Economy and commerce

Business associations

CCC inks 18 MoUs with Chinese firms

The Cambodia Chamber of Commerce (CCC) on Thursday signed 18 memorandums of understanding (MoUs) with a visiting delegation of Chinese business leaders from 24 firms. They involved various forms of cooperation. ...

Hin Pisei
https://www.phnompenhpost.com/business/ccc-inks-18-mous-chinese-firms

SEA leaders create development strategy

Twenty – eight leaders from various business sectors in Southeast Asia came together last month to create a strategy to propel the Kingdom’s sustainable development with actionable and measurable targets.​ ...

Poovenraj Kanagaraj
https://www.khmertimeskh.com/50661055/sea-leaders-create-development-strategy/

Kith Meng re-elected as CCC president

Prominent businessman Kith Meng was re-elected yesterday as the president of the Cambodia Chamber of Commerce with the support of 15 presidents of chambers in Phnom Penh and provinces. ...

Chea Vannak
https://www.khmertimeskh.com/50643673/kith-meng-re-elected-as-ccc-president/

US businessmen seek improved ties to Cambodia

US-ASEAN Business Council President Alexander Feldman wants Cambodia and the US to maintain and improve their relationship.​ ...

Ven Rathavong
https://www.khmertimeskh.com/537818/us-businessmen-seek-improved-ties-to-cambodia/

Boao Forum to further bolster Cambodia-China relations

The Boao Forum for Asia-Phnom Penh Conference brought together this week Chinese and Cambodian leading business ​people and politicians to discuss economic ties between the countries and promote inter-regional economic cooperation. ...

Sok Chan
https://www.khmertimeskh.com/50537483/boao-forum-to-further-bolster-cambodia-china-relations/

Chamber of Commerce Law forthcoming

The draft of the new Law on the Chamber of Commerce is again being reviewed by the Cambodia Chamber of Commerce (CCC). Once the proposed changes to the draft are completed, the law will be sent to the Council of Ministers for further discussion and approval, ...

Sum Manet
http://www.khmertimeskh.com/50105722/chamber-of-commerce-law-forthcoming/

Chinese companies playing active role in Lancang-Mekong Cooperation

Since the establishment of the Lancang-Mekong Cooperation (LMC) mechanism less than two years ago, many Chinese companies have been active players in the cooperation, greatly boosting regional development in the six riparian countries. Jiang Zengwei, chairman of the China Council for the Promotion of International ...

Fei Liena, Lu Juan, and Mao Pengfei
http://www.xinhuanet.com/english/2018-01/10/c_136885593.htm

Denmark’s Damco launches new head office

The Embassy of Denmark in Cambodia has encouraged more Danish companies and investors to explore investment opportunities in the kingdom, arguing that in an increasingly competitive global market, it is crucial that national governments and individual businesses cooperate to increase business activity. ...

Sok Chan
http://www.khmertimeskh.com/5085157/denmarks-damco-launches-new-head-office/

Legal firm to help elite gain dual citizenship

A NEW international law firm is preparing to set up shop to provide foreign citizenship or residency services to Cambodia’s wealthy elite by helping to facilitate large overseas investments as well as business expansion plans. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/legal-firm-help-elite-gain-dual-citizenship

GDT’s hands tied on sign fees

The tax authority yesterday refuted local media claims that it had endorsed a private sector call to end Phnom Penh City Hall’s taxation of billboards and commercial signage throughout the capital, which advocates have said imposes an onerous levy on local businesses. ...

Hor Kimsay
http://www.phnompenhpost.com/business/gdts-hands-tied-sign-fees

Japanese FDI on the rise in Cambodia

The strong inflow of Japanese investment is expected to continue on the back of both large-scale commercial projects and the consumer habits of Japanese expatriates residing and working in Cambodia, according to investment officials. ...

Hor Kimsay
http://www.phnompenhpost.com/business/japanese-fdi-rise-cambodia

Singapore delegation meets CDC

More than 40 business delegates from the Singapore-China Chamber of Commerce and Industry yesterday met the secretary-general of the Council for the Development of Cambodia (CDC) to discuss potential investments and seek local business partners. ...

Sok Chan
http://www.khmertimeskh.com/news/38688/singapore-delegation-meets-cdc/

Local startup is selected for fintech accelerator program

A Cambodian startup was selected to take part in Startupbootcamp’s three-month fintech accelerator program in Singapore, becoming the second firm from the Kingdom to join the international program in as many years. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-startup-selected-fintech-accelerator-program

Kingdom sees major increase in United States investment

US investments in Cambodia increased 15-fold last year, due mainly to the construction of a new Coca-Cola plant in the Phnom Penh Special Economic Zone, according to a statement from the Council for the Development of Cambodia (CDC). ...

Sok Chan
http://www.khmertimeskh.com/news/35808/kingdom-sees-major-increase-in-united-states-investment/

Banker to lead Khmer-Chinese coterie

Banking pioneer Pung Kheav Se was appointed yesterday as president of the Association of Khmer-Chinese in Cambodia, succeeding Duong Chhiv, who retired after holding the post for 16 years. ...

Hor Kimsay
http://www.phnompenhpost.com/business/banker-lead-khmer-chinese-coterie

Italy to set up chamber of commerce

Italy will set up a chamber of commerce in Cambodia this year with the aim of promoting and strengthening trade and investment opportunities in the kingdom.   ...

Sok Chan
http://www.khmertimeskh.com/news/34290/italy-to-set-up-chamber-of-commerce/

Government urged to hasten amendment of investment laws

The government should speed up amendments to its investment laws ahead of two major business conferences set for next year when visiting foreign investors will get first-hand knowledge of the economy, the head of a local business association said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/government-urged-hasten-amendment-investment-laws

Cooperation agreement with China

The Cambodia Chamber of Commerce (CCC) and China Foreign Trade Center on Tuesday signed a cooperation agreement with the aim of exchanging business and investment information between the two countries. CCC director-general Nguon Meng Tech told Khmer Times yesterday after the agreement signing that both sides ...

May Kunmakara
http://www.khmertimeskh.com/news/33162/cooperation-agreement-with-china/

Chamber of commerce expands

A new sub-decree to allow the Cambodia Chamber of Commerce to represent the business sector overseas, will come into force next year after Prime Minister Hun Sen signs the draft into law soon, according to a Commerce Ministry official. Soeng Sophary, the ministry’s spokesperson, said the ...

Sok Chan
http://www.khmertimeskh.com/news/33044/chamber-of-commerce-expands/

China to align Asean policy with Cambodia

China is considering setting up an industrial zone in Cambodia and says it will announce new areas of cooperation with Asean nations in line with Cambodia’s industrial development policy. The issues were discussed on Saturday when Commerce Minister Pan Sorasak met Xu Ningning, executive president of ...

Sum Manet
http://www.khmertimeskh.com/news/32729/china-to-align-asean-policy-with-cambodia/

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