Investment policy and regulations

Kasikornbank, Thailand’s fourth-largest lender by assets, plans to open its first branch in Phnom Penh by August, according to a report from Nikkei Asian Review. ...

Government officials are encouraging Japanese investors to channel more funding into the country’s booming construction and property development market, with the Ministry of Land Management, Urban Planning and Construction rolling out the red carpet for them. ...

A former MEC Co. Ltd shareholder was tried in absentia by the Court of Appeals yesterday morning for allegedly defaming his former company and MEC’s chairman, former Cambodian Prime Minister Ung Huot, in 2014, according to a court official. ...

Korean companies have expressed an interest in expanding into Asean, mostly in the high-tech and information technology (IT) sectors. According to a report in the Bangkok Post. ...

Total premiums for general insurance rose 16.4 percent last year to about $61.6 million, from $53 million in 2014, with property, fire, vehicle and medical insurance leading the way, the Insurance Association of Cambodia said yesterday. ...

Thailand’s Wave Entertainment Plc will expand its steak restaurant chain to Cambodia next year, according to reports in Thai media. ...

The government of the Southeast Asian kingdom wants to increase the number of Chinese tourists, with Macau investors perceived as a major catch.   ...

The ASEAN-Korea Centre held a Cambodia-Korea Investment Forum at the Raffles Le Royal Hotel in Phnom Penh, Cambodia, on Feb. 2. ...

JWD InfoLogistics Plc is planning to expand its business to the Cambodian market with the launch a real estate investment trust (REIT) worth 2 billion baht (about $56.4 million) this year to finance its expansion in ASEAN, according to a report in the Bangkok Post. ...

Australia-listed Southern Gold has completed its divestment of its Cambodia’s subsidiary Southern Gold Asia, saying there was little interest among its investors in the company and that it would focus on its Cannon gold mine in Western Australia, according to a press release from the ...

Japanese-owned Hotel Okura Co. Ltd. on Monday reached an agreement with TEHO Development Cambodia Pte. Ltd. – a subsidiary of Singapore-listed TEHO International – to develop and manage a luxury hotel in Phnom Penh as the company as part of its expansion in ASEAN, a ...

South Korean investment in Cambodia’s agricultural industry, especially its food-processing sector, could result in the export of more value-added products that could help transform the Kingdom’s economy, a senior official at the Council for the Development of Cambodia and Korean officials told an investment forum ...

Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. ...

Having managed various businesses in Cambodia for more than two decades now, Rithy Sear has earned a reputation for being ambitious, and rightly so. ...

Food and beverage company Park Café has sold a 30 percent stake in its company to Cambodia-Laos Development Fund (CLDF) for $3 million, and the investment will be used to expand its operations in the capital and the provinces, a senior executive of the company ...

The flow of Korean investment into Cambodia has been in the spotlight for more than a decade, primarily foreign direct investment in the construction and property sectors. Investment from the East Asian nation continues its rise, and in 2014 South Korean investment in Cambodia ranked ...

With the ASEAN Economic Community (AEC) expected to intensify business competition across the region, Thailand’s biggest industrial conglomerate expects to rise to the challenge under a new leader.Kan Trakulhoon is retiring as president and chief executive of Siam Cement Group (SCG) after a decade at ...

Chinese Ambassador Bu Jiangua re-affirmed China’s commitment to the “One Belt, One Road Initiative” yesterday at a symposium in the capital.  ...

SET-listed Siam Cement Group (SCG) will spend US$200 million to expand its investment in Cambodia from 2016-20.The focus will be on the cement and building materials sectors, which have strong potential to grow amid the Cambodian government’s policy of revving up infrastructure projects, said Kan ...

Sara Lamsam, president and chief executive officer, said yesterday that the company has formed a 49:51 joint venture called Sovannaphum Life Assurance with its partner Canadia Investment Holding, the holding company of Canadia Bank, Cambodia’s second-largest bank. ...

The new Telecom Law recently approved by the Senate will open the sector for more investment as the government moves to ensure infrastructure for telecom services is provided nationwide by 2020, a senior official told a regional telecom forum yesterday.  ...

Grow Asia, a multi-stakeholder partnership focused on sustainable and inclusive agriculture in the ASEAN region, is seeking to expand to Cambodia by 2016 to help small-scale farming develop into commercial agriculture and to strengthen the agriculture sector, a senior executive from Grow Asia said. ...

Chinese Investors from Sichuan Province in Western China are seeking out investment opportunities in Cambodia, a senior official from the China Council for the Promotion of International Trade (CCPIT) Sichuan Council said yesterday at a meeting in the capital. Investment would be focused on infrastructure ...

SET-listed Major Cineplex Group Plc has earmarked 1.2 billion baht to open 100 new cinemas nationwide next year in a bid to boost revenue by 10-15%.The investment budget will not cover further expansion in Cambodia, Laos, Myanmar and Vietnam, which will be made through partnerships ...