Tess International, a Malaysia-based provider of software solutions for the financial sector, signed a distributor agreement yesterday with Cambodian management consulting and business technology firm IdeaLink Consulting to provide software to Cambodian banks and microfinance institutions that helps them combat financial crimes. ...

The General Department of Taxation (GDT) announced yesterday that it has officially launched an e-payment platform that allows individual and corporate taxpayers to pay their obligations online and directly through bank accounts, a move that businesses in the Kingdom hope will trim waiting periods. ...

Cambodian Investment Management’s social-media marketing and advertising business has launched Dynamo Innovative Digital Advertising, the group said last week. Dynamo will inherit 10 clients, managing 20 social-media pages, 90 per cent of which are on Facebook and 10 per cent on LinkedIn. ...

The Ministry of Culture steamrolled 300,000 bootlegged DVDs Monday in its annual celebration of efforts to stamp out piracy. But at DVD shops across Phnom Penh, where pirated movies are sold for $1.50 or less, owners said they see little threat to their businesses. ...

In the inaugural issue of its bulletin on Cambodia’s $5.8-billion garment industry, the International Labor Organization said Thursday that business remained strong on the back of rising exports despite a 28-percent hike to the sector’s minimum wage in January. ...

The government has modified Article 3 of its lockdown measures, clarifying the limitations on businesses under the restrictions. ...

The delegation of the Vietnam – Cambodia Friendship Association of Dak Nong province recently had a business trip to Mondulkiri province. ...

LG Electronics has identified Cambodia as the emerging market in ASEAN with the greatest potential for increasing sales and is expanding its business here, a senior executive of the South Korean company told Khmer Times last week at the LG InnoFest 2016 Asia in Seoul. ...

A roadshow to Hong Kong this week to pitch Cambodia’s newly received duty-free access on travel goods to the US market was successful, but manufacturers have yet to sign concrete deals to establish new production lines here, a delegate of the returning business mission said. ...

Cambodian officials and Japanese airline All Nippon Airways discussed on Friday the possibility of starting a direct flight between the Kingdom and Japan next year, in a bid to facilitate the increase in bilateral business and investment transactions, according to a State Secretariat of Civil ...

Cambodia’s “Economic Free­dom”—a broad measure of how well individuals and businesses can create and protect their wealth —was classed as “mostly unfree” in a new report released by the Washington-based Heritage Foun­dation, which identified corruption and bureaucracy as impediments to free markets. ...

JWD InfoLogistics Plc is planning to expand its business to the Cambodian market with the launch a real estate investment trust (REIT) worth 2 billion baht (about $56.4 million) this year to finance its expansion in ASEAN, according to a report in the Bangkok Post. ...

With the threat of eviction hanging over businesses on Sihanoukville’s O’Chheuteal and O’Tres beaches, land rights advocates congregated in Phnom Penh this week to give voice to thousands of families locked in land disputes with powerful firms turning swaths of coastline into tourism destinations. ...

Prime Minister Hun Sen yesterday pledged to start a new bank with an initial capital of $100 million to provide financing for small and medium enterprises (SMEs), with industry players saying its success hinged on whether concessional or low interest rates could be provided to ...

Cambodia stands to benefit from an uptick in global and regional economic growth but will need to diversify its economy, improve infrastructure and reduce obstacles to doing business if it is to continue on its impressive growth track, a visiting International Monetary Fund (IMF) official ...

Banteay Meanchey province, nestled between the better known provinces of Siem Reap and Battambang, once suffered from a lack of business activity partly due to a long-running border dispute with Thailand. Recent indications, however, show the area is recovering some lost ground on the infrastructure ...

With the recent announcement that two Taiwanese banks plan to open branches in Cambodia, the number of commercial banks in the country will swell to 34 and may even go higher as foreign businesses seriously consider Cambodia an alternative to more costly countries such as ...

The border with Cambodia still sits as the core of a dispute between the two countries – although things look calm on the surface, as politically “viral” groups in Thailand remain busy with other issues. However, feelings could heat up if the power arrangement in Bangkok ...

The World Bank and Asian Development Bank issued a report on Tuesday, urging Cambodia to improve its electricity supply and workforce in order to be competitive. Intermittent electricity, informal payments and a low-skill labor force are all major constraints to doing business in Cambodia, the ...

In a bid to encourage companies to list on Cambodia’s beleaguered stock exchange, a new prakas released today will allow businesses to delay their monthly prepayment of tax on profit to the end of the year, according to an announcement on the Cambodia Securities Exchange. ...