Another Wing e-Payment Deal Sealed

5 July 2016

Business registration fees and payments for certificates of origin, used in international trade, can now be made electronically through Wing specialized bank’s agents nationwide after it entered into an agreement with the Ministry of Commerce yesterday.

Source:

http://www.khmertimeskh.com/news/26837/another-wing-e-payment-deal-sealed/

Cambodia's economic status raised to lower-middle income

5 July 2016

The World Bank has officially revised the status of Cambodia’s economy, moving it up a rung from the low-income bracket into lower-middle income territory – a reclassification that economists expect will lead to a scale-back of foreign aid and preferential trade access over the coming years.

Source:

http://www.phnompenhpost.com/business/cambodias-economic-status-raised-lower-middle-income

K Mile Air launches air freight service

5 July 2016

Thai airline K Mile Air launched cargo flights between Bangkok and Phnom Penh yesterday, adding to Cambodia’s growing network of air freight connections. The Bangkok-based cargo airline will use a Boeing 747-400 with a cargo capacity of 15 tons to fly between the two capitals five days a week.

Source:

http://www.phnompenhpost.com/business/k-mile-air-launches-air-freight-service

UK Small Lenders Struggle in Brexit

4 July 2016

Facing the prospect of their first UK recession, Britain's small specialist lenders could struggle to cope with a downturn, especially in the small and medium-sized business sector that is their lifeblood. The promises of the so-called challenger banks, many just a few years old, to improve customer choice and challenge the dominance of big High Street lenders are looking shaky after Britain voted to leave the European Union.

Source:

http://www.khmertimeskh.com/news/26779/uk-small-lenders-struggle-in-brexit/

Another setback for online company registration goal

4 July 2016

The Ministry of Commerce has extended the deadline for companies to register online after yet another poor response to its automated online business-registration system. Various reasons have been given for the private sector’s slow adoption of the new online business registration system, including its deceptive complexity and slow responses.

Source:

http://www.phnompenhpost.com/business/another-setback-online-company-registration-goal

Cambodia Rice Federation’s Achievement Review and Planning

04 July 2016

Cambodia Rice Federation organized a gathering with all its members at Hotel Sofitel Phnom Penh Phokeethra on Saturday to review its past term’s achievements and plan for the next. The vision is supplying most quality rice with competitive price to international markets and also boosts the standard and volume of rice production in the country.

Source:

http://www.akp.gov.kh/?p=83224

Officials bid to increase South Korean investment

30 June 2016

A delegation of Cambodian investment officials and prominent private sector businessmen held a seminar in Seoul, South Korea, yesterday in an effort to drum up more Korean investment in Cambodia’s growing agro-industrial sector. South Korea ranks second after China in terms of total FDI in Cambodia, with significant investments in the Kingdom’s property, banking and agricultural sectors.

Source:

http://www.phnompenhpost.com/business/officials-bid-increase-south-korean-investment