News

Digital economy needs 10 years

Cambodia’s digital economy remains at a nascent stage and will need at least 10 years to grow and aim for a technology-driven economy, said Minister of Economy and Finance Aun Pornmoniroth. Speaking at the national consultation workshop on Policy and Direction of Cambodia’s Digital Economy ...

Hor Kimsay
https://www.phnompenhpost.com/business/digital-economy-needs-10-years

Cambodia’s tax revenue enjoys rise once again

The General Department of Taxation (GDT) collected over $2 billion in tax revenue last year, up 13.37 per cent from the same period in 2017, according to a statement released by the department on Tuesday. At the December 2018 tax collection revenue meeting, General Department ...

Post Staff
https://www.phnompenhpost.com/business/cambodias-tax-revenue-enjoys-rise-once-again

Number of factory openings up last year

Last year saw a notable increase in the number of factory openings, with 178 new plants coming online, 28 more than in 2017, according to the Ministry of Industry and Handicrafts. ...

Chea Vannak
https://www.khmertimeskh.com/50569629/number-of-factory-openings-up-last-year/

Road repairs increased last year

The Transport Ministry repaired more roads last year when compared to work done in 2017, according to its annual report. In the report issued on Wednesday, the ministry noted it repaired a total of 9,671 kilometres of national and provincial roads, an increase when compared ...

Sen David
https://www.khmertimeskh.com/50568071/road-repairs-increased-last-year/

Government gets $110M to restore National Road 4

Work on the $110 million National Road 4 upgrading project in the Kingdom’s main economic corridor could start as early as next year, a Ministry of Public Works official has said. The project, which will affect a more than 200km stretch of road, will take ...

Hin Pisei
https://www.phnompenhpost.com/business/government-gets-110m-restore-national-road-4

Tax collection rises by 10 percent in Q1

The General Department of Taxation collected more than $761 million in taxes during the first three months of the year, a slight increase of about 10 percent compared to the same period in 2017. ...

May Kunmakara
https://www.khmertimeskh.com/50484337/tax-collection-rises-by-10-percent-in-q1/

Government reveals new budget reform strategy

Prime Minister Hun Sen on Friday announced the government’s new strategy for budget reform aimed at enhancing the sound management of public funds. Dubbed ‘Budget system reform programme for 2018-2025’, the new blueprint for the country’s budgetary policy was presented to the public during the ...

Sok Chan
https://www.khmertimeskh.com/50303602/government-reveals-new-budget-reform-strategy/

Tax revenue rises 20%

Tax revenue in the first seven months of the year was $955 million, an increase of 18.91 percent over the same period last year, according to a report from the General Department of Taxation (GDT). ...

Sum Manet
http://www.khmertimeskh.com/news/28505/tax-revenue-rises-20-/

Cambodia and World Bank expand development engagement to reduce poverty and share prosperity

The government of Cambodia and the World Bank today signed agreements for four projects to improve road surfaces, manage fisheries, improve livelihoods from agriculture in targeted rural communities, and increase access to health care, with funding from the International Development Association, or IDA, the World ...

Bou Saroeun
http://www.worldbank.org/en/news/press-release/2016/06/09/cambodia-and-world-bank-expand-development-engagement

Stock exchange ready for SMEs

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...

Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/

Singapore, Cambodia sign tax treaty

Singapore and Cambodia have entered into a double taxation avoidance agreement to boost cross-border trade and investment between the two countries. ...

Mary Swire
http://www.tax-news.com/news/Singapore_Cambodia_Sign_Tax_Treaty____71308.html

Korea Gives $13 mil for Flood Project

Korea will provide a $13.3 million concessional loan to renovate the Stung Siem Reap Phase II flood mitigation project after a deal signed yesterday between the Ministry of Economy and Finance and the Korea Export and Import Bank. ...

Sok Chan
http://www.khmertimeskh.com/news/23335/korea-gives--13-mil--for-flood-project/

Ticket sales for Angkor Wat to go online

A new online ticketing system for the Kingdom’s biggest tourist draw, Angkor Wat, will be introduced to provide faster and convenient service to tourists, while increasing the transparency and clarity of ticket sales revenues.   ...

Sor Chandara
http://www.phnompenhpost.com/business/ticket-sales-angkor-wat-go-online

ADB plans to provide​​ 880 million USD financing to Cambodia

The Asian Development Bank (ADB) plans to provide financing totally about 880 million US dollars to Cambodia for 2016 – 2018. According to a press release from the Ministry of Economy and Finance, which was released yesterday. ...

Sok Chan
http://bit.ly/1PjBn8G

ADB provides US$67 mln in loan for three projects in Cambodia

Asian Development Bank (ADB) provided US$67 millions in loan to support and improve water supply, tourism and financial sectors in Cambodia. The loan agreement was signed Thursday between Aun Pornmoniroth, Cambodia’s Minister of Economy and Finance, and Eric Sidgwick, ADB Country Director for Cambodia. ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/adb-provides-us67-mln-in-loan-for-three-projects-in-cambodia-7889

ADB provides nearly 99 mln USD to Cambodia for 3 projects

The Asian Development Bank (ADB) on Monday signed to provide grant and loan agreements worth nearly 99 million U.S. dollars to Cambodia for three development projects, the bank said in a press statement.​ The agreements cover a rural roads improvement project, a technical and vocational ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-10/27/c_133746073.htm

Cambodian, Thai stock market regulators ink cooperation deal

Cambodian and Thai securities market regulatory authorities on Wednesday signed a Memorandum of Understanding (MoU) on consultative cooperation and information exchange in stock markets. The deal was inked between Ming Bankosal, director general of the Securities and Exchange Commission of Cambodia (SECC), and Vorapol Socatiyanurak, secretary ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-04/02/c_133233007.htm

French give $26 million for irrigation

The French Agency for Development will provide $26 million in loans to the Cambodian government to rehabilitate irrigation systems across three provinces in the northwest. Speaking at the signing ceremony for the deal yesterday, Aun Pornmoniroth, the Minister of Economy and Finance, said the new systems ...

Chan Muy Hong
http://www.phnompenhpost.com/business/french-give-26-million-irrigation

Cambodia's rural communities to get sustainable energy access

The Asian Development Bank (ADB) and Government of Australia are expanding access to economical and reliable energy for rural Cambodian households, including through the promotion of cookstoves in Svay Rieng and Kampong Cham provinces. A $6.1 million Australian Aid grant, administered by ADB, will finance ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YTc1MDdmNzhlNTM

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