Ministry announces financial stability committee
The gov’t to establish a committee to ensure the stability of the financial system.
Tag: Ministry of Economy
World Bank to provide $1 billion in assistance, Ministry says
The World Bank to approve the disbursement of $1 billion to Cambodia.
France to support development of Cambodian electrical grid
France to support the development of the Kingdom’s power transmission network.
Cambodia has repaid 19 pct of external debt: Ministry
Following erroneous reports in local media, the Ministry of Economy and Finance yesterday clarified that public debt stood at $7.02 billion as of the end of 2018 and that the country has already repaid 19 percent.
Cambodia has repaid 8 percent of its debt: report
From 1993 to 2018, the government repaid $1.3 billion of its debt to development partners, roughly 8 percent of the country’s external debt, according to an official report on the country’s public debt.
One-stop platform for business registration
The Ministry of Economy and Finance has presented a proposal for the creation of a platform that will centralise all services needed to register a company in Cambodia.
SME Bank to come online this year
The SME Bank, a government initiative to enhance access to funding for local SMEs, will come online late this year.
CO forms not needed for export unless required in destination
Local exporters are not required to produce a certificate of origin (CO) at Cambodian customs if the document is not required by authorities in the destination country.
Register now or miss out on tax breaks, ministry says
Government and private sector reiterate calls for all SMEs to join the regulatory fold.
ADB signs $250 million loan deal
A new loan agreement with the Asian Development Bank for $250 million to finance projects in key development areas.
Adapting to Industry 4.0 a top priority: Ministry
Cambodia is prioritising the adoption of new technologies in manufacturing and encouraging investment in sectors that are undergoing rapid technological innovation, according to a senior government official.
Central Bank asks lenders to help flood-stricken farmers
Loan providers are asked to ease the burden on farmers affected by recent floods.
EU extends support to economic management programme
The European Union will continue to support economic management in the Kingdom.
Economic pragmatism in Cambodia’s foreign policy
Cambodia’s foreign policy strategy has been chiefly shaped and driven by “economic pragmatism,” meaning the alignment of foreign policy with economic development interests.
Deadline for stamp tax payment extended
The deadline to pay the stamp tax has been extended until September 30.
AIA Cambodia and Amret team up
AIA (Cambodia) Life Insurance Plc and Amret Microfinance yesterday strengthened their cooperation in bancassurance with the official signing of a partnership agreement.
Government to incentivise low-cost housing projects
The Gov’t is calling on developers to submit proposals for low-cost housing projects.
Manulife, Sathapana partner up to spread insurance awareness
Manulife and Japan-owned Sathapana Bank launch a new distribution partnership.
New sub-decree aims to manage non-tax revenue collection
The government releases sub-decree to enhance efficiency in non-tax revenue.
Ministry unveils new fund to support non-rice crop production
The Ministry of Economy and Finance yesterday launched a new $2-million fund to increase small farmers’ access to credit.
Government issues regulation on taxing oil production operations
The Ministry of Economy and Finance issued a sub-decree this week detailing taxation requirements for oil production operations in the Kingdom.
Climate change to slash Cambodia’s productivity: report
Climate change will continue to impact economic performance.
Seminar on gaming industry set for September
THE government has plans to hold a workshop on the gaming industry in September.
US trade reform and dispute with China good for exports: Ministry
Cambodia must move fast to make the most of the recent tax reform in the US.
Discussing technological disruption with Vong Seyvisoth
Khmer Times’ May Kunmakara met with His Excellency Vong Seyvisoth, Secretary of State at the Ministry of Economy and Finance, on the sidelines of ADB’s annual conference in Manila, Philippines, last week.
Official encourages worker migration
An official from Ministry of Economy announces his support of workers migration to abroad to earn higher wages.
South Korea bankrolls new water project
Cambodia and South Korea sign a new loan agreement worth $64 billion.
Agriculture hits the doldrums
Agriculture plays a crucial contribution to economic growth, but a dramatically slowdown in the last 5 years has led to concern.
Public debt ‘stays within safe limits’
In the last 24 years, Cambodia has made debt service payments of about $1.14 billion to development partners.
Fresh scrutiny for car imports
The government of Cambodia says it will enforce quality testing on imported vehicles at border check-points.
