News
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
Government collects $4.5B in revenue from tax, customs
A report from the General Department of Taxation (GDT) released on Wednesday showed that the department collected $2.183 billion in taxes, while Prime Minister Hun Sen on the same day announced that $2.384 billion in customs and excise duties was collected during the period. GDT ...
Thou Vireak
https://www.phnompenhpost.com/business/government-collects-45b-revenue-tax-customs
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/
Warehouse space shortage brought to light
The Cambodia Chamber of Commerce (CCC) recently noted that investors are facing difficulties finding warehouse space to rent at special economic zones in the country. CCC’s vice president Lim Heng told Khmer Times that the rapid rise of investment going into the country has left little warehouse space ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50621941/warehouse-space-shortage-brought-to-light/
Trade deficit grows once more
Cambodia’s trade deficit with the rest of the world continued to widen last year to $5.2 billion, as the Kingdom’s imports outstripped its exports once again, a National Bank of Cambodia (NBC) report released on Saturday said. The NBC figures revealed that the Kingdom imported $18.8 ...
Hor Kimsay
https://www.phnompenhpost.com/business/trade-deficit-grows-once-more
Kingdom sees 69 factories open
Cambodia’s garment industry saw 69 new factories open in the first nine months of this year. But 32 others closed during the period, said a Ministry of Industry and Handicraft report. Ministry spokesman Oum Sotha who voiced no concern over the possible removal of Cambodia ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/kingdom-sees-69-factories-open
Kingdom ranks second for FDI from VN
The Kingdom ranked second in the first half of the year for overseas Vietnamese investments, receiving about $32 million of the total $263 million outflow from the eastern neighbour. The Vietnamese General Statistics Office (GSO) said from January to June this year, that country’s businesses ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-ranks-second-fdi-vn
Industrial sector grows, but still reliant on garment factories
The government released a summary of the country’s industrial sector over the past five years, showing a marked increase in growth across a wide variety of indicators. The report, released by the Ministry of Industry and Handicrafts (MIH) last week, lacks specific data but shows a ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/industrial-sector-grows-still-reliant-garment-factories
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/
Inspection centre delayed
The opening of a quality-inspection centre for agricultural products in Kandal province, originally scheduled for the end of 2017, has been delayed, with authorities now saying it will open during the first months of 2018. ...
Chea Vannak
http://www.khmertimeskh.com/50100401/inspection-centre-delayed/
NBC’s currency museum to launch in January
The National Bank of Cambodia (NBC) will open a museum on finance and monetary matters in January 2018, a representative of the central bank has announced. ...
Sok Chan
http://www.khmertimeskh.com/5089178/nbcs-currency-museum-launch-january/
Kandal centre to monitor veggie quality
A centre to improve the standard and quality of agricultural products, especially vegetables, will be set up in Kandal province soon, the director of the provincial agriculture department said yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/5083526/kandal-centre-monitor-veggie-quality/
Cambodia, Bangladesh to strengthen trade
Cambodia and Bangladesh are seeking to strengthen cooperation on trade and enhance and expand trade and business partnerships via a deal which will be signed in October. ...
Chea Vannak
http://www.khmertimeskh.com/5083529/cambodia-bangladesh-strengthen-trade/
Russia-Cambodia body mooted
The Cambodia Chamber of Commerce (CCC) has suggested that Russia set up the Russia-Cambodia Investor Council to pave the way for the private sector in both countries to be engaged with each other. ...
May Kunmakara
http://www.khmertimeskh.com/5079877/russia-cambodia-body-mooted/
Lancang-Mekong expo kicks off in Phnom Penh
The Lancang-Mekong Cooperation’s economic and technology exhibition 2017 kicked off yesterday in Phnom Penh to enhance trade and investment between China and Cambodia, plus other Mekong countries. ...
Chea Vannak
http://www.khmertimeskh.com/news/40332/lancang-mekong-expo-kicks-off-in-phnom-penh/
South Korea eyes new investments
The Cambodia Chamber of Commerce and the Korea International Trade Association have announced a partnership to bring more South Korean investors to Cambodia. ...
Sum Manet
http://www.khmertimeskh.com/news/37317/south-korea-eyes-new-investments/
Kingdom pursuing tax treaty with South Korea
South Korea is pushing forward with discussions to hammer out a double taxation agreement (DTA) with the Kingdom that would provide an additional incentive for Korean businesses to set up shop and increase fiscal transparency while shielding individuals and corporations from being taxed twice. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-pursuing-tax-treaty-south-korea
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/
Commercial centres to open in Chinese cities
Cambodia will establish commercial centres in three major Chinese cities to provide information and support to Chinese traders and investors looking to do business in the Cambodian market, a Commerce Ministry official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/commercial-centres-open-chinese-cities
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/
Malaysia and Cambodia sign trade MOU
A Memorandum of Understanding (MoU) has been signed between Matrade and the Cambodia Chamber of Commerce, said Malaysian International Trade and Industry minister Datuk Seri Mustapa Mohamed. ...
Victoria Brown
http://www.thestar.com.my/news/nation/2016/08/09/malaysia-cambodia-trade-mou/
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/
Learn DTAs, says Kith Meng
A sound understanding of double taxation avoidance agreements (DTAs) between Cambodia and other countries is crucial to lower barriers to promote cross-border investments and boost trade and economic flows between the Kingdom and its partner countries, said the president of the Cambodia Chamber of Commerce ...
May Kunmakara
http://www.khmertimeskh.com/news/26323/learn-dtas--says-kith-meng/
Royal Group head Kith Meng urges tax rate revision
Private sector representatives argued yesterday that Cambodia’s outdated taxation laws do not accurately reflect the Kingdom’s current business climate, urging the General Department of Taxation (GDT) to revise the legal framework to promote private sector growth. ...
Hor Kimsay
http://www.phnompenhpost.com/business/royal-group-head-kith-meng-urges-tax-rate-revision