IAO Asia

🇰🇭 Cambodia Tops Emerging Markets for Investment in 2024!

Top 10 emerging markets according to their FDI momentum in 2024. This ranking comes from fDi Intelligence and was published in December 2023according to their FDI momentum in 2024.

Asia features six countries on the list, with Cambodia expected to carry the strongest investment momentum this year.

With a GDP growth forecasted at 6.1% in 2024, up from 5.6% in 2023, the IMF expects Cambodia to be the fastest-growing economy in Southeast Asia. The country has strengthened its trade relationships with China, South Korea, and the EU.

Meanwhile, the IMF expects the Philippines, in second place, increase GDP growth from 5.3% to 5.9% in 2024. Both public and private investment have played a key role in reinforcing its growth, bolstered by the opening of the renewable energy sector to foreign investors.



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Nearly 700 trusts registered with $1.22 billion - Khmer Times The number of trusts registered in Cambodia has increased significantly showing that the relatively new trust segment is growing in popularity among foreign investors.

Link for disaster relief assistance for Maui. Malama i ka pono.

https://hsba.informz.net/informzdataservice/onlineversion/ind/bWFpbGluZ2luc3RhbmNlaWQ9OTA0MzExNCZzdWJzY3JpYmVyaWQ9ODI5OTcxNzg2?fbclid=IwAR3eiU1pT1hXDf_pPqrVNQKWmG48osxiSHX1G66zV0pQBvT4_r6e9hjbzJk

Kokua for Maui Aloha! Please join your fellow HSBA members as we kokua our neighbors on the Valley Isle. We are looking to collect non-perishable food items, bottled water, blankets, pillows, towels, toiletries, hygiene items, new or gently used clothing in all sizes, baby necessities, and other essentials to dona...

NBC to increase reserve requirements in foreign currency to 12.5% - Khmer Times The National Bank of Cambodia (NBC) will increase the reserve requirements in foreign currency, especially US dollars of banks and financial institutions in the country to 12.5 percent in 2024 after this monetary policy instrument has been raised to nine percent since January 1, 2023 from seven perc...

SERC sets regulations for collective schemes on CSX - Khmer Times The Securities and Exchange Regulator of Cambodia (SERC) of the Council of Non-Bank Financial Services Authority (FSA) has prepared another set of directives for eligibility to collective investment schemes to be listed on the country’s stock exchange, said a top official of SERC.

There have been a number of important changes to Cambodia's M&A regulations this year. To keep up-to-date please find IAO Asia's Guide to Cambodia M&A 2023 at the below link:

www.linkedin.com

Siem Reap-Angkor International Airport to officially open in October 2023 - Khmer Times Cambodia's new international airport in Siem Reap cultural province will be ready for official inauguration in October 2023.

IAO Asia wishes all of our friends a happy Khmer New Year, Songkran, Thingyan!

In observance of the holiday, IAO Asia offices will be closed 13-17 April 2023. We will resume normal office hours on Tuesday 18 April.

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/03/26/cambodia-govt-says-that-prices-must-be-displayed-on-all-goods-services-from-monday-march-27-onwards

Cambodia govt says that prices must be displayed on all goods, services from Monday (March 27) onwards On the recommendation of Prime Minister Hun Sen, the Ministry of Commerce has notified all departments of commerce in the capital and provinces that prices must be affixed to all goods throughout the Kingdom from Monday (March 27).

Thanks to Chambers and Partners for their continuing recognition of our MD Joseph Lovell as a leading international legal expert.

Varabott Ho, IAO Asia Senior Advisor, is a candidate for AmCham Board of Governors. AmCham member friends, we appreciate your consideration of Varabott’s candidacy.

Officials fine 2,416 foreign workers having no work permit in first 10 months of 2022 Minister of Interior Sar Kheng on October 21 led a meeting to discuss the issue of foreign labour at the Ministry of Interior. In the first 10 months of 2022, police had inspected the accommodations of 30,834 foreign workers and had fined 2,416 foreigners for having no work permits.

Cambodia’s General Department of Taxation implements its own dollar to riel exchange rate - Cambodia Investment Review The General Department Of Taxation (GDT) has begun implementing its own US dollar to Khmer riel market exchange rate requiring all registered businesses to use the new above market rate for taxation purposes.

Cambodian Companies Now Required to Use National Domain Name ⋆ Cambodia News English Registered companies in Cambodia are now required to use a local domain name such as .com.kh for their websites and

Immigration Department plans to ‘strictly investigate’ foreigners whose visas and passports have expired - Khmer Times Immigration Department plans to 'strictly investigate' foreigners whose visas and passports have expired

Robust securities market attracting more investors The securities sector has been established under the wise leadership of Samdech Akka Moha Sena Padei Techo Prime Minister Hun Sen.

Ministry of Health issues instructions on how to receive COVID certificate and cards – and say that certificates issued by private companies are invalid - Khmer Times The Ministry states that the only way to receive valid COVID-19 certificates or cards is to apply via its online portal

ADB sets GDP growth at 5.3% Gains in exports and increased foreign direct investment (FDI) are expected to drive gross domestic product (GDP) growth by 5.3 per cent this year and expand to 6.5 per cent in 2023, based on Asian Development Bank’s (ADB) latest prediction.

Welcome to the new IAO Asia office in CFI Tower, 342 Monivong Blvd, BKK 1, Phnom Penh

Foreign companies reminded to register for VAT before April 1 The General Department of Taxation (GDT) has issued a reminder for foreign companies supplying digital goods, services or any e-commerce activity in Cambodia to fulfil the obligation for Simplified VAT Registration before the April 1 deadline or stand to face fines.

Public-Private Partnerships: The modern face of public investment in Cambodia - Khmer Times Public-Private Partnerships (PPP) are becoming increasingly common in the world of business, particularly in less-developed nations where financial constraints and infrastructural needs are more prevalent.

Explainer: Retiring in Cambodia - Cambodia Investment Review Cambodia regularly ranks as one of the best places in not only Asia, but in the world to retire to. What is it though that makes Cambodia such a desirable location and how do you go about investing in your retirement needs?

IAO Asia is proud to have assisted international banks and DFIs with significant support to Cambodia’s financial sector by advising on key liquidity loans to local banks, MFIs, and micro-lenders.

Financial institutions remain significant source of capital for improving people's livelihoods: Association - Cambodia Investment Review Cambodia's banking and microfinance sector is continuing to strengthen economic growth and reduce poverty in Cambodia, according to leading figures in the sector.

Congratulations to our friends Angkor International Airport Investors on the progress of this important project. IAO Asia advised China Development Bank on the financing and has been involved also in other aspects of the new airport’s development.

Construction of Siem Reap-Angkor International Airport to be 70 percent completed by 2022 - Khmer Times The construction of Siem Reap-Angkor International Airport is estimated to achieve 70 percent by the close of this year.

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MEF and NBC play vital role in country’s economic management - Khmer Times The Ministry of Economy and Finance (MEF) and the National Bank of Cambodia (NBC) are playing a vital role in the country’s economic management especially in ensuring macroeconomic and financial stability as well as financial system soundness.