HKL gets $15 million to grow MFI operations
Cambodian microlender Hattha Kaksekar Ltd (HKL) has secured a $15 million cash injection to expand its business operations from its parent company, Thailand’s Bank of Ayudhya, Hout Ieng Tong, president and CEO of HKL, confirmed yesterday. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/hkl-gets-15-million-grow-mfi-operations
Competition, economic status leave garment sector at risk
Cambodia’s upgrade to lower-middle income status and looming competition from an E.U.-Vietnam trade deal pose major risks to the country’s garment and footwear export industry, a European business representative said on Thursday. ...
Hang Sokunthea
https://www.cambodiadaily.com/second2/competition-economic-status-leave-garment-sector-risk-130460/
Kith Meng firm’s wood seized near border
Authorities in Tbong Khmum province seized two trucks that were about to break the government’s ban on timber exports to Vietnam by carting wood across the border for a company owned by business mogul Kith Meng. ...
Aun Pheap
https://www.cambodiadaily.com/news/kith-meng-firms-wood-seized-near-border-127418/
Malaysian Maybank expands to outskirts
Malaysian-owned Maybank, one of the largest banks in Cambodia, opened its 12th national branch in Phnom Penh on Friday. The bank aims to reach emerging businesses in the city’s Special Economic Zone (PPSEZ) with the new office. ...
SCH in talks to form JV in Cambodia
Quarry machinery supplier SCH Group Bhd (SCH) is in negotiations to form a US$50,000 (RM178,000) joint venture (JV) with a local company in Cambodia to expand its distribution and supply of industrial products business there. ...
Wan Ilaika Mohd Zakaria
http://www.thesundaily.my/news/1325479
Cambodia and Myanmar race to become the next apparel manufacturing hub
Kingdom has become a popular destination for China’s processing trade businesses after Vietnam ...
Khmer Times Staff
https://www.khmertimeskh.com/501103915/cambodia-and-myanmar-race-to-become-the-next-apparel-manufacturing-hub-2/
Cintri defends fee irregularities to Anti-Corruption Unit
The company responsible for collecting Phnom Penh’s trash has defended its erratic pricing structure in response to an inquiry from the Anti-Corruption Unit (ACU), which says that numerous complaints have been filed by small business owners. The ACU sent a letter to Cintri (Cambodia) Ltd. on ...
Khuon Narim
http://www.cambodiadaily.com/news/cintri-defends-fee-irregularities-to-anti-corruption-unit-56153/
Conference focus on social enterprises
Cambodia’s second conference on social enterprise is set to take place tomorrow with the aim of tackling poverty, social exclusion and health and environmental problems, organisers say. The all-day conference, at the Cambodia-Japan Conference Centre at the Royal University of Phnom Penh, will facilitate discussions among participants ...
Aeon Insurance eyes Cambodia
Aeon Insurance Service (Thailand), the insurance broker of Aeon Thana Sinsap (Thailand), will study doing business in Cambodia as part of its synergy with Aeon Group, which is constructing its first mall in Phnom Penh. Managing director Sakarabhop Dhivarakara said yesterday that even though there were ...
http://www.nationmultimedia.com/business/Aeon-Insurance-eyes-Cambodia-30209477.html
Cambodia asks for help in oil and gas industry
Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. Mr. Chanthol laid out a goal to achieve an overall trade ...
Simon Henderson
http://www.cambodiadaily.com/business/cambodia-asks-for-help-in-oil-and-gas-industry-57237/
Japanese chain to open hotel in 2015
Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...
Siv Meng
http://www.phnompenhpost.com/post-weekend/japanese-chain-open-hotel-2015
Japan calls for policy changes
Representatives of Japanese companies and investors on Wednesday submitted a list of policy recommendations to the government concerning 21 challenges to the Kingdom’s business climate. Japanese Ambassador to Cambodia Masahiro Mikami and leaders of the Japanese business Association in Cambodia (JBAC), Japan International Cooperation Agency and ...
May Kunmakara
https://www.phnompenhpost.com/business/japan-calls-policy-changes
Entrepreneurs advised to register to reap benefits
A women entrepreneur workshop is urging all entrepreneurs to legally register their business to enjoy full benefits from National Social Security Fund (NSSF). Executive Director of the Coalition for Partnership in Democratic Development (CPDD), Sin Penh, on Thursday raised concerns at a policy consultation workshop ...
Seng Mengheng
https://kiripost.com/stories/khmer-women-entrepreneurs-advised-to-register-business-to-reap-benefits
Chinese investors keen to return to Cambodia
Chinese investors and business people are keen to return to Cambodia following the opening of China’s borders and Cambodia, on its part, is ‘China Ready.’ The bonhomie between the business communities of the two countries came to the fore once again at a forum organised ...
Chea Vanyuth
https://www.khmertimeskh.com/501243609/chinese-investors-keen-to-return-to-cambodia/
Index Creative Village to tap Cambodian market next year
Index Creative Village, the country’s leading event management company, will expand its business into Cambodia next year by organising trade fairs in response to its clients’ need to capitalise on the Asean economic integration. ...
Watchiranont Thongtep
http://www.nationmultimedia.com/business/Index-Creative-Village-to-tap-Cambodian-market-nex-30271560.html
Protesters want government to revitalize dilapidated beach
A representative of 18 vendors in Sihanoukville asked the government for help in reviving the area where they used to live and work, claiming that the half-finished construction sites destroyed the area and any businesses operating there. ...
Chea Takihiro
http://www.khmertimeskh.com/news/16930/protesters-want-government-to-revitalize-dilapidated-beach/
Industry largely bullish on AEC integration
Government and business representatives continue to remain optimistic about Cambodia’s prospects after the ASEAN Economic Community integration next year, saying that the Kingdom had upped production levels and strengthened quality measures to remain competitive in the region. ...
Sor Chandara
http://www.phnompenhpost.com/business/industry-largely-bullish-aec-integration
Stock exchange ready for SMEs
The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...
Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/
Government scrubs database that exposed Hun family riches
The Commerce Ministry has scrubbed its website of all corporate shareholder information since last month’s release of a report damned by Prime Minister Hun Sen’s children for shedding light on the first family’s sprawling business empire. ...
Zsombor Peter
https://www.cambodiadaily.com/news/government-scrubs-database-exposed-hun-family-riches-116772/
Royal Group head Kith Meng urges tax rate revision
Private sector representatives argued yesterday that Cambodia’s outdated taxation laws do not accurately reflect the Kingdom’s current business climate, urging the General Department of Taxation (GDT) to revise the legal framework to promote private sector growth. ...
Hor Kimsay
http://www.phnompenhpost.com/business/royal-group-head-kith-meng-urges-tax-rate-revision