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Business registrations far speedier thanks to internet

“Within almost a four-month period as of October 2, 2020, we received a total of 1,793 applications, 1,367 of which have been approved and 426 of which are under review. The average number of days it takes to register a company is eight,” said Undersecretary ...

Sok Chan
https://www.khmertimeskh.com/50772450/business-registrations-far-speedier-thanks-to-internet/

SME Bank loans top $410M, help over 3K businesses

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed some $418 million in loans to at least 3,185 small- and medium-sized enterprises (SME) since its foundation, as of October 31, to keep them from going under during the height of ...

May Kunmakara
https://www.phnompenhpost.com/business/sme-bank-loans-top-410m-help-over-3k-businesses

Senior officers of Commerce Ministry attend the 12th China Round Table on WTO Accessions in Abu Dhabi

Secretary of State of Commerce, Sok Sopheak, high representative of Cham Nimul, Minister of Commerce, led the Cambodian delegation to attend the 12th China Round Table on WTO Accessions on “Arab Perspectives on WTO Accessions and the Multilateral Trading System,” which is scheduled to take ...

Khmer Times Staff
https://www.khmertimeskh.com/501445620/senior-officers-of-commerce-ministry-attend-the-12th-china-round-table-on-wto-accessions-in-abu-dhabi/

Made in Cambodia: Foreign Industry Calls on Cambodia as the Next “Low-Cost” Alternative in All Things Manufacturing

About a decade ago, global manufacturing firms staged a mass exodus to Asia in search of low-cost alternatives to increasing domestic wage demands and operational costs. The consensus was the continued development of a regional supply chain that had formed in countries like Vietnam and Indonesia, ...

http://www.cambizreview.com

Mystery Surrounds Ratanakkiri’s First Special Economic Zone

Construction of a special economic zone (SEZ) near the Vietnamese border in Ratanakkiri province’s eastern O’Yad­aw district is on track, but who exactly will avail of the facility and its services remains a mystery—even for senior provincial officials. The latest announced venture of agro-industry land concession ...

http://www.cambodiadaily.com/business/mystery-surrounds-ratanakkiris-first-special-economic-zone-35235/

Bavet City garment strikes gain momentum

Trade unions may have failed to get a stay-at-home strike for higher wages off the ground after the Khmer New Year earlier this month. But a strike for bonus pay is picking up steam in Svay Rieng Province, where some 20,000 garment workers protested at ...

Mech Dara
http://www.cambodiadaily.com/news/bavet-city-garment-strikes-gain-momentum-57447/

Floods force GDP revision

Cambodia has lowered its economic growth projection from 7 to 6 per cent for 2011 after more than a month of flood devastation in the Kingdom and continued economic turmoil in the United States and Europe, Deputy Prime Minister Keat Chhon said yesterday. The full impact ...

http://www.phnompenhpost.com/index.php/2011101252083/Business/floods-force-gdp-revision.html

Cambodia Security Exchange to begin trading early next year

Cambodian Deputy Prime Minister and Minister of Economy and Finance H.E Keat Chhon said Cambodia Security Exchange (CSX) will begin trading from January 2012. Inaugurated in July, the CSX would be put on hold until next year because some rules and regulations have been being discussed ...

http://thesoutheastasiaweekly.com/

Official says faintings a ‘scar’ on image of nation’s factories

A 10 per cent rise in the number of garment and footwear factories this year showed the government’s commitment to solving labour disputes, and that its mechanisms to do this were working, a senior official at the labour ministry said yesterday, while admitting that a ...

http://www.phnompenhpost.com/index.php/2011111652785/National-news/official-says-faintings-a-scar-on-image-of-nations-factories.html

Net widens on fishing trap ban

Less than a week after banning commercial fishing in Tonle Sap Lake, Prime Minister Hun Sen issued a sub-decree on Monday extending the ban to four provinces along the Mekong River. According to the sub-decree, signed March 5 and released publicly yesterday, commercial fishing will be ...

http://www.phnompenhpost.com/index.php/2012030754900/National-news/net-widens-on-fishing-trap-ban.html

Cargo growth for Phnom Penh Port reaches 30% in September of 2011

“Cargo transferred to and from the Phnom Penh Autonomous Port (PPAP) is at 121,654.116 tones in September of 2011, increasing 30 percent if comparing to September 2010 with 92,648.796 tones,” according to the report from the PPAP obtained by SEAW on October 3rd. This September report ...

http://thesoutheastasiaweekly.com/

Kingdom relieved after US internet law fails to pass

The postponement of two US internet piracy bills last week was met with relief by human rights and media experts in Cambodia, who say the overreaching grasp of the proposed legislation would hinder the internet’s progress and growth in the Kingdom. The US House of Representative’s ...

http://www.phnompenhpost.com/index.php/2012012454103/Business/kingdom-relieved-after-us-internet-law-fails-to-pass.html

In Need of Power, Phnom Penh Blacks Out

Rolling blackouts that plagued Phnom Penh this week were the result of the city’s power supply being unable to meet demand as the country moves into the hot season, officials at state-owned Electricite du Cambodge (EdC) said on Friday. Power Outages rolled over the city this ...

Government Probes 2,000 Hectare Land Grab

Government officials in Kompong Thom province said yesterday that they are investigating the ownership of more than 2,000 hectares of land currently being held by an unknown number of individuals who are suspected of illegal land grabbing. An Agriculture Ministry official pointed the finger of ...

Jailed Fishermen Released After Hun Sen Order

Within days of Prime Minister Hun Sen’s announced amnesty for those detained and jailed for fisheries crimes, the Ministry of Justice responded and has already freed dozens of suspects from provincial prisons around the country, judicial officials said yesterday. Independent analysts, however, said the order ...

Railway project suffers a blow

The contractor in charge of rebuilding Cambodia’s national railway has been cutting corners on the health and safety of its workers, according to a report published yesterday by the Asian Development Bank. TSO-AS & Nawarath, a French-Thai joint venture, was reportedly found to have grossly violated ...

http://www.phnompenhpost.com/index.php/2012032355214/Business/railway-project-suffers-a-blow.html

ASEAN hits troubled waters

Prime Minister Hun Sen pushed regional unity at the opening ceremony of the ASEAN Summit yesterday, but criticism directed at Cambodia over the South China Sea ensured the dispute remained front and centre. As heavily armed guards lined the streets outside the Peace Palace in Phnom ...

http://www.phnompenhpost.com/index.php/2012040455423/National-news/asean-hits-troubled-waters.html

Human trafficking arrests on the rise

The National Committee for Counter Trafficking cracked down on 131 human trafficking and sexual exploitation cases from January to last month, an increase of 22 cases over the same period last year. Chou Bun Eng, an Interior Ministry secretary of state and also NCCT vice ...

Pech Sotheary
https://www.khmertimeskh.com/50660947/human-trafficking-arrests-on-the-rise/

US denies conspiracy to topple Cambodian government

The US Embassy yesterday hit back at unsubstantiated claims of a United States-backed conspiracy to topple the government disseminated by pro-government media outlet Fresh News, even as local news reported that the Interior Ministry would investigate the purported plot.​   ...

Mech Dara and Shaun Turton
http://www.phnompenhpost.com/national/us-denies-conspiracy-topple-cambodian-government

Chinese eye asset management

A group of Chinese investors has expressed interest in investing in Cambodia’s asset management sector and tapping into the vast opportunities for businesses and investments brought about by the Kingdom’s current economic development. Kao Thach, the CEO of state-owned Rural Development Bank (RDB), met with a ...

Thou Vireak
https://www.phnompenhpost.com/business/chinese-eye-asset-management

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