Economy and commerce
Investment
Construction begins on $1.5B Kampot seaport
The International Multi-Purpose Logistics and Port Centre, principally invested by Kampot Logistics and Port Co Ltd and projected to cost $1.5 billion, has officially broken ground in Bokor town, Kampot province. ...
Nov Sivutha
https://www.phnompenhpost.com/business/construction-begins-15b-kampot-seaport
CDC approves six new investment projects with an investment capital of over $150 million – including new Makro store
The Council for the Development of Cambodia (CDC) has approved six new investment projects with a total investment of more than $150 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501070414/cdc-approves-six-new-investment-projects-with-an-investment-capital-of-over-150-million/
Cambodia’s attractiveness in investment governance
The significance of investment governance for inclusive, sustainable development is often overlooked, including by stakeholders who work on natural resource governance and social and environmental issues. And yet, investment governance plays a major part in shaping the outcomes of their efforts. ...
Khmer Times Staff
https://www.khmertimeskh.com/501069662/cambodias-attractiveness-in-investment-governance/
Cambodia approves fixed asset investment projects worth $2.46 billion in 4 months
Cambodia approved 52 fixed asset investment projects worth $2.46 billion in the first four months of 2022, according to a report by the Council for the Development of Cambodia (CDC) on Tuesday. ...
Khmer Times Staff
https://www.khmertimeskh.com/501068949/cambodia-approves-fixed-asset-investment-projects-worth-2-46-billion-in-4-months/
China remains top in Kingdom’s FDI last year
China’s foreign direct investment was on the rise in Cambodia last year despite Covid-19, showing positive confidence of investors in Cambodia as the country fully resumed its socio-economic activities, particularly the bilateral trade pact. ...
Chea Vanyuth
https://www.khmertimeskh.com/501068035/china-remains-top-in-kingdoms-fdi-last-year/
CDC okays three textile-linked projects worth $19M
The Council for the Development of Cambodia (CDC) on April 29 announced that it had greenlit final registration certificates for three projects in textile-linked sectors with total capital investment of nearly $19 million that are expected to create 2,005 jobs. ...
Hom Phanet
https://www.phnompenhpost.com/business/cdc-okays-three-textile-linked-projects-worth-19m
Japan interested in Cosmetic Plant construction in Preah Sihanouk
Japan has expressed interest in investing on construction of a cosmetic plant in Preah Sihanouk province. ...
Khmer Times Staff
https://www.khmertimeskh.com/501066889/japan-interested-in-cosmetic-plant-construction-in-preah-sihanouk/
Three investment projects worth almost $20 million approved by CDC
The Council for the Development of Cambodia (CDC) said that it has issued investment project registration certificates to three companies worth almost $20 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/501066932/three-investment-projects-worth-almost-20-million-approved-by-cdc/
Kingdom lures Japanese investment
The Minister of Commerce has sought more Japanese investments in the Kingdom as Cambodia and Japan are keen to work on negotiations to possibly establish a bilateral free trade agreement. ...
Chea Vanyuth
https://www.khmertimeskh.com/501065840/kingdom-lures-japanese-investment/
Coastal communities wary as major development appears to progress
Fishing communities in Kampot and Kep provinces are under threat as a coastal tourism project linked to the wife of a government minister is reportedly moving forward, the Cambodian Center for Human Rights said. ...
Phin Rathana and Khut Sokun
https://vodenglish.news/coastal-communities-wary-as-major-development-appears-to-progress/
Cambodia’s FDI surges 11.2% to $41B in 2021
Foreign direct investment (FDI) inflows in Cambodia between mid-1994 and end-2021 amounted to 168.8 trillion riel ($41.0 billion), rising by 11.2 per cent from the end of 2020, with the Greater China area remaining the Kingdom’s top source market, according to a new report. ...
Hom Phanet
https://www.phnompenhpost.com/business/cambodias-fdi-surges-112-41b-2021
Firm wraps up study of waterborne logistic hub in capital
The China Road and Bridge Corporation (CRBC) has finished a feasibility study for the construction of a waterway and logistic facility along the Bassac River in Phnom Penh. ...
