Investment

Cambodia’s taxation system fell five places on the World Bank’s 2015 Doing Business index (DBI). The index, which tallied up 230 business reforms from 189 economies, showed the ease of paying taxes in Cambodia has declined from position 85 in 2014 to 90 this year. Cambodia’s ...

Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday. “Starting a business in Cambodia requires 11 procedures, takes 101.0 days, costs 139.5 percent of income per capita and requires paid-in minimum ...

From the start, the project seemed impossibly ambitious: A $2-billion South Korean satellite city—complete with condominiums, office space, luxury villas, a shopping mall, health clinics, banks and an airport—on the outskirts of Phnom Penh. Claiming the land was not properly appraised, and that the decision ...

The World Bank and Asian Development Bank issued a report on Tuesday, urging Cambodia to improve its electricity supply and workforce in order to be competitive. Intermittent electricity, informal payments and a low-skill labor force are all major constraints to doing business in Cambodia, the ...

A key component of the enormous ING City satellite city south of Phnom Penh – Samdech Techo Hun Sen Boulevard – is nearing completion. It will also provide access to ING City – previously known as AZ City – which is being constructed on land ...

A luxury twin-condo with 35 floors and 256 units is set to appear just to the southeast of the Olympic Stadium by the end of 2017. Sky Villa is a large project developed by the Crystal Orange Construction, with a hefty $100 million of capital ...

Some two hundred villagers from Prey Veng and Svay Rieng provinces gathered yesterday and Wednesday to file complaints at the Svay Rieng provincial police station accusing the purported owner of a local water purification company of cheating them out of some $470,000 in investments. ...

Despite ongoing protests over the minimum wage in the garment industry and the political deadlock that lasted well in to July, Cambodia registered over 3,000 new businesses from January to September this year. The latest data from the Ministry of Commerce reveal there were 3,025 newly ...

Cambodian and Japanese investors have invested USD 10 millions to construct villas, flats and twin villas in Sen Sok district. ...

David Puttnam, the U.K.’s trade envoy to Cambodia and the producer of the 1984 film “The Killing Fields,” on Tuesday warned that Cambodia could go the way of war-torn Middle Eastern countries if it fails to make stability a priority. ...

Labor Minister Ith Sam Heng has agreed to appear before lawmakers today to answer questions about ongoing minimum wage negotiations for garment workers, a controversial draft union law and other pressing labor issues, according to the opposition CNRP. ...

Six Cambodian trade unions led around 1,000 garment workers to march through streets here on Sunday to demand a higher minimum wage as annual talks on a wage hike are scheduled for next month. ...

The International Monetary Fund (IMF) on Friday kept its projection for Cambodia’s economic growth rate at 7.2 percent this year and 7.3 percent next year. ...

Government denials over the rumored development of the Buddhist Institute have reached the highest levels, with the prime minister penning a letter to the king to assure him the land is not for sale. In a letter addressed to King Norodom Sihamoni dated October 6 and ...

A Sydney-listed company has pulled out of a share purchase deal to acquire the Roxy Casino in Bavet City, citing slack company procedures that suggest the casino “is not currently ready for public company life,” a filing to the stock exchange says. ...

Japanese and Korean tourists are being turned away from hotels in Siem Reap City due to an increase in bookings by Chinese visitors, Tourism Minister Thong Khon said on Wednesday. Speaking at the tourism industry’s three-day expo on Phnom Penh’s Koh Pich island on Wednesday, Mr. ...

As the World Bank considers supplying fresh loans to Cambodia, a new study uses the country as exhibit A for how the financier effectively sponsors corporate land grabs at the expense of the rural poor it purportedly helps. Three years ago, the bank’s own inspectors found ...

Apsara International Air, jointly owned by Chinese and Cambodian investors, on Wednesday started to operate daily domestic flights from the Cambodian capital to the tourist resort of Siem Reap. The airline operates with an Airbus-320 aircraft. ...

Cambodia launched its first full-scale public neuroscience centre at Calmette Hospital in the capital yesterday. The $10.8 million, 90-bed Centre De Neurosciences – complete with a neurosurgical ward and research unit – will seek to treat patients regardless of their ability to pay. ...

Cambodian casino operator NagaCorp Ltd has taken the step of reassuring investors about its casino licence rights in the country. It stated that the deal includes an exclusive right to operate a casino (NagaWorld, pictured) in the capital Phnom Penh, and the area within a ...

Global commercial real estate firm CBRE has put the call out for retail tenants for the new Parkson City Centre Mall, which stands to become the second foreign mall developer to open in the Kingdom in as many years. ...

As a new round of Cambodian wage negotiations approaches this month, major U.S. and European retailers who source from the country say they will be watching the talks carefully and want to see fair pay for workers. Representatives of the brands like Gap, Levi Strauss, and ...

Singapore-based KrisEnergy Ltd. (KrisEnergy or the Company), an independent upstream oil and gas company, referred to the announcement dated Aug. 11 in relation to the acquisition of the entire issued and paid up share capital of Chevron Overseas Petroleum (Cambodia) Limited (COPCL) and announces the ...

Cambodia is experiencing a runaway property boom that must be constrained by laws and regulations in order to draw investment from European developers, which are largely absent in the country, experts said at an industry conference in Phnom Penh on Wednesday. Simon Griffiths, senior manager at ...