Dear members, partners and friends of EuroCham Cambodia,
I am very pleased once again to reach out to all of you through this newsletter as a new working year starts.
Other online events and series are being launched, as part of our ongoing SME Export Talk and Entrepreneurial Ecosystem Facilitation meetings. For instance, with the support of our Sectoral Committees, we are going to launch an “Insiders” online luncheon, giving the floor to our counterparts from the main line ministries. To better interact with each of you and ultimately better serve you, we have arranged an online Open Office Day, on 10th September. Our team is also preparing our next, likely digital, Annual General Meeting. The last twelve months have been a year of adaptation to pursue our mission, despite the constraints imposed by fully migrating online: I’m talking, for instance, about our e-library, e-books, e-training, e-open office, e-online advocacy’s consultations and meetings, e-summer courses series, e-workshops…
Adjustments have been made to contribute to the sustainability of EuroCham, as a platform for its members and national chapters. We enjoy a great level of trust and engagement from our members, chapters, annual and event sponsors, and partners. Many thanks to all of them for partaking and actively contributing to the pursuit of EuroCham’s journey in promoting European business community values and interests, ranging from fair competition, standards, legal compliance and transparency to environmental and social responsibilities and policy promotion.
In this Newsletter we will cover:
- Upcoming Events
- EuroCham News
- National Chapters News
- Members Corner
- Newest EuroCham Members
- Press Review
- Keep up with EuroCham
- Recent Regulation Changes
- Job Posting
- Founding Chambers & National Chapters
- Annual Platinum & Gold Partners
EuroCham is pleased to invite you and your colleagues to our Virtual Open Office Day which will be held on Friday 10 September 2021 from 02:00PM - 3:00PM (GMT+7).
EuroCham Team will present on our upcoming projects of 2021, an overview of our membership program and how members can be involved in our various activities. This is a great opportunity for you to engage and keep up-to-date with EuroCham's activities.
|Webinar on Logistics Providers for Export|
On 14 September at 10:00AM, EuroCham Cambodia will partner once more with ARISE+ Cambodia for our third SME Export Talk - this time focusing on "Logistics Providers for Export". This Webinar aims to familiarise companies with key features to look out for when selecting a logistics provider, and when beginning to export.
With experts from the field of export logistics, we will discuss how to choose a freight forwarder suitable to your product, the challenges an SME may face, and tips to streamline the export process.The discussion will provide both an academic overview of the topic, as well as real-world examples of firms exporting using third-party logistics (3PL) providers. REGISTER NOW
EuroCham Tax Tuesday is a summer series of 5 Tax webinars in between August and September. So far EuroCham have completed 3 sessions and there are only two webinars left available under the topics:
- Business Taxation: Vat & Special Taxes
- Capital Gains and Exit Taxes
Check out the webinar details and registration HERE.
EuroCham is excited to launch our "Real Estate September", a series of 3 webinars on 16, 22 and 27 September 2021. All 3 webinars revolve around achieving “quality real estate for a sustainable future”.
Participants will be able to hear from our leading real estate & construction experts and professionals on hot topics such as:
- The Importance of Standards in the Real Estate Industry - A Case for Following RICS Standards
- Green Building Certification as Driver for a Sustainable Transition of the Real Estate Sector
- Impacts of the Hazardous Construction Materials
Check out the webinar details and registration HERE.
|Training Course on Transformational Coaching for Leaders|
EuroCham is hosting a 2-day online training course on Transformational Coaching for Leaders on 29 & 30 September 2021 from 9:00 AM till 4:00 PM via Zoom.
The purpose of the course is to equip leaders with the mindset and skill set of coaching. Focusing on experiential learning, participants will have the opportunity to practice and receive feedback on their newly acquired coaching skills.
By the end of the course, you will have a clear idea about what coaching is, how coaching could fit into your life and role, and how it can help to transform your performance and that of your organisation. You will know how to have powerful coaching conversations with your team on any topic using skills based on scientific and practical research.
|EuroCham Meeting with the Founding Chambers and National Chapters|
On 2nd September 2021 at Topaz Restaurant, EuroCham engaged in an extensive and fruitful dialogue with its Founding Chambers and National Chapters, regarding the current and future developments of the organisation.
Together with CCI France Cambodge (CCIFC), German Business in Cambodia (GBC, previously ADW), BritCham and our national chapters NordCham Cambodia, Italian-Cambodian Business Association (ICBA) and Benelux Cambodia, we stand ready for further engagement and innovative joint initiatives to promote European business and cultural relations in Cambodia. We are also working to streamline our communication in support of the initiatives promoted by our chapters.
