Digital banking championed
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. ...
Sok Chan
https://www.khmertimeskh.com/50791065/digital-banking-championed/
Retail sector feels pinch of Covid-19 outbreak
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. ...
Thou Vireak
https://www.phnompenhpost.com/business/retail-sector-feels-pinch-covid-19-outbreak
Trade chambers ask GDT to delay income-tax date
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. ...
May Kunmakara
https://www.phnompenhpost.com/business/trade-chambers-ask-gdt-delay-income-tax-date
ARDB seeks $30M more for SME loans
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. ...
Thou Vireak
https://www.phnompenhpost.com/business/ardb-seeks-30m-more-sme-loans
Gov’t rolls out eighth round of relief measures
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. ...
May Kunmakara
https://www.phnompenhpost.com/business/govt-rolls-out-eighth-round-relief-measures
Oil revenue no short-term fix to economic growth: PM
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 ...
Tom Starkey
https://www.khmertimeskh.com/50809405/oil-revenue-no-short-term-fix-to-economic-growth-pm/
Three bond-listed companies post solid Q4 recovery
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. ...
May Kunmakara
https://www.phnompenhpost.com/business/three-bond-listed-companies-post-solid-q4-recovery
Microfinance body calls for more lending
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. ...
Hin Pisei
https://www.phnompenhpost.com/business/microfinance-body-calls-more-lending
Six listed firms post Q2 recovery
Six companies with securities listed on the Cambodia Securities Exchange (CSX) reported a recovery in business performance in the second quarter of this year over the early days of the health crisis, on the back of the rapid pace of the Covid-19 vaccination programme in ...
May Kunmakara
https://www.phnompenhpost.com/business/six-listed-firms-post-q2-recovery-0
Korea’s KB Kookmin Bank says completes acquisition of Prasac
South Korea’s KB Kookmin Bank, New York-listed KB Financial Group Inc’s (KB) commercial banking unit, on October 20 announced the completion of the acquisition the remaining 30 per cent interest in Prasac, Cambodia’s largest microfinance institution, as it expands its business into the Kingdom’s financial ...
May Kunmakara
https://www.phnompenhpost.com/business/koreas-kb-kookmin-bank-says-completes-acquisition-prasac
Firms seek to resume high rise construction in Sihanoukville
The Covid-19 pandemic brought high-rise building construction in Preah Sihanouk province to a halt when it began, resulting in several business disputes that four real estate companies are now working together to solve, according to provincial governor Kuch Chamroeun. ...
Voun Dara
https://www.phnompenhpost.com/national/firms-seek-resume-high-rise-construction-sihanoukville
Firms enlisted in online VAT drive
The General Department of Taxation (GDT) has said it will work with 49 businesses that provide online services in Cambodia to promote the implementation of value-added tax (VAT) on e-commerce transactions, in a move that responds to the recent boom in the online market. ...
Nov Sivutha
https://www.phnompenhpost.com/business/firms-enlisted-online-vat-drive
Kep vendors and fishermen worried about land reclamation impacts
Vendors and fishermen in Kep province have expressed their concerns over the development of a new beach as part of a state-owned project, with nearly three kilometers of land being dumped into the sea. ...
Sovann Sreypich
https://cambojanews.com/kep-vendors-and-fishermen-worried-about-land-reclamation-impacts/
Cambodia, US biz leaders set to meet at US-Asean summit
A business delegation, who are members of the Cambodia Chamber of Commerce (CCC), will fly to two cities in the US from May 8 to 15 along with Prime Minister Hun Sen to meet the American businesspeople during the US-Asean Summit in Washington. ...
Kang Sothear
https://www.khmertimeskh.com/501072222/cambodia-us-biz-leaders-set-to-meet-at-us-asean-summit/
Private trade centres eyed for five cities across China
The Ministry of Commerce plans to set up five Cambodian private business centres in China to step up the Kingdom’s exports to the East Asian giant and maximise use of the bilateral free trade agreement (FTA) between the two countries, the ministry’s two-day annual meeting ...
Hin Pisei
https://www.phnompenhpost.com/business/private-trade-centres-eyed-five-cities-across-china
GDI helps Cambodian infrastructure, promotes trade links among countries
The China-proposed Global Development Initiative will create a platform for joint growth and see more benefits go to Cambodia due to its cooperation with China to build a community with a shared future, officials and business leaders said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501175134/gdi-helps-cambodian-infrastructure-promotes-trade-links-among-countries/
Sendai office to bolster Japan ties: CCC
The apex Cambodian business association’s leaders are convinced that their new representative office in the Sendai region will materially accelerate the Kingdom’s trade and economic relations with Japan, largely by tapping into the opportunities created by the Regional Comprehensive Economic Partnership (RCEP). ...
Hin Pisei
https://www.phnompenhpost.com/business/sendai-office-bolster-japan-ties-ccc
Kandal issues 30 day compliance warning to ferries
The Kandal provincial administration issued a warning that it will shut down any ferryboat business that does not comply with current safety standards. An appropriately sized steel vessel must be employed, rather than the single or twin hulled wooden boats that were previously used, in ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/kandal-issues-30-day-compliance-warning-ferries
French trade minister plans Cambodia trip
French foreign trade minister Olivier Becht’s plans to visit the Kingdom from January 24-25 have been welcomed as a major step in improving economic cooperation between the two nations, including by a senior commerce official and a leader of the local business community. ...
May Kunmakara
https://www.phnompenhpost.com/business/french-trade-minister-plans-cambodia-trip
Ministry: Clear price tags in riel, or else
The Ministry of Commerce warns that it will fine business owners who fail to affix or post clear prices for their products and services as instructed by relevant authorities. ...
Van Socheata
https://www.phnompenhpost.com/national/ministry-clear-price-tags-riel-or-else