Investment

The Shenzhen Urban Planning and Design Institute has been commissioned to undertake a masterplan to transform Sihanoukville into a modern sprawling metropolis, using the Shenzhen experience as its secret recipe. ...

US embassy Deputy Chief of Mission Michael Newbill met with Preah Sihanouk provincial governor Kuoch Chamroeun on Wednesday to strengthen cooperation as the US wants to bring investors to the province. ...

The government welcomes investment from Germany in the Kingdom’s solar and renewable energy sector as local demand for electricity continues to rise between 15 to 20 per cent annually, Ministry of Mines and Energy official Victor Jona said on Tuesday in Phnom Penh. ...

Chinese Prime Minister Li Keqiang has agreed to a request from Cambodia to provide financial support for the development of Preah Sihanouk province. The request was made on Sunday by Prime Minister Hun Sen on the sidelines of the 35th Asean Summit and Related Summits ...

The Cambodian government has called on more US investors to build economic and trade relations with the Kingdom, the Ministry of Commerce said. The call was made at a meeting between the US Ambassador to Cambodia Patrick Murphy and Minister of Commerce Pan Sorasak during the ...

The latest release of the World Bank’s ease of doing business index puts Cambodia in the 144th spot out of 190 countries, a drop of six places from a year ago. The 2019 ease of doing business index ranked the Kingdom 138th out of 190 ...

Investment in construction in the Kingdom reached a new high during the first nine months of the year, amounting to $6.5 million, according to the latest government report. From January to September, investment in the sector grew by 34.7 percent compared with the same period last ...

The Council for the Development of Cambodia, a government agency that oversees investment, last week approved a large-scale tourism project in Siem Reap. ‘Cambodia-China Cultural Park,’ the project will be developed by Angkor International Culture Investment & Development (Cambodia) Co., Ltd with a capital of ...

The Council for the Development of Cambodia (CDC) yesterday announced that it approved 831 investment projects, with a total investment capital of $22.5 billion, from 2016 to August 2019, according to its latest report. The report added that in the first eight months of the year, ...

Cambodia, which has shed its status of ‘Sick man of Asia’ is becoming more competitive economically, and the world is starting to notice it. The 2019 Global Competitiveness Report, which was released by the World Economic Forum (WEF) on Oct 8, ranked Cambodia 106th out of ...

Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...

The Council for the Development of Cambodia (CDC) last week approved two Chinese-invested hotel projects in Sihanoukville worth $379 million, it said in a Facebook post. The two five-star hotels by Xigang V-Continent International Investment Co Ltd and Hai Gang Grand Hotel Co Ltd have ...

The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...

The EU and Germany have committed to help strengthen Cambodia’s economic integration with Asean member states by providing a €9.35 million ($10.5 million) fund to boost the Kingdom’s trade and investment in the region. The pledge falls under the Asean Regional Integration Support – Cambodia ...

While Cambodia welcomes an ongoing influx of Chinese tourists, investment and development, the world at large increasingly suspects that China is launching a military build-up in the country for stronger Chinese influence in Southeast Asia. Dara Sakor, a new China-backed coastal resort in Koh Kong ...

The Council for the Development of Cambodia (CDC) has urged relevant parties to increase efforts to attract more foreign investors to border areas. CDC secretary-general Sok Chenda Sophea said to achieve this, it is necessary to develop infrastructure there such as special economic zones (SEZ), ...

The official website of the Cambodian Embassy in Japan reported that Cambodian Ambassador Ung Rachana hosted the opening ceremony for the Japan-Cambodia Culture and Business Council (JCBC) on Tuesday. ...

The government approved $5.2 billion worth of investment in the first half of 2019, a 48.5 percent hike compared to the corresponding period last year, with officials claiming the figure reflects investors’ growing confidence in the country. ...

Cambodia’s economy has seen an influx of business investors from China, which has driven demand for housing and hospitality services in the Southeast Asian nation. Two million Chinese visited the country last year, an increase of around 67 per cent from 2017. They represented the ...

The Garment Manufacturers Association in Cambodia (GMAC) has warned that increasing industrial action is harming the investment climate as the threat of the Kingdom losing access to the EU’s “Everything But Arms” (EBA) agreement looms. ...

The Cambodia Development Council (CDC) has approved more than $1.8 billion in investment projects during the first six months of this year, research by The Post has shown. According to its calculations, the CDC’s data shows that during the period from January to this week, ...

A group of South Korean delegates on Monday announced that it was seeking to invest in six priority areas in the Kingdom, a move aimed at boosting trade between the two countries. The plans were discussed during a meeting between the Council of Development of Cambodia ...

The Council for the Development of Cambodia (CDC) last week approved 11 projects worth nearly $600 million. According to a post on CDC’s Facebook page yesterday, 11 projects were greenlighted on June 5-7, amounting to a total investment of $597 million. CDC estimates the projects will generate ...

Investment in the garment and footwear sector, one of Cambodia’s economic pillars, is growing at a slightly slower pace in 2019 compared to last year, according to an official from the Garment Manufacturers Association in Cambodia (GMAC).​ The deceleration is likely the result of the ...