Dear Members, Partners, and Friends of EuroCham,
We successfully concluded the Real Estate and Construction Forum: Future Cities on May 23 with the launch of the Real Estate & Construction chapter of the 2023 White Book, which included recommendations from the private sector aimed at improving the business environment and assisting Cambodia's economic growth. This was a fantastic start to the week. You can view our events page to learn about events and training sessions we have coming up. Another highly successful event was Youth Day 2023, which was held at the Delegation of the European Union in Cambodia on 25 May. Nearly 300 young people attended, and they had the opportunity to learn about green initiatives, receive career guidance, and hear from local and international business leaders about innovation and sustainability.
We are always happy to hear from our community, members, and partners. Please feel free to get in touch with me or our team if you have any questions about what we are up to this year or would like to get involved.
Have a great weekend! |
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INTERVIEW Raksa MA, a senior at American University Phnom Penh majoring in Information and Communications Technology |
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This week, we interviewed Raksa MA, a senior at American University Phnom Penh majoring in Information and Communications Technology. |
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"Without my team’s support, and guidance from my professor, the PUTHI campaign wouldn’t be this successful and impactful. At the end of the day, it is always teamwork, passion and dedication that matters." |
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Each week, we're introducing EU countries until we reach all 27. This week we take a look at Italy, a country located in southern Europe bordered by France and Slovenia.
At a glance: - Population: 59.1 million
- Capital: Rome
- Visitors per year: 65 million
- Top export to Cambodia: Tanned Equine and Bovine Hides
- Top import from Cambodia: Knit sweaters
Fast facts: Italy is a founding member of the European Union, the Eurozone, the OECD, the G7, and the G20. The economy is split between the north, which is highly developed and industrial with private firms dominant, and a south that is less industrial and more agrarian. |
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According to a recent report from the National Bank of Cambodia (NBC), e-payment trends in Cambodia have significantly increased in recent years as more and more people switch from cash-based to digital transaction options. According to the central bank's Annual Supervision Report 2022, by the end of 2022, "the number of registered e-wallet accounts increased to 19.5 million and the total number of transactions jumped from 708 million to one billion with a total amount of $272.8 billion (increased by 34%), approximately nine times the gross domestic product (GDP)".
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Global Fashion Agenda, GIZ, and RBH host Circular Fashion & Textiles seminar on May 16 |
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On May 16, 2023, at the Hyatt Regency Phnom Penh, Global Fashion Agenda, GIZ, and RBH held a Circular Fashion & Textiles seminar to discuss ways to value textile waste and develop circular business models in the fashion and footwear industries that benefit Cambodia. Participants at the event heard from prominent local players got the chance to review best practices from other nations and shared the goals and priorities of their enterprises regarding circularity.
The topics of discussion included the significance of segregating textile waste, implementing corporate incentives to encourage sustainable behaviors, and identifying appropriate recycling technology to efficiently manage textile waste in Cambodia.
To read more about this event, please click here
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EuroCham hosts Real Estate & Construction Forum: Future Cities on 23 May |
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EuroCham’s Real Estate and Construction Committee successfully hosted the Real Estate & Construction Forum: Future Cities on 23 May at Sofitel Phnom Penh Phokeethra.
The forum featured warm welcome remarks from Mr. Martin MCCARTHY, Vice-Chairman of EuroCham Cambodia and H.E. Dr. PEN Sophal, Secretary of State, Ministry of Land Management, Urban Planning and Construction.
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World Bank pegs Cambodia's economic growth at 5.5% in 2023 |
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The World Bank expects Cambodia's GDP growth at 5.5% in 2023. According to predictions, a growing agricultural sector, strong services, and manufacturing exports will be the main drivers of the economic recovery.
The country's economic recovery picked up speed in 2022, according to the report, "Cambodia Economic Update: Post-COVID-19 Economic Recovery," with real growth rising to 5.2%. This upturn has been greatly aided by a thriving recovery in the services sector, particularly in the trade, travel, and hospitality sectors, which has helped the country return to its pre-COVID-19 growth levels. |
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Welcome New Member! GEOLINK GROUP CO., LTD EuroCham Cambodia is delighted to welcome GEOLINK GROUP CO., LTD as a new member.
