Economy and commerce
Firms required to re-register online
More than 50,000 companies registered with the Ministry of Commerce will be required to re-register when the ministry rolls out its online registration system next month, a government official said yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/firms-required-re-register-online
Chair of ASEAN audit board goes to Kingdom
Som Kimsour, the chairwoman of Cambodia’s National Audit Authority, was appointed to chair the ASEAN Supreme Audit Institutions (ASEANSAI), a collaborative body of public sector auditors, during a summit on Thursday in Phnom Penh, according to state media outlet AKP. ...
Igor Kossov
http://www.phnompenhpost.com/national/chair-asean-audit-board-goes-kingdom
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
JCBI expands reach in deal with campu bank
Japan-based JCB International (JCBI), a global payment brand and a leading credit card issuer and acquirer, has reached an agreement with Cambodia Public (Campu) Bank to expand the reach of its JCB cards in Cambodia. ...
May Kunmakara
http://www.khmertimeskh.com/news/17496/jcbi-expands-reach-in-deal-with-campu-bank/
PPSEZ sweetens its IPO plan
The book-build and upcoming listing of the capital’s port operator has taken some of the wind out of the sails of the IPO plans Phnom Penh Special Economic Zone (PPSEZ), but the industrial park operator has charted a new course and sweetened its dividend policy ...
Cam McGrath
http://www.phnompenhpost.com/business/ppsez-sweetens-its-ipo-plan
Major surge in micro lending, association says
Lending by microfinance institutions (MFIs) rose about 50 percent at an annualized rate during the first nine months of the year, according to the Cambodia Microfinance Association, which said the surge was sparked by economic stability and an increase in demand from clients wanting to ...
Sok Chan
http://www.khmertimeskh.com/news/17497/major-surge-in-micro-lending--association-says/
Hungarian commercial office to open in capital
Hungarian businesses are keeping their eyes on Cambodia for investment, said László Kövér, speaker of the National Assembly of Hungary, during an official visit to the Kingdom. ...
Ven Rathavong
http://www.khmertimeskh.com/news/17449//
Phone retailers ordered to pay tax on inventories
Following raids on phone shops selling grey-market devices last week, the government is giving retailers a two-week window to declare their stock of mobile phone handsets and pay the relevant taxes or face hefty fines.Many of the capital’s vendors have already received a notice from ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/phone-retailers-ordered-pay-tax-inventories
Cambodian Public Bank accepts JCB Cards
Cambodian Public Bank Plc. (Campu Bank), a leading commercial bank in the Kingdom of Cambodia (“Cambodia”), and JCB International Co., Ltd. (JCBI), the international operating subsidiary of JCB Co., Ltd., today announced that Campu Bank has launched JCB merchant acquiring service to accept JCB cards ...
Benzinga News Staff
http://www.benzinga.com/pressreleases/15/11/a5959372/cambodian-public-bank-accepts-jcb-cards
Water Festival cancellation brings drought for capital’s vendors
The abrupt cancellation of this year’s Water Festival has had an economic fallout on small businesses that see the annual event as a windfall for their marketing and sales efforts, and had already invested in promotional materials.The cancellation marks the fourth time in five years ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/water-festival-cancellation-brings-drought-capitals-vendors
Kingdom boasts less time to file trademark
While still relatively small, the number of trademark applications has grown in Cambodia and the country’s low volume means that the Kingdom boasts among the fastest times in Southeast Asia for registering a trademark, a government adviser told a business workshop yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/kingdom-boasts-less-time-file-trademark
Yaunta eyes new role to jump start moribund market
Yaunta Securities, a leading underwriter in the Cambodia’s slow moving stock market, is in talks with regulators and the Cambodia Securities Exchanges (CSX) to assume the role of market maker to provide more liquidity in the market, a senior executive at Yaunta told Khmer ...
May Kunmakara
http://www.khmertimeskh.com/news/17404/yaunta-eyes-new-role-to-jump-start-moribund-market/
Central bank moves to spark Interbank lending
The National Bank of Cambodia has decreased the minimum value of negotiable certificates of deposit (NCDs) in a bid to promote interbank lending in the Kingdom’s crowded financial industry. ...
