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Firms Need to Improve Accounting Standards

Cambodia’s businesses need to dramatically improve their accounting standards if they are to attract interest from investors abroad and reach the standards necessary to list on the recently launched stock market, experts and government officials said yesterday. Speaking at the National Conference on Accountancy in Phnom ...

Startups discuss reduction in registration fees

Local tech startups discussed a possible reduction in the Ministry of Commerce’s business registration fees at a meeting on Saturday, to ease the initial financial burden on their businesses, given the difficulty in raising funds in Cambodia’s nascent tech market. ...

Hang Sokunthea
http://www.phnompenhpost.com/business/startups-discuss-reduction-registration-fees

Online biz registrations surging

The total capital of 28,618 companies registered in the online business registration system jumped to $8.4 billion as of Aug 27, compared to 20,693 companies with a total capital of $5.8 billion at the start of 2023. ...

Hin Pisei
https://www.phnompenhpost.com/business/online-biz-registrations-surging

Government order to display prices in riel currency fails to stick

A government prakas that requires all businesses to post prices of their goods and services in the local riel currency has had little impact on pricing practices, with the vast majority of businesses in Cambodia continuing to quote prices in US dollars and authorities showing ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-order-display-prices-riel-currency-fails-stick

Meat producers told to shape up

The government will not consider further reductions of import quotas for live pigs, nor will it ban imports of the livestock, a high-ranking official at the Ministry of Agriculture, Forestry and Fisheries (MAFF) recently said, adding that companies in the meat industry should rethink their ...

Sok Chan
http://www.khmertimeskh.com/5094594/meat-producers-told-shape/

Cambodia launches arbitration body to deal with commercial disputes

Cambodia officially launched the long-awaited National Arbitration Center (NAC) on Monday, aiming at enhancing business environment and attracting more local and foreign investors. Speaking at the launching ceremony, Minister of Commerce Cham Prasidh said the government is committed to improving and enhancing Cambodia’s business environment and ...

http://news.xinhuanet.com/english/business/2013-03/04/c_132207640.htm

Indian trade promotion office opens in Cambodia

The office of the Indian Chamber of Commerce was officially launched here Sunday to promote economic, trade and investment ties between India and Cambodia. The office is to act on behalf of Indian business organisations and individuals for business facilitation, regulatory exchange as well as to ...

http://www.ianslive.in/index.php?param=news/Indian_trade_promotion_office_opens_in_Cambodia-388984/BUSINESS/5

‘Stop all checks on Chinese venues’

Preah Sihanouk provincial governor Kouch Chamroeun has called on provincial and town police to stop the unwarranted inspections of businesses run by foreigners, especially Chinese nationals.​Chamroeun was speaking at a provincial administration meeting last week that discussed encouraging further foreign investment in legitimate businesses in ...

Voun Dara
https://www.phnompenhpost.com/national/stop-all-checks-chinese-venues

Small pig farmers edged out

Cambodia’s small family-run pig farming businesses seem to be roughing it out in an unpredictable market with fluctuating pork prices while facing stiff competition from the illegal flood of cheap imported live pigs from neighboring countries. To add salt to their wounds, the high price ...

Sok Chan
http://www.khmertimeskh.com/news/28905/small-pig-farmers-edged-out/

Commerce Ministry takes AEC on the road

The Ministry of Commerce will lead a series of provincial forums next week aimed at promoting greater awareness of the ASEAN Economic Community (AEC) among rural businesses. Commerce Minister Sun Chanthol is to talk about both the challenges and opportunities that deeper regional economic integration will ...

Chan Muyhong
http://www.phnompenhpost.com/commerce-ministry-takes-aec-road

The canes of wrath

Satiating the demands of the global sugar industry is big business for Cambodia’s sugarcane plantations. Yet accusations of human rights abuses and land grabs in the Kingdom have left a bitter aftertaste for many on the ground as companies vie for a larger slice of ...

http://sea-globe.com/sugar-cambodia/

Centre aims to bolster women entrepreneurship

A women’s entrepreneurship centre opened its doors in Phnom Penh on Friday, providing a platform for Cambodian women to access the tools and resources needed to start or grow a sustainable business.The WECREATE Cambodia Center supports female entrepreneurs by connecting them to a network of ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/centre-aims-bolster-women-entrepreneurship

Cambodia launches 1st B2B2C e-commerce platform

Cambodia on Thursday launched the country’s first business-to-business-to-customer (B2B2C) e-commerce platform, aiming to help small and medium-sized enterprises (SMEs) sell their products to potential clients, said Commerce Minister Pan Sorasak. ...

Khmer Times Staff
https://www.khmertimeskh.com/501050763/cambodia-launches-1st-b2b2c-e-commerce-platform/

Koh Rong Sanloem casino ‘is flouting’ closure order

A Preah Sihanouk provincial official said on Thursday that the owner of Jinding Hotel and Casino on Koh Rong Sanloem is flouting the authorities’ order to close the business by March 22. Preah Sihanouk Provincial Hall spokesman Kheang Phearum told The Post that the provincial ...

Khorn Savi
https://www.phnompenhpost.com/national/koh-rong-sanloem-casino-flouting-closure-order

New ISP aims to compete on quality, not low pricing

Cambodia’s newest internet service provider (ISP), Today Communication, will join a busy market when it begins offering its services in Phnom Penh on Saturday. However, the company hopes that its focus on providing quality service, especially to businesses, will distinguish it from more than 30 ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-isp-aims-compete-quality-not-low-pricing

'Cambodia best ASEAN market for Indian SMEs'

Cambodia has recorded a growth rate of 10 percent since the last 10 years, and the time is right for the Indian small and medium enterprises (SMEs) to look at Cambodia as its key partner for accessing the ASEAN marke [sic], Ambassador of India in ...

http://www.smetimes.in/smetimes/news/top-stories/2012/Dec/10/cambodia-best-asean-market-indian-smes76801.html

CBC wins consumer credit reporting award

Independent financial information provider Credit Bureau (Cambodia) Co Ltd (CBC) scooped an award for “Excellence in Consumer Credit Reporting”, CBC said in a January 5 press release. UK-based “reputed international business magazine” Global business Outlook (GBO) honoured the locally-owned CBC for its “exceptional performance” in Cambodia’s ...

May Kunmakara
https://www.phnompenhpost.com/business/cbc-wins-consumer-credit-reporting-award

Dell announces two new services for IT firm's enterprise clients

Dell Corporation (Thailand) has announced two new services to support enterprise customers and expects them to be key for potential business in the near future Dell services now come with global support and deployment, providing onsite service, customisation and outsourcing. Its infrastructure and cloud unit offers ...

http://www.nationmultimedia.com/business/Dell-announces-two-new-services-for-IT-firms-enter-30191061.html

Malaysia’s Felda mulls local crops

Malaysia-based agricultural and commodities company Felda Global Ventures Holdings is considering investing in palm oil, sugar and rubber crops in Cambodia. Felda Global head of corporate communications Izan Hussain said yesterday the company had received numerous business proposals, but had not made any decisions. “Our discussions and ...

http://www.phnompenhpost.com/2013032964774/Business/malaysia-s-felda-mulls-local-crops.html

Small-scale construction firms suffer amid slump in demand

Small business owners in the pillar construction industry say they are facing hard times as demand increases for large pillars but diminishes for small-scale construction. Chheang Bona, director of 7FTD Co, Ltd in Vihear Sour commune, in Kandal province’s Ksach Kandal district, said that his ...

The Editor
http://www.phnompenhpost.com/real-estate/small-scale-construction-firms-suffer-amid-slump-demand

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