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Category: Money

Explore opportunities to boost your income in Cambodia with Angkor Times. From insightful blogs on starting a business, investing, and making money online, to updates on the latest trends in startups and SMEs in Cambodia, this category offers practical tips and strategies to help you succeed in the Cambodian market. Stay informed and take your financial journey to the next level.

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Angkor Times
Angkor TimesExperienced
Asked: April 23, 2026In: Money

ADB Commits 29.3 Billion in 2025

Record Support to Tackle Uncertainty The Asian Development Bank has stepped up its role across Asia and the Pacific, committing 29.3 billion US dollars from its own resources in 2025. The announcement, made in Manila through its latest ...Read more

Record Support to Tackle Uncertainty

The Asian Development Bank has stepped up its role across Asia and the Pacific, committing 29.3 billion US dollars from its own resources in 2025. The announcement, made in Manila through its latest annual report, highlights how the institution is responding to a rapidly changing global environment by helping countries manage risks while unlocking new opportunities. The scale of support reflects a clear push to strengthen resilience, drive development, and support long term economic stability across the region.

Golden harvest with farmers and machinery

Stronger Impact with Expanded Financing

ADB President Masato Kanda emphasized the significance of this milestone, noting the bank delivered unprecedented levels of support during the year.

This marks a 20 percent increase compared to 2024, signaling a major expansion in financing capacity and outreach. The expected outcomes are substantial, with more than 3.3 million jobs projected to be created and over 180 million people set to benefit from these initiatives. This demonstrates how financial commitments are being translated into real economic and social impact across member countries.

Diverse Financing Channels Drive Development

The 29.3 billion US dollars in commitments includes a wide mix of financial tools such as loans, grants, equity investments, guarantees, and technical assistance. These efforts were further strengthened by an additional 14.7 billion US dollars mobilized from development partners. A strong emphasis was placed on private sector development, which received 5.5 billion US dollars, reflecting the bank’s strategy to stimulate business growth and investment. At the same time, about half of public sector financing was directed toward infrastructure and reform programs designed to unlock further investment and improve economic efficiency.

Regional Allocation Highlights Strategic Focus

ADB’s funding was carefully distributed across regions to address specific development needs and priorities. South Asia received the largest share, followed closely by Southeast Asia and Central and West Asia. East Asia and the Pacific also benefited from targeted support, alongside funding for regional cooperation projects. The allocation can be summarized as follows for clarity:

1. South Asia received 9.7 billion US dollars
2. Southeast Asia received 9 billion US dollars
3. Central and West Asia received 8.3 billion US dollars
4. East Asia received 1.4 billion US dollars
5. Pacific received 680 million US dollars
6. Regional projects received 302 million US dollars

Key sectors funded include finance, transport, and public sector management, all of which play a central role in driving sustainable growth and improving governance.

Reforms Strengthen Future Capacity

Beyond financing, ADB made significant progress in institutional reform during 2025. One of the most notable changes was an amendment to its charter that removes lending limits, allowing the bank to increase its financing capacity by up to 50 percent. Additional reforms include an updated energy policy aimed at improving access and strengthening energy security, as well as streamlined procurement processes to accelerate project delivery. The bank also introduced a new approach to support critical minerals value chains, recognizing their importance in renewable energy and digital technologies. These reforms position ADB to respond more effectively to evolving development challenges in the years ahead.

Conclusion

ADB’s 29.3 billion US dollar commitment in 2025 reflects more than just financial scale. It signals a strategic shift toward greater flexibility, stronger partnerships, and deeper impact across Asia and the Pacific. With expanded funding, targeted sector support, and meaningful institutional reforms, the bank is reinforcing its role as a key driver of regional development. As countries continue to navigate uncertainty, ADB’s approach offers a clear pathway to transform challenges into long term opportunities.

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Angkor Times
Angkor TimesExperienced
Asked: August 7, 2026In: Money, Work

PM Says Digital Education Will Drive Cambodia’s Next Economic Leap: Which Digital Skills Will Employers Be Looking For?

