Ministry registers over 11,000 new businesses
The Ministry of Commerce registered 11,506 new companies and enterprises in the January-November period of 2023, up 14.58 percent from 10,046 in the same period last year, a report of the Ministry of Commerce showed. ...
Chea Vanyuth
https://www.khmertimeskh.com/501414977/ministry-registers-over-11000-new-businesses/
17 mega US firms keen to explore investment opportunities in Cambodia
Representatives from 17 mega firms from the United States have evinced interest in exploring investment opportunities in the Kingdom. ...
Chea Vanyuth
https://www.khmertimeskh.com/501447882/17-mega-us-firms-keen-to-explore-investment-opportunities-in-cambodia/
Online business registration system surpasses $10 billion
The total capital of businesses enrolled through the Online business Registration System (OBRS) via IT Platform phase I – commonly known as Single Portal – had reached almost $10 billion as of January 22, with the number of listed companies increasing to over 32,000, official ...
Hin Pisei
https://www.phnompenhpost.com/business/online-business-registration-system-surpasses-10-billion
Japan's businessmen visit Myanmar, Cambodia for investment opportunities
A delegation comprised of Japan’s top business leaders, known as Keidanren, began a six-day trip to Myanmar and Cambodia Monday, seeking new business and investment opportunities there. Hiromasa Yonekura, chairman of the Japan business Federation, is leading the delegation and said he hopes that meetings with ...
http://news.xinhuanet.com/english/business/2013-02/04/c_132150013.htm
No improvement in 'Doing Business' report
With few reforms made in the past year, Cambodia ranked 138th out of 181 countries for the second consecutive year in the World Bank’s ‘Doing Business’ report released yesterday, a ranking that put it behind countries such as Syria and Sudan. The report ranks countries based ...
Forum breaks ice, yet more time needed
Long-time foreign members of the Cambodian business community said the US-ASEAN business Forum, held on Friday in Siem Reap, was largely successful in setting the country in the sights of America businesses, but multinational corporations will need more time in the Kingdom before nailing down ...
Cambodia's banking industry sees 31 pct lending growth in last 12 months
Loan demands from Cambodia’s banking industry had surged by 31 percent in the last twelve months thanks to the growing business activities in trade, real estate, agriculture and manufacturing, a central bank’s senior official said Tuesday. As of June 2012, the kingdom’s 32 commercial banks had ...
http://www.chinadaily.com.cn/xinhua/2012-07-24/content_6528755.html
Cashew nut harvest likely to decline
As the end of this year’s cashew harvest nears, the yield in two major producing provinces has fallen compared with last year, officials and farmers said, while traders said that the price of the nuts had also dropped since last year. In Kompong Cham province, this ...
Thai manufacturers sizing up Cambodia
Thai manufacturers are being urged to transfer some of their production facilities to Cambodia and other neighboring countries, according to a report in the Thai media yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/24478/thai-manufacturers-sizing-up-cambodia/
CCC, China’s ACFIC join forces to enhance investment ties
The Cambodian Chamber of Commerce (CCC) and the All-China Federation of Industry and Commerce (ACFIC) have announced the collaboration to strengthen investment ties between the two nations. ...
Chea Vanyuth
https://www.khmertimeskh.com/501495806/ccc-chinas-acfic-join-forces-to-enhance-investment-ties/
Industry pushes for electronic payments
With the e-commerce law hoped to be passed before the end of the year, industry experts said it is important for Cambodian businesses to begin to encourage e-commerce activity, with an emphasis on electronic payments systems. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/industry-pushes-electronic-payments
Government remains optimistic on economic growth
The government yesterday slightly lowered its growth forecast for this year – from 7 to 6.9 percent – citing slowing growth in China and Europe as well as the appreciation of the US dollar as the reasons for the cut. ...
May Kunmakara
http://www.khmertimeskh.com/news/17012/government-remains-optimistic-on-economic-growth/
School director transferred after $30k scandal
Ly Sothea, the director of the National Institute of Business (NIB) at the center of a scandal involving more than $30,000 that was withheld from teachers, was transferred from his position Monday to a new job at the Labor Ministry, though an Education Ministry official ...
Khuon Narim
https://www.cambodiadaily.com/news/school-director-transferred-after-30k-scandal-98383/
New partnership to light up electronics sector in Cambodia
Legrand, a French manufacturer of electrical equipment, entered into an agreement on Friday with local company BMSC to distribute uninterruptible power supply (UPS) devices in the Cambodian market. ...
Sok Chan
http://www.khmertimeskh.com/5096455/new-partnership-light-electronics-sector-cambodia/
Push for border use of local currencies
Business leaders from the Lower Mekong region are urging their respective governments to use local currencies for trading in border regions instead of the US dollar, arguing that this would facilitate Business transactions and reduce exchange costs, a Thai newspaper reported yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/push-border-use-local-currencies
Garments, handicrafts employ 700,000 people
The garments and handicrafts sector currently employs about 700,000 workers, a government official said. The official said Cambodia now had about 890 factories and 40,000 small businesses producing handicrafts with annual output of about $6 billion. ...
Business Registrations Up 10.8% in First 6 Months
The number of new businesses registered in Cambodia through the first six months of 2012 reached 1,694, an increase of 10.86 percent compared to the same period last year, according to figures released on Tuesday by the Ministry of Commerce. ...
Human rights issues alleged in renewable energy sector report
The first human rights benchmark of renewable energy companies reveals serious weaknesses in industry efforts to protect workers and communities, creating risks in a sector vital to countering the climate crisis, according to the Business and Human Rights Resource Centre (BHRRC). However, Cambodia, which aims ...
Sorn Sarath
https://www.khmertimeskh.com/50739595/human-rights-issues-alleged-in-renewable-energy-sector-report/
Exclusive ADB may offer more than $1.5b in new funding
Khmer Times can report that the Asian Development Bank (ADB) is proposing to provide $1.5211 billion of new funding in its updated Cambodia country operations and business plan (COBP) 2021-2023. ...
Harrison White
https://www.khmertimeskh.com/50744668/exclusive-adb-may-offer-more-than-1-5b-in-new-funding/
Business owners embrace new online registration system
The number of companies registered via the government’s new online business registration system was confirmed as 287 as of July 29, while 323 companies are pending approval, according to data from the Ministry of Economy and Finance (MEF). ...
Sok Chan
https://www.khmertimeskh.com/50751123/business-owners-embrace-new-online-registration-system/