Economy and commerce
Investment
CBC, Thai Subcon collaborate to promote business and investment
Bangkok-based Cambodian Business Council (CBC) and Thai Subcontracting Promotion Association (Thai Subcon) have agreed to work together to promote the private sector cooperation between Cambodia and Thailand. ...
Khmer Times Staff
https://www.khmertimeskh.com/50894001/cbc-thai-subcon-collaborate-to-promote-business-and-investment/
Cambodia, India discuss agricultural cooperation
Minister of Agriculture, Forestry and Fisheries and Indian Ambassador to Cambodia have discussed agricultural cooperation between Cambodia and India. ...
Khmer Times Staff
https://www.khmertimeskh.com/50893981/cambodia-india-discuss-agricultural-cooperation/
Kingdom probes ACFTA for gains
Cambodia is committed to harnessing the potential of the ASEAN-China Free Trade Agreement (ACFTA) to maximise economic benefits and implement structural reforms that promote, encourage and facilitate trade, investment and business. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-probes-acfta-gains
World’s largest secure logistics firm enters Cambodian market
WorldBridge Secure Logistics (WSL) has rebranded as Brink’s WorldBridge Secure Logistics (BWSL) with the full fledged entry into Cambodia of Brink’s, the world’s largest secure logistics company. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50891936/worlds-largest-secure-logistics-firm-enters-cambodian-market/
Cambodia’s new investment law becomes more attractive and considerate for investors
The Draft Law on Investment of the Kingdom of Cambodia was approved by the Royal Government in the Plenary Meeting of the Council of Ministers chaired by Prime Minister Hun Sen. ...
Khmer Times Staff
https://www.khmertimeskh.com/50891114/cambodias-new-investment-law-becomes-more-attractive-and-considerate-for-investors/
SSEZ handles $994M in goods
The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) neared the $1 billion mark in the first half of this year, despite a spiralling third wave of coronavirus infections, dubbed the “February 20 community event”. ...
Hin Pisei
https://www.phnompenhpost.com/business/ssez-handles-994m-goods
New investment law draft ready to make Cambodia more attractive
The Council of the Ministers approved the new investment law draft last week in order to attract increased investment flow to the Kingdom and enhance the nation’s economic diversification and competitiveness. ...
Chea Vanyuth
https://www.khmertimeskh.com/50891685/covid-19-victim-new-investment-law-draft-ready-to-make-cambodia-more-attractive/
Cabinet approves investment law
The Council of Ministers, or Cabinet, on July 9 approved the Draft Law on Investment, following a plenary session chaired by Prime Minister Hun Sen via a Zoom call. ...
Hin Piset
https://www.phnompenhpost.com/business/cabinet-approves-investment-law
Draft investment law approved
The government has approved the draft investment law, following a plenary session of the Council of Ministers chaired by Prime Minister Hun Sen via a Zoom call on July 9. “The law is aimed at increasing Cambodia’s potential at attracting more domestic and foreign investors,” Hun ...
Hin Pisei
https://www.phnompenhpost.com/business/draft-investment-law-approved
Draft of new investment law approved by council of ministers
The draft of the new investment law was approved by the Council of Ministers at a Friday morning meeting held under the presidency of Prime Minister Hun Sen via video conference. ...
Chea Vanyuth
https://www.khmertimeskh.com/50890849/draft-of-new-investment-law-approved-by-council-of-ministers/
FDI flow drops 50 percent Jan-May
Foreign direct investment (FDI) fell 50 percent Jan-May from the same period in 2020, according to the Ministry of Economy and Finance. Investment projects for the first five months of 2021 were valued at $825 million, a 59 percent drop from results for the same ...
Chea Vanyuth
https://www.khmertimeskh.com/889495/fdi-flow-drops-50-percent-jan-may/
Government preparing to discuss new draft investment law
The government is planning to discuss a new law to stimulate investment in the country. The Office of the Council of Ministers will hold a virtual meeting on Friday to review the draft law, following the approval of Mr Hun Sen. The prime minister will ...
Michael Firn
https://www.khmertimeskh.com/50888821/government-preparing-to-discuss-new-draft-investment-law/
$2.4B in new investments for H1
The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year. This is according to calculations by The Post based on CDC statements issued via social media throughout the January-June ...
Thou Vireak
https://phnompenhpost.com/business/24b-new-investments-h1
Collective Investment Scheme: How it works
The Collective Investment Scheme or CIS – an important source of financing for large development projects – is relatively new in Cambodia ...
Post Staff
https://www.phnompenhpost.com/financial/collective-investment-scheme-how-it-works
FDI inflows drop 1% to $3.5B
The value of foreign direct investment (FDI) into the Kingdom registered a slight fall in 2020 amid a much sharper contraction among non-banking sectors and uncertainty over the evolution of the Covid-19 pandemic, but inflows into the financial sector remained strong. ...
May Kunmakara
https://www.phnompenhpost.com/business/fdi-inflows-drop-1-35b
Two new investment projects approved by CDC
The Council for the Development of Cambodia (CDC) has issued investment certificates to Fu Bi Xing (Cambodia) Packaging Co., Ltd and Sheng He Leisure Bag (Cambodia) Co., Ltd for the production of travel bags and goods in the Kingdom. ...
Gareth Johnson
https://www.khmertimeskh.com/50864368/two-new-investment-projects-approved-by-cdc/
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