For more than 20 years, Geolink has offered logistics and warehousing services in Cambodia. They have a reliable network, support, facilities for maintenance, and a group of highly qualified experts. Geolink has deep expertise in transporting alcohol and non-alcohol beverages, FMCG goods, and agricultural, construction, garment and pharmaceutical products nationally throughout Cambodia.
Welcome to EuroCham Cambodia!
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VOLTRA to secure a 20% subsidy from the Ministry of Public Works and Transport of Cambodia. |
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VOLTRA offers you a great offer that ends very soon. It's one of the only companies to have obtained a subsidy from the Ministry of Public Works and Transport of Cambodia. The ministry has allocated a 20% subsidy for any purchase of one or more MATRIX electric motorcycles, a testament to the bikes' quality and performance. The MPWT will therefore pay 20% of your total qualifying purchase at VOLTRA.
Please note that the subsidy is only valid until May 31, 2023. Do not miss this opportunity for your employees, your company or your loved ones. The price for a MATRIX is currently only $1,320 instead of $1,650. Think no more and go electric now. re and go electric now.
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Fill out EuroCham's Business Confidence Survey! |
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Our Business Confidence Survey is one of our essential tools to help learn about the issues affecting your business. The results help set our priorities as a chamber and ensure we are focused on the right issues at the right time. We kindly encourage you to take a few minutes to fill out this very important survey. |
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Weekly Advocacy Highlights |
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Monday 22nd May: The EuroCham Human Resources Committee Leadership and the EuroCham Advocacy team held an internal meeting to review the overall progress and the new recommendations of the HR White Book Chapter 2023.
Tuesday 23rd May: EuroCham's Real Estate and Construction Committee successfully held its flagship forum on ‘Real Estate & Construction: Future Cities’. A major highlight of this flagship forum was the official launch and the handover of the Real Estate & Construction Chapter of the 2023 White Book to H.E. Dr Pen Sophal, Secretary of State, and H.E. Dr Chhann Sorphal, Director General of Construction at the Ministry of Land Management, Urban Planning & Construction.
Wednesday 24th May: EuroCham Human Resources Committee held its second committee meeting of the year. This meeting includes a discussion on the growth of the connection within the education sector as part of the skill development pillar for the HR Committee. A specific educational working group will be formed by the committee to address the strategies and development at a deeper level.
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EuroCham's Green Business Forum 09 June |
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EuroCham’s Green Business Committee is proud to present you all with the GREEN BUSINESS FORUM on Pioneering Innovation for a sustainable future.
Join us on Friday, 9 June, at the annual Green Business Forum as we stand together to support Cambodia’s commitment towards Green Growth. |
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On level 14, FiveFive Rooftop Restaurant & Bar, is a sleek and modern setting with unsurpassed views of the Mekong River and Royal Palace. This social hotspot offers a shared dining concept with a variety of sustainable fresh seafood, outstanding meats, and trendy cocktails in a pleasant environment. The music provided by our nightly DJs sets the mood.
To reserve a table Call: +855 23 600 1234 |
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Check out other EuroCham Member Restaurants: b. Consulting Hospitality & Hotel Solutions, Cambodian Country Club, Dara Hotels, Hagar Catering & Facilities Management, Himawari Hotel Apartments, Hops Garden, Hotel Cambodiana, Hyatt Regency, Il Forno Phnom Penh, Knai Bang Chatt, La Palmeraie d'Angkor, Le Flamboyant Boutique Resort & Spa, Oakwood Premier Phnom Penh, Raffles Hotel Le Royal, Rambutan Hotel and Resorts Cambodia, Rosewood Phnom Penh, Six Senses Krabey Island,Sofitel Phnom Penh Phokeethra, Sun & Moon, Urban Hotel, Thalias Hospitality Group, The Amanjaya Pancam Suites Hotel, The Balé Phnom Penh, TS Concept, TRIBE Phnom Penh Post Office Square |
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