Economy and commerce
Investment
Tourism industry eyes Russia
The Tourism Ministry has outlined the potential of tourism services and investment opportunities to Russia, hoping to attract tourists and investments to Cambodia. ...
Chea Vannak
http://www.khmertimeskh.com/news/39752/tourism-industry-eyes-russia/
China’s squeeze on capital outflow felt in Cambodia
Stringent capital controls imposed by China’s central bank last November that scrutinise the outbound flow of money from the mainland have created uncertainty for Chinese investors looking at the Cambodian market and could jeopardise future and existing projects. ...
Kali Kotoski and Brian Ng
http://www.phnompenhpost.com/business/chinas-squeeze-capital-outflow-felt-cambodia
Agriculture expo expected to draw Chinese investors
More than 1,000 Chinese investors and businessmen will soon come to Cambodia to seek investment partnerships with their Cambodian counterparts during the inaugural International Agriculture Products and Expository conference on Koh Pich Island. ...
Sok Chan
http://www.khmertimeskh.com/news/39529/agriculture-expo-expected-to-draw-chinese-investors/
Equity fund takes stake in iCare
A Singapore-based private equity fund manager has acquired a significant minority stake in iCare Benefits (Cambodia) Co Ltd, an employee benefits programme offered to enterprises that operate in the Kingdom. ...
Kali Kotoski
http://www.phnompenhpost.com/business/equity-fund-takes-stake-icare
Jet’s to expand night market
Following the popularity of Cambodia’s first-ever container night market, the company behind the project said it is investing an additional $500,000 to expand the open-air facility with an annex scheduled to open next month. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/jets-expand-night-market
Korean chain Lotteria opens fifth local branch
South Korean food chain Lotteria, operated locally by Yinkok Food Corp, has expanded in Phnom Penh with its fifth branch opening in Dem Tkov market, according to a local media report yesterday. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/korean-chain-lotteria-opens-fifth-local-branch
Investor interest still strong, says report
Cambodia is one of the emerging nations that attracts foreign investors in the real estate sector, thanks to its growth and good performance, according to a recent report from PropertyGuru. ...
Sum Manet
http://www.khmertimeskh.com/news/38915/investor-interest-still-strong--says-report/
Makro supermart to open before year end
A branch of the cash and carry supermarket Makro will open in Phnom Penh by the end of the year after construction kicked off at an official groundbreaking ceremony yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/38838/makro-supermart-to-open-before-year-end/
Makro breaks ground on capital’s first wholesale retail warehouse
Makro Cambodia, the local arm of international cash-and-carry wholesaler Makro, held a groundbreaking ceremony yesterday for construction of its first outlet in the Kingdom, which is expected to launch operations in December. ...
Hor Kimsay
http://www.phnompenhpost.com/business/makro-breaks-ground-capitals-first-wholesale-retail-warehouse
Pi Pay goes cashless with app
Cash may be king in Cambodia, but Pi Pay Asia is banking on rising smartphone penetration and an arsenal of digital payment solutions to help dethrone it.The company’s soon-to-be-released mobile-phone application provides a one-stop platform for cashless transactions, digital money transfers and e-wallet solutions, while ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/pi-pay-goes-cashless-app
PM: Invest more in processing raw materials
Prime Minister Hun Sen called on investors to invest in the processing of raw materials to support the government’s 2015-2025 Industrial Development Policy (IDP). ...
Sum Manet
http://www.khmertimeskh.com/news/38736/pm--invest-more-in-processing-raw-materials/
Vertiv announces rebranding
Vertiv, formerly known as Emerson Network Power, officially announced its new branding on Wednesday in Cambodia to tap more markets in the country’s fast developing economy.Vertiv is a global provider of infrastructure technologies for vital applications in data centres, communication networks, and commercial and industrial ...
Sum Manet
http://www.khmertimeskh.com/news/38734/vertiv-announces-rebranding/
Opportune time to tap growing Chinese market in Sihanoukville
Following the steady rise of tourism in Sihanoukville, property development in the coastal town is heavily targeting the nonstop influx of Chinese flocking to the area.Although Sihanoukville has, in recent times, been synonymous with a growing number of Chinese tourists, currently it is going through ...
Vandy Muong
http://www.phnompenhpost.com/post-property/opportune-time-tap-growing-chinese-market-sihanoukville
Livelihood incentive for workers as industrial park enters JV
Having carved its niche in offering residential and commercial elements within its industrial park, Le Urban Eco Park (LUEP) entered into a joint venture with two Singaporean companies last month to further develop its commercial aspect. ...
Hanamariya Halim
http://www.phnompenhpost.com/post-property/livelihood-incentive-workers-industrial-park-enters-jv
Singapore delegation meets CDC
More than 40 business delegates from the Singapore-China Chamber of Commerce and Industry yesterday met the secretary-general of the Council for the Development of Cambodia (CDC) to discuss potential investments and seek local business partners. ...
Sok Chan
http://www.khmertimeskh.com/news/38688/singapore-delegation-meets-cdc/
Construction industry sees 43 percent investment increase
Investment in Cambodia’s booming construction industry increased by 43.3 percent over the first four months of the year compared to the same period last year, according to data released by the Land Management Ministry on Tuesday. ...
Chhorn Phearun
https://www.cambodiadaily.com/news/130298-130298/
Drop ICT tariffs to grow: study
Cambodia could add an additional $320 million to the economy over the next 10 years while increasing tax revenue by $24 million if it dropped its tariffs on information and communication technology (ICT), according to new research published yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/drop-ict-tariffs-grow-study
Lottery hopes to soar on Wing network
Mohaleap Lotto, a subsidiary of Cambodia’s Royal Group, officially entered the Kingdom’s lottery gaming market this month, hoping to disrupt a business sector currently dominated by black market outlets, a company executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/lottery-hopes-soar-wing-network
Kingdom’s largest wholesale outlet to kick off end of 2017
Earlier this month, Makro, a well-known wholesale supermart based in Bangkok, Thailand, began putting up signs on the zinc walls surrounding its sales office in Phnom Penh’s Sen Sok district, advertising its imminent opening at the end of the year. ...
Moeun Nhean
http://www.phnompenhpost.com/post-property/kingdoms-largest-wholesale-outlet-kick-end-2017
Steady FDI helps keep economy on course
Total foreign direct investment receipts have remained consistent over the past five years, according to a new government report that incorporates central bank data. ...
Hor Kimsay
http://www.phnompenhpost.com/business/steady-fdi-helps-keep-economy-course
SDIP set to mobilise infrastructure funding
Cambodia hopes to leverage its membership in the Sustainable Development Investment Partnership (SDIP) to access much-needed funding for large-scale infrastructure development, state officials have said. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sdip-set-mobilise-infrastructure-funding
Chinese FDI to flow in on Silk Road
Cambodia could see massive investments as a result of China’s latest pledge to funnel an enormous sum into developing infrastructure as part of its New Silk Road initiative, an analyst said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/chinese-fdi-flow-silk-road
Calls to halt ‘reforestation’ plan
Fourteen community representatives speaking for thousands of families yesterday petitioned the South Korean Embassy, Environment Ministry and Forestry Administration to halt the expansion of a controversial “reforestation” project by a Korean company situated between the protected Prey Lang forest and Mekong River. Their petition – ...
Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/calls-halt-reforestation-plan
Local coffee sector gets a jolt
Several international and local coffee industry representatives gathered yesterday for the start of a three-day event promoting partnerships and franchising opportunities to satisfy Cambodia’s growing coffee cravings. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/local-coffee-sector-gets-jolt