Cambodia is placing digital education at the heart of its long term economic transformation as the government works to prepare the country for a technology driven future. Speaking in Phnom Penh during the graduation ceremony of about 4,000 students ...Read more

Cambodia is placing digital education at the heart of its long term economic transformation as the government works to prepare the country for a technology driven future. Speaking in Phnom Penh during the graduation ceremony of about 4,000 students at the Royal University of Law and Economics on Thursday, Prime Minister Hun Manet outlined plans to strengthen digital learning, improve workforce skills, and accelerate Cambodia’s transition from a labour based economy to one powered by innovation, technology, and knowledge. The initiative forms part of the government’s broader vision to improve national competitiveness while preparing citizens for rapidly changing global economic and technological trends.

Hun Manet Says Digital Education Will Drive Cambodia's Next Economic Leap

The Prime Minister said expanding digital education will help create a more skilled workforce capable of meeting future labour market demands. By integrating online learning into education, improving digital infrastructure, and encouraging lifelong learning, Cambodia hopes to build stronger human capital that supports sustainable economic growth and prepares the country for the opportunities of the digital era.

Digital Skills Become a National Priority

Speaking during the graduation ceremony and the inauguration of a new six storey building at the Royal University of Law and Economics in Phnom Penh, Prime Minister Hun Manet praised the university for producing skilled graduates who continue contributing to Cambodia’s social and economic development.

PM Says Digital Education Will Drive Cambodia's Next Economic Leap

He noted that nearly 28 years of peace have enabled Cambodia to make remarkable progress while adapting to major global challenges including technological advances, economic transformation, public health issues, and climate change. According to the Prime Minister, maintaining this momentum now depends on investing more heavily in education, innovation, and digital capability.

“Our long-term national socio-economic development strategy prioritises people while adding technology as a new priority to shift Cambodia’s economic model from reliance on labour to one based on skills and technology,” he emphasised.

Pentagonal Strategy Focuses on People and Technology

Hun Manet explained that the government’s Pentagonal Strategy places people at the centre of national development while introducing technology as a key pillar for future economic growth.

He said Cambodia is improving education quality, expanding vocational training, strengthening both technical and soft skills, and offering reskilling and upskilling programmes to help workers adapt to changing labour markets and digital technologies.

“The government is also improving working conditions in both the public and private sectors through institutional and governance reforms, greater meritocracy and enhanced incentive systems,” he added.

These reforms are designed to ensure Cambodian workers remain competitive as industries increasingly adopt automation, artificial intelligence, and digital technologies.

Digital Policies Aim to Prepare Cambodia for Industry 4.0

The Prime Minister highlighted several national policies supporting Cambodia’s digital transformation, including the Cambodia Digital Economy and Society Policy Framework 2021 to 2035 and the Cambodia Digital Government Policy 2022 to 2035.

These long term strategies seek to build a modern digital economy, create a smarter government, encourage innovation, and prepare Cambodia for Industry 4.0 technologies, particularly artificial intelligence. They also aim to improve educational quality, increase efficiency, expand equal learning opportunities, and foster innovation throughout the education system.

Hun Manet stressed that continued investment in human capital will be essential as Cambodia faces increasing competition in global labour markets and evolving geopolitical and economic conditions.

Schools Encouraged to Expand Online Learning

To strengthen digital education nationwide, Hun Manet called on educational institutions to work closely with the Ministry of Post and Telecommunications to improve digital infrastructure across schools.

He encouraged wider use of online learning platforms, greater access to lifelong education, and more inclusive digital learning opportunities that allow students across the country to develop stronger technological skills regardless of location.

According to the Prime Minister, expanding digital education will help produce digitally skilled citizens capable of supporting Cambodia’s future economic ambitions.

Experts Say Skilled Workers Are Essential for Future Growth

Socioeconomic researcher and analyst Chey Tech believes Cambodia’s investment in digital education is closely linked to its long term national development goals.

He noted that Cambodia aims to graduate from Least Developed Country status by 2029, become an upper middle income country by 2030, and achieve high income status by 2050. Reaching those milestones will require significant improvements in workforce quality.

“To move forward, Cambodia needs to promote high-technology and heavy industries that create higher-paying jobs, enabling workers to earn incomes that are consistent with the country’s development ambitions,” he said.

Tech also stressed that workers must continuously upgrade their skills through training programmes offered by government institutions, private companies, and the Ministry of Labour and Vocational Training.

