February saw a number of high-level collaborative events between businesses and organisations in the Kingdom, alongside some significant adjustments to projections for Cambodia’s economic growth in 2023 by international institutions following regional changes, such as the lifting of China’s COVID restrictions.
Also included is our ‘in the spotlight’ section. This months edition focuses on leading law firm RHTLaw Cambodia, who deliver a wide range of services for businesses, investors and professionals across multiple sectors. Find out more about RHTLaw inside!
This months business newsletter includes coverage of the aforementioned, as well as the latest business and investment news from Cambodia and more. View or download now using the link below the picture on the left. Articles featured:
Cambodia: A beacon of hope in SEA?
Amid the predictions by major global institutions about a slowdown across developed economies and the impact on developing nations, ASEAN countries like Cambodia remain a beacon of hope in 2023, according to a number of international institutions.
Developing human capital seen as a priority for the government
His Excellency, Dr. Ith Samheng said the development of human resources is key to organizational growth, and the government prioritizes it as a top agenda in Cambodia’s development.
“Improving human resources creates more decent job opportunities, promotes the dignity of the people, and develops their capacities and skills.”
IndoCham x SBIF collaborative business networking reception event coverage
The Indonesian Chamber of Commerce (IndoCham) and the Singaporean Business Investment Forum (SBIF) co-hosted an inaugural Business Networking Reception to provide an update on reciprocal visits from Indonesia and the formal introduction of the SBIF and its goals.
The by-invitation only event, which was organised by in-market business consultancy AquariiBD with the support of Khmer Enterprise, also recapped the business outcomes and successes from the AquariiBD delegation visit and seminar held in Indonesia last year, as well as plans for more collaborative events and opportunities to promote Cambodia on an internal scale in 2023.
CDC approves $60 million in new projects
The Council for the Development of Cambodia (CDC) on February 7 announced that it had approved final registration certificates for nine textile-related investment projects, one in office supplies and another in furniture.
The CDC – the government’s highest decision-making body for large-scale investments – indicated in a notice that the 11 ventures have total registered capital of nearly $60 million and plans to generate 12,710 new jobs in all.
There are also many more article inside covering the latest from the business and investment sphere in Cambodia. If you want more in-market information or business consultancy services contact us today.