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‘Life goes on’ if Cambodia loses Everything But Arms

Cambodia’s business sector is exploring ways to mitigate any fallout from a possible loss of access to the EU’s Everything But Arms (EBA) agreement as talks continue before the 28-member bloc makes a final decision. The EU monitoring process is set to conclude in mid-August, ...

Husain Haider
https://www.phnompenhpost.com/national/life-goes-if-cambodia-loses-everything-arms

PM: Utility bill to be separated

Prime Minister Hun Sen on Tuesday ordered that waste collection fees be removed from electricity invoices issued by Cambodian national utility company Electricite du Cambodge (EdC). The decision will take effect from January. The move came a day after the government revoked the business licence ...

Long Kimmarita
https://www.phnompenhpost.com/national/pm-utility-bill-be-separated

Change of the guard

With the ASEAN Economic Community (AEC) expected to intensify business competition across the region, Thailand’s biggest industrial conglomerate expects to rise to the challenge under a new leader.Kan Trakulhoon is retiring as president and chief executive of Siam Cement Group (SCG) after a decade at ...

Nareerat Wiriyapong
http://www.bangkokpost.com/business/news/808916/change-of-the-guard

Turkish brands seek expansion in Cambodia

Turkish cosmetics brands looking to push further into the Southeast Asian market have met in the Cambodian capital, an embassy official said Wednesday. A joint economic commission was also set up that month by Cambodian Commerce Minister Sun Chanthol and Turkey’s Minister for Science, Industry ...

Lauren Crothers
http://aa.com.tr/en/turkey/turkish-brands-seek-expansion-in-cambodia/484526

Microfinance success stories from the countryside

When Chheung Rattana was married a few years ago, the only thing she and her new husband inherited from their families was a small plot of land to grow rice on. It was a tough start for the newlyweds, who decided that the only way ...

May Kunmakara
http://www.khmertimeskh.com/news/22923/microfinance-success-stories-from-the-countryside/

Postal service to launch e-commerce

The state-owned Cambodia Post will launch an online shopping platform in March in a move to tap the current rise in e-commerce activity. Ork Bora, director-general of the Cambodia Post, told Khmer Times yesterday that after about a year of studying e-commerce, the state-owned enterprise decided ...

May Kunmakara
http://www.khmertimeskh.com/news/33904/postal-service-to-launch-e-commerce/

PTT prepares 800 million baht for expansion into Cambodia, Laos

The PTT Public Company Limited is looking to invest 800 million baht in energy business expansion in Cambodia and Laos in the next five years. The PTT planned to open 4-5 more gas stations in Laos and Cambodia each. The Thai energy giant already has 14 ...

http://www.pattayamail.com/business/ptt-prepares-800-million-baht-for-expansion-into-cambodia-laos-16808

Cambodia Least Competitive in Region on Global Index

Cambodia is the one of the least competitive countries in the region, hampered by corruption, a poorly educated workforce and inefficient government, according to a recent study. The annual Global Competitive Index, conducted by the World Economic Forum, showed a large uptick in reported corruption for ...

http://www.voacambodia.com/content/cambodia-least-competitive-in-region-on-global-index/1559776.html

Factory Workers Continue to Strike for Higher Wages

About 4,000 garment workers from factories that produce clothing for international brands H&M, Gap and Levi Strauss continued protesting yesterday in Phnom Penh for higher wages, union representatives said. Singaporean-owned SL Garment Processing (Cambodia) Ltd. parked three large trucks in front of their Meanchey district factories ...

BoC is set to expand after rapid growth

Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...

http://www.phnompenhpost.com/2013042265138/Business/boc-is-set-to-expand-after-rapid-growth.html

Cambodian traders urged to attend upcoming Macau Exhibition

Ministry of Commerce appealed to the Cambodian traders to join the upcoming Macau International Exhibition to promote their products and find business partners. The appeal was made following the Macau Trade and Investment Promotion Institute (IPIM), which announced that it would hold 2014 Macau International Environmental ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=Mjc0YjA2Nzk3NjU

Angkor ready for surge of tourists

Siem Reap hotel operators are preparing for a deluge of tourists this Khmer New Year season the likes of which is not often seen, tourism officials say. Chheuy Chhorn, deputy director of Siem Reap’s tourism department, said after attracting 170,000 visitors to the first annual Angkor ...

Hor Kimsay
http://www.phnompenhpost.com/business/angkor-ready-surge-tourists

Online registration option to be rolled out to SMEs

The Ministry of Industry and Handicraft will introduce an online registration platform for Cambodia’s small- and medium-sized enterprises (SMEs) this year, a ministry official confirmed yesterday. Heng Sok Kong, secretary of state at the ministry, said the new software for web registration was built in partnership ...

Annie Lee
http://www.phnompenhpost.com/business/online-registration-option-be-rolled-out-smes

CNRP to hold 5,000-member conference this month

The opposition CNRP will host a conference in Phnom Penh on July 27 with 2,000 members of its National Council along with about 3,000 elected commune councilors, according to a statement issued by the party Wednesday. “Although the leaders are busy visiting and helping the people ...

Mech Dara
http://www.cambodiadaily.com/news/cnrp-to-hold-5000-member-conference-this-month-63735/

Tax regulation gets a shake up

In an effort to centralise tax registrations and improve taxpayer accountability, the Ministry of Economy and Finance (MoEF) this month passed a raft of changes to the country’s tax registration regulations. Prakas 1139, issued by the MoEF on October 9, states that all legal entities including ...

Eddie Morton
http://phnompenhpost.com/post-weekend/tax-regulation-gets-shakeup

Lottery firm hopes that second bet is a charm

Malaysian-backed 5D Pan Cambodian Lottery yesterday announced an official return to operations after a failed start-up in the Kingdom five years earlier. The company, who first announced in 2010 that it would start business in Cambodia, declined to detail yesterday why it did not get off ...

Hor Kimsay
http://www.phnompenhpost.com/business/lottery-firm-hopes-second-bet-charm

Special tax on QIP rolled back

The Ministry of Economy and Finance last week did away with a special tax on imported products that were being used for re-export, after Japanese businesses said that it undermined their status as Qualified Investment Projects. Under the Qualified Investment Projects (QIP) scheme, firms can ...

Charles Rollet
http://www.phnompenhpost.com/business/special-tax-qip-rolled-back

Listed Chinese firm licensed to build another solar park

The Council for the Development of Cambodia (CDC) granted a business licence to Chinese panel maker Risen Energy (Cambodia) to build a 60 megawatt (mW) solar farm in Battambang province. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50726630/listed-chinese-firm-licensed-to-build-another-solar-park/

Gov’t gives $23mil to workers who lost jobs over pandemic

A total of $23 million has been given out to those affected by the closure of businesses in the tourism industry and garment factories due to the COVID-19 pandemic. ...

Sen David
https://www.khmertimeskh.com/50800806/govt-gives-23mil-to-workers-who-lost-jobs-over-pandemic/

Tech firms taking larger slice of the nation’s e-commerce pie

Businesses are forging symbiotic platforms to gain a piece of the Kingdom’s growing e-commerce sector, while challenging Facebook’s dominance in the industry. ...

Husain Haider
https://www.khmertimeskh.com/50816980/tech-firms-taking-larger-slice-of-the-nations-e-commerce-pie/

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