Special economic zones

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. ...

CSX-listed Phnom Penh SEZ Plc has announced it will issue 14 million new shares after securing shareholder approval on Friday during a general meeting. ...

The government is planning to build a massive economic zone in Preah Sihanouk province to accommodate up to 10,000 factories similar to Thailand’s eastern economic corridor. ...

More than 30 families living in Koh Kong province’s Kiri Sakor district yesterday protested against the work of a Special Economic Zone company owned by tycoon Ly Yong Phat. ...

he Kingdom’s biggest industrial park is moving beyond its initial development stage and looking to attract nearly 200 new tenants in the next five years as it doubles its footprint. ...

The Ministry of Industry and Handicrafts and the South Korea-based firm Gwangju TechoPark will soon reach a deal on improving technology in Cambodia’s special economic zones.   ...

The Phnom Penh Special Economic Zone and the United Nations Development Programme yesterday entered into an agreement to enhance PPSEZ’s corporate social responsibility in line with the UN’s Sustainable Development Goals. ...

A commuter rail service that runs from Phnom Penh’s central district to beyond its airport has slowly gained traction since it launched three months ago, raising the possibility that it could be expanded to connect the capital’s biggest industrial park. ...

Phnom Penh Special Economics Zone (PPSEZ) showed its decline of revenue to 42 percents in 2016 which causes 65 percent of net profit’s downfall comparing to the year of 2015,  it said in a filing to the Cambodia Securities Exchange yesterday. ...

SVI Cambodia, the local subsidiary, signed a 50-year lease in July 2015 and says it hopes the​ construction work will be complete by October.   ...

Kerry WorldBridge Logistics SEZ, which is developing a 63-hectare industrial park and free trade zone 17 kilometres south of the capital in Kandal province, has taken on a new partner to design and create an “industry and technology cluster” aimed at attracting non-garment manufacturing investment ...

A special economic zone (SEZ) in Poipet City has decided to import electricity from Thailand to ensure a reliable power supply as it expects the influx of more factories and investment. ...

Phnom Penh SEZ posted a 42.5 percent decline in consolidated revenue for 2016, which led to a sharp 65 percent decrease in net profit, according to its annual report released on the Cambodia Securities Exchange (CSX) yesterday. ...

Stable and quality electricity is needed to attract additional high-value-added manufacturing to Cambodia, but the quality of electricity in the kingdom remains a challenge for investors as the manufacturing sector continues to diversify. ...

A joint venture between South Korean and Cambodian investors is planning to establish an industrial park on approximately 100 hectares in Kampong Chhnang province with an on-site solar farm to provide cheap electricity for its tenants. ...

Kolao Group, a South Korean-owned automaker and distributor, plans to build factories in a proposed industrial park in Cambodia to assemble its proprietary line of automobiles and motorcycles, a company executive said yesterday. ...

Transport Minister Sun Chanthol has vowed to reinvigorate a long-dormant project to connect the Kingdom’s sole operating railway line to the capital’s biggest industrial park – a move that would boost rail traffic ahead of the completion of a rail link to northwestern Cambodia and ...

Japanese electronics manufacturer Minebea expects to complete construction of its third factory in Cambodia by the end of the year, allowing the company to diversify its operations toward more value-added products, a company official said yesterday. ...

A Chinese steel company is in talks with Sihanoukville Special Economic Zone (SSEZ) to set up an industrial facility in the zone, a marketing executive said on Saturday. ...

The 50 percent drop in revenue of the Phnom Penh Special Economic Zone (PPSEZ) recently announced for the first nine months of the year is due mainly to a significant decline in land sales, a senior official said yesterday. According to the initial, un-audited revenue statement ...

A Cambodian subsidiary of Thai electronics manufacturing services company SVI Plc is moving closer to commencing construction on a factory on the outskirts of Phnom Penh that will manufacture electronics equipment for export to the US and Europe, a company representative said yesterday. ...

Kampong Speu province will soon be home to a Chinese-funded agricultural special economic zone (SEZ) with facilities to research plant diseases, after the Ministry of Agriculture and Tian Rui (Cambodia) Agricultural Cooperation SEZ Co., signed a memorandum of understanding (MoU) yesterday. ...

Thailand’s Amata Corporation Plc., which is the country’s largest listed conglomerate in the industrial estate sector, is keen to set up a special economic zone (SEZ) in Cambodia due to the Kingdom’s strategic geographical location in the Greater Mekong Sub-region. The plan was announced on Sunday ...

China has pledged to increase its investment in Cambodia in return for the Kingdom’s commitment to its regional policies and economic initiatives in Southeast Asia. Wang Lei, secretary-general of the Chinese-ASEAN Expo (CAEXPO) Secretariat, said on Wednesday that Cambodia had thrown its full support behind China’s ...