Soma (Khmer:) or Neang Neak (Khmer) was commonly regarded as Cambodia’s first monarch (reigned c. 1st century). She was also Cambodia’s first female leader. She was the spouse of Kaundinya I (also known “Preah Thong”). In Khmer history, Queen Soma and her husband, King Kaundinya I, are known as “Preah Thong (Kaundinya) and Neang Neak…
By 2050, nearly four out of every ten Cambodians would live in an urban area. Over the next 35 years, the country is predicted to urbanise at a rate of 2.5 % annually, with the capital Phnom Penh moving ahead. The capital of Cambodia, Phnom Penh, was founded in the 14th century. After the abandonment…
According to ACLEDA Bank Plc. the Japan International Cooperation Agency (JICA) and Sumitomo Mitsui Banking Corp’s (SMBC) Singapore Branch signed a $135 million facility agreement with ACLEDA Bank Plc on May 27 to channel more loans towards agricultural. In Channy, president and group managing director of ACLEDA Bank, said the two Japanese institutions’ long-term finance scheme would…
Tips To Target Rural Customers: E- Commerce, Cambodia Rural shoppers are unfamiliar with shopping without touch and feel, hence the first step for Entrepreneurs interested in tapping into rural E-Commerce is to customize applications with local content. Because 90% of the population does not understand English. Developing content in Khmer across many contact points, such as…
eCommerce, of course, does not require an introduction in today’s world. The rise of online shopping has reshaped retail economics, indicating that wholesale will shift as well. The eCommerce industry’s backbone is innovation, which aims to disrupt every offline vertical by introducing a digital model. With the introduction of eCommerce models, the dependence on stores…
The factors that have contributed to Cambodia’s economic progress are “Peace, Education, Technology, and the Entrepreneurialspirit of Cambodian people.” Cambodia has big, medium and small entrepreneurs, varying from street-side vendors, family-owned coffee shops, restaurants, general stores, etc to the large textiles industries, tourism, and construction. Every street seemed to be bustling with small businesses. Today’s young employees begin their careers to…
On October 15, 2021, Cambodia promulgated the Law on Investment (LoI) to create an open, transparent, and predictable legal framework to attract and encourage quality, effective, and efficient investments in Cambodia by Cambodians and foreigners. The Law on Investment (LoI) applies to “Qualified Investment Projects” (QIPs), “Expanded Qualified Investment Projects” (EQIPs), and “Guaranteed Investment Projects” (GIPs) registered with the…