The gov’t to establish a committee to ensure the stability of the financial system.
The World Bank to approve the disbursement of $1 billion to Cambodia.
France to support the development of the Kingdom’s power transmission network.
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.
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.
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.
The SME Bank, a government initiative to enhance access to funding for local SMEs, will come online late this year.
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.
Government and private sector reiterate calls for all SMEs to join the regulatory fold.
A new loan agreement with the Asian Development Bank for $250 million to finance projects in key development areas.
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.
Loan providers are asked to ease the burden on farmers affected by recent floods.
The European Union will continue to support economic management in the Kingdom.
Cambodia’s foreign policy strategy has been chiefly shaped and driven by “economic pragmatism,” meaning the alignment of foreign policy with economic development interests.
The deadline to pay the stamp tax has been extended until September 30.
AIA (Cambodia) Life Insurance Plc and Amret Microfinance yesterday strengthened their cooperation in bancassurance with the official signing of a partnership agreement.
The Gov’t is calling on developers to submit proposals for low-cost housing projects.
Manulife and Japan-owned Sathapana Bank launch a new distribution partnership.
The government releases sub-decree to enhance efficiency in non-tax revenue.
The Ministry of Economy and Finance yesterday launched a new $2-million fund to increase small farmers’ access to credit.
The Ministry of Economy and Finance issued a sub-decree this week detailing taxation requirements for oil production operations in the Kingdom.
Climate change will continue to impact economic performance.
THE government has plans to hold a workshop on the gaming industry in September.
Cambodia must move fast to make the most of the recent tax reform in the US.
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.
An official from Ministry of Economy announces his support of workers migration to abroad to earn higher wages.
Cambodia and South Korea sign a new loan agreement worth $64 billion.
Agriculture plays a crucial contribution to economic growth, but a dramatically slowdown in the last 5 years has led to concern.
In the last 24 years, Cambodia has made debt service payments of about $1.14 billion to development partners.
The government of Cambodia says it will enforce quality testing on imported vehicles at border check-points.