Staff
https://www.phnompenhpost.com/national/world-wetlands-day-marked-calls-action

State revenues from gold production top $15M

Cambodia has netted more than $15 million from gold production as of end-December, which has yielded over 5.3 tonnes of dore bars – a semi-finished product that is smelted at a mine, usually at about 90 per cent purity – since the first commercial gold ...

May Kunmakara
https://www.phnompenhpost.com/business/state-revenues-gold-production-top-15m

PM pats GDT chief on back after record tax revenues

Prime Minister has congratulated General Department of Taxation (GDT) chief Kong Vibol on a job well done after the agency last year collected revenues equivalent to 122.54 per cent of the target set by the annual financial management law, in the “highest surplus of all ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-pats-gdt-chief-back-after-record-tax-revenues

Bassac sea-link to reach Kampot seaport: ministry

A key study on a proposed waterway link from the Bassac River to the sea in the Kampot-Kep region has been completed, the transport ministry reported, revealing plans for the project to connect to a “seaport” in Kampot province, igniting hopes for a solid pop ...

Hin Pisei
https://www.phnompenhpost.com/business/bassac-sea-link-reach-kampot-seaport-ministry

Trade bodies CBC, IDI team up

The Bangkok-based Cambodia Business Council (CBC) and local Innovation and Development Investors Association (IDI) have joined forces to engage with and attract more investors as well as to improve Cambodian exports regionally and globally. ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-bodies-cbc-idi-team

Ten new factory approvals means ‘over 20K’ more jobs

The Council for the Development of Cambodia (CDC) notices issued in January reveal that it has greenlit 10 new projects worth nearly $100 million, all in the manufacturing industry: eight involved in textiles and two in light bulbs. ...

Hin Pisei
https://www.phnompenhpost.com/business/ten-new-factory-approvals-means-over-20k-more-jobs

Local, Finnish Red Crosses set to assist four provinces

The Cambodian Red Cross (CRC) has signed an agreement with the Finnish Red Cross (FRC) on a programme to promote humanitarian and community health activities in four provinces. ...

Yuth Vireak
https://www.phnompenhpost.com/national/local-finnish-red-crosses-set-assist-four-provinces

India, Cambodia mark 70 years with 70 trees

Indian and Cambodian officials on January 30 planted 70 trees at Jayavarman-Norodom Phnom Kulen National Park in Siem Reap, in a ceremony held to commemorate the 70th anniversary of diplomatic relations between the two nations and to inspire people to care for the forest. ...

Ry Sochan
https://www.phnompenhpost.com/national-politics/india-cambodia-mark-70-years-70-trees

Action plan set to safeguard Tonle Sap Lake

An inter-ministerial committee tasked with combating fisheries crimes at Tonle Sap Lake has issued a five-point action plan designed to preserve it as a natural resource for long-term public interests. ...

Rann Reuy
https://www.phnompenhpost.com/national/action-plan-set-safeguard-tonle-sap-lake

A grade grads meeting PM

The Ministry of Education, Youth, and Sport said the more than 1,000 students who earned A grades in last year’s high school examinations are set for their February 2 meeting with Prime Minister Hun Sen. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/grade-grads-meeting-pm

Ministry reminds rubber plantations on fire prevention

The Ministry of Agriculture, Forestry and Fisheries’ General Directorate of Rubber (GDR) issued four-point fire prevention guidelines to rubber plantation owners, as the autumn sees the trees shedding their leaves. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/ministry-reminds-rubber-plantations-fire-prevention

Action plan set to safeguard Tonle Sap Lake

An inter-ministerial committee tasked with combating fisheries crimes at Tonle Sap Lake has issued a five-point action plan designed to preserve it as a natural resource for long-term public interests. The committee, led by Minister of Agriculture, Forestry and Fisheries Dith Tina, finalised the plan during ...

Rann Reuy
https://www.phnompenhpost.com/national/action-plan-set-safeguard-tonle-sap-lake

Int’l trade rises as commerce ministry lays out 2023 plans

Cambodia’s 9.19 per cent on-year rise in foreign trade value to the $52.425 billion logged by Customs for 2022 was driven by “in-depth reforms in all areas”, improvements in export competitiveness, and an increasingly favourable business and investment environment, according to Minister of Commerce Pan ...

Hin Pisei
https://www.phnompenhpost.com/business/intl-trade-rises-commerce-ministry-lays-out-2023-plans

‘Eco-tourism’ development on the cards for Koh Thmey isle

Local company HTTH Island Investment Co Ltd is reportedly studying the feasibility of a 16.68sq km “eco-tourism” development project on Koh Thmey island, just southeast of Prey Nop district’s Ream National Park in Preah Sihanouk province. ...

May Kunmakara
https://www.phnompenhpost.com/business/eco-tourism-development-cards-koh-thmey-isle

Salt, fish sauce, crayfish set for GI tag

Three local products are in the final stages of domestic geographical indication (GI) registration, with another not far behind, the Ministry of Commerce reported, raising hopes that the protected status would allow producers to expand their footprint globally, and promote a surge in the value ...

Hin Pisei
https://www.phnompenhpost.com/business/salt-fish-sauce-crayfish-set-gi-tag

Private trade centres eyed for five cities across China

The Ministry of Commerce plans to set up five Cambodian private business centres in China to step up the Kingdom’s exports to the East Asian giant and maximise use of the bilateral free trade agreement (FTA) between the two countries, the ministry’s two-day annual meeting ...

Hin Pisei
https://www.phnompenhpost.com/business/private-trade-centres-eyed-five-cities-across-china

Marine plastic issue discussed

State institutions and development partners are gathering input on strategies for the efficient management of marine debris, especially plastic waste, in the tourist destinations of the Kingdom’s coastline. ...

Lay Samean
https://www.phnompenhpost.com/national/marine-plastic-issue-discussed

New National Road 4-Bokor road nearing usability

The Ministry of Public Works and Transport announced that more than 40km of the space for the 61km new road has been cleared. The road will connect Bokor National Park to National Road 4. ...

Sem Pisey
https://www.phnompenhpost.com/national/new-national-road-4-bokor-road-nearing-usability

PM set to provide lawyers to women in ‘entertainment services’ industry

Prime Minister Hun Sen instructed Ky Tech, the head of his pro bono legal aid team, to provide legal advice and representation to women working in the entertainment sector across the country in order to protect the rights of women in an industry where they ...

Lay Samean
https://www.phnompenhpost.com/national/pm-set-provide-lawyers-women-entertainment-services-industry

GDT intends to simplify tax payments for all businesses

Cambodian taxes can currently be paid at 10 commercial banks, thanks to memorandums of understanding (MoU) signed by the Ministry of Economy and Finance in a bid to improve tax administration efficiency and make life easier for taxpayers, according to a General Department of Taxation ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-intends-simplify-tax-payments-all-businesses

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