News

Ministry approves computer budget for schools

The Finance Ministry has approved a budget for the Education, Youth and Sport Ministry to spend on computers and printers for public schools. Finance Minister Aun Pornoniroth in a letter on Friday said the budget is to facilitate a part of the Education Ministry’s reform ...

Pech Sotheary
https://www.khmertimeskh.com/50572826/ministry-approves-computer-budget-for-schools/

SECC cuts transaction fees for derivative trades

The Securities and Exchange Commission of Cambodia (SECC) has decided to slash transaction fees on derivative trading, a move the SECC claims will help spur future trades. ...

Hor Kimsay
http://www.phnompenhpost.com/business/secc-cuts-transaction-fees-derivative-trades

For ‘police’ vehicles, no tax, no problem

Prime Minister Hun Sen has quashed an attempt by the Ministry of Finance to collect back taxes owed on 470 police vehicles, granting them tax-exempt status after a request from the Ministry of Interior. The request, dated September 8, was approved on Tuesday. ...

Mech Dara and Andrew Nachemson
http://www.phnompenhpost.com/national/police-vehicles-no-tax-no-problem

Police asked to pay vehicle tax

The owners of vehicles sporting police number plates must pay vehicle taxes by the end of the month or face having their vehicles impounded, according to the Ministry of Economy and Finance. In a letter to Interior Minister Sar Kheng, Economy and Finance Minister Aun Ponmoniroth ...

Pech sotheary
http://www.khmertimeskh.com/news/29374/police-asked-to--pay-vehicle-tax/

Cambodia hosting valuers congress

Cambodia is hosting the two-day 19th ASEAN Valuers Association (AVA) Congress, the first time it has been held in the Kingdom. ...

Sum Manet
http://www.khmertimeskh.com/news/24665/cambodia-hosting-valuers-congress/

Illegal timber to become school buildings

Cambodia’s schoolchildren could soon attend class in unusually luxurious buildings if Prime Minister Hun Sen has his way. Yesterday the premier granted the government’s entire stockpile of illegally-felled timber – some of which is highly sought after rosewood – to the Ministry of Education to ...

Ven Rathavong and Taing Vida
http://www.khmertimeskh.com/news/23489/illegal-timber-to-become-school-buildings/

Minister confirms purchase of shares in China-led Development Bank

The government will spend $62.3 million to buy 623 shares of the China-led Asian Infrastructure Investment Bank (AIIB), paving the way for it to obtain funds from the bank for infrastructure development, Minister of Economy and Finance Aun Porn Moniroth confirmed during a meeting at ...

May Kunmakara
http://www.khmertimeskh.com/news/19054/minister-confirms-purchase-of-shares-in-china-led-development-bank/

Minister of Economy and Finance talks 2016 budget

The National Assembly passed the government’s $4.3 billion budget for 2016 this week, which includes a plan to take on nearly $1 billion in foreign debt. The Post’s Siv Meng sat down with Aun Porn Moniroth, Minister of Economy and Finance, to discuss the revenue ...

Siv Meng
http://www.phnompenhpost.com/business/minister-economy-and-finance-talks-2016-budget

New online taxation system makes its debut

All tax registration and payments by companies has been centralized and the process streamlined this week by the General Department of Taxation (GDT), which also unveiled an online registration and payment system for companies here.  ...

Sok Chan
http://www.khmertimeskh.com/news/16626/new-online-taxation-system-makes-its-debut/

New salary bump for civil sector employees

Civil servants will see their salaries raised again from January as part of incremental annual pay increases scheduled through 2018, the government announced yesterday.Next year’s raise will mean about 200,000 civil servants will have their basic salaries increased by 12 per cent from the current ...

Chhay Channyda
http://www.phnompenhpost.com/national/new-salary-bump-civil-sector-employees

SME board possible this year

Market regulator Securities and Exchanges Commission of Cambodia and Cambodia Securities Exchange are looking at reducing some of the current initial public offering requirements, as a way to attract more small- and medium-size businesses to list on the flagging exchange. ...

May Kunmakara
http://www.phnompenhpost.com/business/sme-board-possible-year

Prime Minister announces hefty raises for ruling party staffers

Prime Minister Hun Sen on Wednesday called on his ruling party to give its staffers a base salary on par with the country’s lowest paid teachers plus 30 percent, roughly matching the raises teachers, nurses, police and soldiers will be seeing this year. ...

Hul Reaksmey
https://www.cambodiadaily.com/news/prime-minister-announces-hefty-raises-for-ruling-party-staffers-80745/

MEF sets target for tax revenue

The Cambodian government is aiming to increase its revenue collection to $3.78 billion for 2015, on the back of strong tax and customs income. A directive signed by Monaster of Economy and Finance Aun Porn Moniroth on Monday says $2.75 billion will be collected via current ...

Hor Kimsay
http://www.phnompenhpost.com/mef-sets-target-tax-revenue

S. Korea provides USD 56 million loan for road projects

South Korea has granted Cambodia USD 56.1 million loan for restoration of National Road number two from Kandal’s Takmao town to Daun Keo town, and National Road number 22 from Ou Chambork to Ang Tasourm. ...

The Cambodia Herald​ News Staff
http://thecambodiaherald.com/cambodia/s-korea-provides-usd-56-million-loan-for-road-projects-8188

Cambodia weighs oil stockpile as global price nosedives: PM

Cambodian Prime Minister Hun Sen said Tuesday that the government is studying the possibility to purchase petroleum for a stockpile as global oil price is going down. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-02/10/c_133983437.htm

Details still murky for 2015 budget

A request for more information about the proposed $3.75 billon national budget has been denied and the bill will now likely pass through the National Assembly next week relatively unchanged, opposition lawmaker Son Chhay said yesterday. ...

Shane Worrell
http://www.phnompenhpost.com/national/details-still-murky-2015-budget

Assembly’s finance commission requests more details on budget

The National Assembly’s banking and finance commission met Monday to discuss the proposed $3.8-billion budget for 2015, with lawmakers from both parliamentary parties agreeing that more specific details are needed before they can evaluate the plan, according to the commission’s deputy chairman, Son Chhay. Mr. Chhay, ...

Alex Willemyns and Hul Reaksmey
http://www.cambodiadaily.com/news/assemblys-finance-commission-requests-more-details-on-budget-72034/

Finance commission to discuss 2015 budget

The National Assembly’s mixed-party commission on finance will meet Monday to begin discussing the 2015 draft budget, its deputy chairman said Sunday. CNRP chief whip Son Chhay said the CPP-chaired committee would meet this morning to discuss the $3.8 billion budget and plan a meeting with ...

Alex Willemyns
http://www.cambodiadaily.com/news/finance-commission-to-discuss-2015-budget-71945/

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