Investment

Japan’s Sumi Wiring Systems Co Ltd launched production of automobile wiring this month, a company official said yesterday. Japanese companies such as Sumi and Minebea, a ball-bearings maker, have helped Cambodia’s manufacturing industry diversify away from garments, the country’s main manufacturing product and export, and Prime Minister Hun Sen ...

The Phnom Penh Municipality opened a new port for boat operators along the riverside in Daun Penh district yesterday in an effort to regulate operations, keep the river clean, and ensure customer safety. The new port comes three years after City Hall banned boats from docking ...

Opposition parliamentarian Mu Sochua has taken aim at Australian mining companies eyeing the Kingdom’s resources, travelling to their home soil to lobby the halls of power. Mu Sochua cited fears that Australian companies awarded exploration concessions in Ratanakkiri and Mondulkiri provinces will treat ethnic minorities there ...

Cambodia’s stock market, which is set to open next week after several delays, may be able to lure five-to-10 initial public offerings a year, according to Korea Exchange Inc., the Cambodian government’s partner in the bourse. State-owned Phnom Penh Water Supply Authority (PPWSA) will start trading ...

MARUHAN Japan Bank will be the next to join a growing list of Cambodian banks that provide cross-border remittance in Chinese yuan. The move by the Japanese-owned bank is part of a greater push to promote trade with China throughout the region, according to a statement ...

A Chinese company from Yunnan province will invest $100 million to build a rice mill and processing plant in Cambodia with a local firm and export 200,000 tons of milled rice to China beginning this year, officials said yesterday. The Yunnan Pan-Asia Agricultural Cooperation and Development ...

Revenues earned by the Sihanouk Autonomous Port for the first quarter of this year jumped 22 per cent year-on-year to US$8.3 million, according to figures released yesterday by SAP. Exports of the Kingdom’s rice, garments and timber, coupled with imports of textiles, electronics and construction materials, ...

Unless Cambodian exporters find new routes to China, a proposed doubling of bilateral trade to US$5 billion by 2017 would mean little more than increased Chinese goods and investment flooding into the Kingdom. Chinese investments and imports dominated bilateral trade with Cambodia, which was worth about ...

Cambodian officials are pushing the country’s small- and medium-sized enterprises to prepare for a potential increase in demand expected with the establishment of the ASEAN Economic Community by 2015. ...

The Cambodian Alliance of Trade Unions (CATU) sent a letter to the Ministry of Labor yesterday requesting that all of the country’s factory owners pay workers their salary earlier than usual ahead of Khmer New Year. Workers are normally paid on the fifth to the ...

As Europe continues to navigate its way through a two-year debt crisis, EU Trade Commissioner Karel De Gucht yesterday sought to put Europe at the center of Southeast Asia’s future at the EU-Asean Business Summit in Phnom Penh, and urged EU investors to take advantage ...

Cambodia’s exports to the European Union increased by 40 per cent to a total value of US$1.3 billion in 2011, according to European Trade Commissioner Karel De Gucht, who is in Phnom Penh for the ASEAN-EU Business Summit. “I think it is fair to say ...

About half of the land concessions granted since 1994 are in the hands of Chinese companies, according to data released yesterday by the Cambodian Center for Human Rights. Ouch Leng, CCHR land reform project coordinator, said that from 1994 to 2012, the Cambodian government granted 4,615,745 ...

Investors should be cautious when pursuing the opportunities for growth present in Myanmar and Cambodia, Southeast Asia’s frontier markets, Templeton Asset Management Ltd. said. In Cambodia, state-owned Phnom Penh Water Supply Authority will have its initial public offering this month, making it the first to ...

The Svay Rieng Provincial Court yesterday questioned two of the three female garment factory workers who were shot during a protest at a special economic zone (SEZ) in Bavet City in February, the provincial prosecutor said yesterday. Keo Nea, 18; Bun Chenda, 21; and Nuth Sokhorn, ...

Myanmar’s moves toward economic and political reform would not subtract from Cambodia’s regular stream of foreign investment, experts and insiders said – at least not in the short run. Word of an investor-friendly Myanmar has spread quickly with the US’s partial waiver on trade sanctions in ...

Diamond Island Development Co Ltd, owned by Canadia Bank, yesterday bought a 15 per cent stake in Investment and Development Company of Cambodia (IDCC)’s Cambodia-Vietnam Insurance Plc. The companies declined to give the value of the stake. Ngay Mengly, sales officer at Cambodia-Vietnam Insurance Plc, said ...

BETAGRO Group, one of Thailand’s largest integrated agro-industry businesses, announced this week that its US$16.3 million animal feed plant in Cambodia is 95 percent complete. The plant, 12 kilometers from Phnom Penh, will initially produce 12,000 tonnes of animal feed per year, but that number ...

About 50 people protested in front of Pailin Provincial Hall yesterday against a government plan to turn their farmland in Sala Krao district into a special economic zone (SEZ), villagers and officials said. “It is the villagers that abuse the government land. They took the ...

The upcoming visit of Chinese president Hu Jintao to Cambodia next week will build closer ties between the two countries, China and ASEAN as the visit is coincided with the 20th ASEAN Summit, said a senior official Sunday. The visit will also create more confidence among ...

A Ford assembly plant in Preah Sihanouk province will supply Cambodia’s limited but growing car market, the American carmaker’s local representative RMA Cambodia announced yesterday. The US$3 million investment, wholly owned by RMA, has a capacity of up to 6,000 vehicles per year, and is expected ...

The government last month granted four companies a total 23,000 hectares of land concessions for agro-industry projects and a special economic zone (SEZ), according to human rights groups, which said it obtained the information from government documents. An additional 500 hectares inside a wildlife sanctuary were ...

Svay Rieng Provincial Prosecutor Hing Bunchea said yesterday that he had summoned two of the three women shot at a Bavet City special economic zone (SEZ) for questioning next week, and denied accusations that investigators were dragging their feet on the case. Rights groups continued to ...

Enthusiasm about the start of trading at the exchange, which opened last July without a single listed company, extends beyond the borders of the Southeast Asian country. Investors including Templeton Emerging Markets Group Chairman Mark Mobius said they plan to participate in Cambodia’s stock market ...