News

Gov’t launches revenue strategy

The government launched the Revenue Mobilisation Strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ...

Thou Vireak
https://www.phnompenhpost.com/business/govt-launches-revenue-strategy

China increases rice import quota

Four days after the EU imposed tariffs on rice imported from Cambodia, China agreed on Monday to increase its import quota for Cambodian rice to 400,000 tonnes this year from the previous 300,000 tonnes. If Cambodia can supply the quantity under the new Chinese quota, ...

Hor Kimsay
https://www.phnompenhpost.com/business/china-increases-rice-import-quota

Cambodian rice to lose EU duty-free status

The Cambodian rice sector is set to lose its duty-free export status to the EU today – its major rice market – after the European bloc decided to impose tariffs on rice from Cambodia and Myanmar to curb a surge in such imports. ...

Hor Kimsay
https://www.phnompenhpost.com/business/cambodian-rice-lose-eu-duty-free-status

Camcontrol may leave border

Prime Minister Hun Sen recently unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. At a dinner with 5,000 Cambodian journalists on Friday, ...

Hor Kimsay
https://www.phnompenhpost.com/business/camcontrol-may-leave-border

Increase in rice facilities boosts price of Kingdom’s paddy rice

As a result of more rice facilities constantly being installed, the price of paddy rice for the 2018-2019 season was between 900 riel and 1,300 riel ($0.22 and $0.32) per kg, an increase on the previous season, according to industry insiders. Cambodia Rice Federation vice-president ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/increase-rice-facilities-boosts-price-kingdoms-paddy-rice

CPS urges tax breaks for SMEs

The Centre for Policy Studies yesterday urged the government to consider reducing tax on some imported agriculture equipment to support farmers and increase the rate of modernisation. CPS director Chan Sophal said during a Cross Talk discussion with Khmer Times yesterday that recently the agriculture ...

Pech Sotheary
https://www.khmertimeskh.com/50550677/cps-urges-tax-breaks-for-smes/

Moody’s warns about impact of ‘shift in political relations’

The government’s plan to take a new $2 billion loan for next year’s budget will increase the debt burden to 31.5 per cent of the GDP next year, an analyst from credit rating agency Moody’s said, adding that it remained at a moderate level compared ...

Hor Kimsay
https://www.phnompenhpost.com/business/moodys-warns-about-impact-shift-political-relations

Hun Sen calls for caution amid China-US trade war

Prime Minister Hun Sen warned on Tuesday that a developing trade war between the US and China could affect Cambodia, and said the Kingdom must act to mitigate any potential fallout. In March, US President Donald Trump’s administration slapped tariffs on global imports of steel ...

Ben Sokhean
https://www.phnompenhpost.com/national/hun-sen-calls-caution-amid-china-us-trade-war

Concern over trade deal’s investor dispute mechanism

A civil society organisation has raised concerns about the proposed Regional Comprehensive Economic Partnership (RCEP), claiming that one provision of the sweeping trade agreement would limit the Kingdom’s ability to draft socially beneficial policies. ...

Kali Kotoski
http://www.phnompenhpost.com/business/concern-over-trade-deals-investor-dispute-mechanism

First-ever FDI survey identifies $20B in capital inflow

Foreign direct investment (FDI) to Cambodia over a 20-year period – from 1994 to 2014 – is estimated to have reached $19.2 billion and was heavily weighed by inflows of capital from China, according to the first-ever comprehensive survey on FDI, released yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/first-ever-fdi-survey-identifies-20b-capital-inflow

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