606 New Companies Opened in Cambodia in Q1, Down 33 pct

Cambodia had granted operating licenses to 606 new companies in the first quarter of this year, a 33 percent decrease compared with the 904 firms at the same period last year, the Commerce Ministry’s report showed Tuesday. … Yim Rom, an official at the ministry’s statistics and planning department, said the drop in new business registration was due to the ministry’s restrictions on registration procedures by thoroughly examining proposed companies’ business plans in order to ensure fair competition and to avoid duplicated trademarks. … In the whole year of 2012, Cambodia granted operating licenses to 3,385 new firms, a 9 percent rise year-on-year, the commerce report said.