The government collected $800 million in tax revenue during the first 11 months of the year, an increase of 17.3 percent compared to the same period last year, according to a statement issued Thursday by the General Department of Taxation.
Trucks and other vehicles have been backed up for up to a kilometer on either side of the Poipet border checkpoint for the past three days due to administrative changes on the Thai side, according to Cambodian officials.
An official at the Telecommunication Regulator of Cambodia said Wednesday that the body plans to review and possibly lower the current minimum price per call after it recently ordered the country’s seven mobile phone operators to abide by a law that sets minimum call prices.
Greater government spending on education is crucial to ensuring future economic growth and stability in Cambodia as it becomes increasingly interconnected with global markets, Christine Lagarde, managing director of the International Monetary Fund, said Tuesday in a speech at the Royal School of Administration in Phnom Penh.
The government has ordered the country’s seven mobile phone operators to abide by a law that sets minimum prices for calls, ultimately ending their lucrative top-up and bonus deal promotions, according to an order sent from the Council of Ministers to phone companies and the Telecommunication Regulator of Cambodia.
Banteay Meanchey province’s former governor got a surprise Monday when he attended a ceremony in Phnom Penh expecting to receive a donation of 200 power tillers from Chinese officials, but received eight small water pumps instead.
Customs officers along Cambodia’s border have been instructed to increase their efforts to properly inspect and tax products coming into the country, which has increased the cost of imports and led to a rise in retail prices for a host of goods, government officials, businessmen and economists said.
A majority of Cambodians would likely purchase microinsurance for their health and crops but are not doing so because they don’t know about the insurance options available to them, and insurance companies lack the cash to expand their services, experts said Monday.
Malaysian telecommunications company Axiata Group Berhad reported Wednesday that its Cambodian brand Smart has seen strong growth in the first nine months of the year, with revenue increasing by 36 percent compared with the same period last year.
Low-quality education is jeopardizing business growth in Cambodia, and local graduates will not be employable in skilled jobs if the government does not quickly implement educational reforms, business executives warned Thursday at the Cambodian Market Intel 2013 seminar in Phnom Penh.