China has unveiled a new pro-growth regulation for self-employed business owners, including policies that provide greater support in terms of taxation, finance and the protection of intellectual rights, in a bid to inject fresh impetus into individual and small, family-run businesses.
E-business operators can either apply for the proper permits and licences to operate in Cambodia legally or face law enforcement, the Ministry of Commerce warned in a notice, as the government strives to create a conducive and dynamic digital business environment that is market-driven, law-based and internationalised.
Somber start to 2021 as 33,600 businesses dissolve, suspend operations
By Dong Son February 28, 2021 | 03:00 pm GMT+7
The number of businesses dissolving or suspending operations nationwide increased by almost 20 percent year-on-year in January and February.
According to the Department of Business Registration under the Ministry of Planning and Investment, the first two months of the year saw 33,611 firms quit the market and around 18,100 new companies established.
The number of companies dissolved or suspending operations marked an 18.6 percent year-on-year increase, the department said. Of these, 21,636 firms have temporarily suspended operations, 8,380 have halted operations to complete dissolution procedures and more than 3,595 dissolved.
Those halting operations were in various sectors including retailing, lodging and catering services, tourism, and construction. They are reassessing their situation, watching the market and looking for new ideas and policies before