World Bank Cambodia will continue to provide regular updates on business performance despite its annual ‘Ease of doing business’ report ceasing following an external investigation of apparent “data irregularities” in the rankings.
The new Indonesian Chamber of Commerce in Cambodia (IndoCham) will operate under the country’s national phrase Bhinneka Tunggal Ika "Unity in Diversity" (one is more) according to President Dalton Wong who launched the new business chamber on Friday.
Asian Development Bank has forecast 5.5% growth in 2022 after downgrading this year’s forecast to 1.9% - down from 4.0% in its April outlook. Inflation was forecast to remain relatively stable this year at 2.9%.
The Ministry of Commerce has announced new company naming rules now allowing the use of “Holding” or “Group” in the last of a company’s name for corporations with at least three majority-owned subsidiaries.
Cambodia’s Foreign Minister (FM) has lead a delegation to South Korea to discuss bilateral cooperation as the formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA) should be inked by end of October, according to the ambassador.