“Students should acquire technical and digital skills that match today’s technological landscape, support the growth of Cambodia’s industrial sector, and contribute to the country’s journey towards upper-middle-income status and ultimately high-income status by 2050,” he said.

Digital Transformation Supports Cambodia’s Economic Vision

Cambodia’s Digital Economy and Society Policy Framework 2021 to 2035 provides the roadmap for building a vibrant digital economy by encouraging digital adoption across government, businesses, and society. The framework is designed to create new engines of economic growth while improving public services and social welfare in an increasingly digital world.

As Cambodia prepares for the next stage of its economic development, strengthening digital education and investing in human capital are expected to play a central role in creating a highly skilled workforce capable of competing on the global stage.

Conclusion

Cambodia’s commitment to digital education reflects a broader national strategy to transform its economy through innovation, technology, and skilled human capital. By expanding online learning, strengthening digital infrastructure, and investing in workforce development, the government hopes to prepare future generations for Industry 4.0 while supporting the country’s ambition of becoming an upper middle income economy by 2030 and a high income nation by 2050. Success will ultimately depend on sustained collaboration between government, educational institutions, businesses, and learners who are willing to embrace lifelong digital learning.

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Vanvutha Leang
Vanvutha LeangExperienced
Asked: March 31, 2021In: Money

What should we know about New Tax Audit in Cambodia?

The Ministry of Economy and Finance (“MEF”) released Prakas 270 on Tax Audits (“Prakas 270”) on March 13, 2019, in an effort to streamline the tax audit process as part of the government’s large-scale economic reforms, increase transparency in tax ...Read more

The Ministry of Economy and Finance (“MEF”) released Prakas 270 on Tax Audits (“Prakas 270”) on March 13, 2019, in an effort to streamline the tax audit process as part of the government’s large-scale economic reforms, increase transparency in tax payments and collections, and encourage a fair and competitive market climate. The following are some specific tax audit concerns of which readers should be aware.

1. Retention of supporting documents

All registered taxpayers in Cambodia are required by law to keep supporting documentation for their accounting records and tax returns for a period of ten years. Taxpayers that are unable to find required records from previous years may be subject to additional tax penalties and reassessments that are excessive. The GDT would not recognize as legitimate reasons for this failure, such as a lack of trained staff to identify appropriate supporting documents, a lack of a proper filing system for accounting records and supporting documents, or a lack of information transfer between former and current accounting personnel.

Related: What types of tax audits might your business be subject to?

2. The following are the variations between monthly and annual tax returns

Multiple figures input in monthly tax returns with those input in annual TOI returns, such as taxable turnover (B0), wage cost (B20), and so on, are often compared by tax auditors. Taxpayers also neglect to produce or retain records of such reconciliations.

3. Permanent establishment

Most taxpayers, including multinational corporations, fail to understand the complexities of permanent establishment issues and, as a result, fail to seek the appropriate professional advice regarding their commercial arrangements. As a result, an overseas affiliate may be considered to have a business presence in Cambodia, producing Cambodian-sourced profits subject to Cambodian taxation.

Related: The Ultimate Guide to Starting a Business in Cambodia

4. Transfer pricing documentation

Some taxpayers seem to be taking a “wait-and-see” approach to the recently enacted transfer pricing regulations. Taxpayers who engaged in related party transactions but did not prepare the transfer pricing documents needed by Prakas 986 for the 2018 tax year are likely to be targeted for tax audits, as this would suggest a high risk of tax non-compliance.

What should we know about New Tax Audit in Cambodia?

What should we know about New Tax Audit in Cambodia?

Related: What attachments are required to register a property?

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SOVANN
SOVANNExperienced
Asked: January 12, 2021In: Money

Is Buying Real Estate in Cambodia Safe?

In a word, yes. Foreigners enjoy freehold ownership and total control over their properties if things are done correctly. Yet it’s important, especially for soft title properties, to speak with the neighbors and look at the land office’s public record. Make ...Read more

In a word, yes. Foreigners enjoy freehold ownership and total control over their properties if things are done correctly.

Yet it’s important, especially for soft title properties, to speak with the neighbors and look at the land office’s public record. Make certain there are no other claims over the property you’re buying.

Although rare, it’s not unheard of for people to sell properties that are mortgaged or otherwise disputed. This can be easily avoided with proper due diligence.

