News

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 ...

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. ...

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. ...

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 ...

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

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 ...

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 ...

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 ...

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.  ...

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 ...

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. ...

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. ...

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 ...

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. ...

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. ...

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. ...

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, ...

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 ...

Finance Minister Aun Porn Moniroth has sent the National Bank of Cambodia an order to freeze the bank accounts of four business tycoons for allegedly failing to make good on a number of deals with the state, according to a ministry official and local media. The ...

The tax imposed on the export of acacia chips is to be abolished to help boost exports of the locally grown raw product, Prime Minister Hun Sen announced on Monday. Speaking at the grand opening of Aeon Mall, Hun Sen said that acacia chips exported to ...

The National Assembly approved changes to the country’s customs law yesterday, in order to comply with Association of Southeast Asian Nations intergration standards. The changes demand border operations increase human resources, reduce paperwork and modernise procedures in order to simplify border exchange and facilitate trade between ...

The sole retailer of Mercedes-Benz cars into the country, Hung Hiep (Cambodia) Co., has suspended imports since January over what it claims is a new import duty on luxury cars coming into the country. Other luxury car importers including Porsche, Audi, BMW and Jaguar Land Rover, ...

Following a scathing report from its internal watchdog about the resettlement of thousands of Cambodian families affected by a national railway rehabilitation project that it is funding, the Asian Development Bank has agreed with the government on an action plan for further compensation, it said ...

The French Agency for Development (AFD) has pledged $359 million in grants and loans to Cambodia over the next three years, state news agency AKP reported Friday. ...