Stamp Duty Revenue in 2022 Increases 12.7% Y-o-Y
In 2022, stamp duty revenue from real estate ownership transfers collected by the General Department of Taxation (GDT) increased by 12.7% compared to 2021, according to a GDT press release on 31 January. In 2022, GDT collected a total of US$3.4 billion, equivalent to 122.54% of the financial law plan for the management of 2022, a 23.96% y-o-y increase. In 2022, other tax revenue also maint...
Read More61 Mining Companies Operating in Kratie as of 2022
Kratie province currently has 61 mining companies in operation with 65 licenses, according to Kratie Governor HE Vathorn during a press conference on 31 January. Those companies include five metal mining research companies, one gold mining business, 25 granite mining companies, eight gravel, sand, & stone mining factories, and 22 land excavation firms. The gold mining business in Samb...
Read MoreUS$10-million Techo Sen Koh Thom Hospital More Than 80% Complete
Construction on the Techo Sen Koh Thom Hospital is 80.51% completion, according to Minister of Public Works and Transport HE Sun Chanthol during the inauguration ceremony of the Prek Chrey Commune Health Centre in Koh Thom district, Kandal province on 31 January. The minister said that construction progress is on schedule and set for completion very soon. The hospital is being built with a...
Read MoreGov’t to Build Three New Roads in Kratie Before Khmer New Year 2023
Three major infrastructure projects were set to begin construction before Khmer New Year, while plenty more are coming during the course of 2023, confirmed Kratie Governor HE Va thorn on 31 January. The three road infrastructure projects include a 31.25km of NR7 section from the Kratie roundabout to Svay Chres commune, 35.5 km of PR377 from Preap Sar roundabout to Sambo district, and 13.5km of...
Read MoreDetail Study on New Waterway Connecting Tonle Bassac to Kep Set for Completion
The Ministry of Public Works and Transport (MPWT) will release a detailed study of the new waterway connecting Tonle Bassac to Kep very shortly, confirmed MPWT Minister HE Sun Chanthol on 30 January. According to the study, the project will have three gates including a gate from the Mekong River to the Bassac River, a gate in Takeo, and a gate in Kep to stabilise the water level. "These t...
Read More48 companies investing in 200k ha of concessional land in Kratie
Kratie province has currently 48 companies investing in 198,970 hectares of economic land concessions, while more than 10 companies and enterprises are operating and planning to set up new factories in the province, according to Kratie Governor HE Va Thorn on 31 January. He said 86,374 hectares of land in Kratie is used forrubber plantation, 73,989 hectares for cassava, 64,917 hectares for cash...
Read MoreTax Exemption for Tourism & Hotel Business in Siem Reap Continues for Three More Months
The government has decided to extend the tax exemption for tourism and hotel businesses in Siem Reap for another three months from January to March 2023, according to an official press release on 30 January. The exemption includes all types of monthly taxes, except value-added tax, for hotels, guesthouses and travel agencies registered with the General Department of Taxation and doing business...
Read MoreCambodia Imports Construction Materials Worth US$1.3bn in 2022
Cambodia imported construction materials valued at over US$1.3 billion in 2022, according to an official report published recently. Imports of steel was valued at US$447 million, while cement was at US$25 million. The report added that Cambodia imported major goods worth a total of US$29.943 million, an increase of 4% compared to 2021. (Read more) In 2022, Cambodia exported major goods ...
Read MoreCambodia-International Trade Valued at Over US$52bn in 2022
Cambodia-international trade volume reached approximately US$52.42 billion as of 2022, an 9.1% y-o-y increase, according to Minister of Commerce HE Pan Sorasak on 30 January. Cambodia's export volume was at US$22.48 billion, a 6% y-o-y increase while import volume was at US$29.94 billion, also an increase of 4%. Meanwhile, the import value of construction materials, steel and cement saw a ...
Read MoreMinistry of Commerce Registers Over 10,000 New Businesses in 2022
10,701 new businesses were registered at the Ministry of Commerce in 2022, up 40% from 2021, according to a report from the ministry released on Monday 30 January. There were 888 companies removed from the business list last year, an increase of 34% compared to 643 companies in 2021, read the report. There were more than 6,200 companies applying for licenses electronically, the ministry ...
Read MoreTelecom Ministry: Phone Carrier Service in Boreys Improves Significantly Following New Rules
After the Ministry of Posts and Telecommunications set out new regulations and closely monitored internet and phone carrier service providers, the quality of the signal and service for both sectors has improved significantly. Minister of Posts and Telecommunications HE Chea Vandeth said that after the action was taken, the service has been improved by 70%. HE Chea Vandeth assigned eight w...
Read MoreCDC Approves Three Investment Projects Worth US$18m in Kandal & Takeo Provinces
The Council for the Development of Cambodia (CDC) has given permits for three private firms to invest a total of US$18 million to establish three factories in Takeo and Kandal provinces. “NEW TARGET FOOTWEAR (CAMBODIA) CO., LTD” will invest US$7.5 million to establish a shoe factory in Tipat village, Cheang Tong commune, Tram Kak district, Takeo province. “GOLDEN ISLAND GARMENTS (CAMBODIA)...
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