Cambodia sees slowdown in new business numbers in 9 months

1 November 2013
Global Times
Economic policy and administration / Economy and commerce / Foreign investors / Industries / Investment / Tourism
Kong Putheara / Ministry of Commerce

The Cambodian Ministry of Commerce said Friday that it had granted operating licenses to 2, 223 new companies in the first nine months of 2013, down 14.6 percent compared with 2,606 new firms over the same period last year. From January to September this year, the Ministry had registered 1,118 foreigner-owned firms, down 9 percent year-on- year, and 1,105 Cambodian-possessed companies, down 20 percent. Foreign firms are mostly run by Chinese, South Koreans, Japanese, Malaysian and Vietnamese and doing businesses in garment and textile, footwear, agriculture, agro-industry, tourism and construction. …

 Global Times News Staff
http://www.globaltimes.cn/content/821915.shtml#.UnZHp_lgd8E