Rann Reuy
https://www.phnompenhpost.com/business/firm-wraps-study-waterborne-logistic-hub-capital
Kingdom’s new investments rise on Covid-19 handling law
A high percentage of the Covid-19 vaccinated population, and the new investment law put into force last year have helped increase the number of new investment projects in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501060981/kingdoms-new-investments-rise-on-covid-19-handling-law/
Garment workers protest factory’s move, fear shutdown
Around 300 garment workers from Canteran Apparel gathered on Veng Sreng Street in Chaom Chao commune’s Trapeang Thleung village of Phnom Penh’s Por Sen Chey district on April 19 to protest recent actions by the owner of the business. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/garment-workers-protest-factorys-move-fear-shutdown
Textile-related exports surge nearly a quarter to $3B in Q1
Cambodia exported more than $3 billion worth of garments, footwear, travel goods and other textile-related products in the first quarter of 2022, an increase of nearly a quarter compared to the same period last year, according to data from the General Department of Customs and ...
Hom Phanet
https://www.phnompenhpost.com/business/textile-related-exports-surge-nearly-quarter-3b-q1
Four new investment projects worth almost $32 million approved By CDC
The Council for the Development of Cambodia (CDC) has granted investment licences to four private companies. ...
Khmer Times Staff
https://www.khmertimeskh.com/501057077/four-new-investment-projects-worth-almost-32-million-approved-by-cdc/
Prince Bank invests additional $35 million in Techo International Airport Guaranteed Bond
Prince Bank Plc invested an additional $35 million – totalling $50 million – in the Techo International Airport (TIA) Guaranteed Bond on Thursday. ...
Preah Sihanouk plan’s Phase II ‘soon’
Preparation for the Preah Sihanouk Multi-Purpose Special Economic Zone masterplan is entering into the second phase, which illustrates the future of the plan, once the Ministry of Economy and Finance reviews and finalises the draft results from the report’s first phase. ...
Hom Phanet
https://www.phnompenhpost.com/business/preah-sihanouk-plans-phase-ii-soon
PM urges ministry to upgrade nat’l railways
Prime Minister Hun Sen has urged the transport ministry to find ways to upgrade the existing railway to a high-speed system in order to improve logistics infrastructure and facilitate Cambodia’s rapid socio-economic expansion. ...
Nov Sivutha
https://www.phnompenhpost.com/business/pm-urges-ministry-upgrade-natl-railways
Cambodia to get two new Makro stores in 2022: CEO
Thai discount wholesaler Siam Makro Pcl plans to spend 11 billion baht ($330 million) this year to expand its operations, and open two new Makro stores in Cambodia, 30 in Thailand and three in India, hoping to tap into soaring demand, according to group CEO ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-get-two-new-makro-stores-2022-ceo
PM: UNESCO Angkor rules kept, heritage ‘unaffected’
Prime Minister Hun Sen has reassured UNESCO and the International Coordinating Committee for Safeguarding and Development of the Historic Site of Angkor ( ICC-Angkor) that the heritage of Angkor remains unaffected by development, saying that Cambodia will follow the conditions under which the temple was ...
Lay Samean
https://www.phnompenhpost.com/national/pm-unesco-angkor-rules-kept-heritage-unaffected
Cambodia receives $2.4 billion worth of FDI in first three months of 2022
In the first three months of 2022, from January to March, the Council for the Development of Cambodia (CDC) approved a total of 43 investment projects under an investment of more than $2.4 billion. ...
Khmer Times Staff
https://www.khmertimeskh.com/501051822/cambodia-receives-2-4-billion-worth-of-fdi-in-first-three-months-of-2022/
Foreign companies reminded to register for VAT before April 1
The General Department of Taxation (GDT) has issued a reminder for foreign companies supplying digital goods, services or any e-commerce activity in Cambodia to fulfil the obligation for Simplified VAT Registration before the April 1 deadline or stand to face fines. ...
Hom Phanet
https://www.phnompenhpost.com/business/foreign-companies-reminded-register-vat-april-1
PM, Huawei regional chief talk IT development
Prime Minister Hun Sen has called on Chinese tech giant Huawei to continue to cooperate with the Ministry of Post and Telecommunications on training the local workforce and help Cambodia procure the latest technology to ensure cyber security and competition. ...
Hin Pisei
https://www.phnompenhpost.com/business/pm-huawei-regional-chief-talk-it-development