Investment

The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...

The EU and Germany have committed to help strengthen Cambodia’s economic integration with Asean member states by providing a €9.35 million ($10.5 million) fund to boost the Kingdom’s trade and investment in the region. The pledge falls under the Asean Regional Integration Support – Cambodia ...

While Cambodia welcomes an ongoing influx of Chinese tourists, investment and development, the world at large increasingly suspects that China is launching a military build-up in the country for stronger Chinese influence in Southeast Asia. Dara Sakor, a new China-backed coastal resort in Koh Kong ...

The Council for the Development of Cambodia (CDC) has urged relevant parties to increase efforts to attract more foreign investors to border areas. CDC secretary-general Sok Chenda Sophea said to achieve this, it is necessary to develop infrastructure there such as special economic zones (SEZ), ...

The official website of the Cambodian Embassy in Japan reported that Cambodian Ambassador Ung Rachana hosted the opening ceremony for the Japan-Cambodia Culture and Business Council (JCBC) on Tuesday. ...

The government approved $5.2 billion worth of investment in the first half of 2019, a 48.5 percent hike compared to the corresponding period last year, with officials claiming the figure reflects investors’ growing confidence in the country. ...

Cambodia’s economy has seen an influx of business investors from China, which has driven demand for housing and hospitality services in the Southeast Asian nation. Two million Chinese visited the country last year, an increase of around 67 per cent from 2017. They represented the ...

The Garment Manufacturers Association in Cambodia (GMAC) has warned that increasing industrial action is harming the investment climate as the threat of the Kingdom losing access to the EU’s “Everything But Arms” (EBA) agreement looms. ...

The Cambodia Development Council (CDC) has approved more than $1.8 billion in investment projects during the first six months of this year, research by The Post has shown. According to its calculations, the CDC’s data shows that during the period from January to this week, ...

A group of South Korean delegates on Monday announced that it was seeking to invest in six priority areas in the Kingdom, a move aimed at boosting trade between the two countries. The plans were discussed during a meeting between the Council of Development of Cambodia ...

The Council for the Development of Cambodia (CDC) last week approved 11 projects worth nearly $600 million. According to a post on CDC’s Facebook page yesterday, 11 projects were greenlighted on June 5-7, amounting to a total investment of $597 million. CDC estimates the projects will generate ...

Investment in the garment and footwear sector, one of Cambodia’s economic pillars, is growing at a slightly slower pace in 2019 compared to last year, according to an official from the Garment Manufacturers Association in Cambodia (GMAC).​ The deceleration is likely the result of the ...

Prime Minister Hun Sen and his South Korean counterpart, President Moon Jae-in, on Friday agreed to work together to boost trade and investment between the two nations.​ On Saturday, Mr Moon left Cambodia after a three-day state visit during which he also led a delegation ...

Shenzhou International Group Holdings, a leading Chinese clothing manufacturer, on Wednesday broke ground for the construction of a new 150-million-U.S.-dollar garment factory here after operating in the country for 14 years. Lt. Gen. Hun Manet, deputy commander-in-chief of the Royal Cambodian Armed Forces, and Chinese ...

The Gideon Group, a US-based global finance firm, yesterday announced its intention to invest $488 million in a 135-megawatt solar plant in Kandal province. In a statement issued yesterday, Gideon Group president and CEO Salman Khan said the Kandal solar project is being developed by ...

Eleven development projects in the Kingdom were approved by the Council for the Development of Cambodia (CDC), bringing $297 million in total investment and more than 6,000 jobs to the Kingdom’s industry, according to a CDC press release posted on Facebook on Friday. ...

China’s Henan Yuguang International Economic and Technical Cooperation Co Ltd (HYIETC) has expressed interest in investing in the Kingdom’s rice facilities – a move welcomed by the government and the rice industry.​ ...

Prime Minister Hun Sen on Friday lauded the Chinese developer behind Koh Kong province’s $3.8 billion tourism project, despite it causing a decade-long dispute with the villagers there. “The Union Development Group [UDG] transformed the quiet area in Koh Kong province into an attractive tourist ...

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade Development ...

Cambodian land rights activists have accused Chinese investors of fueling land disputes through unscrupulous land acquisition and development. The advocates made the comments during a two-day meeting in Phnom Penh earlier this month. ...

Prime Minister Hun Sen on Wednesday slammed critics over claims that China is “invading” Cambodia, calling the argument “crazy”. Speaking to members of Cambodian diaspora in Geneva, Switzerland, Hun Sen said some people were concerned about the influx of Chinese nationals who live and work ...

Russia has agreed to recategorise Cambodia’s outstanding $1.5 billion debt as an investment, pledging to provide more aid to the Kingdom next year. Prime Minister Hun Sen met with Russian Prime Minister Dmitry Medvedev in Brussels on Thursday. Mr Hun Sen had asked Russia to ...

Two regional companies have invested nearly $10 million to acquire 14 million shares in the Phnom Penh Special Economic Zone Plc (PPSEZ) – one of five companies listed on the Cambodia Securities Exchange (CSX) – in what is considered the first ever private offering by ...

Prime Minister Hun Sen, speaking at the Mekong- Japan Business Forum in Tokyo on October 9, invited Japanese firms to visit Cambodia and convince themselves that it a worthy country for their investments. ...