South Korean bank invests in Kingdom

The embassy of Cambodia to the Republic of Korea signed a memorandum of understanding (MoU) with DGB Bank to provide cooperation in promoting investment in Cambodia as well as protection for Cambodians in South Korea. ...

Sok Chan

$100M Lorn City II Sihanoukville residential project breaks ground

Local developer 5LH Lorn City Development Co Ltd’s (Lorn City Group) $100 million residential project broke ground on February 22 morning in Preah Sihanouk, to meet the growing housing demand in the coastal province, the provincial administration said in the press release. ...

May Kunmakara

Howard Johnson opens in Sihanoukville

New York Stock Exchange- (NYSE) listed hotel franchiser Wyndham Hotels & Resorts Inc (WH) has opened its first hotel in the Kingdom – the Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville, WH said in a February 18 press release. ...

Thou Vireak

Cambodia to make auto-rickshaws

Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend. ...

Hin Pisei

FedEx set for mid-2021 debut in Kingdom

US-listed international mixed-carrier FedEx Corp plans to launch air freight services to Cambodia by mid-2021, according to State Secretariat of Civil Aviation (SSCA) spokesman Sin Chansereyvutha. ...

Thou Vireak

CDC okays 144 Japan projects worth $2.79B since ‘94 debut

The Council for the Development of Cambodia (CDC) has approved a cumulative 144 Japanese investment projects worth $2.79 billion since its inception in 1994, 66 of which are in special economic zones (SEZ) with $340 million in capital investment, it said in a press release. ...

Hin Pisei

CDC approved 238 investment projects worth $8.2B last year

The Council for the Development of Cambodia (CDC) approved 238 investment projects worth a total of $8.2 billion last year, down 12 per cent from 2019, according to a CDC press statement. ...

Thou Vireak

Delayed new casino confirms opening target

Century Entertainment has confirmed the opening target  and relocation  of a new casino to Dara Sakor. The project had been delayed since January. The delay was down to pandemic related business conditions including logistics problems in the delivery of essential equipment.   ...

Khmer Times Staff

Master plan for Ream City given nod

Canopy Sands Development Co Ltd, a member of Prince Holding Group, one of Cambodia’s largest and fastest-growing conglomerates, approved a master plan to develop Preah Sihanouk province’s Ream bay into the $16 billion Ream City. ...

May Kunmakara

Western thoughts on benefits of Cambodian BRI initiatives evolving

The success of China’s Belt and Road Initiatives (BRIs) in Cambodia will depend on what the project is and how productive it will be, according to experts who have analysed China’s white paper on foreign aid and development. ...

Husain Haider

CDC announces slate of new investments totalling $16.2 million

The Council for the Development of Cambodia (CDC) has announced that four new projects worth a total of $16.2 million were approved over the weekend. ...

Tom Starkey

Regional free trade deals ‘key to Cambodian and ASEAN success’

Foreign investors and independent credit evaluators are echoing confidence in Cambodia in light of the series of free trade agreements (FTAs) both completed and being pursued by the Kingdom’s government. According to the ASEAN Briefing (AB), such FTAs could see the region become the world’s ...

Tom Starkey

CDC okays 11 projects in January

The Council for the Development of Cambodia (CDC) in the first month of this year approved 11 investment projects worth over $43 million and that are expected to generate 7,854 jobs, it said via social media. ...

Hin Pisei

Storefront solution goes live

Kuala Lumpur-based Apigate Sdn Bhd has successfully rolled out its Storefront solution with Cambodia’s leading mobile telecommunications operator Smart Axiata Co Ltd, Apigate said in a press release on January 27. ...

Thou Vireak

Russian investment sought for oil sector

Cambodia has invited Russian investors to consider taking part in Cambodia’s oil sector. The invitation was made following Cambodia’s recent start of oil production in its maritime territory. ...

Chea Vanyuth

A $3.1 million garment factory project in Takeo province to create more than 700 jobs

A $3.1 million garment factory will be built in Bati district of Takeo province, creating 702 jobs for the locals. The update was shared in a press release from the Council for the Development of Cambodia (CDC) yesterday following its approval of the investment project. ...

Phal Sophanith/AKP

A $ 2.3 million cardboard factory project brings January 2021 investments to $24.5 million

The Council for the Development of Cambodia (CDC) has approved a $2.3 million cardboard factory project to be built in Khan Kambol of Phnom Penh. The CDC shared the update in a press release yesterday, adding that the project will create 214 jobs for the ...

Phal Sophanith/AKP

Mondulkiri wind farm passes first test

Xinglan Maritime Energy Co Ltd’s (XME) $200 million 100MW onshore wind power project in Mondulkiri province has passed its feasibility study, promising a fresh gust of wind to swell the sails of the Kingdom’s burgeoning industry, the local Maritime Group said in a press release. ...

Hin Pisei

Koh Preus upgrades 70% complete

Initial construction of a nearly $30 million tourism infrastructure project on Preah Sihanouk province’s Koh Preus Island is “about 70 per cent complete”, according to an official with the developer. Heng Thou, construction site manager of Angela Real Estate Co Ltd (ARE), told The Post that ...

Thou Vireak

A $7.8 million garment factory project approved by CDC

Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province. According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected ...

Phal Sophanith/AKP

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