Defense Ministry official asks for military-plate tax exemption

A Defense Ministry official has requested that vehicles bearing Royal Cambodian Armed Forces (RCAF) license plates be exempt from paying the country’s road tax, noting that a recent increase in inspections by tax officials could hurt “military officers’ feelings.” ...

Hul Reaksmey

New lotto company enters a shrinking industry

A Hong Kong company is hoping to attract a sizeable slice of Cambodia’s lottery market with the opening of outlets in Phnom Penh and around the country next month, according to the CEO of the firm’s local subsidiary. EGame Solutions, the parent company of Cambodian Mark ...

George Styllis

Cambodia bond a possibility

The launch of an unrated Laotian government bond on Thailand’s bond market could pave the way for Cambodia to issue its own government bond denominated in Thai baht. The Bangkok Post reported yesterday that Thailand’s Finance Ministry and Public Debt Management Office had allowed Cambodia, Vietnam ...

Hor Kimsay

Hun Sen says civil servants to get tax break

Prime Minister Hun Sen said on Thursday that civil servants making less than 800,000 riel, or about $200, a month will be exempt from paying income taxes, just days after the Finance Ministry sent a very different message to the country’s garment workers. ...

Hul Reaksmey

Cambodian king appoints new chief for customs and excise department

The Finance Ministry’s general department of customs and excise is getting a new boss after the long-serving general department chief Pen Siman retires, according to a royal decree released to the media Tuesday. ...

Xinhuanet News Staff

As two prisons are built, use of funds is questioned

Samraong City, Oddar Meanchey province – In December, Kuy Bunsorn, director-general of the General Department of Prisons (GDP), announced that ground would be broken on two new prisons in Pailin and Oddar Meanchey provinces to alleviate chronic overcrowding. Mr. Bunsorn said that the Ministry of Finance ...

Lauren Crothers and Ouch Sony

Amid overcrowding, inmates build new prison

Even within the country’s notoriously overcrowded prison system, inmates in this northern province live in particularly harsh conditions. Approximately 120 prisoners, including 16 women and three children, are held in four cells in the Oddar Meanchey provincial police headquarters. “In one cell we keep 20 or more ...

Lauren Crothers and Ouch Sony

Protesting families demand answers from ADB

Phnom Penh families who face losing a part of their land to a railway rehabilitation project being funded primarily by the Asian Development Bank (ADB) protested in front of the bank’s country headquarters Monday over what they say has been a lack of transparency about ...

Aun Pheap and Zsombor Peter

Media agencies warned about gambling ads

The Ministry of Information last week warned media organizations not to publish or broadcast advertisements from gambling outlets unless they have permission from the government to do so, according to a ministry notice obtained Tuesday. “The ministry previously advised [media outlets] to stop all types ...

Hul Reaksmey

Vendors see justice in arrest

The Friday arrest of a local businesswoman who holds the municipal contract to collect parking and stall fees from markets citywide on breach of trust charges came as no surprise to many vendors, aggrieved by what they say are her unfair business practices. Cheav Vibol, deputy ...

Khouth Sophak Chakrya

Customs agreement gets green light at NA

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 ...

May Kunmakara

For Union Leader on Run, Militant Attitude Prevails

Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...

Hul Reaksmey

Customs and Excise Director to retire

Pen Siman, the general director of the Ministry of Finance’s general department of customs and excise, will retire in October, according to a royal decree signed by King Norodom Sihamoni and reprinted Wednesday in local media. Dated April 3, the royal decree instructs Prime Minister Hun ...

Hul Reaksmey

Dreamworld operator sees revenue drop

Entertainment Gaming Asia (EGA), which operates casinos and slot machines in Cambodia and the Philippines, recorded a 9 percent drop in revenue last year compared to 2012, from $26.8 million to $24.3 million, according to the company’s annual report. EGA operates casinos in Pailin and Poipet ...

Simon Henderson

Kings of concessions

Vietnam and China lead the pack of foreign companies granted economic land concessions in Cambodia for agro-industrial development by a wide margin, new data released by the Ministry of Agriculture, Forestry and Fisheries show. According to the ministry’s annual report, released last month, since 1993 the ...

May Titthara

Civil servants given go-ahead to denounce lax bosses in media

A month after a call for civil servants to strike for higher pay, Prime Minister Hun Sen on Monday ordered government ministries to ensure that staff are paid on time, and said that otherwise workers could air their grievances in the press. The prime minister’s remarks, ...

Khy Sovuthy

ADB to provide USD773 mln in loan for development projects in Cambodia

Ministry of Finance said that Asian Development Bank (ADB) would provide USD773 million in loan for implementation of economic development projects from 2014-2016 in Cambodia. Of the loan, USD573 million would be provided by ADB, while another USD200 million would be lended by another partner through ...

The Cambodia Herald News Staff

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