Cambodia Investment Review

DFDL Cambodia: Deadline Extension for Submission of 2023 Audited Annual Financial Statements for Enterprises & Non-Profits with the ACAR Key Points: 📅 Extended Deadline: Submit 2023 audited financial statements by August 20, 2024, through the ACAR E-Filing System. 📝 Extension Requests: Submit a letter requesting an extension by July 30, 2024, with a public service fee of KHR 200,000. 📧 Contact Information: For queries, contact Michelle Cielo ([email protected]) or Vattanakpagna Chhun ([email protected]). https://cambodiainvestmentreview.com/2024/07/11/dfdl-cambodia-deadline-extension-for-submission-of-2023-audited-annual-financial-statements-for-enterprises-non-profits-with-the-acar/

EuroCham’s 2024 Skills Gap Assessment Highlights Critical Workforce Needs in Cambodia Key Points: • Critical Skills Gaps: Cambodia’s key sectors face significant skills shortages, particularly in leadership, quality control, and project management. • Hiring Challenges: 74% of companies struggle to find qualified employees, highlighting the need for targeted training programs. • Investment in Training: Companies show willingness to invest in employee development, with a preference for in-person and in-company training methods. https://cambodiainvestmentreview.com/2024/07/11/eurochams-2024-skills-gap-assessment-highlights-critical-workforce-needs-in-cambodia/

Aquarii BD Cambodia Highlights Key Economic and Trade Developments in June 2024 Issue Key Points: 📈 Cambodia’s economy projected to grow by up to 6.2% in 2024 despite local challenges like a sluggish property market and rising NPLs. 🌊 Funan Techo Canal to boost trade, reduce costs, spur industrial growth, and create jobs, linking Phnom Penh with the Gulf of Thailand. 🤝 Strengthened Cambodia-Singapore ties with the launch of the Financial Transparency Corridor to enhance trade and financial services. 💼 New QIP tax… https://cambodiainvestmentreview.com/2024/07/11/aquarii-bd-cambodia-highlights-key-economic-and-trade-developments-in-june-2024-issue/

Vattanac Bank Officially Open Krong Bavet-Sangkat Bavet Branch in Svay Rieng Province To Serve Customer Better Key Points: 🚀 Branch Expansion: Vattanac Bank opens its 40th branch in Krong Bavet, enhancing customer service and introducing new digital banking innovations. 🌟 Economic Potential: Svay Rieng Province’s economic potential highlighted, with Bavet recognized as a key trade and industrial hub. 💼 Comprehensive Services: The new branch offers a full range of banking services, including loans, fund transfers, and digital banking solutions. https://cambodiainvestmentreview.com/2024/07/11/vattanac-bank-officially-open-krong-bavet-sangkat-bavet-branch-in-svay-rieng-province-to-serve-customer-better/

Opinion: Green, Social, and Sustainability Bonds in Cambodia: Status and Prospects in Q1 2024 Key Points: 🌍 Government Commitment: Cambodia is committed to climate goals under the Paris Agreement, pushing for Green Bonds to fund eco-friendly projects. 📈 Market Growth: The recent issuance of Green and Sustainability Bonds by local companies highlights a growing interest. 🎓 University Role: Universities play a crucial role in research, training, and promoting awareness for sustainable finance. https://cambodiainvestmentreview.com/2024/07/11/opinion-green-social-and-sustainability-bonds-in-cambodia-status-and-prospects-in-q1-2024/

IBC Industry Review Highlights 8 Key Sector Reviews and Future Prospects for H2 2024 (Part 1) Key Points: 💰 Banking Sector: Manu Rajan, CEO of Wing, highlights high NPL ratios but sees growth in purpose-led lending and ESG disclosure. 💻 Technology Sector: Wilfrid Dutruel, COO of Chaktomuk Data Center, notes delays but emphasizes potential in cloud services and cybersecurity. 📚 Education Sector: Trevor Sworn, Director of Enduring Consultancy, discusses growth driven by young population and investment, despite regulatory challenges. ✈️ Tourism Sector: Cyril Girot, CEO of… https://cambodiainvestmentreview.com/2024/07/11/ibc-industry-review-highlights-8-key-sector-reviews-and-future-prospects-for-h2-2024-part-1/

Pernod Ricard Cambodge Engages In Circular Making Activities And Awareness Raising As Part Of Pernod Ricard’s 12th Responsib’all Day Key Points: 🌍 Global Initiative: Over 20,000 Pernod Ricard employees worldwide participate in Responsib’all Day to drive the Group’s sustainability goals. ♻️ Circular Making in Cambodia: The 12th Responsib’all Day in Cambodia focused on the 5Rs principles (Rethink, Reduce, Reuse, Recycle, Respect) to promote environmental protection. 💧 Broader Commitment: Pernod Ricard supports sustainable development through responsible drinking workshops, awareness programs, and community initiatives. https://cambodiainvestmentreview.com/2024/07/10/pernod-ricard-cambodge-engages-in-circular-making-activities-and-awareness-raising-as-part-of-pernod-ricards-12th-responsiball-day/

IBC to Host Supply Chain Networking Night at Hotel KVL on Thursday 11th of July Key Points: 📅 IBC Event: IBC’s Supply Chain Networking Night on July 11 at Hotel KVL, fostering industry connections. Register here. 🤝 Networking Opportunities: Industry professionals will network over free-flow drinks, canapés, door prizes, and lucky draws. 💼 Participation & Sponsorship: $25 for IBC members, $35 for non-members. Sponsorship packages start at $700. https://cambodiainvestmentreview.com/2024/07/10/ibc-to-host-supply-chain-networking-night-at-hotel-kvl-on-thursday-11th-of-july/

Confluences Cambodian Consumer Trends in 2024: Optimism Amid Global Challenges Key Points: 💵 Spending Priorities: Cambodians prioritize paying off debt, with major purchases focused on vehicles, electronics, and real estate. 📊 Economic Confidence: Over 60% of consumers are optimistic about the economy, driven by substantial foreign investment and GDP growth. 💡 Financial Literacy: Emphasis on financial literacy to manage increasing debt and support economic stability. https://cambodiainvestmentreview.com/2024/07/10/confluences-cambodian-consumer-trends-in-2024-optimism-amid-global-challenges/

Samra Seaplane Streamlines Ownership to Fuel Focused Launch Key Points: 🛩️ Streamlined Ownership: Samra Seaplane, now solely led by Seaplane Asia Limited, aims for a focused and agile launch, optimizing decision-making and resource allocation. 🌐 Strategic Partnerships: The company has signed MoUs with 11 luxury resorts and hotels across Cambodia, including Rosewood Phnom Penh and Song Saa Private Island. 📜 Regulatory Focus: Close collaboration with Cambodian authorities to finalize the licensing process, ensuring the highest safety and security… https://cambodiainvestmentreview.com/2024/07/10/samra-seaplane-streamlines-ownership-to-fuel-focused-launch/