Economy and commerce
Investment
Investment in construction hits $6.5 billion: Ministry
Investment in construction in the Kingdom reached a new high during the first nine months of the year, amounting to $6.5 million, according to the latest government report. From January to September, investment in the sector grew by 34.7 percent compared with the same period last ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50652396/investment-in-construction-hits-6-5-billion-ministry/
Siem Reap to welcome $27mln Cambodia-China Cultural Park
The Council for the Development of Cambodia, a government agency that oversees investment, last week approved a large-scale tourism project in Siem Reap. ‘Cambodia-China Cultural Park,’ the project will be developed by Angkor International Culture Investment & Development (Cambodia) Co., Ltd with a capital of ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50651322/siem-reap-to-welcome-27mln-cambodia-china-cultural-park/
Investment skyrockets this year
The Council for the Development of Cambodia (CDC) yesterday announced that it approved 831 investment projects, with a total investment capital of $22.5 billion, from 2016 to August 2019, according to its latest report. The report added that in the first eight months of the year, ...
Cambodia improves in WEF global competitiveness ranking
Cambodia, which has shed its status of ‘Sick man of Asia’ is becoming more competitive economically, and the world is starting to notice it. The 2019 Global Competitiveness Report, which was released by the World Economic Forum (WEF) on Oct 8, ranked Cambodia 106th out of ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50650070/cambodia-improves-in-wef-global-competitiveness-ranking/
Sihanoukville aims to reform tourism landscape
Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...
Hin Pisei
https://www.phnompenhpost.com/business/sihanoukville-aims-reform-tourism-landscape
CDC okays two S’ville hotels
The Council for the Development of Cambodia (CDC) last week approved two Chinese-invested hotel projects in Sihanoukville worth $379 million, it said in a Facebook post. The two five-star hotels by Xigang V-Continent International Investment Co Ltd and Hai Gang Grand Hotel Co Ltd have ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-two-sville-hotels
GDT: Chinese companies must fulfil duty obligations
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: ...
Hin Pisei
https://www.phnompenhpost.com/business/gdt-chinese-companies-must-fulfil-duty-obligations
EU, Germany to provide $9M Asean fund
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 ...
Thou Vireak
https://www.phnompenhpost.com/business/eu-germany-provide-9m-asean-fund
Chinese project in Cambodia raises alarms of military build-up
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 ...
Kyodo News
https://www.bangkokpost.com/world/1728967/chinese-project-in-cambodia-raises-alarms-of-military-build-up
CDC: Improve infrastructure to draw investment to border
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), ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-improve-infrastructure-draw-investment-border
New organisation to boost Japan-Cambodia business ties
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. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50630252/new-organisation-to-boost-japan-cambodia-business-ties/
Cambodia welcomes $5b in investments in H1
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. ...
May Kunmakara
https://www.khmertimeskh.com/50629643/cambodia-welcomes-5b-in-investments-in-h1/
Influx of Chinese business travelers, investors to Cambodia drives construction boom
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 ...
Martin Choi
https://www.scmp.com/property/international/article/3020644/influx-chinese-business-travellers-investors-cambodia-drives
GMAC: Protests hurting industry
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. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/gmac-protests-hurting-industry
CDC approves $1.8B investment this year
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, ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-18b-investment-year
South Korea seeking to invest in six sectors
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 ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50617654/south-korea-seeking-to-invest-in-six-sectors/
CDC approves $600m in investments
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 ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50612918/cdc-approves-600m-in-investments/
Investment growing but at a slower pace: GMAC
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 ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50601248/investment-growing-but-at-a-slower-pace-gmac/
Cambodia, South Korea commit to stronger trade relations
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 ...
May Kunmakara
https://www.khmertimeskh.com/50587660/cambodia-south-korea-commit-to-stronger-trade-relations/
Leading Chinese textile maker starts to build huge factory in Cambodia
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 ...
Xinhua
http://www.xinhuanet.com/english/2019-03/06/c_137873415.htm
Biggest solar project yet gets half billion in funding
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 ...
Sok Chan
https://www.khmertimeskh.com/50573860/biggest-solar-project-yet-gets-half-billion-in-funding/
Development projects are given green light
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. ...
Post Staff
https://www.phnompenhpost.com/business/development-projects-are-given-green-light
Chinese to invest in Kingdom’s rice
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. ...
Cheng Sokhorng
https://www.phnompenhpost.com/business/chinese-invest-kingdoms-rice
PM hails ‘troubled’ Koh Kong project
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 ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/pm-hails-troubled-koh-kong-project