Investment

A Cambodian company is teaming up with a Thai investment partner to spend $100 million improving the quality of Cambodia’s agarwood trees, according to a memorandum of understanding signed by the two companies yesterday. ...

Fourteen families in Koh Kong province’s Kiri Sakor district filed a court complaint today against 60 security guards employed by Union Development Group (UDG) for allegedly destroying their crops and small huts on land belonging to the development conglomerate.​ ...

US-based convenience mart Circle K officially launched in Cambodia yesterday, with three outlets already operating in Phnom Penh and plans to open 40 more by the end of the year. ...

Prime Minister Hun Sen said yesterday that a 600-metre building would be constructed in Cambodia, though he did not mention specifics and similar projects proposed in the past have stalled before construction. ...

US-based solar energy developer Omni Navitas announced a plan to set up a $500 million, 150-megawatt solar energy farm in Cambodia, which CEO Jim McAuliffe said would make it the largest solar farm in Southeast Asia by capacity. ...

An interministerial task force has been established to ease simmering tensions between Cambodian and Chinese business owners in the coastal resort town of Sihanoukville, the latest sign that a huge influx of Chinese investment is causing problems on Cambodia’s coast. ...

China’s growing presence and investment in a fast-developing Cambodian port and province have pushed up the crime rate and brought instability, its governor said in a letter to the government. ...

Cambodia attracted the fixed asset investment of 333.4 million U.S. dollars from its ASEAN member states in 2017, according to a government’s report on Friday.   ...

A Japanese consular office yesterday opened in Siem Reap town in a ceremony attended by Japanese and Cambodian dignitaries. Attending the events were Sieng Nam, CPP lawmaker for Siem Reap province, Chhay Sinarith, deputy National Police commissioner, and Nakane Kazuyuki, the Japanese Minister of Foreign Affairs. ...

The seaside city of Sihanoukville, the home to Cambodia’s only deep-sea port, has seen massive investment from China in the past few years, and while some local people have welcomed the inflow of money, others feel they’re missing out. The signs of Chinese investment are everywhere ...

The value of construction projects in Cambodia rose more than 22 percent to $6.4 billion in 2017 from the previous year, according to official figures released on Tuesday that showed the impact of a boom driven by Chinese investors. The high level of Chinese investment is ...

Cambodia’s economic rise starkly contrasts the political chaos that reached a climax in November 2017 with the dissolution of the Cambodia National Rescue Party — the country’s only major opposition party — and the detention of its leader, Kem Sokha. Prime Minister Hun Sen has ...

Cambodian and Chinese officials and business leaders yesterday signed 19 agreements during a visit to Phnom Penh by Chinese Premier Li Keqiang, boosting Chinese investment at a time when the regional power has upped its economic and political support for Hun Sen’s government.​ ...

Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...

More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements between 14 Chinese firms and 18 Cambodian firms were announced by the two country’s commerce ministries at a press conference ...

Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.​ ...

Cambodia’s exports to China, the second largest economy in the world, rose sharply during the first 11 months of 2017, by as much as 18 percent compared with the same period in 2016, according to the latest data from the Ministry of Commerce. ...

A delegation of some of China’s biggest companies in the food-processing industry is scouring the local market for investment opportunities in the agriculture sector. Headed by He Jianxiang, the deputy director-general of the Bureau of Product Processing at China’s Ministry of Agriculture, the delegation met ...

Preah Sihanouk provincial authorities will ask the government to deal with 10 sellers who refuse to relocate from Koh Puos – or Hawaii beach – and Lomher Kay beach.​ Vendors’ representatives have asked for compensation from provincial authorities to relocate to a new area. ...

The promises of Chinese agro-industrial investment have been recurrent: Hyped up by local officials and media outlets, with photographs of handshakes and earnest negotiation posted across social media, major deals are announced between government ministries and visiting delegations. ...

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts ...

A new study on wind energy and its potential to diversify Cambodia’s energy sector is now being conducted, with results expected for mid next year, according to a representative of the Ministry of Mines and Energy. ...

Cambodia’s economy is predicted to remain strong and resilient for the next two years, fuelled by a shift to higher value-added manufacturing, despite lingering concerns over political stability and the slowed growth of both the construction and garment sectors, the World Bank said yesterday in ...

Delegates gathered at the Cambodia-Fujian Business and Tourism seminar in Phnom Penh yesterday to discuss opportunities for investment in the Kingdom through increased trade in both the energy and garment sector. ...