Economy and commerce
Investment
Second round of China FTA talks close
The second round of negotiations for a Cambodia-China Free Trade Agreement highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release on Friday. ...
Thou Vireak
https://www.phnompenhpost.com/business/second-round-china-fta-talks-close
Public service fees reduced to up growth
The government has decided to revise three types of public service fees to boost business registration and draw more investment both locally and abroad, said the ministries of Economy and Finance; and Commerce in a joint statement. ...
Thou Vireak
https://www.phnompenhpost.com/business/public-service-fees-reduced-growth
CDC approves seven projects worth $174M
The Council for the Development of Cambodia (CDC) on Wednesday approved seven investment projects worth $174.1 million and expected to generate 3,328 jobs, it said in a press release. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-seven-projects-worth-174m
Vietnam invests $9.5 million in Cambodia
Cambodia was recorded as the third largest recipient of Vietnamese investment during the first quarter of this year, according to a report released by the Foreign Investment Agency under the Ministry of Planning and Investment in Vietnam. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50708029/vietnam-invests-9-5-million-in-cambodia/
Cambodia new investments totaling $900 million spread over nine provinces
Cambodia registered 40 new investment projects worth more than US$900 million in the first three months of this year, according to the Council for the Development of Cambodia (CDC). ...
Khmer Times Staff
https://www.khmertimeskh.com/50706552/cambodia-new-investments-totaling-900-million-spread-over-nine-provinces/
Fighting corruption in business
The Anti-Corruption Unit (ACU) yesterday inked a memorandum of understanding (MoU) with the Japanese Business Association in Cambodia (JBAC), to build trust and create a better investment environment for Japanese companies and other investors in Cambodia. ...
Sok Chan
https://www.khmertimeskh.com/50706190/fighting-corruption-in-business/
Casino workers protest unpaid wages
Nearly a hundred employees of Sihanoukville’s Yaduoli Casino yesterday staged a protest over outstanding wages after the company failed to pay them. ...
Sen David
https://www.khmertimeskh.com/50704577/casino-workers-protest-unpaid-wages/
Three investment projects to create 2,000 jobs
The Council for the Development of Cambodia has approved three investment projects with a total capital of US$7 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/50702925/three-investment-projects-to-create-2000-jobs/
Investment projects worth millions greenlit by CDC
The Council for the Development of Cambodia has approved 15 investment projects in several provinces worth at least $530 million. ...
Sok Chan
https://www.khmertimeskh.com/50701273/investment-projects-worth-millions-greenlit-by-cdc
Leading Malaysian insurer to bring “Fast & Easy” insurance to the local market
Malaysia’s leading Insurance and Takaful Company Etiqa has started operations in Cambodia, allowing the local people to experience a fast and easy way to get insured. Etiqa has entered the Kingdom upon seeing the vast potential the local market has to offer, with 97% of ...
Khmer Times Staff
https://www.khmertimeskh.com/50700680/leading-malaysian-insurer-to-bring-fast-easy-insurance-to-the-local-market
5G: Ministry proposes joint partnerships to maximise investment
The Ministry of Posts and Telecommunications of Cambodia (MPTC) has asked regulators to explore the possibility of telecom operators Kingtel and Seatel jointly running as providers on Cambodia’s new 5G network. ...
Sok Chan
https://www.khmertimeskh.com/50700681/5g-ministry-proposes-joint-partnerships-to-maximise-investment
CDC: Investment in Kingdom stable
The Council for the Development of Cambodia (CDC) approved four projects, worth a combined $17.4 million, during the first 10 days of February. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-investment-kingdom-stable
Aftermath of Chinese Exodus from Sihanoukville
Over the past few years with the influx of Chinese nationals and Cambodians working in Sihanoukville, landlords have been laughing all the way to the bank through rentals. Locals who visit the city regularly complained about high rentals for hotels, guesthouses and even food. Some ...
