News

SMEs registration inches up to 443,628 last year

The Ministry of Industry, Science, Technology, and Innovation (MISTI) registered a new growth of small and medium enterprises (SMEs) by 1.43 percent to 44,628 last year, an official report showed. ...

Chea Vanyuth
https://www.khmertimeskh.com/501444697/smes-registration-inches-up-to-443628-last-year/

Cashew exports to Vietnam decline 16%, says CAC

Cambodia exported 607,000 tonnes of Raw Cashew Nuts (RCN) to Vietnam in the first eight months of 2023 earning $820 million, a decrease of 15.8 percent compared to the same period last year. ...

Nheng Chamrong
https://www.khmertimeskh.com/501361913/cashew-exports-to-vietnam-decline-16-says-cac/

PM asks MEF to simplify biz registration procedures

Prime Minister Hun Manet asked Deputy Prime Minister and Minister of Economy and Finance (MEF) and Chairman of the Committee on Economic and Financial Policy Aun Pornmoniroth to simplify business registration and reduce tax burdens for the self-employed in the informal economy to be formalised ...

Kang Sothear
https://www.khmertimeskh.com/501353754/pm-asks-mef-to-simplify-biz-registration-procedures/

Deadline for online business registration now extended to July

Uncertainty over business conditions and the impact of the spread of Covid-19 has prompted the Ministry of Commerce to postpone the issuing of fines until July for online business owners who are late to apply for e-commerce permits or licences. ...

Hin Pisei
https://www.phnompenhpost.com/business/deadline-online-business-registration-now-extended-july

2nd phase of business registration system up

The Royal Government of Cambodia (RGC) on September 1 deployed Phase II of its online business registration platform, known as the “Single Portal”. ...

Thou Vireak
https://www.phnompenhpost.com/business/2nd-phase-business-registration-system

Single Portal’s Phase II in August

The Ministry of Economy and Finance is set to deploy Phase II of its Businesses Registration Platform, also known as the “Single Portal”, next month, following more than a year of smashing success since its debut   ...

Thou Vireak
https://www.phnompenhpost.com/business/single-portals-phase-ii-august

Cambodia registers about 8,000 trademarks in 2020

Local and international companies registered 7,997 trademarks with the Ministry of Commerce 2020, up 30 percent over the previous year, the ministry reported. The ministry said it mediated 23 cases of infringement and dissolved 37 trademarks during the year. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-registers-about-8000-trademarks-2020

Papa John’s set to open 15 stores in Kingdom over next three years

US-based pizza chain Papa John’s International Inc on April 7 unveiled plans to open 15 new outlets in the Kingdom over the next three years. Papa John’s opened its flagship store in Phnom Penh late last month, the company said in a press release. ...

Thou Vireak
https://www.phnompenhpost.com/business/papa-johns-set-open-15-stores-kingdom-over-next-three-years

Commerce ministry posts 50.8% dip in revenue

The Ministry of Commerce posted $12.7 million in revenue for 2020, down by 50.83 per cent over $26.60 million in 2019, driven down by reductions in business registration fees and an increasing number of merchants self-certifying their products’ origins. ...

Thou Vireak
https://www.phnompenhpost.com/business/commerce-ministry-posts-508-dip-revenue

Tesla ‘yet to request’ business licence

South African-born US entrepreneur Elon Musk’s Tesla Inc has not yet requested a business licence with the Ministry of Commerce as of April 6, ministry spokesman Pen Sovicheat told The Post. ...

May Kunmakara
https://www.phnompenhpost.com/business/tesla-yet-request-business-licence

New business registrations down 41%

Last year saw 7,860 new businesses register with the Ministry of Commerce, down 40.72 percent from 13,259 in 2019. At the same time, the ministry dissolved 500 businesses last year, marking a 187 percent increase from 174 in 2019. ...

Thou Vireak
https://www.phnompenhpost.com/business/new-business-registrations-down-41

Public service fees reduced to up growth

The government has decided to revise three types of public service fees to boost business registration and draw more investment both locally and abroad, said the ministries of Economy and Finance; and Commerce in a joint statement.​ ...

Thou Vireak
https://www.phnompenhpost.com/business/public-service-fees-reduced-growth

Local business registration up, sound macro-economic performance cited

Crediting sound macro-economic performance, the Ministry of Commerce reported a more than 24 per cent increase in the number of firms registering with it in the first 11 months of this year on the same period last year. According to the ministry, business registration increased ...

Thou Vireak
https://www.phnompenhpost.com/business/local-business-registration-sound-macro-economic-performance-cited

Experts call for faster, cheaper business registration process

To encourage more young people to become entrepreneurs, the government must prioritise improving the process of starting and registering a business, reducing capital requirements, and expanding access to finance, experts said last week. ...

Sok Chan
https://www.khmertimeskh.com/50562154/experts-call-for-faster-cheaper-business-registration-process/

Government considers delay of business registration

Fewer than half of Cambodia’s 42,000 registered businesses have met the government’s deadline for reregistering online, prompting the Ministry of Commerce to consider another extension, a spokeswoman said on Tuesday.​ ...

Kang Sothear
https://www.cambodiadaily.com/business/government-considers-delay-business-registration-118856/

Some 1,368 new firms registered in Cambodia in H1, down 19%

The Ministry of Commerce said Monday that it has granted operating licenses to 1,368 new companies in the first half of this year, down 19 percent compared with the 1,694 firms over the same period last year. ...

http://news.xinhuanet.com/english/business/2013-07/15/c_132543010.htm

Too few businesses registered

A majority of small and medium enterprises in Cambodia were not registered, despite the advantages it offered to businesses, participants at a workshop on business registration procedure, intellectual property and business etiquette for women heard yesterday. Referring to 2011 statistics, Chan Sorey, vice-minister of the Ministry ...

http://www.phnompenhpost.com/index.php/2012102659433/Business/too-few-businesses-registered.html

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