Economy and commerce
Three more investment projects worth over $16 million approved
The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of $16.2 million. ...
Khmer Times Staff
Chinese investors returning: Cambodia should learn the lesson of money laundering risks
The real estate industry in Cambodia has been identified as a high-risk sector for money laundering due to a number of factors. In recent years, the industry has experienced substantial growth, which has attracted foreign investors, particularly from China. This has led to a substantial influx ...
Cambodia, Pakistan mull joint trade-body committee
Cambodia and Pakistan have agreed to look into setting up a joint committee between the two countries’ apex business associations, to unlock the envisaged potential of two-way trade and investment, and boost import-export flows beyond their historically limited levels, according to a Ministry of Commerce ...
Preah Sihanouk tyre plant lifts hopes for rubber
A massive, freshly-launched tyre factory, backed by a $300 million investment from Chinese-owned General Tires Technology (Cambodia) Co Ltd, could be the breakthrough that the local rubber and automotive sectors have been waiting for, and potentially act as a type of price stabiliser for domestic ...
Chinese-invested tire factory in Cambodia goes into operation
A Chinese-invested tire factory in Cambodia’s Sihanoukville Special Economic Zone (SSEZ) launched its operation on Saturday after more than one year of construction. ...
Khmer Times Staff
Sihanoukville multi-purpose SEZ master plan reviewed
A meeting at the Ministry of Economy and Finance under the chairmanship of Dr Aun Pornmoniroth, Deputy Prime Minister and Minister of Economy and Finance, on Wednesday, reviewed and discussed recommendations on the draft report on the second phase of the master plan for the ...
Hopes high for Kampong Chhnang logistics hub
Locally-owned KLP.T Transportation Co Ltd’s new multi-purpose port and logistics centre just east of Kampong Chhnang town is expected to provide a substantial boost to Cambodian freight movement, particularly of agricultural products from the provinces bordering Tonle Sap Lake to international markets. ...
Stung Pursat I dam ‘in 2026’
South Korean-owned SPHP (Cambodia) Co Ltd’s under-construction $231 million, 80 megawatt (MW) Stung Pursat I hydropower dam is scheduled to be commissioned and operational in 2026, according to Pursat provincial governor Khoy Rida. ...
May Kunmakara and Orm Bunthoeurn
$230M hydropower dam to start construction in Pursat province
The construction of $230 million Stung Pursat hydropower I dam with a capacity of 80 megawatt is set to break ground soon, after the ground preparation at the construction site has been made since last year. ...
3,748 new factories opened last year
Some 3,748 new factories were opened last year providing jobs for 147,000 workers but 59,000 others were left unemployed when 491 factories closed down. ...
GDCE reviews efficacy of trade facilitations
The General Department of Customs and Excise (GDCE) at a meeting on Tuesday with representatives of ministries, technical officials and members of express delivery companies discussed priorities, like the promotion of the cross-border e-commerce sector, use of risk management mechanisms, enhancing the effectiveness of tax ...
Vehicle assembly investments roll into Kingdom
At least five investment projects on vehicle assembly have been approved and the constructions are set to be completed soon in Cambodia. ...
South Korea’s Booyoung seeking investment opportunities in infrastructure and transport in Cambodia
A delegation of Booyoung Co., Ltd., led by its Chairman Dr Lee Joong Keun, is seeking opportunities of investment in infrastructure and transport sector in Cambodia. ...
Khmer Times Staff
Sendai office to bolster Japan ties: CCC
The apex Cambodian business association’s leaders are convinced that their new representative office in the Sendai region will materially accelerate the Kingdom’s trade and economic relations with Japan, largely by tapping into the opportunities created by the Regional Comprehensive Economic Partnership (RCEP). ...
SBIF all set to help businesses, investors in Cambodia
The Singapore Business and Investment Forum (SBIF), a young and vibrant organisation, aims to better serve the business and investment needs of Singaporean businesses and investors in Cambodia ...
Delegation of US-ABC eying trade and investment potential and opportunities in Cambodia
Delegation of US-ASEAN Business Council (US-ABC), led by its Senior Vice President and Regional Managing Director H.E. Michael Michalak, have been on a visit to Cambodia to study more potential and opportunities of trade and investment. ...
Khmer Times Staff
US-ASEAN Business Council pledges more investment in Kingdom
Six major American corporations have committed to attracting US investment in Cambodia’s public infrastructure and transportation sectors to keep pace with the Kingdom’s socio-economic growth. The promise was made during a February 27 working meeting between a delegation from the US-ASEAN Business Council (US-ABC) and Minister ...
CDC unveils 27 projects in Jan-Feb
The Council for the Development of Cambodia (CDC) notices issued year-to-February 28 reveal that it has greenlit 27 new private investment projects – 19 in textile-related sectors – worth a cumulative $198.2 million, which are expected to generate a total of 39,914 jobs. ...
Sovannaphum Life CSR project reaches micro-entrepreneurial ventures through Lady Saving Group
Sovannaphum Life Assurance Plc, with its financial strength and trust, is making women’s economic empowerment its top corporate social responsibility (CSR) priority this year by financing small-scale businesswomen. ...
Chinese investors keen to return to Cambodia
Chinese investors and business people are keen to return to Cambodia following the opening of China’s borders and Cambodia, on its part, is ‘China Ready.’ The bonhomie between the business communities of the two countries came to the fore once again at a forum organised ...