Foreign investors

Clothing giant H&M is testing the garment production waters by entering into exclusivity agreements with factories in Cambodia and Bangladesh, according to a report from Bloomberg News yesterday. This means that Sweden-based H&M would buy all of the factory’s output. H&M, it seems, would still be ...

A new local airline is applying to fly in Cambodia, according to aviation officials, at a time when the market is monopolised by national flag carrier Cambodia Angkor Air and a handful of carriers offering chartered routes. Royal Spirit Airlines last Friday met with the State ...

Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...

This year, the Cambodian people celebrate their 60th National Day as well as the birthday of the Cambodia Kingdom’s royal army under the bright leadership of King Norodom Sihanouk, who relentlessly struggled against the French colonialists to gain independence (09-11-1953 – 09-11-2013). In 2010, Father ...

Ningbo Thermal Power (shse:600982) will invest less than USD 16.67 million in building a thermal power arm to develop a heat and power cogeneration project in Sihanoukville Special Economic Zone (SSEZ), Cambodia. The joint venture will be responsible for building the heat and power cogeneration ...

Muhibbah Engineering (M) Bhd and its joint venture partner has secured two contracts valued at US$87mil (RM276mil) to build and expand two airports in Cambodia. Muhibbah has a 30% stake in SCA [Societe Concessionnaire de L’Aeroport]. The duration for the Phnom Penh Airport and Siem ...

The house always wins, except when there’s a disputed election scaring gamblers away from the tables. That’s the message from Entertainment Gaming Asia Inc, which operates casinos in Poipet town and Pailin province as well as supplying NagaWorld casino with slot machines. According to the company, Cambodia’s ...

Chief Cambodia Specialized Bank, a subsidiary of a Hong Kong-based brokerage firm, will begin operations in Cambodia next month, its management said on Monday. Sokun Chakriya, head of marketing and sales at Chief Cambodia, said the bank aims to increase access to finance in Cambodia’s agricultural ...

After two and a half years, Chevron’s Cambodia country manager, Steve Glick, will move on from his position in what the oil and gas giant called a routine rotation, according to a statement released yesterday. Glick, who came to the job in 2011, will be “taking ...

Canada’s Angkor Gold Corp announced Wednesday the completion of preliminary exploration on its Blue Lizard prospect in the South Oyadao exploration lease in Ratanakiri province. A statement said termite-sampling crews encountered the prospect as artisanal workings and that the company had collected and analyzed more than ...

German luxury car manufacturer Audi has expanded into Cambodia, joining the recent entry of higher-end automobile producers into a small but growing market. At a signing ceremony in Phnom Penh yesterday, Audi AG appointed Automotive Asia (Cambodia) Ltd as its official distributor in the country. The ...

SET-listed Group Lease Plc (GL) plans to acquire a microfinance company in Cambodia as part of its effort to boost overseas revenue to more than 50% by 2015. GL’s chief executive Mitsuji Konoshita said negotiations are nearly finalised and the acquisition will be made through ...

The Cambodian Ministry of Commerce said Friday that it had granted operating licenses to 2, 223 new companies in the first nine months of 2013, down 14.6 percent compared with 2,606 new firms over the same period last year. From January to September this year, the ...

Telecommunications company Xinwei (Cambodia) Telecom Co Ltd, operating under the CooTel brand, officially launched in Cambodia yesterday, being the first operator to offer 4G technology in the country, a company statement released yesterday said. “CooTel strongly believes it will be successful in entering the Cambodian market ...

Herbalife Ltd, a global nutrition company whose business practices are being challenged in a US court and whose marketing strategies have been the subject of public criticism, will officially open a six-storey distribution centre in Phnom Penh today, according to the New York Stock Exchange-listed ...

The Now World City company is starting construction of its third phase at Camko City after its satellite city had suspended operations for a while. Kim Duk Kon, the vice president of World City, said that the new project included building luxury villas, with 140 houses ...

Cambodia’s construction sector has attracted a total investment of 2.27 billion U.S. dollars in the first nine months of 2013, up 24 percent compared with 1.83 billion U.S. dollars over the same period last year, a government report showed Thursday. The report said during the January-September ...

Bangkok Bank has urged Thai businesses to have a more active role in the Greater Mekong Sub-region (GMS) in terms of trading activities and investment, in order to tap the growing middle-class market in those countries. Speaking at the bank’s “Trade Logistics in Greater Mekong Sub-region: ...

Auto parts manufacturer Denso Cambodia, which has rented space in the Phnom Penh Special Economic Zone (PPSEZ) since July, will expand operations by building its own factory, according to a company representative. Administrative manager Seng Chanthy said yesterday that the factory will cover 10 hectares and ...

The Cambodian government has entered into a public-private partnership with a little-known company named ALEX Corporation Co Ltd to develop power lines from plants in Preah Sihanouk province to Phnom Penh, according to the Council of Ministers. The private firm will invest $119.1 million in a ...

For Cambodians aspiring to a career in aviation, this weekend looks promising. Almost seven months after its formal establishment, Cambodia Airlines is hosting a career fair in Phnom Penh. The airline is moving forward by looking for staff – from captains, first officers and cabin crew ...

Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...

Carabao Tawandang, the manufacturer of Carabao Dang energy drinks, plans to open factories in Myanmar and Cambodia within the next three to five years. Managing director Sathien Setthasit yesterday said the company would also increase the production capacity of its Thai factory by 40 per cent, ...

The World Bank said Monday that the impact of Cambodia’s political uncertainty was “unclear” but left its growth forecasts unchanged for this year and next year.  “The Cambodian economy remains robust amidst a challenging global economic environment,” the bank said in its East Asia and Pacific ...