May Kunmakara
http://www.khmertimeskh.com/news/17371/central-bank-moves-to-spark-interbank-lending/
Prince Finance launches in Cambodia
After receiving a licence from the National Bank of Cambodia in August, the microfinance institution Prince Finance has started its business to cater to the financial needs of local and foreign customers. Post Plus sat down with Hon Sorachana, the board director of the Prince ...
Post Staff
http://www.phnompenhpost.com/business/prince-finance-launches-cambodia
Chinese auto group plans factory here
Guangzhou Automobile Group it awaiting approval from the Cambodian government to set up a manufacturing facility in Cambodia that could be a springboard for exports to ASEAN, a senior executive of the group told Cambodian journalists visiting the province last week. ...
Sok Chan
http://www.khmertimeskh.com/news/17372/chinese-auto-group-plans-factory-here/
Cambodia pins economic hopes on AEC
Cambodians are expecting a ‘seamless transition’ when the ASEAN Economic Community (AEC) is launched in two months and hopefully heralds a second investment wave, capable of transforming this country’s pool of unskilled labor into a manufacturing hub. ...
Luke Hunt
http://www.voanews.com/content/cambodia-pins-economic-hopes-on-aec/3031723.html
Ministry forecasts surge in jobs at Sihanoukville SEZ
The number of workers at the Sihanoukville Special Economic Zone (SSEZ) is expected to increase from 30,000 now to 200,000 in the next few years as the port city becomes a manufacturing hub for the Kingdom, a senior official with the Commerce Ministry said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/17282/ministry-forecasts-surge-in-jobs-at-sihanoukville-sez/
Automation key to customs efficiency
Private-sector enterprises urged Cambodia’s Customs Department yesterday to introduce an online application and payment system for shipments, rather than the manual method used currently that eats into time and resources. ...
Sor Chandara
http://www.phnompenhpost.com/business/automation-key-customs-efficiency
World Bank says Cambodia's business environment improves
The World Bank said Wednesday that Cambodia has continued to improve its business environment over the past year. Among 189 economies, it is now ranked at 127. ...
ShanghaiDaily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=307132
Telekom M'sia forms alliance with Cambodian Internet service provider
Telekom Malaysia Bhd (TM) is strengthening its regional footprint in South-East Asia by teaming up with MekongNet, a leading Internet service provider and Internet exchange provider in Cambodia. ...
The Star Online News Staff
http://www.thestar.com.my/Business/Business-News/2015/10/28/Telekom-Malaysia-forms-alliance-with-Cambodian-Internet-service-provider/?style=biz
Commerce minister seeks more ideas on rice export
Cambodian Commerce Minister Sun Chanthol says the country’s rice has a branding problem. With better branding, he told a group of officials at a roundtable recently, more rice would sell. ...
Sok Khemara
http://www.voacambodia.com/content/commerce-minister-seeks-more-ideas-on-rice-export/3026417.html
PM pitches ASEAN access to French investors
Prime Minister Hun Sen on Monday called for more investment from France, telling business leaders in Paris that they could access the entire region when the ASEAN Economic Community (AEC) kicks off at the end of the year. ...
May Kunmakara
http://www.khmertimeskh.com/news/17217/pm-pitches-asean-access-to-french-investors/
Minister details online business registration plans to parliament
Commerce Minister Sun Chanthol told parliament Monday of plans to overhaul the current system of registering a business in Cambodia, an often slow and corrupt process, by moving the entire system online, where registration will open on December 7. ...
Kang Sothear
https://www.cambodiadaily.com/news/minister-details-online-business-registration-plans-to-parliament-98389/
Acleda’s third quarter profit sits at $27.06M
Cambodia’s largest bank Acleda Bank yesterday announced its third quarter results for 2015, reporting $27.06 million in profit for the quarter, up almost 50 per cent as compared to the same period last year. ...
Post Staff
http://www.phnompenhpost.com/business/acledas-third-quarter-profit-sits-2706m