Economy and commerce

Business associations

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/

Red carpet for Chinese investors

The high-profile investment conference, held under the tagline “Cambodia: The Kingdom of Opportunity Along The ‘One Belt, One Road”, saw representatives of more than 200 Chinese companies gather at a hotel conference centre on the outskirts of the capital. The full-day event was jointly organised ...

Joey Chua Xue Ting and Cheng Sokhorng
http://www.phnompenhpost.com/business/red-carpet-chinese-investors

Trade with China to grow

Hundreds of leading Chinese companies will come together with hundreds more local companies today at the first Cambodia-China Business Forum and Financial Development Forum in Phnom Penh, aimed at expanding trade and investment between the two countries. ...

May Kunmakara
http://www.khmertimeskh.com/news/32646/trade-with-china-to-grow/

Cambodia on alert for US taxpayers

With the Internal Revenue Service (IRS), the tax-collection arm of the United States government, stepping up its global sweep to catch American individuals and corporations hiding their overseas earnings, the American Chamber of Commerce in Cambodia yesterday held a presentation for investors and financial institutions ...

Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-alert-us-taxpayers

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/

More Chinese FDI on the horizon

China has pledged to increase its investment in Cambodia in return for the Kingdom’s commitment to its regional policies and economic initiatives in Southeast Asia. Wang Lei, secretary-general of the Chinese-ASEAN Expo (CAEXPO) Secretariat, said on Wednesday that Cambodia had thrown its full support behind China’s ...

Kali Kotoski
http://www.phnompenhpost.com/business/more-chinese-fdi-horizon

MoU signed with China

The Cambodia Chamber of Commerce (CCC) and the China Council for the Promotion of International Trade (CCPIT) on Friday signed a memorandum of understanding (MoU) to promote business interaction and enhance trade and investment between China and the Kingdom. ...

Sok Chan
http://www.khmertimeskh.com/news/29595/mou-signed-with-china/

Canada wants trade pact

Canada is keen to sign an investment protection agreement with Cambodia to boost trade between both countries following the visit of Canadian Foreign Minister Stephane Dion to the Kingdom last Friday. ...

Sum Manet
http://www.khmertimeskh.com/news/29361/canada-wants-trade-pact/

US businesses optimistic

Half of US businesses operating in Cambodia believe that political stability in the country is such that they are confident in expanding their operations, according to an annual report by the American Chamber of Commerce in Singapore and the US Chamber of Commerce’s International Affairs ...

Sok Chan
http://www.khmertimeskh.com/news/28690/us-businesses-optimistic/

Board of CRF seeks a double term

Just a month since their election, the leaders of the nation’s apex rice industry have cast a motion to extend their terms – a move some have greeted with suspicion. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/board-crf-seeks-double-term

GMS cross-border pact on hold

Though all countries in the Greater Mekong Sub-region (GMS) had signed a cross-border trade agreement (CBTA) 14 years ago to enhance the sub-region’s economic connectivity, the CBTA, however, is yet to be ratified in individual Mekong nations for its full implementation. This was revealed last ...

Sok Chan
http://www.khmertimeskh.com/news/28140/gms-cross-border-pact-on-hold/

US delegation urges gov’t to speed up reform

Cambodia must accelerate economic reform and develop a sense of “urgency” if it wishes to continue to attract American investment amid growing regional competition, the head of the US-ASEAN Business Council said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/us-delegation-urges-govt-speed-reform

Joint CCC-Matrade agreements

The Cambodia Chamber of Commerce (CCC) will for the first time sign bilateral cooperation agreements with Malaysia’s External Trade Development Corporation (Matrade) to pave the way for businesses in both countries to carry out matching activities, like events and expositions. ...

Sok Chan
http://www.khmertimeskh.com/news/27631/joint-ccc-matrade-agreements/

Asean forms sugar alliance

Cambodia, along with six other Asean member countries, reached an agreement to form an alliance of sugar-producing countries ‒ or so the called Asean Sugar Alliance (ASA) ‒ to promote and support the regional sugar industry and make it more competitive globally. ...

May Kunmakara
http://www.khmertimeskh.com/news/27411/asean-forms-sugar-alliance/

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