News

Despite Land Loss, Minorities Back Status Quo

Romam Gvin could be described as a counterintuitive voter. Intuition might lead you to believe that Mr. Gvin blames the government for the loss of his land to the Vietnamese rubber company that now owns everything for as far as the eye can see here in ...

http://www.cambodiadaily.com/elections/despite-land-loss-minorities-back-status-quo-34786/

Cambodia collects 470 mln USD in tax in first half of 2013

Cambodia’s General Department of Taxation said Tuesday that it had collected 470 million U.S. dollars of tax in the first six months of this year, up 21 percent compared with the same period last year. The country earned the tax of 740 million U.S. dollars ...

http://news.xinhuanet.com/english/world/2013-07/09/c_132525765.htm

BoC is set to expand after rapid growth

Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...

http://www.phnompenhpost.com/2013042265138/Business/boc-is-set-to-expand-after-rapid-growth.html

Bank of China to raise business operations in Cambodia: deputy-governor

The Bank of China is going to expand its business operations in Cambodia after it was launched here two years ago and seen rapid business growth, Zhu Shuming, visiting deputy governor of Bank of China, said Friday. Speaking at a meeting with Chea Chanto, governor of ...

http://english.peopledaily.com.cn/90778/8214949.html

Tax revenues increase by 22.9 per cent

The Kingdom’s tax revenues increased by more than 20 per cent in the first quarter of 2012 compared with the same period last year. Officials said the rise reflects an influx of new buinesses and investments. Opposition lawmakers, however, claim that the numbers are still far ...

http://www.phnompenhpost.com/2013041265054/Business/tax-revenues-increase-by-22-9-per-cent.html

Cambodia's economy to grow by 7 pct in 2013: finance minister

Cambodia’s economy is projected to grow by 7 percent this year, Deputy Prime Minister and Finance Minister Keat Chhon said Friday. He said the growth still is contributed by garment exports, tourism, agriculture, real estate and construction. Last year, Cambodia’s GDP per capita was nearly 1,000 ...

http://news.xinhuanet.com/english/business/2013-03/29/c_132271714.htm

Diversify crop exports: official

CAMBODIA needs greater diversification of its exports – especially in the agricultural sector – in order to achieve sustainable economic growth, a senior official said yesterday. Economy and Finance Minister Keat Chhon raised the issue during the annual meeting of the Ministry of Commerce. Commerce Minister ...

http://www.phnompenhpost.com/2013032062041/Business/diversify-crop-exports-official.html

Boeung Kak Evictees Ask City Hall For Better Compensation

About 100 women forcibly evicted from Phnom Penh’s Boeung Kak neighbourhood protested outside City Hall yesterday asking for upgrades to the compensation they accepted under duress to give up their homes. The women said they were representing 739 of the more than 3,000 families forced out ...

http://www.cambodiadaily.com

Finance Minister Lauds Boeng Kak's Tax Bill

The Finance Ministry has sent a letter to well-known businesswoman Choeung Sopheap thanking her for paying her taxes on the highly controversial filling in of Phnom Penh’s Boeng Kak lake, and holding her firm up as an example of corporate professionalism. Though Shukaku Inc., which is ...

http://www.cambodiadaily.com/news/finance-minister-lauds-boeng-kaks-tax-bill-11863/

Cambodia begins to construct 3-storey stock market building in capital center

Cambodia’s Securities Exchange (CSX) on Monday broke ground for the construction of a 3-storey building in the heart of Phnom Penh, the country’s capital. “The construction of the building reflects the government’s firm stance in developing the stock market and the building will build ...

http://news.xinhuanet.com/english/world/2013-01/28/c_132133406.htm

After 6 Years, No Solution in Minority's Land Case

Ethnic minority Jarai families in Ratanakkiri province locked in a land dispute with Keat Kolney, the sister of Finance Minister Keat Chhon, yesterday marked the sixth anniversary of inaction in the court compliant they filed accusing Ms. Kolney’s firm of taking 450 hectares of their ...

http://www.cambodiadaily.com

ADB to provide 230 mln USD to Cambodia for development projects

The Asian Development Bank (ADB) on Thursday signed up to provide 230 million U.S. dollars to Cambodia for six development projects, aiming at promoting inclusive growth and reducing poverty in Cambodia, according to the bank’s media statement. The financing agreements were inked between Eric Sidgwick, country ...

http://news.xinhuanet.com/english/world/2013-01/17/c_132109387.htm

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