Economy and commerce
Investment
$4.685 billion investment projects approved in 2022
The Council for the Development of Cambodia (CDC) approved fixed asset investment projects worth over $4.685 billion in 2022, up 7 percent as compared to a year before. ...
Chea Vanyuth
https://www.khmertimeskh.com/501216023/4-685-billion-investment-projects-approved-in-2022/
FDI inflow to Cambodia increases by 7.7 percent in 2022 despite global uncertainty
Cambodia attracted fixed-asset investment of $4.68 billion in 2022, up 7.5 percent from $4.35 billion in a year earlier, a Council for the Development of Cambodia’s report showed on Friday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501215425/fdi-inflow-to-cambodia-increases-by-7-7-percent-in-2022-despite-global-uncertainty/
Big $0.3B tyre plant finished ‘by May’
Construction work on a massive tyre factory in Sihanoukville Special Economic Zone (SSEZ) is expected to be completed by May, according to Preah Sihanouk Provincial Administration spokesman Kheang Phearom on January 3. ...
May Kunmakara
https://www.phnompenhpost.com/business/big-03b-tyre-plant-finished-may
International brand plans local jewellery factory
A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. ...
Hin Pisei
https://www.phnompenhpost.com/business/international-brand-plans-local-jewellery-factory
Workers, families feel rising market’s pressure: Economy 2022
As Cambodia touted recovering trade and GDP growth, thousands took to the streets this year over repression at work or struggles in the market. The year marked a return to money and goods flowing quickly and unevenly, as the country faced reports of rising poverty and ...
Michael Dickison
https://www.vodkhmer.news/2022/12/30/workers-families-feel-rising-markets-pressure-economy-2022/
Greed for land consumes lakes, forests: Environment 2022
Timber, monkeys, orchids, sand: Cambodia’s protected areas and natural resources continue to be a lucrative source of income, in spite of all the promises (and international funding) to protect them. Above all else, the hunger for land has consumed Cambodians and foreigners alike, triggering a constant ...
Danielle Keeton-Olsen
https://vodenglish.news/greed-for-land-consumes-lakes-forests-environment-2022/
High end fashion designer decides on Cambodia as their investment destination
A delegation from a high-end fashion and accessories producer has decided on Cambodia as their investment destination. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212977/high-end-fashion-designer-decides-on-cambodia-as-their-investment-destination/
China’s BRI greatly benefits Cambodia, other participating countries, says Cambodia’s Prime Minister
Cambodian Prime Minister Hun Sen said here on Monday that the Belt and Road Initiative (BRI) has provided a lot of tangible benefits to his country and other participating countries. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212941/chinas-bri-greatly-benefits-cambodia-other-participating-countries-says-cambodias-prime-minister/
More than one million vehicles travelled on Chinese-invested expressway in Cambodia in 3 months
More than 1 million vehicles had travelled on Cambodia’s first-ever expressway in the first three months since its inauguration in October last year, according to data released by the freeway operator on Monday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212948/more-than-one-million-vehicles-travelled-on-chinese-invested-expressway-in-cambodia-in-3-months/
2,534 high-rise buildings completed by 2022
According to a study issued on December 27, the Ministry of Management stated that from 2000 until November this year, 2,534 high-rise structures were constructed, including 1,674 in Phnom Penh, 685 in Sihanoukville, 131 in Banteay Meanchey, and 43 in other places. Among the high-rise buildings, ...
Mao Sreypich
https://kiripost.com/stories/2534-high-rise-buildings-completed-by-2022
Sihanoukville port’s earnings fall 2.75%
According to a report issued by Sihanoukville Autonomous Port, it earned more than 85,117 million riels, equivalent to roughly $65 million, in the first nine months of 2022, marking a 2.75 percent decrease from the same period in 2021. ...
Mao Sreypich
https://kiripost.com/stories/sihanoukville-ports-earnings-fall-275
Condo oversupply persists amid low FDI and foreign buyers
Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...
