PM calls for investigation into confiscated homes
The Council for the Development of Cambodia (CDC) on Wednesday said that those who fail to pay their house mortgage and risk their properties being confiscated should contact Real Estate Business and Pawnshop Regulator (RFPR). ...
Yatt Malai
https://kiripost.com/stories/cambodia-pm-calls-for-investigation-into-confiscated-homes
Surge in industrial sector expected for ‘24
Economists and business leaders anticipate a dynamic 2024 for Cambodia’s industrial sector, with the government expecting it to outpace services and agriculture, driven by a wave of new investment projects. ...
Hin Pisei
https://www.phnompenhpost.com/business/surge-in-industrial-sector-expected-for-24
Cambodia ready to ramp up trade ties with Malaysia
A business forum scheduled to be held on Tuesday in Kuala Lumpur, Malaysia, is expected to pave the way to enhance bilateral cooperation on trade, investment and economy between Cambodia and Malaysia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501446578/cambodia-ready-to-ramp-up-trade-ties-with-malaysia/
OBRS listing nears 34,000, $10B capital
The total number of companies enrolled through the Online Business Registration System (OBRS) via IT Platform phase I – commonly known as Single Portal – had reached almost 34,000 as of February 25, as reported by OBRS. ...
Hin Pisei
https://www.phnompenhpost.com/business/obrs-listing-nears-34-000-10b-capital
Small enterprises to receive financial support from ADB, FTB
Realising that 99 percent of Cambodian businesses are micro, small, and medium-sized enterprises (MSMEs), the Foreign Trade Bank of Cambodia (FTB) and the Asian Development Bank’s (ADB) have stepped into to fill the market gaps across the whole country. ...
Nhean Chamrong
https://www.khmertimeskh.com/501437116/small-enterprises-to-receive-financial-support-from-adb-ftb/
Major banks
In 2020, COVID-19 severely impacted both the global and Cambodia economies. The banking system in Cambodia is also affected but at a moderate and manageable level.1 The National Bank of Cambodia (NBC), Cambodia Microfinance Association, and other relevant institutions pointed out the rate of the ...
Announcement to those who are living and doing business on the beach land at Poy Yeay Mey and Ta Barang beach located in Rithy 2 village, Keo Phos commune, Stung Hav district, Preah Sihanouk province
On 02 February 2021, the Preah Sihanouk provincial administration issued an announcement to people who are living and doing business on the beach land at Poy Yeay Mey, Ta Barang beach, in Rithy 2 village, Keo Phos commune, Stung Hav district, Preah Sihanouk province. The ...
Preah Sihanouk provincial administration
Islamic Microfinance Form to Be Established
A joint venture between Yayasan Restu, a Malaysian organization, and the Cambodian Muslim Development Foundation is set to establish a microfinance institution with $1 million in start-up capital. The institution will allow members of Cambodia’s Myslim community to obtain loans necessary to start small businesses. ...
Economists See Growth Potential in Stock Exchange
Cambodia has officially opened a stock exchange, which economists say will provide a chance for the development of the country and job creation. However, they warn that mismanagement of the bourse could also lead to economic woes. “When this stock market goes well, it will ...
Koh Kong king halted
Ly Yong Phat and his company LYP Group have been ordered to cease all dredging operations on the Tatai river pending a review of the effects by the Ministry of Water Resources and Meteorology. LYP Group currently has a permit to dredge seven areas of ...
http://www.phnompenhpost.com/index.php/2011072250582/National-news/koh-kong-king-halted.html
Vattanac in damage denial
A top executive from Cambodian company Vattanac yesterday denied the firm had damaged colonial-era buildings along the capital’s riverfront, as one local business owner sought a new home. Construction at a Vattanac building site – situated on Phnom Penh’s Sisowath Quay – has been at ...
http://www.phnompenhpost.com/index.php/2011080350834/National-news/vattanac-in-damage-denial.html
Vietnam top destination for Cambodians
Cambodian outbound tourist departures rose 29 per cent year-on-year through July, with the bulk of the travellers going to Vietnam and Thailand, according to Ministry of Tourism statistics. Nearly 358,000 Cambodian tourists left the Kingdom in the first seven months of 2011, up from about ...
ClickNet looks to have signed off
A closed sign hung on the door of ClickNet’s Phnom Penh office during business hours yesterday, and the internet service provider’s Siem Reap office had also reportedly closed. ClickNet’s internet service has been down in Siem Reap since Monday, Thaddée Bechtold, CEO at internet technologies firm ...
http://www.phnompenhpost.com/index.php/2011120253097/Business/clicknet-looks-to-have-signed-off.html
Drugs: our man in Cambodia
The inquiry that targeted Hun To, dubbed Operation Illipango, investigated the shipment of heroin into Australia from Cambodia in loads of timber. Hun To, a nephew of Prime Minister Hun Sen, is a powerful and feared figure in Cambodia. He was once considered a close business ...
http://www.theage.com.au/national/investigations/drugs-our-man-in-cambodia-20120325-1vsiz.html
Digital economy needs 10 years
Cambodia’s digital economy remains at a nascent stage and will need at least 10 years to grow and aim for a technology-driven economy, said Minister of Economy and Finance Aun Pornmoniroth. Speaking at the national consultation workshop on Policy and Direction of Cambodia’s Digital Economy ...
Hor Kimsay
https://www.phnompenhpost.com/business/digital-economy-needs-10-years
Dry spell causing power cuts: PM
Prime Minister Hun Sen on Saturday said the country is now facing an electricity shortage of about 400 megawatts, leading to power outages, and appealed to people, especially those in the business sector, to understand that this is because of an ongoing dry spell. Speaking ...
Taing Vida
https://www.khmertimeskh.com/50587742/dry-spell-causing-power-cuts-pm-2/
Preah Vihear communities set to patrol forests during Water Festival
Fearing that community forests will be unprotected during next week’s Water Festival, 10 communities in Preah Vihear province on Tuesday vowed to patrol their community forest themselves while relevant authorities are busy preparing for the annual celebrations. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/preah-vihear-communities-set-patrol-forests-during-water-festival
Government to revamp porous tax code
The government will scrap its poorly regulated and grossly inefficient estimated-tax regime, which covers mostly small enterprises, and bring all businesses in the Kingdom into the fold of its more-stringent “real” tax regime, leaked documents show.In an unpublished addendum to the 2016 national budget obtained ...
Ananth Baliga
http://www.phnompenhpost.com/business/government-revamp-porous-tax-code
Tax revenues grow state coffers by $1.3B
Revenue from tax collection jumped 25 per cent in 2015, government officials revealed yesterday, saying the tax department has collected about $1.3 billion on the back of better compliance and awareness among the private sector.At a seminar in Phnom Penh, Kong Vibol, director of the ...
Sor Chandara
http://www.phnompenhpost.com/business/tax-revenues-grow-state-coffers-13b
Metro looks to Laos, Cambodia for heavy equipment sales
Metro Machinery, the biggest dealer of heavy construction equipment in Thailand, is looking over the borders to Laos and Cambodia, which are exploiting their abundant natural resources and racing to develop infrastructure. The company will on October 9 ink two deals worth Bt1.5 billion each – ...