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Deal signed to stimulate rice exports to Mongolia

A rice mill has signed a Memorandum of Understanding (MoU) with a Mongolian business council that aims to see Cambodia export rice to the landlocked country in the near future. ...

Prak Chan Thul
https://kiripost.com/stories/deal-signed-to-stimulate-rice-exports-to-mongolia

Government approves new draft law on taxation

The Cambodian government on Friday approved a new draft taxation law which is said to contribute to promoting and enhancing the Cambodian business sector, increase the favorable investment environment, and strengthen fiscal compliance. ...

Chea Vanyuth
https://www.khmertimeskh.com/501266503/government-approves-new-draft-law-on-taxation/

Gold Mining Reporting Must Be More Open: NGOs

On Dec. 20, the Fair Finance Coalition, the NGO Forum on Cambodia (NGOF), and Oxfam in Cambodia issued studies on gold mining businesses at six locations in Preah Vihear, Ratanakiri and Mondulkiri provinces. ...

Lay Sopheavotey
https://cambodianess.com/article/gold-mining-reporting-must-be-more-open-ngos

Ministry discuss digital government initiatives

The Ministry of Interior convened a meeting to discuss challenges and gather insights related to the digital government initiative, in anticipation of their scheduled assembly of the Digital Economy and Business Committee (DEBC) on October 27. ...

Post Staff
https://www.phnompenhpost.com/national/ministry-discuss-digital-government-initiatives

$5.18B disbursed as wages by registered firms in 2023

Businesses and factories registered with the Ministry of Labour and Vocational Training (MLVT) paid $5.18 billion as wages last year, according to Prime Minister Hun Manet, yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501437084/5-18b-disbursed-as-wages-by-registered-firms-in-2023/

Trade

U.S. Secretary of State John Kerry and Cambodian Prime Minister Hun Sen at a bilateral meeting. Photo by U.S. Embassy Phnom Penh, taken on 06 January 2016. Licensed under CC BY-ND 2.0.Cambodia is a lower middle-income country with a fast-growing economy that has sustained a ...

Cambodia could fall short on rice seeds

Cambodia may fall short on the domestic demand for purified rice seedlings, which could dampen rice exports, government officials have said. Ouk Makara, director of the Cambodian Agricultural Research & Development Institute (CARDI), said that businesses have been increasingly eager to purchase purified seeds from the ...

http://www.phnompenhpost.com/index.php/2012021654544/Business/cambodia-could-fall-short-on-rice-seeds.html

Mining revenues questioned

The Ministry of Industry, Mines and Energy earned US$1.52 million in non-tax revenues in 2011, a figure that an opposition lawmaker said was far lower than the actual revenues brought in on mining licences. The intake was more than 15 per cent higher than in 2010, ...

http://www.phnompenhpost.com/index.php/2012032255187/Business/mining-revenues-questioned.html

Anti-tank mine explosion kills two

A bomb explosion on Thursday killed two of three “unlicensed” men who were hired to carry out mine clearance in O’Svay commune, in Oddar Meanchey province’s Trapaing Prasat district. District police chief In Kay said the villagers had collectively hired Hok Rachhan, 18, Mao Kamsot, ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/anti-tank-mine-explosion-kills-two

Yields from fishing take a dive

Exports of fresh fish and fish products fell significantly during the first nine months of the year, raising concerns about businesses and families operating in the Kingdom’s fisheries sector.Fresh and frozen fish export shipments fell 21 per cent during the first nine months of the ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/yields-fishing-take-dive

Aeonts wins Cambodia licence

The Cambodian hire-purchase subsidiary of Aeon Thana Sinsap (Thailand) or Aeonts has become the first Japanese financial firm to receive a specialised bank licence to do credit-card business in the neighbouring country, according to a statment to the Stock Exchange of Thailand Aeon Microfinance (Cambodia), ...

Darana Chudasri
http://www.bangkokpost.com/news/asean/756956/aeon-wins-cambodia-licence

The rise of millennials and implications for Phnom Penh’s real estate sector

CBRE’s 2016 report ‘Asia Pacific Millennials: Shaping the Future of Real Estate’ sheds light on millennials thinking around the themes of work, live and play. We see many of the trends observed at a regional level as being applicable to Phnom Penh’s millennials, especially in ...

James Hodge
http://www.phnompenhpost.com/post-property/rise-millennials-and-implications-phnom-penhs-real-estate-sector

Dredging licenses up for grabs

The government has granted contracts to three unnamed private companies to invest in dredging operations along parts of the , but is withholding the companies’ names and information on the specific areas for the large-scale projects. Lim Kean Hor, the Minister of Water Resources and Meteorology, told ...

http://www.phnompenhpost.com/index.php/2012090558508/National-news/dredging-licences-up-for-grabs.html

Southwest border flooded with contraband

The southwestern areas along the Vietnam – Cambodia border are now in their usual busy time of the year, with smuggled goods entering the country with near impunity. Most of the markets in the Mekong Delta are flooded with various contraband products, mostly brought from China ...

http://tuoitrenews.vn/cmlink/tuoitrenews/business/southwest-border-flooded-with-contraband-1.97203

Higher costs forcing Chinese firms to relocate to Southeast Asia

China’s rising wages and shrinking export demand are forcing manufacturers to relocate to neighbouring Southeast Asian nations and many that remain are seriously considering moving, a foreign trade official from the Ministry of Commerce said Buyers have “turned their eyes to manufacturers from Southeast Asian countries”, ...

http://my.news.yahoo.com/higher-costs-forcing-chinese-firms-relocate-southeast-asia-091002927.html

More ICT investment needed: businessmen

CAMBODIA’S economy can “leapfrog” by developing its information and communications technology (ICT) industry, but the government is not spending enough on ICT infrastructure to attract private investments, business leaders said at a seminar in Phnom Penh yesterday. “What has been seen over the last 20 years ...

http://www.phnompenhpost.com/2013032264620/Business/more-ict-investment-needed-businessmen.html

Cambodian Vtrust plans CSX floating

Local real estate company Vtrust Property Group plans to engage an underwriter in as little as two years to help it list on the Cambodia Stock Exchange, the company’s chairman, Kuy Vat, said yesterday. The company is now preparing the necessary documents on its business, corporate ...

http://www.phnompenhpost.com/2013032764710/Business/cambodian-vtrust-plans-csx-floating.html

Car Maker Mazda Opens in Cambodia

Japanese automaker Mazda opened its first showroom in Cambodia on Wednesday, making it the third foreign car company to move into the country since the beginning of the year. “Mazda starts selling in Cambodia from today,” said Chanthan Ngon, general manager of HGB Auto, the company’s ...

http://www.cambodiadaily.com/business/car-maker-mazda-opens-in-cambodia-39630/

Cambodia's city port sees 20 pct rise in shipment in 9 months

Cargo shipment entering and leaving Cambodia through the Phnom Penh Autonomous Port increased by 20 percent in the first nine months of 2013 thanks to growing business activities, according to port’s data released on Saturday. During the January-September period this year, the kingdom’s second largest port ...

Global Times News Staff
http://www.globaltimes.cn/content/818818.shtml#.UmSot_nTxe8

Vietnamese Shops Worry Over Possible Violence

Vietnamese business owners and managers in Phnom Penh on Tuesday said they were concerned their shops could become potential targets of ethnically motivated violence as anti-Vietnamese sentiment among protesters increases, but added they would continue to operate as normal—for now. In recent weeks, there has ...

Ben Sokhean and Joshua Wilwohl
http://www.cambodiadaily.com/business/vietnamese-shops-worry-over-possible-violence-50301/

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