News

Investment law change-up

Following the announcement of recent reforms to Cambodia’s customs department and Commerce Ministry, a revision of the country’s investment law is planned for next year, according to the secretary-general of the Council for the Development of Cambodia (CDC). Speaking to reporters at a workshop at the ...

Hor Kimsay
http://www.phnompenhpost.com/business/investment-law-change

Tax reform looms large for new government

Cambodia’s General Department of Taxation has laid out a series of reforms it says are needed as the 2015 deadline looms for the Asean Economic Community, a single market for trade and development. Strengthening tax collection to increase revenue while nurturing an attractive investment climate is ...

Daniel de Carteret
http://www.phnompenhpost.com/business/tax-reform-looms-large-new-government

Mum’s the word at yearly brand forum

Cambodia’s biggest international garment brands met yesterday to discuss wage issues, strikes and worker conditions, among other of the industry’s most pressing topics. But in a year marked by a fatal building collapse at the Wing Star Shoes factory in Kampong Speu, mass demonstrations, and bankruptcies ...

Sean Teehan
http://www.phnompenhpost.com/national/mum%E2%80%99s-word-yearly-brand-forum

Sathapana borrows $15m for micro loans

Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

http://www.phnompenhpost.com/business/sathapana-borrows-15m-micro-loans

Hotels told to use own power

State-owned energy supplier Electricite du Cambodge (EDC) has sent letters to some of Phnom Penh’s four- and five-star hotels, asking that they switch to generators between 8am and 9pm this month — a move hotel-industry experts say would have a significant economic impact. In a letter ...

http://www.phnompenhpost.com/2013040264826/Business/hotels-told-to-use-own-power.html

Top Hotels Fully Booked Ahead of East Asia, Asean Summits

Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East Asia and Asean summits, hoteliers said yesterday. “We are completely full during the ...

http://www.cambodiadaily.com

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