Economy and commerce

Economic policy and administration

Cambodia Startup Advisers set to launch non-technical, practical guide for start-ups

Cambodia Startup Advisers (CSA) is set to launch its Cambodia Startup Handbook as a tool for the Kingdom’s entrepreneurs, its press release said on Friday. Scheduled to be launched on Tuesday, the book is co-authored by Sreypeou Chaing, Junro Binang, Pheng Thea and David Haskel ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-startup-advisers-set-launch-non-technical-practical-guide-start-ups

Digital economy needs 10 years

Cambodia’s digital economy remains at a nascent stage and will need at least 10 years to grow and aim for a technology-driven economy, said Minister of Economy and Finance Aun Pornmoniroth. Speaking at the national consultation workshop on Policy and Direction of Cambodia’s Digital Economy ...

Hor Kimsay
https://www.phnompenhpost.com/business/digital-economy-needs-10-years

Government approves 269 trademarks

The Ministry of Commerce approved 269 business trademarks this year, bringing the total number of such registrations at the ministry to 4,186 – an increase from 3,917 last year, its annual report said. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/government-approves-269-trademarks

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/

A roadmap for financial growth

The government yesterday unveiled its financial sector development strategy for 2016 to 2025, which provides stakeholders with a document to evaluate the last decade of growth while outlining an action plan for the next decade. Chea Serey, director-general of the NBC, said the content of ...

Hor Kimsay
http://www.phnompenhpost.com/business/roadmap-financial-growth

Online trademarks go live

The Ministry of Commerce is urging local and foreign businesses to register their trademarks in Cambodia via a new online system.Commerce Minister Pan Sorasak said the system will serve both the public and private sector and make it easier for organisations to protect their intellectual ...

Sok Chan
http://www.khmertimeskh.com/news/38781/online-trademarks-go-live/

World Bank economists grilled over pervasive rural debt

The head of Transparency International Cambodia used the release of a World Bank economic report yesterday to press the lender’s economists on rural indebtedness and their claim that the country’s strong GDP growth was helping the country’s poor. ...

Brendan O’Byrne
https://www.cambodiadaily.com/news/world-bank-economists-grilled-pervasive-rural-debt-129932/

Efforts to formalise SMEs fall short

The Cambodian government has made negligible progress in bringing small- and medium-size enterprise (SMEs) into the regulatory fold, reporting a less than 0.5 percent increase in the total number of companies registered in the last five years – a sign business professionals claim shows that ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/efforts-formalise-smes-fall-short

Tax exemption offered to SMEs

A two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018.   ...

Chea Vannak
http://www.khmertimeskh.com/news/35749/tax-exemption-offered-to-smes/

Cambodia to protect European patents

Cambodia is set to become the first country in Southeast Asia to recognise and protect European patents after the Minister of Industry and Handicrafts signed an agreement with the European Patent Office (EPO) yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-protect-european-patents

PM: Cambodia on track for high-income status

Extolling forecasts that Cambodia’s economy will maintain its 7 percent growth rate this year, Prime Minister Hun Sen yesterday reiterated a past prediction that the country would reach upper-middle income status by 2030 and become a high-income country in 2050 – though one expert said ...

Touch Sokha
http://www.phnompenhpost.com/national/pm-cambodia-track-high-income-status

43 awarded tax agent licenses

As part of ongoing government efforts to modernize and streamline the country’s tax system, 43 tax agent licenses were awarded yesterday. The 43 companies are now legally recognized as offering tax declaration services to the public and private sectors. Eighteen had previously been doing this work ...

Chea vannak
http://www.khmertimeskh.com/news/31518/43-awarded-tax-agent-licenses/

SMEs urged to register

The country’s Small and Medium Enterprises (SMEs) have been urged to register with the Ministry of Industry by early next year, in order that government policy intended to aid competitiveness can be more effective. ...

Sok Chan
http://www.khmertimeskh.com/news/31365/smes-urged-to-register/

Sihanoukville casino gambled with an expired licence

reah Sihanouk provincial authorities have ordered a casino that operated in Sihanoukville shut down after it failed to renew its operating licence, local media reported yesterday.​ ...

Post Staff
http://www.phnompenhpost.com/business/sihanoukville-casino-gambled-expired-licence

Another setback for online business registry

The Ministry of Commerce has extended the deadline for companies to re-register their businesses online for a third – and “final” – time, giving companies until December 31 to complete the online registration before penalties kick in, according to a document posted yesterday on the ...

Post Staff
http://www.phnompenhpost.com/business/another-setback-online-business-registry

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/

Non-taxpayers targeted

The government will not increase the rate for income tax and other taxes for the next two years, but will instead concentrate on expanding the base for tax collection, taking into account that there are still many individuals and businesses that do not pay tax ...

Sok Chan
http://www.khmertimeskh.com/news/30034/non-taxpayers-targeted/

IPAC to work closely with gov’t to enhance intellectual property

Cambodia’s first independent association for promoting intellectual property (IP) is seeking closer cooperation with government agencies to help the private sector better understand IP, its benefits and the importance of registering their products. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/ipac-work-closely-govt-enhance-intellectual-property

Concern over trade deal’s investor dispute mechanism

A civil society organisation has raised concerns about the proposed Regional Comprehensive Economic Partnership (RCEP), claiming that one provision of the sweeping trade agreement would limit the Kingdom’s ability to draft socially beneficial policies. ...

Kali Kotoski
http://www.phnompenhpost.com/business/concern-over-trade-deals-investor-dispute-mechanism

Asia set for e-commerce boom

A new report by market research firm TNS identifies five triggers that acted together as catalysts for the dramatic changes in consumer behaviour that led to China’s “explosive” e-commerce growth, and suggests other Asian economies could be on the same trajectory. ...

Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/asia-set-e-commerce-boom

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