| EBO Sustainability Summit 2024 |
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EuroCham Cambodia, supported by GIZ, hosted the EBO Sustainability Summit in April 2024, bringing together regional leaders from European Chambers of Commerce to plan for a more sustainable future.
In the video, EuroCham leaders share their perspectives on sustainability and discuss how they are working to create a more sustainable future for businesses and communities in Asia. |
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Credit cards have been the defacto mode of payment for travelers in the past, but there could be fees attached and there's no guarantee establishments will accept them. For example, cards are supported by 52,354 card-processing machines in the country, along with 5,600 ATMS. Compared to the 3.3 million locations that accept QR payment, the advantage is clear.
The new app allows for tourists to deposit funds to their Bakong account at banks or hotels, and luckily, the traditional practice of refusing banknotes with even minor deformities appears to be on the way out to favour streamlining and convenience. Tourists are allowed to spend $1,000 per day using the system, which can be increased to $3,000 per day after confirming their identity. |
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Call for participation: EuroCham's 2024 ESG Contest and Awards |
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EuroCham Cambodia has launched applications for our 2024 ESG Contest and Awards, a new initiative designed to recognise and celebrate companies that are making a significant impact on sustainability in Cambodia.
The ESG Awards aim to highlight innovative initiatives, sustainable practices, and positive social impacts that contribute to a more responsible and sustainable business environment. We are now seeking Expressions of Interest from companies committed to sustainable practices.
If your company is making a significant contribution to ESG in Cambodia, we encourage you to submit an expression of interest by September 3, 2024. |
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EuroCham, AmCham, team up for Tax Forum 2024 |
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We're excited to announce a partnership with the American Chamber of Commerce for the upcoming Tax Forum 2024, scheduled for 18 September at Sofitel Phnom Phokeethra. With double the manpower and expertise, we've never been more equipped to take a hard look at the tax system in the country and identify areas for collaboration and improvement. Stay tuned for a full agenda and registration information to be released next week! |
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- About 70 Khmer artifacts, including Hindu and Buddhist masterpieces from the pre-Angkor and Angkor periods, have been returned to Cambodia. These priceless stone statues were stolen from ancient temples after the war and sold to people and institutions worldwide. The collection includes mythical warriors from the Mahabharata and statues of Hindu deities like Shiva, Uma, and Ardhanarishvara from the ancient city of Koh Ker.
- Cambodia has solidified its position as the world's second-largest producer of raw cashew nuts, surpassing previous records with a total production of 830,000 tonnes in the first seven months of 2024, as reported by the Cashew Nut Association of Cambodia (CAC). Cambodia's cashew production has surged due to improved farming practices and expanded cultivation.
- Recent unrest in Bangladesh has shaken the garment industry in the region, with suppliers in Bangladesh scrambling to make up lost time due to a violent political situation. When shipments from the country stalled, several companies started shifting orders to Cambodia and other countries.
- Check out this fun read from BBC that takes a look at Cambodia's East Royal Road, a historic 100km stretch that connects Angkor Wat, Beng Melea, and Preah Khan Kompong Svay.
- Asia Development Bank (ADB) recently released an in-depth report on Key Indicators for Asia and the Pacific 2024: Data for Climate Change.
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Bumrungrad Health Briefs #34: Understanding Endometriosis: Symptoms, Causes, and Treatment Options
Endometriosis is a chronic condition affecting 190 million women worldwide and up to 10% of women of reproductive age, with a higher prevalence in women with pelvic pain (around 60%), and severe pain after take oral contraceptive around (around 75%). It occurs when tissue similar to the uterine lining grows outside the uterus, causing pain, inflammation, and scar tissue. Commonly affected areas include the ovaries, fallopian tubes, and the pelvic lining.
Symptoms and Causes Symptoms of endometriosis can vary but often include: - Pelvic pain, especially during menstrual periods or during intercourse
- Painful bowel movements or urination during menstruation
- Heavy menstrual bleeding or bleeding between periods
- Infertility
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Read EuroCham's latest Tax Committee update on the new Sub-decree on Value-Added Tax (VAT), brought to you by KPMG.
Effective from 11 March 2024, this new Sub-decree on VAT shall cover the rules and procedures on the implementation and collection of VAT on supply of taxable goods/services in Cambodia, including the updates on the VAT rules and regulations previously covered under VAT Sub-Decree no 114, dated 24 December 1999. |
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Committee elections underway |
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It's election season for EuroCham's 12 sectoral committees, with the fast-moving consumer goods, garment & manufacturing, and green business committees holding votes this week. Stay tuned for the outcomes and upcoming agendas for each committee! Thank you to all our previous chairpersons and we look forward to working with everyone for the 2024-2026 term! |
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Koh Russey Resort offers a serene escape on Koh Russey Island (Bamboo Island), just a short boat ride from Cambodia's mainland. This idyllic retreat features 50 pavilions and 13 villas, providing comfortable accommodations for guests seeking tranquility. Conveniently located a mere 10 minutes by car and 15 minutes by speedboat south of Sihanoukville International Airport, the resort is easily accessible for travelers seeking a peaceful getaway. |
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Botanico Brewing Company (formerly known as Cerevisia Craft Brewery) is one of Cambodia's oldest craft breweries, renowned for its high-quality, and innovative beers. With a focus on using local ingredients, they've successfully given Cambodian craft beer a unique identity. Their brews are available at their Botanico Craft Beer Garden and various establishments across the country, catering to both locals and expats. |
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Free virtual matchmaking on ASEAN ACCESS Match |
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Join the FREE virtual matchmaking event and market talk: ASEAN Access MATCH: “Agricultural and food products: Trade opportunities between Cambodia and Vietnam”.
This is your chance to connect with potential partners in Cambodia and Vietnam, discover new business opportunities and expand your market reach, and learn from industry experts about the latest trends and trade opportunities between both countries. Market talk Date: September 16, 2024 Time:10:00 AM - 12:00 PM (GMT +7) Business Matching Date: September 17 - 30, 2024 Pre-book 1-on-1 virtual meeting with potential partners
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EuroCham's Training Academy will host the professional training course on Excellence in Customer Service: Making the Sale on 12-13 September, designed to equip you with essential skills for delivering exceptional customer service and learn effective communication techniques and strategies for handling challenging situations.
During this course, you will learn: - Effective communication and relationship-building
- Handling difficult customers and situations
- Basic and advanced sales techniques and strategies.
Note: This course will be conducted in both Khmer and English and is exclusively open to Cambodian nationals. As a pilot initiative, it focuses on addressing the skills gaps identified in EuroCham's Skills Gap Assessment Report 2024 and is offered at a special discounted rate. Future training sessions will revert back to EuroCham's usual training format and be open to foreign participants as well.
Don't miss out on this limited-time offer! Register by 27th August at 5 PM and enjoy our exclusive discount.
Date: 12 & 13 September 2024 Time: 9:00am-5:00pm Venue: TBC Ticket: Members: $200 Non-members: $250 |
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