News

Ministry sees strong growth for Kingdom

Cambodia should continue to see steady economic growth at about 7 percent this year despite potential investor caution that could arise ahead of July’s national election, officials from the Ministry of Economy and Finance (MEF) said on Wednesday. ...

Hor Kimsay
https://www.phnompenhpost.com/business/ministry-sees-strong-growth-kingdom

Government wage hikes depend on cost cutting

Slashing unnecessary spending by ministries will allow the government to guarantee a monthly minimum wage of $250 for civil servants in time for the 2018 national election, a secretary of state at the Finance Ministry said on Tuesday.   ...

Kang Sothear
http://www.cambodiadaily.com/news/government-wage-hikes-depend-on-cost-cutting-114142/

Cambodia’s close China ties concern observers

Cambodia’s large and growing debt to its northern ally China is a growing concern for observers who worry about the undue influence this may afford the regional superpower. ...

Hul Reaksmey
http://www.voacambodia.com/a/cambodia-close-china-ties-concern-observers/3352146.html

Cambodian farmers ‘undermined by flood of imports’

Vegetables, fruit and other food products imported from neighboring countries are undermining domestic agricultural production and steps need to be taken to assist the industry here, a forum was told yesterday. ...

Chea Vannak
http://www.khmertimeskh.com/news/22538/cambodian-farmers----undermined-by-flood-of-imports---/

Draft law to join china-led development bank passes national assembly

The draft law to join the China-led Asian Infrastructure Investment Bank passed the National Assembly yesterday with lawmakers from both the ruling and opposition party supporting it, saying it will  open the door to a new source of funding for the development of the Kingdom’s ...

Sok Chan
http://www.khmertimeskh.com/news/19860/draft-law-to-join-china-led-development-bank-passes-national-assembly/

Nine Companies Barred From State Projects for Not Paying Tax

The Ministry of Finanace in August barred nine local companies from working on government infrastructure projects for allegedly failing to pay tax owed on several projects funded by foreign money, government and company officials said yesterday. The move by Finance Minister Keat Chhon to freeze ...

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