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New investment projects of $2.2 billion licensed in Q1

The Council for the Development of Cambodia (CDC) awarded licences to 94 new investment projects with a registered value of $2.2 billion, during the first quarter of 2021, a 114 percent increase compared to projects approved during the same period last year. ...

Chea Vanyuth
https://www.khmertimeskh.com/50850034/new-investment-projects-of-2-2-billion-licensed-in-q1/

Development council approves electric bike plant and rain gear investments

The Council for the Development of Cambodia (CDC) yesterday approved two new projects worth $5.6 million that will create nearly 1,500 new jobs. ...

Khmer Times Staff
https://www.khmertimeskh.com/50849071/development-council-approves-electric-bike-plant-and-rain-gear-investments/

200MW solar farm set for Kampong Speu

A 200MW solar project backed by a $200 million investment from two large companies will be built in Aoral Eco-City, a joint statement said on April 26. ...

Thou Vireak
https://www.phnompenhpost.com/business/200mw-solar-farm-set-kampong-speu

Smile Shop catering to lockdown demand for groceries

In response to increased demand during lockdown, Smile Shop, a local e-shop, is offering new users a $10 discount on their first purchase for orders of $25 or more. They ensure deliveries are made between two and 12 hours post ordering in Phnom Penh. ...

Brian Badzmierowski
https://www.khmertimeskh.com/50842449/smile-shop-catering-to-lockdown-demand-for-groceries/

New business activity ongoing despite Coronavirus challenges

Five new factories worth $20.5 million have been approved to be established this month, according to the Council for the Development of Cambodia (CDC). The CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are ...

Brian Badzmierowski
https://www.khmertimeskh.com/50840963/new-business-activity-ongoing-despite-coronavirus-challenges/

Major banking houses deny relationship with GFX as ‘embezzled’ funds reach $27M

Allegations that GoldFX Co Ltd (GFX) board members embezzled what is now understood to be $27 million took a twist as financial houses said they had no relationship with the derivatives company. ...

Husain Haider
https://www.khmertimeskh.com/50840914/major-banking-houses-deny-relationship-with-gfx-as-embezzled-funds-reach-27m/

Papa John’s set to open 15 stores in Kingdom over next three years

US-based pizza chain Papa John’s International Inc on April 7 unveiled plans to open 15 new outlets in the Kingdom over the next three years. Papa John’s opened its flagship store in Phnom Penh late last month, the company said in a press release. ...

Thou Vireak
https://www.phnompenhpost.com/business/papa-johns-set-open-15-stores-kingdom-over-next-three-years

Tesla ‘yet to request’ business licence

South African-born US entrepreneur Elon Musk’s Tesla Inc has not yet requested a business licence with the Ministry of Commerce as of April 6, ministry spokesman Pen Sovicheat told The Post. ...

May Kunmakara
https://www.phnompenhpost.com/business/tesla-yet-request-business-licence

Mondulkiri airport project still on track

An $80 million domestic airport project in Mondulkiri province is shaping up to be a main driver for ecotourism development in the Kingdom’s northeast corridor. ...

Thou Vireak
https://www.phnompenhpost.com/business/mondulkiri-airport-project-still-track

Cambodia ‘among lowest in the world for tech startups’

Cambodia ranked number 176 in the world in an index measuring the best places in the world to launch a tech startup, according to the first Draper Innovation Index (DII). ...

Husain Haider
https://www.khmertimeskh.com/50832303/cambodia-among-lowest-in-the-world-for-tech-startups/

Haystack Asia Acquires KhmerDev

Investment capital firm Haystack Asia has acquired KhmerDev, an information technology company which was the first French-speaking IT service provider in Cambodia when it launched in 2001. ...

Brian Badzmierowski
https://www.khmertimeskh.com/50832226/haystack-asia-acquires-khmerdev/

SINET, Philippine firm team up for telecoms solutions

The Philippines’ PLDT Global Corp (PGC) unveiled a new partnership with Cambodia’s SINET, a registered trademark of SI Group Co Ltd, to broaden its regional footprint and supply technology solutions that help the local telecoms service provider’s customers stream more seamlessly. ...

Thou Vireak
https://www.phnompenhpost.com/business/sinet-philippine-firm-team-telecoms-solutions

Locally-made electric auto-rickshaw on sale by end of 2021, maker says

Onion Mobility Co Ltd has unveiled a bunch of prototypes of its upcoming Onion T1 electric auto-rickshaw, to be produced domestically and put on sale within the year. The prototypes were flown in last week from South Korea and showcased publicly on March 28. ...

Hin Pisei
https://www.phnompenhpost.com/business/locally-made-electric-auto-rickshaw-sale-end-2021-maker-says

CDC greenlights five projects worth $1.3B

The government on March 26 approved five new investment projects worth about $1.3 billion and expected to absorb 2,250 workers, even amid a dramatic escalation in the ASEAN member’s fight against the spread of the Covid-19 disease. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-greenlights-five-projects-worth-13b

CDC approves another solar power plant project in Svay Rieng province

The Council for the Development of Cambodia (CDC) has recently approved a 20-megawatt solar power plant project in Monorom commune, Svay Teap district, Svay Rieng province. ...

Nika/AKP
https://www.khmertimeskh.com/50828698/cdc-approves-another-solar-power-plant-project-in-svay-rieng-province/

60MW solar station in Battambang hooked to grid

A 60MW solar power station in northern Battambang province was commissioned and connected to the national grid last week. The solar farm is located in southwestern Thma Koul district’s Anlong Run commune and is invested by Shenzhen-listed Risen Energy Co Ltd. ...

Thou Vireak
https://www.phnompenhpost.com/business/60mw-solar-station-battambang-hooked-grid

Worldbridge, Singapore’s Union Gas set to form joint venture, supply LPG in Kingdom

Singapore-listed Union Gas Holdings Ltd has signed a non-binding letter of intent (LoI) with Worldbridge Industrial Developments Co Ltd (WBID) to form a joint venture company (JVCo) to supply and distribute liquefied petroleum gas (LPG) in the Kingdom. ...

Thou Vireak
https://www.phnompenhpost.com/business/worldbridge-singapores-union-gas-set-form-joint-venture-supply-lpg-kingdom

CDC approves eight projects so far in March

Cambodia approved eight investment projects worth over $69 million in the first three weeks of this month that are expected to deliver 5,249 jobs, according to a report from the Council for the Development of Cambodia (CDC). ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-eight-projects-so-far-march

Kampong Speu could get cement plant

Conch KT Cement (Phnom Penh) Co Ltd plans to build a $263 million cement factory in Kampong Speu province with a two-million-tonne-a-year capacity, according to provincial governor Vei Samnang on March 18. ...

Hin Pisei
https://www.phnompenhpost.com/business/kampong-speu-could-get-cement-plant

KiwiPay plan merger with Meal Temple

Hong-Kong-based fintech firm Kiwi Pay Group Co Ltd (KiwiPay) announced a strategic merger with Cambodian food and grocery delivery start-up Meal Temple Group Pty Ltd to enter more developing markets with a new app called KiwiGo. ...

Thou Vireak
https://www.phnompenhpost.com/business/kiwipay-plan-merger-meal-temple

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