SERC begins probe into illegal investment schemes

The Securities and Exchange Regulator of Cambodia (SERC) in collaboration with relevant authorities has started investigating non-governmental organisations (NGOs), associations, companies and individuals that have illegal investment schemes to collect funds from the public, said a top official of the regulator. ...

Kang Sothear
https://www.khmertimeskh.com/501188706/serc-begins-probe-into-illegal-investment-schemes/

China announces new ASEAN Belt & Road Initiative projects centered around Cambodia

The 2022 ASEAN summit took place at the Cambodian capital Phnom Penh, this past weekend, with China as an official guest. At the event, Chinese Premier Li Keqiang announced Beijing’s approval of Chinese investment in significant infrastructure projects in the ASEAN region. ...

Khmer Times Staff
https://www.khmertimeskh.com/501185109/china-announces-new-asean-belt-road-initiative-projects-centered-around-cambodia/

ASEAN Plus Three countries boost trade, investment ties

Ten member states of Southeast Asian Nations (ASEAN), Japan, China, and Korea have boosted cooperation in trade and investment by taking advantage of the existing free trade agreements. ...

Chea Vanyuth
https://www.khmertimeskh.com/501184060/asean-plus-three-countries-boost-trade-investment-ties/

Singapore replaces China as Cambodia’s top FDI source

Singapore has replaced China as the leading investing country in Cambodia in 2021, accounting for six projects, or 40 percent of Cambodia’s inward FDI, revealed the Investment Monitor’s ‘2022 Inward FDI Performance Index’, released recently. ...

Manoj Mathew
https://www.khmertimeskh.com/501178069/singapore-replaces-china-as-cambodias-top-fdi-source/

Investment in food sector urged by PP governor

Khuong Sreng, Governor of Phnom Penh, called on investors to invest more in Phnom Penh, especially in the food sector, to boost the country’s economy. ...

Khmer Times Staff
https://www.khmertimeskh.com/501177393/investment-in-food-sector-urged-by-pp-governor/

Cambodia needs $9.22 billion for next three-year public investment program

The Cambodian government on Friday approved the next three-year public investment program (2023-2025), which would require a total capital of $9.22 billion to implement 663 projects, government spokesperson Phay Siphan said. ...

Khmer Times Staff
https://www.khmertimeskh.com/501176756/cambodia-needs-9-22-for-next-three-year-public-investment-program/

Cambodia-UAE bilateral trade rises by 40 percent in first eight months

The two-way trade between Cambodia and the United Arab Emirates (UAE) reached almost $280 million in the first eight months of this year, up over 40 percent compared to same period in 2021. ...

Khmer Times Staff
https://www.khmertimeskh.com/501175854/cambodia-uae-bilateral-trade-rises-by-40-percent-in-first-eight-months/

FDI in Cambodia’s construction sector touches $334M

Cambodia continued to receive substantial Foreign Direct Investment in the construction sector in 2021, despite the economic slowdown in the wake of Covid-19, showed the Asean Investment Report 2022. ...

Manoj Mathew
https://www.khmertimeskh.com/501174759/fdi-in-cambodias-construction-sector-touches-334m/

China company plans EV assembly in Cambodia

China Matrix Technology Group-Horche Intelligent Automobile plans to set up a unit to assemble electric vehicles in Koh Kong province, as per a virtual meeting on October 22. ...

Sok Sithika
https://www.khmertimeskh.com/501174221/china-company-plans-ev-assembly-in-cambodia/

$25.4M projects to create 6500 jobs

In continuance with the policy to strengthen the Covid pandemic-scarred economy and push for growth, the Council for the Development of Cambodia (CDC) has recently approved projects worth $25.4 million. They are expected to generate around 6,500 job opportunities. ...

Khmer Times Staff
https://www.khmertimeskh.com/501174204/25-4m-projects-to-create-6500-jobs/

Khmer Enterprise to double startup and SME investment to $10m

At yesterday’s luncheon discussing Cambodia’s startup and SME ecosystem, Vongsey Vissoth, permanent secretary of state of Ministry of Economy and Finance (MEF), said Khmer Enterprise (KE) will increase its investment portion from $5 million to $10 million as part of the nation’s Covid-19 recovery plans ...

Bun Tharum
https://kiripost.com/stories/cambodia-khmer-enterprise-to-double-startup-sme-investment

Finance minister asking Booyoung Group of S Korea for fintech boost

The finance minister has asked South Korea’s Booyoung Group to invest more in the Cambodian financial-technology (fintech) market, which has seen remarkable growth during Covid-19, as the company’s chairman revealed preliminary plans for a university in the Kingdom focused on fintech and taxation. ...

May Kunmakara
https://www.phnompenhpost.com/business/finance-minister-asking-booyoung-group-s-korea-fintech-boost

New S Reap airport 44% done, still set to open in Oct 2023

Siem Reap-Angkor International Airport is still on track to open in October 2023, with work on Phase I reaching 44 per cent as of end-September, according to a senior civil aviation official. ...

Hin Pisei
https://www.phnompenhpost.com/business/new-s-reap-airport-44-done-still-set-open-oct-2023

1st Chinese-invested expressway in Cambodia sparks tourist influx to coastal province: PM

Cambodian Prime Minister Samdech Techo Hun Sen said on Monday that some 200,000 vehicles had traveled on the kingdom’s first-ever expressway since it was open to the public for trial use for free on Oct 1. ...

Xinhua
https://global.chinadaily.com.cn/a/202210/17/WS634cfca3a310fd2b29e7cf2f.html

150 projects worth $3.45B approved in nine months

Cambodia has approved 150 fixed-asset investment projects worth about $3.45 billion in the January-September period of 2022, according to the Council for the Development of Cambodia (CDC)’s report yesterday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501164016/150-projects-worth-3-45b-approved-in-nine-months/

Local players represent 51% of key Jan-Sep investments

Cambodian investors accounted for more than half of the nearly $3.5-billion value of the projects approved by the Council for the Development of Cambodia (CDC) in the first nine months of this year. ...

Hin Pisei
https://www.phnompenhpost.com/business/local-players-represent-51-key-jan-sep-investments

Canadian firm granted oil, gas exploration, production licence

The government has given the nod to EnerCam Resources Co Ltd, a subsidiary of Toronto-listed Angkor Resources Corp, for oil and gas exploration, development and production on southwestern Cambodia’s roughly 7,300sq km onshore Block VIII in the Kampong-Som Basin, the parent company reported on October ...

May Kunmakara
https://www.phnompenhpost.com/business/canadian-firm-granted-oil-gas-exploration-production-licence

Improving Cambodia’s startup investment ecosystem

The Entrepreneurship Development Fund (EDF) held a workshop last Thursday to discuss “preliminary findings and to gather input on challenges and policy for startups and SMEs investment aspects” in Cambodia. ...

Bun Tharum
https://kiripost.com/stories/improving-cambodia-startup-investment-ecosystem

$17M tourism project in Kep province approved

The Council for the Development of Cambodia has approved a $17-million tourism development project in Kep province. ...

Chea Vanyuth
https://www.khmertimeskh.com/501162001/17m-tourism-project-in-kep-province-approved/

Hun Manet: Kingdom attracts new investors

Cambodia is emerging as one of the region’s most attractive countries for new business expansion and investments, driven by political stability and high economic growth over the past two decades, according to Royal Cambodian Armed Forces (RCAF) deputy commander and Royal Cambodian Army (RCA) commander ...

May Kunmakara
https://www.phnompenhpost.com/business/hun-manet-kingdom-attracts-new-investors

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