Investment

Vietnamese businesses invested more than US$1.78 billion abroad last year, according to the Planning and Investment Ministry’s Foreign Investment Agency (FIA). Among them, Tanzania was the leading investment destination for Vietnamese investors, in terms of registered capital and accounted for 34 per cent of Viet ...

Quarry machinery supplier SCH Group Bhd (SCH) is in negotiations to form a US$50,000 (RM178,000) joint venture (JV) with a local company in Cambodia to expand its distribution and supply of industrial products business there. ...

A return to political stability means business confidence in the Cambodian economy remains buoyant, but ongoing government reforms are now needed to give companies greater assurance of future growth prospects, according to the latest business confidence survey from ANZ Royal Bank. The ANZ Royal Business Confidence ...

New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun ...

Australian-listed firm Donaco International, which currently has operations in Vietnam, has confirmed it is entering Cambodia’s already-crowded casino and gaming industry. The company announced on Friday that it had entered into an acquisition agreement to purchase the Star Vegas Resort and Club casino in Cambodia’s Poipet ...

KPMG Cambodia has bought out one of its local competitors in an effort to position itself as a leader in accounting, taxation and advisory services before ASEAN integration later this year. A statement issued Friday by KPMG states that the firm acquired Premier Consulting (Cambodia) Limited, ...

The United Nation’s human rights envoy Surya Subedi met yesterday with the president of Cambodia Chamber of Commerce, Kith Meng, to discuss human rights and economic growth in the Kingdom. At the top of the agenda was the management of economic land concessions and the role ...

Trading on Cambodia’s fledgling stock market will become easier after the bourse announced two new tools aimed at improving usability and access to the exchange platform. A January 14 statement released by the Cambodian Securities Exchange (CSX) said two new trading methods, “continuous trading” and “trading ...

U.S. conglomerate General Electric (GE) on Thursday inked a $1 million deal with Cambodia’s state-owned Electricite du Cambodge (EdC) to conduct a six-month study to identify weaknesses in Cambodia’s electrical grid with the aim of enhancing the reliability of the power supply. According to the EdC, ...

The Cambodian government is nearing completion of a policy aimed at strengthening the Kingdom’s small and medium-sized enterprises (SMEs), a senior official said yesterday. Minister for Industry and Handicraft Cham Prasidh yesterday told reporters his ministry was preparing a comprehensive SME policy with the purpose of ...

Cambodia Bayon Airlines (CBA), a wholly-owned subsidiary of the Aviation Industry Corporation of China, is ready to operate domestic flights in Cambodia later this month, the company said Monday. The MA60 aircraft will be mainly utilized to fly domestic routes within Cambodia. “Flight operations are scheduled ...

Cambodian and Chinese companies on Monday signed five agreements for business cooperation and joint ventures in construction and agriculture. The deals were signed on the sidelines of an annual Cambodia Import-Export Exhibition here under the presence of Cambodian Commerce Ministry Secretary of State Kem Sithan. ...

Two business agreements were signed between 21 companies from East China Fujian province and their Cambodian counterparts at a business matching meeting here Sunday. Of the two agreements signed between the two sides, one was between China’s Fuzhou Yifeng Rice Company and Cambodia’s Mekong Oryza ...

BCD Travel is expanding its Asia-Pacific operations with a new office in Cambodia in partnership with Tonle Travel. BCD Travel now has offices in 18 countries in the Asia-Pacfic region. ...

Many types of Vietnamese goods have faced strong competition of imported products from nations in the Southeast Asian region, while local businesses have met difficulties in broadening the presence of their products in these markets. For the last ten years, many businesses in Ho Chi Minh ...

Wah Seong Corporation Bhd’s strategy to develop a portfolio of renewable energy and power plants in the region is taking off after it inked an agreement with Cambodia. The company said on Monday its indirect subsidiary had signed a power purchase agreement with Baitang (Kampuchea) Plc ...

The news that tycoon Thong Sarath is wanted for questioning over the murder businessman Ung Meng Cheu, has sent a wave of nervousness through investors who have money tied up with the fugitive property developer. A cabinet deputy chief at the Ministry of Defence, Sarath ...

BCD Travel is venturing into Cambodia by tying up with Tonle Travel, a local corporate travel and inbound tour specialist with whom it has already enjoyed a working relationship of more than four years. ...

The Asian Development Bank (ADB) announced Monday that it would provide over 800 million U.S. dollars in concessional finance to Cambodia over five years to support the Southeast Asian nation in economic development and poverty reduction. ...

American solf drink maker Coca-Cola plans to invest additional US$ 100 million for factory expansion in Cambodia from 2014 to 2018, according to Martin Jansen, the Regional Director, Bottling Investment Groups for China and Southeast Asia. ...

Grand Twins International (GTI), one of two listed firms on the Cambodian Stock Exchange, has blamed third-quarter revenue losses on garment-worker demonstrations in December and January. On November 21, GTI posted a 40 per cent decline in revenue to $10.9 million for the three-month period ending ...

Japanese conglomerate Hitachi on Wednesday signed a memorandum of understanding with three major companies to conduct a feasibility study on the potential development of a new special economic zone (SEZ) in Kandal province, said the CEO of one of the signatories. ...

Chinese telecom device maker ZTE Corporation has won the bid for 4G LTE project construction from Southeast Asia Telecommunications Holdings Limited. At the same time, ZTE Senior Vice President Zhang Renjun and Southeast Asia Telecom Group Chairman Zuo Huazheng signed a memorandum and strategic cooperation agreement ...

China International Travel Service Group (CITS) will open a duty-free shop (DFS) in Cambodia next month, the first non-airport DFS in the country, it announced on Sunday. ...