Employing some 700,000 Cambodians, the garment sector is the country’s largest private employer. But move above the factory floor and you will find mostly foreigners, from countries such as China, Singapore, Bangladesh, Sri Lanka and the Philippines. ...

One woman who has been actively involved in the development of Cambodia’s business climate is Janet Lueckenhausen of Functional Engineering. She’s been working closely with Cambodia’s biggest foreign-owned companies since 2008. Now she’s shifted in her role from executive director of International business Chamber of Cambodia ...

The Royal Government of Cambodia (RGC) has issued a sub-decree to establish the General Department of Digital Economy that will exclusively function under the Ministry of Economy and Finance (MEF) to direct, regulate and develop the digital economy in the country after the Deputy Prime ...

Cambodia is considered “the most promising country” in the ASEAN community where Thai business entrepreneurs could set up trade and investment projects, according to a noted Thai academic and economist. Roongrote Benjamasuthin, director of the University of Thai Chamber of Commerce’s ASEAN business & Economic Center, ...

Publicly listed Japanese conglomerate Resona Holdings signed an agreement yesterday with Cambodia Public Bank (Campu) aimed at increasing its customer base in the Kingdom’s banking sector. Resona Holdings subsidiary firms Resona Bank, Saitama Bank and Kinki Osaka Bank are all part of the agreement, which allows ...

Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday. “Starting a business in Cambodia requires 11 procedures, takes 101.0 days, costs 139.5 percent of income per capita and requires paid-in minimum ...

Trading on the Cambodia Securities Exchange will be delayed once again until the beginning of 2012, Minister of Economy and Finance Keat Chhon said yesterday. He blamed an incomplete regulatory regime and the public’s lack of confidence in the stock market as reasons for the delay, ...

Cambodia’s exports to the European Union increased by 40 per cent to a total value of US$1.3 billion in 2011, according to European Trade Commissioner Karel De Gucht, who is in Phnom Penh for the ASEAN-EU Business Summit. “I think it is fair to say ...

The latest report from the Asian Development Bank (ADB) describes Cambodia’s economic situation in 2016 as “broadly as expected,” as it predicts a slight increase in economic growth of 0.1 percent, to 7.1 percent. Released yesterday, the update to its annual “Asian Development Outlook” for 2016 ...

US investments in Cambodia increased 15-fold last year, due mainly to the construction of a new Coca-Cola plant in the Phnom Penh Special Economic Zone, according to a statement from the Council for the Development of Cambodia (CDC). ...

Cambodia’s growing economy and hunger for new brands, particularly among young people, contribute to making Cambodia a profitable market for the franchise business, industry insiders said at the Franchising Forum in Phnom Penh last week. [Rami Sharaf, CEO of RMA Group in Cambodia] said Cambodia is ...

Revenues from the tourism sector increased 7 percent to $1.91 billion in 2011, though more could be made if hotels sourced more goods from local producers instead of importing from abroad, Tourism Minister Thong Khon said yesterday. Speaking at a conference in Phnom Penh, Mr. Khon ...

The Phnom Penh and Bangkok bus companies will start operating their business this week in a move to integrate the ASEAN region and boost the facilitation of traveling between the two kingdoms, with a hope of attracting more tourists. “The bus link between Phnom Penh and Bangkok will begin this week, Transport Minister, Tram ...

An International Labour Organization official yesterday called the draft of a Ministry of Labour trade union law “a step backwards” during the opening of a two-day workshop meant to hear concerns of both labour unions and employers. In a speech to worker representatives, members of the ...

A lack of innovation has contributed to Cambodia dropping seven spots on the World Economic Forum’s 2014-15 Global Competitiveness Report (GCR), which was released on Wednesday. The Kingdom ranked 95th out of 144 countries, down from 88th in the previous report, according to the GCR. Apart ...

As the World Bank considers supplying fresh loans to Cambodia, a new study uses the country as exhibit A for how the financier effectively sponsors corporate land grabs at the expense of the rural poor it purportedly helps. Three years ago, the bank’s own inspectors found ...

Two dozens of Chinese entrepreneurs in the World Eminence Chinese Business Association have been visiting Cambodia to seek possibilities to broaden trade and investment ties between China and Cambodia. The group, led by Xia Lingsheng, the Association’s executive vice president, met with Tep Ngorn, the 2nd ...

South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). This represents 33 per cent ...

IT businesspeople see the potential demand in business software. Ms. Sok Channda, CEO and President of ANANA Group, tells business Circle Magazine that because most businesses need to be controlled and managed systematically, demand for software development is experiencing an upward trend, including Point of Sale (POS) systems, inventory management systems, and software ...

A US government finance institution plans to inject more capital into Cambodia’s businesses, forecasting rapid growth in small business and microfinance institutions around the country. The development finance institution Overseas Private Investment Corporation (OPIC) is looking to invest in Cambodia’s small and medium enterprises (SMEs) ...