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Huge Increase in MFI Loans, Deposits

More economic activity and a better understanding of using formal financial services among rural residents are leading to good loan performance rates and increases in savings deposits in Cambodia’s microfinance industry, according to industry sources. The loan portfolios of the 35 registered microfinance institutions (MFI) and ...

http://www.phnompenhpost.com/2013050265366/Business/huge-increase-in-mfi-loans-deposits.html

Room for Improvement in Cambodia’s Bank Sector

While Cambodia has made considerable strides in its banking sector, it still lags behind countries in the region in the areas of e-banking and access to services, industry experts attending the Fifth Banking and Microfinance Conference at the Intercontinental Hotel in Phnom Penh said yesterday. ...

http://www.phnompenhpost.com/2013060666094/Business/room-for-improvement-in-cambodia-s-bank-sector.html

City poised for shopping mall boom

After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...

Hor Kimsay
http://www.phnompenhpost.com/business/city-poised-shopping-mall-boom

2nd phase of business registration system up

The Royal Government of Cambodia (RGC) on September 1 deployed Phase II of its online business registration platform, known as the “Single Portal”. ...

Thou Vireak
https://www.phnompenhpost.com/business/2nd-phase-business-registration-system

IELTS available at ACLEDA’s business school

The ACLEDA Institute of Business (AIB) has teamed up with the IELTS Cambodia Official Test Centre at IDP Education to administer the English proficiency exam at the institute, as part of its ambition to gain widespread international recognition. ...

Hom Phanet
https://www.phnompenhpost.com/business/ielts-available-acledas-business-school

Fishy business: Kampong Thom Fisheries Administration crackdown fisheries crime

While the fish spawning season is still ongoing and the fishing ban is in full swing, fisheries administration officials continue to crackdown on fishery crimes to combat overs fishing and resource depletion. ...

Khmer Times Staff
https://www.khmertimeskh.com/501114711/fishy-business-kampong-thom-fisheries-administration-crackdown-fisheries-crime/

Vietnamese business helps develop block chain technology in Cambodia

Vietnam’s Unicorn Ultra (U2U) ecosystem, an All-in-One platform for potential builders, opened its representative office in Cambodia to introduce, build and develop products applying block chain, artificial intelligence (AI), and Big Data. ...

Khmer Times Staff
https://www.khmertimeskh.com/501396143/vietnamese-business-helps-develop-block-chain-technology-in-cambodia/

New tax rates announced for businesses and employees

The Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia. Employers were instructed to deduct employee taxes according to the new rates from February onwards. Taxpayers have to submit the tax declaration by the 20th of ...

Voun Dara
https://www.phnompenhpost.com/national/new-tax-rates-announced-businesses-and-employees

SHE launches new tools for women-led businesses

SHE Investments, a social enterprise supporting women entrepreneurs, has announced the official launch of its Digital Resource Centre (DRC) and Kotra Riel app. The event was held to celebrate both the concurrent launches and the achievements of women in the work world and their importance ...

Sok Chan
https://www.khmertimeskh.com/50814158/she-launches-new-tools-for-women-led-businesses/

Capital, businesses find ways to move factories to suburbs

The Phnom Penh Municipal Hall has been holding discussions with the Cambodia Trucking Association (CAMTA) and major businesses to find an efficient way of relocating factories and warehouses to the outskirts of Phnom Penh. ...

Lay Samean
https://www.phnompenhpost.com/national/capital-businesses-find-ways-move-factories-suburbs

Ministry to businesses: No New Year’s price hikes

The tourism ministry has called on business owners and service providers not to raise prices during the upcoming Khmer New Year holidays to allow tourists to enjoy the traditional holiday after two years of postponements brought upon by the Covid-19 outbreak in Cambodia. ...

Nov Sivutha
https://www.phnompenhpost.com/business/ministry-businesses-no-new-years-price-hikes

Over 19,000 businesses registered via IT platform

The number of companies registered through the information technology platform co-developed by multi-ministries has reached 19,072 as of 2 November 2022, according to the figures from the Ministry of Economy and Finance (MEF) yesterday. ...

Kang Sothear
https://www.khmertimeskh.com/501179417/over-19000-businesses-registered-via-it-platform/

Businesses urged to prioritise riel for salary payments

 The Governor of the National Bank of Cambodia (NBC), Chea Serey, is encouraging companies and enterprise owners to offer salaries in riel, as the majority of Cambodian workers are paid in dollars. ...

Mao Sreypich
https://kiripost.com/stories/businesses-urged-to-prioritise-riel-for-salary-payments

Kith Meng re-elected

PROMINENT businessman Kith Meng was re-elected unopposed yesterday as president of the Cambodian Chamber of Commerce. Kith Meng, the only contender who declared his candidacy for the three-year mandate, received support from all 11 candidates eligible to stand. Kith Meng, who is also chairman and chief ...

http://www.phnompenhpost.com/index.php/2011080950932/Business/kith-meng-re-elected.html

Investment Figures Show Billions of Dollars from China

China has become Cambodia’s biggest investor, putting some $8.8 billion into the country over nearly two decades, according to online data from the government’s lead investment agency. Those investment numbers, from the Council for the Development of Cambodia, from 1994 to 2011, do not take into ...

http://www.voacambodia.com/content/investment-figures-show-billions-of-dollars-from-china/1584253.html

Imported Delays Cap Pharma Growth

Although the Ministry of Heath estimates that 40 to 50 percent of Cambodians use traditional medicine, the Kingdoms Pharmaceutical industry is growing rapidly. In 2012, according to the latest forecast from Business Monitor International (BMI) people in Cambodia spent $263 million on pharmaceuticals, compared with $217 ...

http://www.phnompenhpost.com/2013012861016/Business/import-delays-cap-pharma-growth.html

Recent Development and Economic Outlook

The UN’s assessment suggests that Cambodia is one of the top five countries that have made significant progress toward meeting its MDGs by 2015. The poverty rate has dropped dramatically from 47.50 percent in 1993 to 34.70 percent in 2004 and 23 percent in 2011, ...

http://www.cambizreview.com/

Rice exports to region rising

Cambodian milled rice exports are gradually lessening their dependency on a single market by expanding their shipping destination in Asia, a sign insiders say is good news for the industry. Kim Savuth, president of the Federation of Cambodian Rice Exporters, told the Post yesterday that milled ...

http://www.phnompenhpost.com/2013052365791/Business/rice-exports-to-region-rising.html

NGOs Assessing Development Goals for Coming Years

As Cambodia assesses its development goals, a study has found that many Cambodians want to see an improved judicial system, better education, improved agriculture and more human rights. A broad consortium of local and international development agencies spent the early part of the year conducting conferences ...

http://www.voacambodia.com/content/ngo-assessing-development-goals-for-coming-years/1667239.html

Group Considers Complaint Against Sugar Giant

A London-based sugar trade association aiming to promote a more ethical and sustainable industry will meet early next month to consider a request from Cambodian farmers that it eject U.K.-based sugar firm Tate & Lyle from the group unless it gives them back their land. Some ...

http://www.cambodiadaily.com/news/group-considers-complaint-against-sugar-giant-32001/

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