It’s also important to remember that foreigners cannot own soft title or hard title properties in their own name legally – only strata titles.

If you don’t wish to incorporate and form a real estate holding company, your sole option is to find a local nominee to hold the property on your behalf and bind him/her down with several contracts. That would require help from an attorney.

Buying Real Estate in Cambodia Safe

Buying Real Estate in Cambodia Safe

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Angkor Times
Angkor TimesExperienced
Asked: November 3, 2023In: Money

What Drove Angkor Park’s Remarkable Revenue Surge in 2023?

In 2023, the revenue generated by Angkor Park witnessed a remarkable surge, with over 600,000 international tourists purchasing tickets to explore the Angkor Archaeological Park within the first ten months of the year. This surge in visitor numbers led ...Read more

In 2023, the revenue generated by Angkor Park witnessed a remarkable surge, with over 600,000 international tourists purchasing tickets to explore the Angkor Archaeological Park within the first ten months of the year. This surge in visitor numbers led to a substantial boost in revenue for Angkor Enterprise, the state entity responsible for overseeing ticket sales, with the total revenue nearing $28 million. This figure represents an astounding increase of over 300% when compared to the same period in 2022.

The data outlined in the November 1 report reveals that 602,570 foreign tourists graced the Angkor Park with their presence between January and October, contributing to total ticket sales of $27.88 million. When compared to the corresponding period in the prior year, there was a notable 255.82% increase in visitor numbers and an even more impressive 312.35% rise in revenue. These statistics underscore the growing popularity of this archaeological treasure in Cambodia.

Furthermore, Angkor Enterprise diversified its revenue streams by accumulating $590,948 from ticket sales at the Koh Ker archaeological site. This site, another UNESCO World Heritage Site, served as the capital of the Khmer Empire between 921 and 944 CE and is located in the neighboring Preah Vihear province. Additionally, Angkor Enterprise generated revenue from the Chong Kneas floating village in Siem Reap, with ticket sales reaching values of $149,010 and $441,938, respectively.

Kong Sambath, the vice-president of the Cambodia Chinese Tour Guide Association (CCTGA), noted that despite the waning concerns related to Covid-19, the influx of tourists to Siem Reap’s temples has not yet matched the pre-2020 levels. Nonetheless, he remains optimistic about future growth. Sambath anticipates that the upcoming inauguration of the new Siem Reap-Angkor International Airport (SAI) and diplomatic visits by Cambodian officials, particularly to China, will further boost tourist numbers. As a tour guide, he holds hope that these diplomatic interactions, particularly with China, will play a pivotal role in amplifying the number of tourists visiting Cambodia.

Khieu Thy, president of the Khmer Angkor Tourist Guide Association, observed that while there has been a steady increase in visitors to Siem Reap’s temples, the global economic crisis has cast a shadow on the rate of growth. This crisis has impacted potential tourists’ disposable income, emerging as a new challenge for travelers. Though travel restrictions have eased in comparison to the years 2020-2022, financial constraints have become a prevailing concern for those considering a visit to the region. However, Thy expects a positive shift in the fourth quarter, traditionally a busy period for the province.

For reference, it’s worth noting that in 2022, Angkor Enterprise reported earnings of $11,783,916 from foreign visitor ticket sales. This figure included a breakdown of $11,528,158 from the Angkor Archaeological Park, $90,450 from Koh Ker, and $165,308 from Chong Kneas. This context serves as a reference point to understand the significant increase in revenue in 2023.

The year 2019 marked a milestone with a record number of tourists, welcoming over 6.6 million arrivals and leading to ticket sales that surpassed an impressive $80.7 million.

Established in 2016, Angkor Enterprise operates under the technical guidance of the tourism ministry and the financial guidance of the Ministry of Economy and Finance. The entity’s revenue sources extend beyond the Angkor park, encompassing ticket sales for the Koh Ker temple complex and boat tickets at the Chong Kneas floating village.

The ticketing structure for the Angkor park features three tiers, catering to different visitor preferences and durations of stay. These include one-day passes priced at $37, three-day passes at $62, and seven-day passes at $72. This tiered pricing system allows visitors to choose the option that best suits their exploration plans within the park.

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