Economy and commerce
Investment
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
Another Kep island set for development project: CDC notice
The Council for the Development of Cambodia (CDC) on September 30 announced that it had agreed to issue a final registration certificate to Try Pheap Koh Tunsay Resorts Co Ltd for a new island development project – this time on the 14ha Koh Tbal Island ...
Hin Pisei
https://www.phnompenhpost.com/business/another-kep-island-set-development-project-cdc-notice
Cambodia, China boost construction of Siem Reap-Angkor International Airport
A group of Chinese experts from the Angkor International Airport Investment (AIAI) Company are in Cambodia to complete the construction and discuss the transfer plan, as the project is scheduled to be completed in March 2023. ...
Sok Sithika
https://www.khmertimeskh.com/501160323/cambodia-china-boost-construction-of-siem-reap-angkor-international-airport/
Cambodia, UK reaffirm ties as trade surges 44%
Cambodia and the UK have pledged to further boost trade cooperation after January-August bilateral trade soared more than two-fifths compared to the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-uk-reaffirm-ties-trade-surges-44
Jan-Jun investment capital hike raises trade, production hopes
The nearly 160 per cent surge in investment capital behind a slew of new large-scale investment projects outside of Cambodia’s special economic zones (SEZ) reported for the first half of 2022 has fanned optimism for a boom in production and exports – underpinned by favourable ...
Hin Pisei
https://www.phnompenhpost.com/business/jan-jun-investment-capital-hike-raises-trade-production-hopes
South Korean investor body explores local opportunities
Cambodia is looking to drum up interest among Korean investors in the production of goods in the Kingdom for export to their home market, and push bilateral trade beyond current levels – $549.930 million in the first eight months of 2022, up by 6.42 over ...
Hin Pisei
https://www.phnompenhpost.com/business/south-korean-investor-body-explores-local-opportunities
Cambodia’s New Investment Law does not discriminate between domestic and foreign investors
An International Monetary Fund (IMF) team led by Alasdair Scott said “The Cambodian economy has been recovering, but faces new challenges. ...
Khmer Times Staff
https://www.khmertimeskh.com/501155851/cambodias-new-investment-law-does-not-discriminate-between-domestic-and-foreign-investors/
Gov’t to issue bonds for second time to borrow $50M from investors
The National Bank of Cambodia (NBC) will proceed with another auction process for the Ministry of Economy and Finance (MEF) to borrow about $50 million from investors for the second time of the government’s plan of issuance for a longer period of time of repayment ...
Kang Sothear
https://www.khmertimeskh.com/501154678/govt-to-issue-bonds-for-second-time-to-borrow-50m-from-investors/
Pakistan’s President underscores importance to realize investment, trade, business potential with Cambodia
President Dr Arif Alvi has underscored the need for fully realizing the immense potential for investment, trade and business between Pakistan and Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501154902/pakistans-president-underscores-importance-to-realize-investment-trade-business-potential-with-cambodia/
Three new investment projects worth $16.5 million approved
The Council for the Development of Cambodia (CDC) has approved three new investment projects with a total capital of $16.5 million in Kampong Speu province and Phnom Penh capital. ...
Khmer Times Staff
https://www.khmertimeskh.com/501149801/three-new-investment-projects-worth-16-5-million-approved/
CDC approves 149 Japanese investment projects as of August 2022
The Council for the Development of Cambodia (CDC) has approved 149 Japanese investment projects with a total investment capital of about $2.9 billion as of August 2022. ...
Khmer Times Staff
https://www.khmertimeskh.com/501147989/cdc-approves-149-japanese-investment-projects-as-of-august-2022/
Cambodia gets $3.3B in foreign investment
Cambodia received almost $3.3 billion for 123 foreign investment projects from January to August this year, according to data by the Council for the Development of Cambodia (CDC). ...
Chea Vanyuth
https://www.khmertimeskh.com/501146129/cambodia-gets-3-3b-in-foreign-investment/
Cambodia permits projects worth over $140 million, including in textiles
The Council for the Development of Cambodia (CDC), which is Cambodia’s highest decision-making body for large-scale investments, has given the go-ahead to 17 investment projects involving a total of $141.72 million – plus or minus $0.805 million to account for rounding – that are expected ...
Khmer Times Staff
https://www.khmertimeskh.com/501145062/cambodia-permits-projects-worth-over-140-million-including-in-textiles/
CDC greenlights 17 projects worth over $140M in Aug as investments diversify
The Council for the Development of Cambodia (CDC) has approved five new projects in solar panel manufacturing, healthcare, tourism, mining, and textiles, with total investment of more than $82 million that are expected to create nearly 2,000 jobs. ...
Sihanoukville property owners in limbo as unfinished high-rises litter the city
In 2018, Kheav Sothanny leased his 600 square meters of land in central Sihanoukville to a Chinese investor to build a 14-storey condo. The contract offered him a rental fee of $20,000 a month. ...
Sorn Sarath
https://cambojanews.com/sihanoukville-property-owners-in-limbo-as-unfinished-high-rises-litter-the-city/
JETRO visit raises Japanese investment hopes
The Council for the Development of Cambodia (CDC) says it has greenlit a total of 148 Japanese investment project proposals planned outside of the Kingdom’s special economic zones (SEZ) as of July 31 worth about $2.85 billion since its establishment on August 5, 1994. ...
Hom Phanet
https://www.phnompenhpost.com/business/jetro-visit-raises-japanese-investment-hopes
Cambodia, UNDP jointly launch SDG Investor Map to accelerate sustainable development
The Cambodian government and the United Nations Development Program (UNDP) on Wednesday jointly launched the Cambodia SDG Investor Map, a market intelligence tool that identifies viable investment opportunity areas aligned with the Cambodia Sustainable Development Goals (SDGs). ...
Khmer Times Staff
https://www.khmertimeskh.com/501142950/cambodia-undp-jointly-launch-sdg-investor-map-to-accelerate-sustainable-development/
Association disputes ‘crime haven’ tag as trafficking reports mount
The Federation of Khmer Chinese in Cambodia on Wednesday disputed international media characterizations of the country as a haven for criminal syndicates as attention grows on human trafficking at scam compounds. ...
VOD Staff
https://vodenglish.news/association-disputes-crime-haven-tag-as-trafficking-reports-mount/