The Globe as you know it is changing.
Coming June 2019

  • More thought-provoking stories that inspire
  • Independent, free and member-supported
  • Vote for, pitch and commission stories
  • Member engagement with our journalists

To understand more about why you are so important to our member-supported initiative, we encourage you to read the following from our managing editor ~ Read more

The Globe as you know it is changing.

Since 2007, Southeast Asia Globe has been a space for some of the region’s best writers and photographers to take our readers behind the headlines into the stories that shape people’s lives. Every month, you could expect to pick up our latest print edition and find high-quality journalism, analysis and artwork waiting on every page. And since 2007, we’ve fought to uphold our promise of quality and independence to you, our readers.

But, like we said, the world is changing. Print publications just aren’t reaching the audiences they need to fulfil their promise of informing, educating and entertaining the public. Advertisers continue to invest in digital platforms while printing costs creep ever higher. Print may not be dead, but it’s fighting for its life. And we’re tired of waiting by a sickbed for its condition to improve. We want to be present at the birth of something new.

That’s why Southeast Asia Globe is relaunching as a member-driven platform featuring daily long-form features combining world-class journalism with enthralling art design and data-centered tech. Through our core pillars – Power, Money, Life and Earth – we are focusing in on the central issues that our readers have always engaged with most, with the same in-depth coverage of politics, business, social affairs and the environment that you’ve come to expect since 2007.

But leaving print behind us doesn’t just save our backs from lugging stacks of magazines across Southeast Asia. It opens up a global readership who don’t just want to read the news, but have a say in the stories that we tell and the way that we tell them. We’re not asking you to take out another magazine subscription – our stories are open to all. What we’re offering our members is a space where they can pitch and vote on the stories that they think deserve to be told. We want to inspire an engaged and active community of members who vote for, comment on and contribute to the stories that matter most to them. We want to work with our members to curate the way they engage with the news – not just as readers, but as an active extension of our editorial team.

That’s how we’re changing to bring you great stories. Here’s how we’re not.

We’re independent. Always have been, always will be. We’re not owned by any corporation or aligned with any state. We choose the stories that we tell, and the way that we tell them.

We’re creative. We’re not interested in churning out breaking news stories on the hour, every hour. We believe that the best stories are the ones that come alive on the page, digging deeper into the issues that shape Southeast Asia – and bringing you along for the ride. From our dedicated designers to our new software development team, our commitment is to constantly challenge ourselves to find new ways of reaching out to our readers.

We’re open. Challenging governments, NGOs and businesses to be transparent with the public means nothing if we keep our own readers in the dark. That’s why we will be completely open about why we tell the stories that we tell – and how we pay for them. Work with us to build something that endures where many media fail, and decide with us exactly where that money is going.

Above all, we’re optimistic. And yeah, we know what you’re thinking. Faced with impending climate collapse, the rise of right-wing authoritarian governments across the world, widening wealth and income inequality and deepening divisions rooted in race or gender or creed, it’s hard not to open the papers and feel the weight of the world pressing down. But we wouldn’t be doing this if we didn’t believe that when people work together, they can make their little corner of the world a more just, open and equal place.

And that’s why we can’t do this without you. We believe that across the globe is a community of people who care deeply about social justice, environmental action and press freedom – and who will join in to help make those ideals a reality. We’re not just holding our hand out – we need your voice to play a vital role in building Southeast Asia Globe into a leading space for progressive causes in the region. Tell us what stories the mainstream media is missing. Share with us the causes that matter most to you, and how we can champion those causes not just across Southeast Asia, but the world.

Our vision is clear. By 2025, we want to be recognised for building a great space for outstanding journalists from across the region to explore new ways of telling Southeast Asia’s most vital stories. Let’s bring together a community of engaged and loyal members who want to help reshape the media rather than just read it. And we want to reach a point where our readers, not advertisers, are the ones working to support our shared vision of an inclusive media.

We can’t do this without you. Let’s get together and build something that we all believe in.

If you’re interested in joining us, sign up to our newsletter, like us on Facebook, follow us on Twitter. And watch this space.