We also warmly thank our Platinum Partner, Thalias Hospitality, for its support in hosting this pleasant gathering.
|Official Launch of the Online Business Registration System on Information and Technology Platform (OBR) Phase 2|
On 1st September 2021, Cambodia officially launched the Online Business Registration System on Information and Technology Platform (OBR) Phase 2. EuroCham's chairman Mr. Tassilo Brinzer and our team attended this morning’s exciting online launch ceremony, presided over by H.E. Dr. AUN Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance.
The OBR Phase 2 now expands the scope of the system through the collective efforts of the Ministry of Industry, Science, Technology and Innovation, the Ministry of Tourism, the Ministry of Posts and Telecommunications and the Real Estate Business & Pawnshop Regulator of the Non-Banking Financial Services Authority. Users can now apply for specialized licenses online and pay online as well.
|Webinar on Transfer Pricing and Double Tax Agreements|
On 7 September 2021, EuroCham hosted the 3rd session of its five Tax Tuesdays, welcoming over 160 attendees to discuss “Transfer Pricing and Double Tax Agreements”.
On the first topic, our expert speakers provided our attendees with an insightful overview of Cambodia’s Transfer Pricing Regulations which include the arm’s lengthen principle, five TP methodologies endorsed by Prakas 986 and the OECD’s guidance on financial transactions. Next on the second topic, our speakers addressed the importance of Double Tax Agreements in reducing withholding taxes, identifying the thresholds for activities to create a taxable presence, providing a framework for resolving disputes & arbitration, a mechanism for exchange of information between authorities and explained the MAP (Mutual Agreement Procedures) in resolving international tax disputes and common cases.
|Training Course on Financial Analysis Fundamentals|
EuroCham successfully hosted its first 2-day online “Financial Analysis Fundamentals” training on 26 & 27 August 2021.
In the 2 day course, participants were able to generate key financial ratios, and then use them to analyse the efficiency of their organisations. Exercises included assessing organisation insolvency risk, production efficiency, profitability, and gearing (debt). The course also provided tools to assess potential investments, such as the Internal Rate of Return (IRR).
We'd like to thank participants for joining, and hope they are already applying the skills developed!
|Webinar on The Road to Energy Efficiency|
On 13 August 2021, EuroCham - in collaboration with the Cambodia Energy Efficiency Competition (CEE Comp) - had the pleasure to host a webinar on “The Road to Energy Efficiency”, welcoming over 80 live attendees.
In this webinar, our expert panelists shared with our audiences the energy efficiency in Cambodia at the time of COVID-19, success stories of energy efficiency from Cambodia and France, and a guide on energy-saving tips for their offices and residence.
|August Updates From Italy in Cambodia, Program Sponsored by ICBA|
Everything Authentically Italian in Cambodia
This month newsletter cover:
- Invest in Cambodia - Success Stories
- Meet the Italians in Cambodia
- Fostering Digital Transformation
- Empowering Women
- Updates from the Italian Consulate in Phnom Penh
Read the full updates HERE.
- 3 August - EuroCham Chairman and member representatives participated in the Government-Private Sector Working Group D meeting
- 3 August - Tourism and Hospitality Committee Meeting
- 4 August - Representatives of the Real Estate and Construction, and the Green Business Committees participated in the Workshop on Green Building Certification by the Ministry of Economy and Finance
- 5 August - EuroCham joined the Fifth ASEAN Single Window (ASW) Symposium
- 6 August - Representative of the Human Resources Committee participated in the consultative meeting on Occupational Health and Safety Standard Promotion in the Construction Sector
- 6 August - EuroCham members joined the Seminar on Law on Combating the Financing of Weapons of Mass Destruction by the Ministry of Commerce
- 10 August - EuroCham Tax Summer Series: Tax in the Digital Era
- 12 August - EuroCham Chairman and member representatives participated in the Private Sector Working Group D meeting
- 12 August - Entrepreneurial Ecosystem Kickoff Event "Give A Day"
- 17 August - EuroCham Chairman joined the preparatory meeting on 1st Asia-Europe Economic Business Forum by the Ministry of Commerce
- 17 August - EuroCham Tax Summer Series: Tax Audits
- 19 August - EuroCham met ADB representative on Cambodia Trade and Competitiveness Program
- 30 August - Green Business Committee Executives Meeting
- 30 August - Tax Committee Executives Meeting
- 30 August - Real Estate and Construction Committee Executives Meeting
|Our Founding Chambers & National Chapters|
|Our Annual Platinum & Gold Partners|