AmCham In The News

The American Chamber of Commerce (AmCham) in Cambodia held its Annual General Meeting (AGM) and Charity Gala Dinner on March 27, 2024 at the Oakwood Premier Phnom Penh, during which the election results for the chamber’s 2024 Board of Governors were announced.

“The regulator is looking to work with all market participants to increase insurance penetration and density in the country,” said the IRC Director General Chanphirou on Tuesday at an event hosted by AmCham Cambodia, titled ‘Leading the Way: The Future of Bancassurance’.

“I would call this – insurance penetration at 1.14 percent – an opportunity as it shows the enormous potential for growth. But there are also challenges that we need to overcome to increase insurance penetration,” said the IRC Director General Chanphirou on Tuesday at an event hosted by AmCham Cambodia, titled ‘Leading the Way: The Future of Bancassurance’.

Sun Chanthol, Deputy Prime Minister and First Vice President of the CDC, noted during a meeting with a delegation from the American Chamber of Commerce in Cambodia (AmCham Cambodia) last week, that the CDC’s improvements of the technology surrounding the QIP registration system will better facilitate US and other international investors to apply for potentially-qualified investment projects in the Kingdom from their home nations, removing physical barriers for QIP applications.

The American Chamber of Commerce in Cambodia (AmCham Cambodia) is committed to further strengthening and expanding its cooperation with the Royal Government of Cambodia. The commitment was made known here at the Peace Palace yesterday when Dr. Hun Manet, Prime Minister of Cambodia, received Devin Barta, President of AmCham Cambodia, and his colleagues.

Cambodia’s relatively new Trust market is growing fast and has so far attracted investments worth $1.27 billion, according to Sok Dara, Director General of the Trust Regulator, yesterday.Addressing a seminar on ‘Emerging Business Opportunities in the Trust Sector,’ organised by the Law Committee of the American Chamber of Commerce (AmCham), the Director General said that the number of Trusts registered has reached 810 since the Trust Regulator (TR) was established in 2021.