Logo of Phnom Penh Post newspaper Phnom Penh Post - Data divulged: Company registrations increase

Data divulged: Company registrations increase

Data divulged: Company registrations increase

THE number of new businesses registered in the Kingdom rose nearly 30 percent last year, compared to 2009.

Data obtained from the Ministry of Commerce yesterday showed that 2,572 new businesses were noted in 2010, up from 2,003 in 2009 – a rise of 28 percent. Of this, between 30 to 40 percent were foreign companies, a rise of about 10 percent.

“The global economy slightly impacted our economy. Significantly, we were very politically stable —that’s why both local and foreign investors felt confident in putting down their money for ... enlarging businesses here,” said Hum Hean, director of the Ministry’s business registration department.

“I noticed that there was a sharp increase for small and medium-sized enterprises last year,” he added.

Foreign subsidiaries also went up to 46, from 31, while representative offices registrations increased to 32 from 11.

Many foreign companies registering hailed from the region, and were involved in agriculture, services and tourism, he said.

Hum Hean expected the registrations would keep growing this year.

In 2009, the number of new registrations declined by 27 percent over 2008.

MOST VIEWED

  • Municipal hall releases map detailing colour coded Covid risks by commune

    Phnom Penh municipal governor Khuong Sreng released an official map detailing the red, yellow and dark yellow zones within the city under the new lockdown orders for Phnom Penh announced on April 26. The designation of red, dark yellow and yellow corresponds to areas with high,

  • Inter-provincial travel ban lifted; Phnom Penh and Takmao not exempted

    The government on April 25 decided to lift the inter-provincial travel ban and the closure of tourist attractions across the country, effectively immediately. The travel ban and closures of all resorts were imposed on April 6 and 17 respectively in a bid to curb the spread of Covid-19,

  • Phnom Penh, Takmao lockdown extended for another week

    The government late on April 26 announced an extension of lockdown in Phnom Penh and adjacent Takmao town in Kandal province for another seven days – or longer if residents do not comply with Covid-19 preventive measures and the community outbreak does not subside – until May 5. According

  • Gov't mulls extension of Phnom Penh, Takmao lockdown

    The Inter-ministerial National Commission for the Control and Enforcement of Lockdown held a video conference meeting on April 25 to review a draft document on the extension of lockdown in Phnom Penh and adjacent Kandal province’s Takmao town. The meeting was chaired by Minister of

  • Gov’t issues guidelines as lockdown nears end

    The government has issued a five-page set of instructions to be enforced when the three-week lockdown of Phnom Penh and adjacent Takmao town in Kandal province ends on May 6. According to an announcement signed by Prime Minister Hun Sen on May 4, the instructions cover a

  • Phnom Penh unveils rules for post-lockdown transition

    The Phnom Penh Municipal Administration issued a set of detailed guidelines for the seven days to May 12 after the capital emerges from lockdown at the onset of May 6. In the 14-page document signed by municipal governor Khuong Sreng released on the evening of May 5, the