Tepco, Toshiba to manage power grids in Cambodia

Tokyo Electric Power Co. Holdings will team with Toshiba to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with soaring cleanup costs for the Fukushima nuclear plant disaster. ...

Nikkei
http://asia.nikkei.com/Business/Deals/Tepco-Toshiba-to-manage-power-grids-in-Cambodia

Uber gears up to enter market

Representatives from global ride-hailing behemoth Uber confirmed the company’s interest in starting operations in Cambodia during a meeting this week with Transportation Minister Sun Chanthol, according to one of the minister’s aides. ...

Matthieu de Gaudemar and Hor Kimsay
http://www.phnompenhpost.com/business/uber-gears-enter-market

South Korea eyes new investments

The Cambodia Chamber of Commerce and the Korea International Trade Association have announced a partnership to bring more South Korean investors to Cambodia. ...

Sum Manet
http://www.khmertimeskh.com/news/37317/south-korea-eyes-new-investments/

Kingdom pursuing tax treaty with South Korea

South Korea is pushing forward with discussions to hammer out a double taxation agreement (DTA) with the Kingdom that would provide an additional incentive for Korean businesses to set up shop and increase fiscal transparency while shielding individuals and corporations from being taxed twice. ...

Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-pursuing-tax-treaty-south-korea

US, Cambodia trade reaches $3 billion

The trade volume between Cambodia and the United States in 2016 reached about $3 billion, while nearly 240,000 American tourists visited the kingdom. Foreign Ministry spokesman Chum Sounry told reporters yesterday after a meeting between Foreign Minister Prak Sokhonn and Mom Rady, a Democratic member ...

Sum Manet
http://www.khmertimeskh.com/news/37034/us--cambodia-trade-reaches--3-billion/

BigPhone dials into local market

Mobile World Investment Corp (MWG) – one of the largest mobile phone and electronic products distribution chains in Vietnam – will open its first store in Cambodia, operating under the name BigPhone.com, according to Vietnamese state media. ...

Hor Kimsay
http://www.phnompenhpost.com/business/bigphone-dials-local-market

HomePro mulls investment in Cambodia

HomePro, a leading home improvement retailer in Thailand, is mulling expansion to neighboring countries – including Cambodia next year – with an investment budget of between $170 million and nearly $200 million. ...

May Kunmakara
http://www.khmertimeskh.com/news/36267/homepro-mulls-investment-in-cambodia/

Electronics plant construction starts

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.   ...

Sok Chan
http://www.khmertimeskh.com/news/36205/electronics-plant-construction-starts/

Hitachi forms joint venture with CMED

Japan’s Hitachi Ltd has officially entered into a joint venture partnership with the local construction company CMED Group Co Ltd, aimed at expanding its sales, installation and maintenance services for elevators and escalators throughout the Kingdom, the company announced on Friday. ...

Post Staff
http://www.phnompenhpost.com/business/hitachi-forms-joint-venture-cmed

Kingdom sees major increase in United States investment

US investments in Cambodia increased 15-fold last year, due mainly to the construction of a new Coca-Cola plant in the Phnom Penh Special Economic Zone, according to a statement from the Council for the Development of Cambodia (CDC). ...

Sok Chan
http://www.khmertimeskh.com/news/35808/kingdom-sees-major-increase-in-united-states-investment/

French and Vietnamese banks to open in Cambodia

Two more foreign banks—one French and one Vietnamese—announced plans earlier this week to open branches in Cambodia.   ...

Hang Sokunthea
https://www.cambodiadaily.com/news/french-and-vietnamese-banks-to-open-in-cambodia-125674/

Cluster model to entice SEZ investors

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 ...

Kali Kotoski
http://www.phnompenhpost.com/business/cluster-model-entice-sez-investors

Gray-market cars continue to deter potential investment

Germany’s car manufacturers are on edge as the U.K., their No. 1 importer, prepares to leave the E.U. And although expanding into Cambodia’s market is unlikely to ease their anxiety, German investors who gathered in Phnom Penh on Thursday said whatever potential might exist here ...

Hang Sokunthea
https://www.cambodiadaily.com/business/gray-market-cars-continue-to-deter-potential-investment-125321/

Thais seek business opportunities

More than 30 small and medium enterprises (SMEs) from Thailand came to Cambodia this week to explore business prospects and investment opportunities.   ...

Sum Manet
http://www.khmertimeskh.com/news/35554/thais-seek-business-opportunities/

Local supply of glass, mirror products

A China-based mirror manufacturing business that fabricates various glass and mirror products for use in the construction industry is keen to set up operations in the country. “Right now the industry is importing most of its construction materials from overseas and this makes it expensive. ...

Chea Vannak
http://www.khmertimeskh.com/news/35456/local-supply-of-glass--mirror-products/

Takeo province courts Chinese investors

Two Chinese companies are looking to lease land along the Cambodia-Vietnam border in Takeo province to build factories producing animal feed and processing meat for export. ...

Pech Sotheary
http://www.khmertimeskh.com/news/34491/takeo-province-courts-chinese-investors/

Kingdom on the agenda

Prime Minister Hun Sen attended a dinner with Swiss company executives in Zurich on Monday, where he invited investors to join the upcoming ASEAN World Economic Forum (WEF), which Cambodia will host for the first time in May. ...

Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-agenda

Uber now eyes Cambodia

US-based Uber will conduct a study on the feasibility of operating its ride-sharing services here in Cambodia, its representatives told the Commerce Ministry on Friday. Commerce Minister Pan Sorasak told Uber Asia-Pacific representatives Chan Park and Brian Shroder that the increased proliferation of internet and mobile ...

May Kunmakara
http://www.khmertimeskh.com/news/34343/uber-now-eyes-cambodia/

Sugar mill to resume operation

A $360 million sugarcane factory will start operating next month after stopping last June due to a shortage of raw material. The Rui Feng sugarcane mill opened last April with capacity to produce nearly half a million tons a year for export, mainly to Europe and ...

Chea Vannak
http://www.khmertimeskh.com/news/34341/sugar-mill-to-resume-operation/

$30B casino, theme park project mooted

MQ Technology Bhd, a Malaysian investment holding company, is looking to form a joint venture with a newly formed entity, Cambodian Resorts and Entertainment Co Ltd, to build a $30 million casino and theme park in Prey Veng province near the Vietnamese border, according to ...

Kali Kotoski
http://www.phnompenhpost.com/business/30b-casino-theme-park-project-mooted

Kolao revs up its investment

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. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/kolao-revs-its-investment

Minebea opens third plant

Minebea, the largest Japanese company in Cambodia, officially opened a third manufacturing plant in the Phnom Penh Special Economic Zone yesterday to coincide with the fifth anniversary of its presence in the country. Yoshihisa Kainuma, president and CEO of Mineba (Cambodia), told reporters at the ...

Sok Chan
http://www.khmertimeskh.com/news/32942/minebea-opens-third-plant/

Chinese firm mulls energy sector prospects

A leading Chinese manufacturer of power transmission and distribution equipment recently visited Cambodia to explore opportunities in the Kingdom’s rapidly growing energy sector, including a proposal for a factory to produce equipment for the electricity sector. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/chinese-firm-mulls-energy-sector-prospects

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