Minister Thong Khon said during the launch of additional safety measures for tourism-based business that the global virus has hit the tourism sector the hardest around the world and Cambodia will see it’s foreign and local visitors decline by about 70 percent and 50 percent ...

THE President of the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) Te Taingpor has requested the SME Bank of Cambodia and participating financial institutions to extend the payment period of the SME Co-Financing Scheme from four to six years and take ...

SHE Investments, a social enterprise to support women micro-small entrepreneurs (MSMEs) is joining as a Cambodian partner for Youth Business International’s Rapid Response Recovery Programme, funded by Google.org, to support women entrepreneurs to build digital literacy skills to enable them to recover and rebuild from ...

Peer-to-peer (P2P) lending marketplace Rai Capital (Cambodia) Co Ltd on November 26 announced its official launch in the Kingdom. It said it is designed for micro-entrepreneurs and individuals to promote financial inclusion in the Kingdom and enable flexible local financing solutions for local businesses and ...

At least 92 per cent of the Kingdom’s agricultural input suppliers use digital payments in their businesses while 45 per cent use e-commerce, a new study found. The research, entitled “Digital Challenges and Opportunities of Agricultural Input Suppliers in Cambodia”, was compiled by the Centre ...

Seven months after the announcement of the $150 million co-financial intervention package, only $41.52 million has been released to the businesses affected by the Covid-19 pandemic by the state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) and other participating financial institutions, according ...

A business associate of the prime minister’s daughter has received 67 hectares from the state on the rapidly filling Boeng Tamok lake in Phnom Penh. Boeng Tamok, one of the city’s last lakes, has been doled out to tycoons and officials’ family members in recent years, ...

Cambodian Prime Minister Samdech Moha Borvor Thipadei Hun Manet attended the third RCEP Economic and Trade Cooperation Business Summit under theme of “Integrating into RCEP’s More Open Market and Promoting Win-Win Asia-Pacific Cooperation” in Nanning, China’s Guangxi Zhuang Autonomous Region yesterday. ...

Cambodia is emerging as one of the region’s most attractive countries for new business expansion and investments, driven by political stability and high economic growth over the past two decades, according to Royal Cambodian Armed Forces (RCAF) deputy commander and Royal Cambodian Army (RCA) commander ...

All companies, enterprises and businesses that employ one or more employees are required to register with the National Social Security Fund (NSSF). Those who attempt to evade registering their staff will face legal consequences, explained Sok Bora, director of the NSSF’s Benefits Division, as he ...

When it came to relief for special taxes (excise), value-added taxes and customs duties on imports – QIPs and SEZs received a disproportionate amount of customs tax relief, said a recent World Bank report. In 2020, QIPs took around 51 percent of total tax exemption, ...

Ratings agency Moody’s kept the outlook on Cambodia’s government debt at stable, though the firm said that the risk of default was still high and had raised concerns over the country’s ability to manage its finances. In a report released on Sunday, Moody’s said that Cambodia’s ...

The government has instructed the owners of all venues providing Internet and telephone access to the public to install security cameras on their premises to record the identity of users in an effort to crack down on terrorism and cyber-crime, states a government directive obtained ...

Myanmar’s moves toward economic and political reform would not subtract from Cambodia’s regular stream of foreign investment, experts and insiders said – at least not in the short run. Word of an investor-friendly Myanmar has spread quickly with the US’s partial waiver on trade sanctions in ...

In parts of rural Cambodia, farmers’ primary source of income comes from harvesting rice — once a year. This is a poor outcome compared to other ASEAN countries which harvest twice or thrice a year. To help increase farmers’ income, Victor Combal-Weiss and Guillaume Virag founded ...

State-owned fixed-line company Telecom Cambodia’s (TC) plan to join the Cambodia Securities Exchange (CSX) has been postponed indefinitely because of its poor financial performance, reports The Phnom Penh Post. The company will need to redesign its business plan to improve operations, said Sarak Khan, secretary ...

Japan’s aid arm, the Japanese International Cooperation Agency (JICA), which is funding a drainage project along Phnom Penh’s Street 63, said yesterday that while it was true sections of the busy road remained in a deplorable condition, responsibility lay with City Hall. “This is [a] ...

Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

Thailand’s PTT Cambodia, a subsidiary of the kingdom’s state-owned oil and gas conglomerate PTT Public Company Limited, expects to more than double the amount of petrol stations it manages in Cambodia by the end of 2017, a senior executive in the company said this week. ...

OZ Minerals has emerged with 16 per cent of Cambodia-focused Renaissance Minerals after agreeing to push back a deal that could have forced the gold explorer to stump up a $10 million payment on its Okvau deposit in the South-East Asian nation. Renaissance’s purchase of the ...