Malaysian credit rating agency RAM reaffirmed Cambodia’s poor ratings on the global and Asean scales, pointing to the country’s poor business environment and weak institutional capacity. The ratings – ‘gB1(pi)/stable/gNP(pi)’ on the global scale and ‘seaBB3(pi)/stable/seaNP(pi)’ on the Asean scale – mean the country is facing a lack of development, coupled with a poor business […]
Read MoreThe draft of the new Law on the Chamber of Commerce is again being reviewed by the Cambodia Chamber of Commerce (CCC). Once the proposed changes to the draft are completed, the law will be sent to the Council of Ministers for further discussion and approval, a CCC official said. Lim Heng, CCC’s vice-president, said […]
Read MoreThe Ministry of Commerce has extended the deadline to register online for companies already registered under the previous, paper-based system, with businesses now having until December to complete the registration process online. The ministry launched its new business online registration system in December 2015 in a bid to improve the efficiency and transparency of setting […]
Read MoreA system to authenticate electronic documents for individuals and businesses that was approved by Prime Minister Hun Sen in a sub-decree late last year will take at least another year before it is fully implemented. An event held yesterday at the Ministry of Posts and Telecommunications outlined the basic concept of what the country’s digital […]
Read MoreAn interministerial task force has been established to ease simmering tensions between Cambodian and Chinese business owners in the coastal resort town of Sihanoukville, the latest sign that a huge influx of Chinese investment is causing problems on Cambodia’s coast. The group was created last Wednesday, the same day that Preah Sihanouk Provincial Governor Yun […]
Read MoreAmid worries that the ever-increasing number of foreign companies, particularly Chinese, in Sihanoukville’s hospitality sector may be taking business away from locals, authorities in the seaside province have agreed to create a joint-working group to enforce current legislation and guide the drafting of new one. The meteoric rise of tourist arrivals to the coastal areas […]
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Thailand
