01Cambodia Revises Election Law

Cambodia's general election is approaching, Cambodian Prime Minister Hun Sen has instructedMinistry of the Interior and Ministry of JusticeStrive to complete the modification and selection within half a monthJufa,It is stipulated that voters who do not vote in the general election will lose their eligibility to run,Also willUnable to participate in the next general election or other elections.When Hun Sen comforted the factory workers,Explain againYesReasons for amending the law, emphasizing that the amendment complies with constitutional provisionsIt is the responsibility of citizens to participate in voting, and only citizens who fulfill their responsibilities are eligible to participate in the election.

It is reported that the opposition party in Cambodia is calling on voters to boycott the July 23rd general election, using the slogan "it is my right not to vote" and promoting it in places such as Canada and the United States. Hun Sen stated that in every election, the opposition has called on voters to boycott the election, and even some have accused him of purchasing nationality from another country. In order to prove his innocence, he has revised the nationality law to stipulate that state leaders must not hold foreign nationality. Now, he is forced to modify the election law again.

It is reported that Cambodian Prime Minister Hun Sen has been in power continuouslyIn 38 years, he was the longest serving head of government in the world. He led Cambodia out of the shadow of war and carried out post-war reconstruction, with high prestige among the Cambodian people. In this election, he was also the strongest candidate.

01Thai economy may lose 36 billion baht due to extreme weather conditions

Recently, the Joint Executive Committee of Industry and Commerce and Bank of Thailand stated that extreme weather conditions, including droughts and floods, may cause a loss of 36 billion Thai baht to the Thai economy this year. Drought is particularly worrying as it may seriously affect agriculture and manufacturing, further hindering the country's already sluggish exports. According to data from the Ministry of Commerce, in the first four months of 2023, Thailand's exports decreased by 5.2% year-on-year to 92 billion yuandollarImports decreased by 2.2% to $96.5 billion, resulting in a trade deficit of $4.51 billion.

The relevant department has submitted an application seeking cooperation with the governmentCollaborate to mitigate the impact of drought. For example, promoting farmers to adopt innovative technologies to save water resources, adopting new equipment to reduce, reuse, and recycle water, accelerating the construction and layout of water transfer networks, etc., to ensure that investment projects, especially those in the Eastern Economic Corridor, can continue to operate.

02Cambodia's first gold refinery extracts 6.7 tons of gold in two years

According to data from the Ministry of Mines and Energy of Cambodia,As of this yearAt the beginning of June, Australian Revival Mining had extracted 6727 kilograms of gold.ThecompanyalreadytowardsCambodiaGovernment pays royalties and tax agreements10.22 million US dollars.

The gold refinery located in Ukwa District, Gaoxima County is the first gold refinery in Cambodia, which will be officially put into operation on June 21, 2021, and will be developed and smelted by Australia Renaissance Mining. The Cambodian government disclosed that Fuxing Mining plans to mine all gold mines in Ukwa District in eight years, with an estimated annual income of 185 million dollars, from which the Cambodian government will collect about 60 million dollars in royalties and taxes.

June 2022,CambodiaReply from State Taxation AdministrationXingming Mining has issued the highest level of legal complianceThe "Gold Taxpayer" certificate affirms its highly responsible and compliant performance of taxpayer obligations in accordance with the law.So far, CambodiaThe Ministry of Mines and Energy has issued several mining areas with Gold mining licenses, which are respectively located in Kratié province, Preah Vihear province Province, Mondulkiri Province Province, Radanakiri Province and Battambang province Province.