Ben Sokhean
https://www.khmertimeskh.com/50697816/aftermath-of-chinese-exodus-from-sihanoukville
Projects worth millions agreed
The Council for the Development of Cambodia (CDC) yesterday approved six development projects worth in total $677 million. ...
Sok Chan
https://www.khmertimeskh.com/50695073/projects-worth-millions-agreed
Billions of dollars set to boost visitor attractions in Kingdom
The government has announced that it is preparing to develop a special tourism area in the coastal province of Sihanoukville. In a move to diversify its tourism offerings, citing a need to boost tourism flow into the area. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50693276/billions-of-dollars-set-to-boost-visitor-attractions-in-kingdom
As KrisEnergy gears up to produce Cambodia’s first drop of oil, it has been besieged by creditors
The company told shareholders that it will appear in court in Singapore next Monday to request a second three-month extension to a debt moratorium. The moratorium has been in place since August, when KrisEnergy began efforts to restructure its debt load, which stood at $476.8 ...
Khmer Times Staff
https://www.khmertimeskh.com/50693541/as-krisenergy-gears-up-to-produce-cambodias-first-drop-of-oil-it-has-been-besieged-by-creditors
Cambodia benefits from Japanese tech
Minister of Economy and Finance Aun Pornmoniroth has encouraged the Japanese-owned Kirirom Institute of Technology to seek more Japanese technology companies to aid the establishment of the Eco-Technology Park at the Kirirom resort in Kampong Speu province. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-benefits-japanese-tech
Koreans eyeing bank IPO
Korean investors are looking forward to investing in the local stock market as it prepares to welcome Acleda Bank Plc into its main board. With Acleda Bank, one of the largest banks in the Kingdom, scheduled to go public in upcoming weeks, hundreds of Korean businesspeople ...
May Kunmakara
https://www.phnompenhpost.com/business/koreans-eyeing-bank-ipo
CDC okays investments worth over $83 million
Ten investment projects worth $83.7 million were approved by the Council for the Development of Cambodia (CDC) this week, it said in a press release said on Tuesday. The projects are anticipated to create some 4,744 jobs. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-okays-investments-worth-over-83-million
Key stakeholders report Kingdom’s investment climate friendly, favourable
In a series of interviews conducted by a World Economic Forum team with key stakeholders across policymakers, firms, business associations and researchers, amounting to 41 separate entities, firms have reported Cambodia as possessing a friendly investment and business environment. ...
Poovenraj Kanagaraj
https://www.khmertimeskh.com/50691650/key-stakeholders-report-kingdoms-investment-climate-friendly-favourable
Japan calls for policy changes
Representatives of Japanese companies and investors on Wednesday submitted a list of policy recommendations to the government concerning 21 challenges to the Kingdom’s business climate. Japanese Ambassador to Cambodia Masahiro Mikami and leaders of the Japanese Business Association in Cambodia (JBAC), Japan International Cooperation Agency and ...
May Kunmakara
https://www.phnompenhpost.com/business/japan-calls-policy-changes
Chamber president calls for stronger South Korea business ties
Cambodia Chamber of Commerce (CCC) president Kith Meng on Tuesday called for stronger business and investment relations between the Kingdom and South Korea. He was speaking on the sidelines of the World Summit 2020 in Seoul, South Korea, after a meeting between the Korea International ...
May Kunmakara
https://www.phnompenhpost.com/business/chamber-president-calls-stronger-south-korea-business-ties
CDC approves seven projects in January
The Council for the Development of Cambodia (CDC) approved seven garment and travel goods investment projects last month, worth $33.4 million. The figures were released by CDC throughout the month and calculated by The Post. The EU is scheduled to decide whether to keep or withdraw ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-approves-seven-projects-january
Thai firm to build plant in Pursat
Thai-based Precise Electric Manufacturing Co Ltd is planning to build an electric equipment plant in Pursat province to cash in on the high demand in the Kingdom. The announcement was made during a meeting between Pursat provincial governor Mao Thornin and the firm’s representatives on ...
Thou Vireak
https://www.phnompenhpost.com/business/thai-firm-build-plant-pursat