Statistics and tips / Everything you need to know about investing in Cambodia

Posted on: March 12, 2018 | Special Reports

For the past two decades, Cambodia has experienced rapid economic growth. Broad access to global markets and an economic policy that openly courts foreign investment means the country’s economy is expected to continue growing

Downtown Phnom Penh, Cambodia Photo: Kith Serey EPA/EFE

Basics

Currency
The local currency, the Khmer Riel (KHR), was introduced in 1980. However, the Kingdom is a partially-dollarized economy, with 80% of deposits and credits in the country’s banks in US dollars. One dollar is equal to roughly KHR4,000.

Foreign exchange control
Commercial transactions up to $10,000 may be made freely between residents and nonresidents, provided they are made through an authorized bank. Transfers exceeding $10,000 must be declared to the National Bank of Cambodia prior to the transfer.

Preferential market access

Everything But Arms (EBA): Guarantees Cambodia, as a Least Developed Country (LDC), duty-free access to the European Union for exports of all products, except arms and ammunition.

US Generalised System of Preferences (GSP): A 40-year-old trade preference programme under which the United States provides duty-free treatment to imports from developing countries. Cambodia has had access to the US market since 1996. In June last year, the scheme was expanded to include travel goods.

Most Favoured Nation (MFN): Cambodia has been a member of the World Trade Organisation since October 2004 and has been awarded the preferential Most Favoured Nation status by many developed nations such as China, France, Germany, the UK and the US.

Association of Southeast Asian Nations (Asean): an Asean member since 1991, Cambodia also benefits from numerous regional trade benefits. By 2018, Asean hopes to have completely eliminated all tariffs between member states.

Investment incentives

Foreign entities can own 100% of a local business or commercial enterprise and the Cambodian government:
• Does not discriminate against non-Cambodian investors.
• Does not undertake a nationalisation policy.
• Does not impose price controls on products or services.
• Does not impose controls on foreign exchange.
• Does not impose trade restrictions.
• Allows for the free repatriation of profits and free remittance of royalty, interest, loan repayments, dividends and capital.
• Allows foreigners to lease land for up to 50 years (the Law on Investment restricts foreigners from owning land in Cambodia).

Companies granted Qualified Investment Project (QIP) status are entitled to the following investment incentives:
• QIPs may elect to receive a profit tax exemption (maximum total six years) or use special depreciation (40% special depreciation allowance on the value of the new or used tangible properties used in the production or processing). An annual Certificate of Obligation Satisfaction (or “Certificate of Compliance”) has to be obtained by the QIP to be entitled “Profit Tax Exemption”. A QIP shall be subject to a profit tax rate after its tax exemption period as determined in the Law on Taxation.
• Duty free import of production equipment, construction materials etc.
• A QIP shall be entitled to 100% exemption of export tax, except for activities as stipulated in other legislation.
• A QIP located in a designated SPZ or EPZ is entitled to the same incentives and privileges as other QIPs.

Economic breakdown

Access to credit

Cambodia is ranked joint 7th out of 190 economies on the ease of obtaining credit. The credit bureau recently started to provide credit scores to banks and financial institutions, which greatly improved access to credit information.

(Source: World Bank, Doing Business 2017)

Starting a business

There are nine key steps to starting a business in Cambodia:

  1. Conduct an initial check for uniqueness of the company name and obtain company name approval at the Business Registration Department – seven days / $10
  2. Incorporate the company with the Business Registration Department at the Ministry of Commerce – 30 days / $420
  3. Make a company seal – one day / $15
  4. Open a bank account, deposit the legally required initial capital and obtain deposit evidence – one day / no charge
  5. Have registration documents stamped and approved, register for TIN, Patent tax and VAT tax – 30 days / $100
  6. Notify the Ministry of Labour of the start of operations and hiring of employees – 30 days / $69
  7. Submit company original statutes and capital deposit evidence at the Business Registry – one day / no charge
  8. Receive inspection from Labour Inspector – one day / included in procedure 6
  9. Register at the National Social Security Fund – 14 days (simultaneous with previous procedure) / no charge

(Source: World Bank, Doing Business 2017)

This article was published in the August edition of Southeast Asia Globe magazine. For full access, subscribe here