Turkish cosmetics firms eye market
Representatives of 21 Turkish cosmetics and self-care brands pitched their products to wholesalers, retailers and distributors at a cluster meeting in Phnom Penh yesterday, looking to get a foothold in one of Asia’s fastest-growing consumer markets.All but one of the brands had come to Cambodia ...
Ayanna Runcie
http://www.phnompenhpost.com/business/turkish-cosmetics-firms-eye-market
Cambodia-China ties in trade, investment, tourism look better: commerce minister
The ties between Cambodia and China in trade, investment and tourism have steadily grown from year to year thanks to good relations between the two countries, Cambodian Minister of Commerce Cham Prasidh said Tuesday. “China is one of our key trading partners. The two-way trade volume ...
Restoration of irrigation systems set to begin in four provinces
The Ministry of Water Resources and Meteorology, through the Asian Development Bank (ADB)-financed Climate Friendly Agri-Business Value Chains (CFAVC) Sector Project, will begin restoring 32 irrigation systems and dig 800 ponds in Takeo, Kampong Cham, Kampot and Tbong Khmum provinces. ...
Voun Dara
https://www.phnompenhpost.com/national/restoration-irrigation-systems-set-begin-four-provinces
Cambodian travel agents meet up with Malaysian counterparts in tourism seminars
Tourism Malaysia beefs up its international marketing efforts by organising seminars in Phnom Penh and Siem Reap, packed with business-to-business (B2B) sessions and networking luncheons, to arrange possible tie-ups between Malaysian tourism industry players and its Cambodian counterparts. ...
Khmer Times Staff
https://www.khmertimeskh.com/501345769/cambodian-travel-agents-meet-up-with-malaysian-counterparts-in-tourism-seminars/
RPR to slap fine on 38 non-bank financial firms
The Real Estate Business and Pawnshop Regulator (RPR) under the Non-Bank Financial Service Authority (FSA) of the Ministry of Economy and Finance (MEF) has prepared notifications to fine 38 Businesses that provide non-bank financial services and products to customers, according to a report released by ...
Kang Sothear
https://www.khmertimeskh.com/501146880/rpr-to-slap-fine-on-38-non-bank-financial-firms/
Single Portal registrations top 19K
A total of 19,072 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of November 2, the finance ministry reported, in an achievement seen as a reflection of government efforts to improve the ease of ...
May Kunmakara
https://www.phnompenhpost.com/business/single-portal-registrations-top-19k
Vietnamese E-Taxis Headed for Cambodia
Vietnam’s VinFast electric taxis are gearing up to land in Cambodia and Laos after gaining dominance on home turf, sparking a decision to expand to countries that prioritise tourism, according to The Business Times. ,,, ...
Yatt Malai
https://kiripost.com/stories/vietnamese-e-taxis-headed-for-cambodia
UN: invest in women
Cambodia needed to invest in women to aid its development and integration into the ASEAN economic community, United Nations Under Secretary-General Noeleen Heyzer said yesterday. Heyzer, executive secretary of the Economic and Social Commission for Asia and the Pacific(ESCAP), met with Minister of Women’s Affairs Ing Kantha ...
http://www.phnompenhpost.com/index.php/2012082358228/Business/un-invest-in-cambodian-women.html
After poll, confidence dips: study
Confidence in the Cambodian economy has plummeted roughly 50 per cent in the tense post-election period, according to a market research survey of foreign business leaders working in the country. The survey, conducted by Indochina Research and seen by the Post this week, found that 98 ...
http://www.phnompenhpost.com/business/after-poll-confidence-dips-study
New travel app praised by tourism sector, ministry
The Kingdom’s software development sector is being seen as an increasingly important player in the country’s move to strengthen its tourism industry and provide visitors with the latest conveniences. Stephane Combre, a developer at To Do in Cambodia, said that the firm’s platform, launched in ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/new-travel-app-praised-tourism-sector-ministry
Hedging China risks, Japan firms turn to booming SE Asia
Hiroshi Uematsu had a tough start in Cambodia, where he heads an economic zone that aims to attract business from his native Japan. He arrived just before the global financial crisis sent the Asian Economic Minnow’s exports into a tailspin and dried up investment interest. Now, ...
Firm to Offer Financing for Motorcycles
Thailand’s GL Finance Plc. launched its business in Cambodia on Friday by opening eight branches in Phnom Penh and Kandal province that will operate hire purchase operations out of Honda motorcycle dealership. Speaking during the opening ceremony for its branch in Phnom Penh’s Prampi Makara district, ...
Results of agriculture census out
The Ministry of Planning is to release today preliminary results of Cambodia’s first agricultural industry census, which promises to provide the biggest ever snapshot of the key sector. According to a press release issued yesterday by the ministry, the census’ preliminary results will include the number ...
Hor Kimsay
http://www.phnompenhpost.com/business/results-agriculture-census-out
EU gives $3.9 million to attract investment
The European Union will spend €3 million ($3.9 million) on a program to encourage small and medium enterprises to invest in Cambodia. Speaking at a conference yesterday in Phnom Penh, EU Ambassador to Cambodia Jean-Francois Cautain said the five-year grant – to be managed by EuroCham ...
http://phnompenhpost.com/business/eu-gives-39-million-attract-investment
http://Daniel de Carteret
Presence of Vietnamese goods limited in regional market
Many types of Vietnamese goods have faced strong competition of imported products from nations in the Southeast Asian region, while local businesses have met difficulties in broadening the presence of their products in these markets. For the last ten years, many businesses in Ho Chi Minh ...
Thuy Hai
http://www.saigon-gpdaily.com.vn/Business/Economy/2014/12/111809/
ACU lays out rules on receiving gifts
The body overseeing the Anti-Corruption Unit (ACU) has made public internal regulations that prohibit ACU personnel from receiving gifts worth more than $25 and require them to report business dinners in advance, while also making rare disclosures about the kinds of items proffered to the ...
Chhay Channyda
http://www.phnompenhpost.com/national/acu-lays-out-rules-receiving-gifts
Digitally adapting to economic challenges
As many small and medium-sized enterprises (SMEs) struggle to stay afloat because of current economic challenges, many entrepreneurs in the kingdom are adapting and taking advantage of opening businesses online and using social media and its technology as a business tool. ...
Jason Boken
https://www.khmertimeskh.com/50784394/digitally-adapting-to-economic-challenges/
PM calls for quick establishment of commercial court
Prime Minister Hun Sen urged the Ministry of Justice to expedite the establishment of a commercial court and to operationalise it as soon as this year. This is to ensure the resolution of trade and business disputes and to improve the investment and business climate ...
Chea Vanyuth
https://www.khmertimeskh.com/501314495/pm-calls-for-quick-establishment-of-commercial-court/
NBC calls for more salary payments in Riel
The National Bank of Cambodia (NBC) Governor Chea Serey encouraged businesses in the Kingdom to prioritize internal policies to pay staff salaries in Khmer Riel (KHR) as opposed to the US dollar (USD), especially in regards to businesses involved in the garment, textile and footwear ...
James Whitehead
https://www.khmertimeskh.com/501465505/nbc-calls-for-more-salary-payments-in-riel/
Report shows workforce still lacks skills
Cambodia lacks the skilled labor force necessary to advance the economy and the government must find ways to create more valuable work as it faces fierce regional and international competition, according to a new report released Thursday by the World Bank. The report, “East Asia Pacific ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/report-shows-workforce-still-lacks-skills-58432/