Investment

Thailand’s Wave Entertainment Plc will expand its steak restaurant chain to Cambodia next year, according to reports in Thai media. ...

The government of the Southeast Asian kingdom wants to increase the number of Chinese tourists, with Macau investors perceived as a major catch.   ...

Efforts to integrate of Southeast Asia’s economies are beginning to bear fruit, experts say, although there is some way to go before the goal of turning the region into a single market and production base can be reached. ...

The ASEAN-Korea Centre held a Cambodia-Korea Investment Forum at the Raffles Le Royal Hotel in Phnom Penh, Cambodia, on Feb. 2. ...

JWD InfoLogistics Plc is planning to expand its business to the Cambodian market with the launch a real estate investment trust (REIT) worth 2 billion baht (about $56.4 million) this year to finance its expansion in ASEAN, according to a report in the Bangkok Post. ...

Australia-listed Southern Gold has completed its divestment of its Cambodia’s subsidiary Southern Gold Asia, saying there was little interest among its investors in the company and that it would focus on its Cannon gold mine in Western Australia, according to a press release from the ...

Japanese-owned Hotel Okura Co. Ltd. on Monday reached an agreement with TEHO Development Cambodia Pte. Ltd. – a subsidiary of Singapore-listed TEHO International – to develop and manage a luxury hotel in Phnom Penh as the company as part of its expansion in ASEAN, a ...

Investments in Cambodia grew by 18 per cent last year, with a bulk of this capital flowing into the infrastructure, agriculture and tourism projects, the Council for Development of Cambodia announced yesterday. ...

South Korean investment in Cambodia’s agricultural industry, especially its food-processing sector, could result in the export of more value-added products that could help transform the Kingdom’s economy, a senior official at the Council for the Development of Cambodia and Korean officials told an investment forum ...

Cambodian casino operator NagaCorp Ltd. posted a net profit of $172.6 million last year, a 27 per cent increase over the previous year, attributing the surge to increased business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh. ...

Having managed various businesses in Cambodia for more than two decades now, Rithy Sear has earned a reputation for being ambitious, and rightly so. ...

Cambodian entrepreneurs and business leaders on Saturday stressed the challenges for firms in the hospitality and retail sectors that adopt an aggressive pricing policy, suggesting a more value-added approach instead.   ...

Food and beverage company Park Café has sold a 30 percent stake in its company to Cambodia-Laos Development Fund (CLDF) for $3 million, and the investment will be used to expand its operations in the capital and the provinces, a senior executive of the company ...

The flow of Korean investment into Cambodia has been in the spotlight for more than a decade, primarily foreign direct investment in the construction and property sectors. Investment from the East Asian nation continues its rise, and in 2014 South Korean investment in Cambodia ranked ...

With the ASEAN Economic Community (AEC) expected to intensify business competition across the region, Thailand’s biggest industrial conglomerate expects to rise to the challenge under a new leader.Kan Trakulhoon is retiring as president and chief executive of Siam Cement Group (SCG) after a decade at ...

Share prices of Phnom Penh Autonomous Port (PPAP), Cambodia’s second-largest port, have been rising steadily since their December 9 debut, while the volume of shares changing hand has been heavier compared to the two other companies listed on the Cambodia Securities Exchanges (CSX), officials say.  ...

SK Hynix announced on Dec. 21 that its employees, who were taking part in the overseas training program for outstanding employees, did volunteer work for the underprivileged in Cambodia. ...

Chinese Ambassador Bu Jiangua re-affirmed China’s commitment to the “One Belt, One Road Initiative” yesterday at a symposium in the capital.  ...

SET-listed Siam Cement Group (SCG) will spend US$200 million to expand its investment in Cambodia from 2016-20.The focus will be on the cement and building materials sectors, which have strong potential to grow amid the Cambodian government’s policy of revving up infrastructure projects, said Kan ...

Sara Lamsam, president and chief executive officer, said yesterday that the company has formed a 49:51 joint venture called Sovannaphum Life Assurance with its partner Canadia Investment Holding, the holding company of Canadia Bank, Cambodia’s second-largest bank. ...

East China’s Jiangsu province on Wednesday opened a trade and economic representative office in the Sihanoukville Special Economic Zone (SSEZ) in southwest Cambodia, aiming to further boost trade and investment ties between the two countries. ...

Cambodian officials and private sector representatives met a visiting Indian business delegation yesterday to pitch for more Indian investment in the country and to explore ways of increasing the relatively low level of bilateral trade and investment. ...

The new Telecom Law recently approved by the Senate will open the sector for more investment as the government moves to ensure infrastructure for telecom services is provided nationwide by 2020, a senior official told a regional telecom forum yesterday.  ...

The General Department of Taxation (GDT) will continue collecting the annual road tax on vehicles due at the end of last month until the end of the year, but will start cracking down on late payments on January 1, it announced. The taxes can be ...