News
Last Year Saw More New Firms Register
Almost 3,400 new businesses were registered in Cambodia in 2012, an increase of 9 percent on the previous year, according to figures from the Ministry of Commerce. In 2012, the ministry’s business registration department recorded some 3,385 new companies, compared with 3,104 new companies in 2011, ...
Vietnam investment in Cambodia hits US$2.5 bil
Vietnamese enterprises so far have invested in 124 projects in Cambodia with total registered capital of some US$2.5 billion, four times higher than the figure in 2009. As such, Vietnam is now among the top five investors in Cambodia, said the Association of Vietnamese Investors in ...
http://english.vietnamnet.vn/fms/business/55818/vietnam-investment-in-cambodia-hits-us-2-5-bil.html
32 Land Concessions Approved Since Moratorium
Despite a moratorium on the granting of new economic land concessions (ELCs), the government has approved at least 32 ELCs since Prime Minister Hun Sen announced their suspension in May. According to sub-decrees dated from May onward and provided by local human rights group Adhoc, Mr. ...
http://www.cambodiadaily.com/news/32-land-concessions-approved-since-moratorium-5725/
Banks Look to Offer Services Using Renminbi
Banks here are trying to take advantage of a growth in Chinese investment by launching services that will allow payments from local banks to be made in China’s currency, the renminbi. Grant Knuckey, CEO of ANZ Royal Bank, said that because of a growing number of ...