Steady rise for business registration in Kingdom
Despite ongoing protests over the minimum wage in the garment industry and the political deadlock that lasted well in to July, Cambodia registered over 3,000 new businesses from January to September this year. The latest data from the Ministry of Commerce reveal there were 3,025 newly ...
May Kunmakara
http://phnompenhpost.com/business/steady-rise-business-registration-kingdom
Business bribery is rife: report
Cambodia has again ranked as one of the most corrupt countries in the world with the release of global anti-bribery association TRACE’s bribery risk index. According to the index, titled the TRACE Matrix and released on November 11, Cambodia is the fifth most at risk country ...
Eddie Morton
http://phnompenhpost.com/business/business-bribery-rife-report
H&M reassess strategy amid EBA withdrawal
Swedish fashion giant H&M Group said they were evaluating how the EU’s decision to withdraw one-fifth of the ‘Everything But Arms’ (EBA) scheme would impact their business and production strategy in Cambodia. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/hm-reassess-strategy-amid-eba-withdrawal
US trade swells to nearly $6.5B in Jan-Sept
Trade between Cambodia and the US totalled $6.4793 billion in the first nine months of 2021, marking a 28.37 per cent year-on-year uptick from $5.0471 billion, according to the US Census Bureau (USCB). ...
Hin Pisei
https://www.phnompenhpost.com/business/us-trade-swells-nearly-65b-jan-sept
Tax incentives offered to SMEs that register
Tax preferences have been offered to small and medium enterprises (SMEs) as incentives for encouraging informal ones to register and update business information. ...
Chea Vannak
https://www.khmertimeskh.com/50692394/tax-incentives-offered-to-smes-that-register
NGO pair sought over Korea work scam
Authorities issued an arrest warrant last week for the director of a local NGO involved with an operation that allegedly bilked thousands out of money by claiming the company could find them work in South Korea. Warrants for the arrests of Theun Samnang, head of NGO ...
Sen David
http://www.phnompenhpost.com/national/ngo-pair-sought-over-korea-work-scam
School buildings ‘failing test’
Two years out from the 2015 Millennium Development Goals’ target of universal access to education, Cambodia remains plagued by school infrastructure shortages, with a scarcity of classrooms and decrepit facilities that threaten students’ safety, NGOs and teachers say. At Slorkram Primary school in Battambang, teachers ...
Laignee Barron and Mom Kunthear
http://www.phnompenhpost.com/national/school-buildings-%E2%80%98failing-test%E2%80%99
Hot Breakfast Program Helps Students
Tuesday morning, not long after dawn, a line of students formed outside En Komar Primary School, in Kampong Thom province. Students were waiting to receive breakfast from their teachers. The breakfasts are part of a World Food Program initiative that aims to feed 3.5 million students ...
Khoun Theara
http://www.voacambodia.com/content/hot-breakfast-program-helps-students/1933562.html
Agreement Inked on Trade Loans in Cambodia
The US Export-Import Bank (EXIM) and the Cambodia Chamber of Commerce signed an agreement on Monday that will guarantee loans offered for the purchase of US goods and services. The memorandum of understanding was signed as part of the US-Asean Trade and Investment Framework Arrangement, ...
New Association to Take on Illegal DVD Sales
The Motion Picture Association of Cambodia (MPAC), an independent body that aims to protect intellectual property, officially opened its doors Wednesday, vowing to put an end to the sale of pirated DVDs in Phnom Penh as its first order of business. “We are goingto serve everybody ...
Ben Woods
http://www.cambodiadaily.com/news/new-association-to-take-on-illegal-dvd-sales-48122/
GTI sees its revenues drop in fourth quarter
Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ...
Hor Kimsay
http://www.phnompenhpost.com/gti-sees-its-revenues-drop-fourth-quarter
GTI sees its revenues drop in fourth quarter
Grand Twins International, the second firm to list on the Cambodian Securities Exchange, reported $13.27 million in revenues during the last three months of 2014, down 28.6 per cent from its figures reported in 2013. ...
Hor Kimsay
http://www.phnompenhpost.com/gti-sees-its-revenues-drop-fourth-quarter
Floods Claim 39 Lives; Crops, Hundreds of Schools Damaged
The death toll from flooding across the country has risen to 39, while the Mekong River remains above emergency levels in Prey Veng and Kandal provinces, a government official said on Friday. Keo Vy, cabinet chief for the government’s National Committee for Disaster Management, said that ...
Khy Sovuthy and Hul Reaksmey
http://www.cambodiadaily.com/news/floods-claim-39-lives-crops-hundreds-of-schools-damaged-44434/
Maybank to increase branches in Cambodia to 20, from 12
Maybank Bhd is looking to increase its presence in Cambodia, by raising the number of its branches to 20 from 12 currently. Speaking at a public panel dialogue organised by The Wharton School about the economic prospects of the ASEAN region, Maybank’s CEO Datuk Sri Abdul ...
GMAC Urges Factories to Resist New Monitoring
Following the International Labor Organization’s (ILO) announcement that its Better Factories Cambodia (BFC) program will from January name and shame firms that contravene Cambodian labor laws, the Garment Manufacturers Association in Cambodia (GMAC) has urged factory operators to refuse entry to ILO monitors, unless they ...
Matt Blomberg
http://www.cambodiadaily.com/news/gmac-urges-factories-to-resist-new-monitoring-44006/
Growth in vehicle sales fuelled by bank loans, dealers say
Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, increased ...
Dredging ends, effects linger
Ruling party Senator Ly Yong Phat has kept a promise to stop his company’s dredging operations on Koh Kong province’s Tatai river, relieved business owners and residents living along the waterway said yesterday. But provincial officials confirmed that as the senator’s dredging boats moved on to ...
http://www.phnompenhpost.com/index.php/2011102052249/National-news/dredging-ends-effects-linger.html
Cambodia urges Australian to strengthen economic ties
Foreign Minister Hor Namhong told his Australian counterpart Bob Carr Monday that the two countries should strengthen their economic and business ties. ”Political and diplomatic relations between the two countries are good but economic and business relations should be equally good,” he said after the meeting. ...
Exports to Japan rise sharply
Cambodia’s total exports of garments and footwear to Japan increased sharply in the first half of the year, according to latest figures from the Japan External Trade Organization (JETRO). ...
May Kunmakara
http://www.khmertimeskh.com/news/28319/exports-to-japan-rise-sharply/
US businesses optimistic
Half of US businesses operating in Cambodia believe that political stability in the country is such that they are confident in expanding their operations, according to an annual report by the American Chamber of Commerce in Singapore and the US Chamber of Commerce’s International Affairs ...
Sok Chan
http://www.khmertimeskh.com/news/28690/us-businesses-optimistic/