Sangeetha Amarthalingam
https://kiripost.com/stories/condo-oversupply-persists-amid-low-fdi-and-foreign-buyers
2022 marks another fruitful year of Cambodia-China cooperation
The year of 2022 marked another fruitful year of pragmatic cooperation between Cambodia and China as the two countries have enjoyed bigger trade and investment volumes, officials and academics said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501212286/2022-marks-another-fruitful-year-of-cambodia-china-cooperation/
Ten new projects to create more than 8,000 jobs: CDC
The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...
May Kunmakara
https://www.phnompenhpost.com/business/ten-new-projects-create-more-8000-jobs-cdc
CDC approves four investment projects
The Cambodia Special Economic Zone Committee of the Council for the Development of Cambodia (CDC) issued the certificate of registration for four companies. ...
Adur Pradeep
https://www.khmertimeskh.com/501208969/cdc-approves-four-investment-projects/
China-backed 700MW coal power station online: HSPGC
Huadian Sihanoukville Power Generation Co Ltd (HSPGC), under China’s Huadian Overseas Investment Co Ltd, on December 16 officially put online the “number-two unit” of its 700MW coal-fired HSPGC Power Plant in Preah Sihanouk province, after a successful commissioning test, making it the largest power station ...
May Kunmakara
https://www.phnompenhpost.com/business/china-backed-700mw-coal-power-station-online-hspgc
PM Hun Sen welcomes investment plan on clean energy production in Cambodia
Hun Sen, Prime Minister of the Kingdom of Cambodia, spoke highly of the investment direction of Charoen Pokphand (CP) Group and Soma Group on clean energy production in Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501204963/pm-hun-sen-welcomes-investment-plan-on-clean-energy-production-in-cambodia/
PP-Bavet Expressway agreement finalised
The Public-Private Partnership Contract (PPP) for the Phnom Penh-Bavet Expressway project worth about $1.63 billion has been finalised and ready for signing between the government and the private developer in a ceremony to be held in early 2023 after all the clauses of the contract ...
Kang Sothear
https://www.khmertimeskh.com/501202640/pp-bavet-expressway-agreement-finalised/
DPM Prak Sokhonn says Cambodia-ROK FTA to further enhance healthy bilateral economic cooperation
The Cambodia-Republic of Korea (ROK) Free Trade Agreement that has entered into force on Dec. 1 this year, will further enhance the current healthy bilateral economic cooperation, particularly on trade and investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198790/dpm-prak-sokhonn-says-cambodia-rok-fta-to-further-enhance-healthy-bilateral-economic-cooperation/
A new garment factory project approved by CDC
The Council for the Development of Cambodia (CDC) has granted green light to a new investment project proposed by Textstar Garment (Cambodia) Co., Ltd. ...
Khmer Times Staff
https://www.khmertimeskh.com/501198038/a-new-garment-factory-project-approved-by-cdc/
$164M five-star hotel greenlit for Sihanoukville
The government has approved Maritime City Co Ltd’s proposal to build and operate a $164.4 million development in Preah Sihanouk province comprising a 582-room five-star hotel, a commercial centre and entertainment facilities. ...
May Kunmakara
https://www.phnompenhpost.com/business/164m-five-star-hotel-greenlit-sihanoukville
Cement material exploration rights offered in Kampot
The government has issued an open invitation to apply for a 155ha mineral exploration licence in northern Kampot province that officials claim has great investment potential for cement production. ...
May Kunmakara
https://www.phnompenhpost.com/business/cement-material-exploration-rights-offered-kampot
PM Hun Sen calls for more Japanese investment
Prime Minister Hun Sen said Cambodia needs a stable investment from Japan to produce more items in the country and then export back to the Japanese market to scale up the level of existing relations between the two countries. He emphasised more infrastructure development and ...
Kang Sothear
https://www.khmertimeskh.com/501194903/pm-hun-sen-calls-for-more-japanese-investment/
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/