Phnom Penh (VNA) ꦆ- Cambodia is among the countries that have improved their business environment, according to the World Bank’s latest report.
Cambodia ranks at 131 out of 190 economies, the Cambodian news agency (AKP) cited the World Bank’s Doing Business 2017: Equal Opportunity for All, released on October 26.
When compared with leading economies, Cambodia has narrowed the gap with best practices, as reflected in the increase in the distance to frontier score from 54.54 to 54.79 over the past year.
The report found that over two-thirds of the region’s 25 economies implemented 45 reforms in the past year to make it easier to do business, compared to 28 reforms in the previous year.
More specifically, it added, in Cambodia, the credit bureau started to provide credit scores to banks and financial institutions, improving access to credit information. This makes it more likely for small business in Cambodia with a good financial history to get credit. Moving forward, the country needs to make starting a business easier and quicker by reducing the time to register – and not requiring evidence of capital deposit after registration.
Cambodia has been making progress in promoting a better business environment, said Inguna Dobraja, World Bank Country Manager for Cambodia.
“The reforms that Cambodia has been pursuing are helping to create a vibrant economy, which will boost prospects for many Cambodians and lift them out of poverty,” Dobraja was quoted by AKP as saying.-VNA
The World Bank (WB) said in a recently released economic update that Cambodia's GDP growth is projected to reach 7 percent in 2013 despite a challenging global economic environment.
Cambodia welcomed 2.2 million foreign visitors in the first six months of 2014, up 5.2 percent over the same period last year, according to statistics from the Cambodian Tourism Ministry.
Cambodia’s Rasmei Kampuchea Daily on December 23 devoted its front page to the State visit by Vietnamese State President Truong Tan Sang, saying the visit was welcomed by Cambodian people and caught public interests.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Illustrative image (Source: goodluckcambodia.com)
