Cambodia’s banking sector is looking to establish a collective fund to help recoup staff training expenses lost from competitors poaching employees off one another, Grant Knuckey, CEO of ANZ Royal said yesterday. Speaking at the launch of ANZ Royal’s business confidence index in Phnom Penh yesterday, ...

Villagers from forest communities in nine provinces called on the government yesterday to take action after alleging that “the rich and powerful” are causing the “serious destruction” of their livelihoods. The villagers, with the support of two NGOs – the Children’s Development Association and Community Peace-Building ...

National parks and other protected areas are being gutted at a rapid rate in Stung Treng and Ratanakkiri by private business interests, among them the powerful Try Pheap Group, a report launched yesterday claims, though authorities have disputed certain figures.The report, titled Logs and Patronage: ...

The general manager of Cambodian mobile operator Beeline has left the company, following brand-owner Vimpelcom’s selloff of Vietnamese assets and a more than US$500 million over-valuation of its Cambodia and Vietnam markets. General manager Gael Campan’s departure raised questions about Amsterdam-based Vimpelcom’s future in the Kingdom, ...

TST Group Holding, the Taipei-listed major textile producer, has announced plans to expand its business operations in Cambodia to assist in the current lack of textiles imports because of the Novel Coronavirus. ...

Business advocates are continuing to call on the Cambodian government to further support the local economy during and after the COVID-19 pandemic – through the implementation of collateral-free working loans and new policies to encourage more foreign direct investment in the Kingdom. ...

The Phnom Penh Municipal Hall is studying the possibility of building three new underground roadways in the capital to ease traffic congestion. Meas Pheakdey said on Wednesday that municipal specialists are busy studying the potential impacts of the roads and estimating costs. ...

Hospitality groups continue to call on the government to provide an exit strategy from the lockdown of the Kingdom’s bars, clubs and KTV’s – so struggling owners can implement business plans, but some are deciding to quit. ...

The Ministry of Tourism has instructed all local tourism-related businesses to implement additional preventive measures, including the prohibition of mass gatherings at local resorts, to prevent the spread of COVID-19 following the “November 28 community incident”. ...

The upcoming national holidays will increase accommodation fees and prices of other tourism services after so many businesses lost money for a half year after closing because of COVID-19. More people are expected to travel nationwide. ...

Top Planning Japan Co Ltd is working with a local cashew nut processing business owner to set up a plant in Kampong Thom province’s southwestern Kampong Svay district in a bid to champion Cambodian finished products. ...

The Association of Banks in Cambodia (ABC), the Cambodia Microfinance Association (CMA) and the Cambodian Association of Finance and Technology (CAFT) have issued a statement strongly encouraging their customers, the public and business owners to both settle accounts and accept payments electronically via digital platforms. ...

Most retail businesses in Phnom Penh have seen a substantial plunge in sales since the February 20 community transmission, which continues to spread across the capital and to the provinces. ...

Nine international business chambers have called on the General Department of Taxation (GDT) to extend the deadline for filing tax on income for fiscal year 2020 past March 31 in light of economic pressure caused by the Covid-19 pandemic. ...

Agriculture and Rural Development Bank of Cambodia (ARDB) expects to receive an additional $30 million from the government for special-purpose loans to keep the Kingdom’s smaller businesses afloat amid the ongoing economic duress of Covid-19, according to the state-owned bank’s director-general Kao Thach. ...

The private sector rejoiced as the government on March 25 announced its eight round of measures to keep businesses afloat and stimulate economic growth as the Kingdom grapples with surging novel coronavirus infections. ...

Prime Minister Hun Sen has said that oil revenues will have less of an impact in the short term on the country’s overall economy than other traditional business sectors. His statement was made during a joint ceremony for the inauguration of  the Chamkar Mon Water ...

Three cooperate-bond-listed firms on February 15 reported solid business-performance recovery in the fourth quarter of last year resulting from proactive government measures that kept economic activities afloat despite the spread of the Covid-19 pandemic. ...

On 24 March 2021, the World Wildlife Fund (WWF) issued a statement on the cooperation partnerships report in 2020. Generally, the cooperation between WWF and the private sector is taken in three ways such as driving sustainable business practices, communication and awareness-raising activities, and philanthropic relationships.  ...

Cambodia Microfinance Association (CMA) on April 27 urged its members to release more credit to customers as the spread of Covid-19, exacerbated by the February 20 community transmission is having a huge impact on all businesses, especially in Phnom Penh and Takmao town. ...