Investment
Investment policy and regulations
Cambodia is perfectly positioned to become a solar powerhouse
Phnom Penh’s first solar-powered building looks for all the world like a cube of colored Lego blocks dropped in a factory lot on the city’s industrial outskirts. Covered in some 1,350 solar panels — including large panes of multi-colored solar glass — the three-story building ...
Sarah Goodyear
http://nextcity.org/daily/entry/water-war-weapon-syria-cities
Apple to officially sell iPhones in Cambodia
Apple Inc. on Friday will officially launch the iPhone in Cambodia through its authorized reseller, iOne, giving customers—long used to gray market iPhones—access to Apple’s warranty. “The sales launch will be July 18. iOne, which has the monopoly right to import Apple’s products to Cambodia’s market ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/apple-to-officially-sell-iphones-in-cambodia-64448/
Berjaya Food share rises after Cambodia unit formed
Berjaya Food Bhd’s share on Bursa Malaysia rose in early trade today following the announcement yesterday that it had incorporated a new subsidiary in Cambodia. As at 9.57am, the counter rose four sen or 2.45% to RM1.67, after opening at RM1.64, with 47,000 shares changing hands. ...
Free Malaysia Today News
http://www.freemalaysiatoday.com/category/business/2014/07/10/berjaya-food-share-rises-after-cambodia-unit-formed/
Sokha Hotel expected to open by september
The $100 million Sokha Hotel and Residence on Phnom Penh’s Chroy Changva peninsula will be ready to receive its first guest by September, and recruitment is under way for more than 1,000 employees, the hotel’s owner said Monday. “We plan to open in September as a ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/sokha-hotel-expected-to-open-by-september-63481/
Will AEON mall succeed in one of the poorest countries in the world?
The presence of AEON Mall in Cambodia has stirred a lot of questions revolving around the future success of this Japanese giant mall. Since the official opening of the mall, thousands of people have flocked to visit this new mall. Not only people in general ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZmMxZmI4MTA1Mjg
Direct flights to Japan coming
Asia Atlantic Airlines, a Thai airline owned in part by Japanese tourism firm HIS Co, will launch scheduled flights between Cambodia and Japan this September, according a statement published by the airline on June 26. As of September 2, Asia Atlantic will run three weekly flights ...
Annie Lee
http://www.phnompenhpost.com/business/direct-flights-japan-coming
Delay Sesan dam: villagers
Villagers who will be displaced if the controversial Lower Sesan II dam is built called on the developers yesterday to postpone construction for five years, allowing time for a comprehensive resettlement scheme to be devised. But a government official dismissed their request as “beyond the pale”, ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/delay-sesan-dam-villagers
Acacia chip exports to receive tax break: PM
The tax imposed on the export of acacia chips is to be abolished to help boost exports of the locally grown raw product, Prime Minister Hun Sen announced on Monday. Speaking at the grand opening of Aeon Mall, Hun Sen said that acacia chips exported to ...
Chan Muyhong
http://www.phnompenhpost.com/business/acacia-chip-exports-receive-tax-break-pm
Angkor Gold confirms $10m partnership deal
Cambodian firm Angkor Gold Corp (ANK) on Thursday finalised a partnership agreement with Hong Kong firm Tohui Beishan Property Group Holding Limited (TG) worth more than $10.4 million. According to a company statement issued on the Toronto Stock Exchange, ANK granted the Hong Kong firm 7.9 ...
Eddie Morton
http://www.phnompenhpost.com/business/angkor-gold-confirms-10m-partnership-deal
Local IT firm eyes off-shore expansion
Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...
Chan Muyhong
http://www.phnompenhpost.com/business/local-it-firm-eyes-shore-expansion
Japanese chain to open hotel in 2015
Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...
Siv Meng
http://www.phnompenhpost.com/post-weekend/japanese-chain-open-hotel-2015
US firm to build border market in Takeo
Realco Cambodia Ltd., a U.S.-owned company, plans to invest $7 million to build a market at the Phnom Din checkpoint on the border with Vietnam in Takeo province’s Kirivong district, a senior official at the Takeo, Kampot and Kep Provincial Chamber of Commerce said Friday. Realco ...
Kang Sothear
http://www.cambodiadaily.com/business/us-firm-to-build-border-market-in-takeo-62693/
Locals still off-limits, PM cautions casinos
As Cambodian migrant workers return in droves from Thailand through the casino-laden border town of Poipet, Prime Minister Hun Sen is warning gambling parlour owners this does not mean a jackpot for them. “Casinos in Phnom Penh and along the border are not for Khmer citizens,” ...
Meas Sokchea
http://www.phnompenhpost.com/national/locals-still-limits-pm-cautions-casinos
Japanese firm signs agreement with bank
Publicly listed Japanese conglomerate Resona Holdings signed an agreement yesterday with Cambodia Public Bank (Campu) aimed at increasing its customer base in the Kingdom’s banking sector. Resona Holdings subsidiary firms Resona Bank, Saitama Bank and Kinki Osaka Bank are all part of the agreement, which allows ...
Hor Kimsay
http://www.phnompenhpost.com/business/japanese-firm-signs-agreement-bank
Gambling on change
The Cambodian government is drafting a series of changes to the Kingdom’s gaming laws in a bid to draw major players from Macau and the US to the market and potentially create a new tax base from the growing, if currently illegal, online betting industry, ...
Eddie Morton
http://www.phnompenhpost.com/business/gambling-change
Aid, Aeon on agenda for Japan
The Japanese government will offer more than $21 million in grant aid and loans to Cambodia when Foreign Minister Fumio Kishida visits later this month, according to a statement released by the Ministry of Foreign Affairs. According to the statement, Kishida will ink a number of ...
Cheang Sokha
http://www.phnompenhpost.com/national/aid-aeon-agenda-japan
Company launches energy-efficient light program
A South Korean company on Monday completed a $100,000 energy-efficient street light initiative in Pursat province, and said it will now invest $100 million to construct a factory to manufacture the lights, officials said. The Global Digital Media Group Co. Ltd. installed 200 light-emitting diode (LED) ...
Hul Reaksmey
http://www.cambodiadaily.com/news/one-china-policy-stymies-citizenship-scam-62210/
South Korean bank buys local MFI
South Korea-based Woori Bank has purchased Cambodian microfinance institution Malis Finance for $4.9 million. Hun Soopheak, general manager of Malis Finance, said the deal was finalised two weeks ago; however, the firm is still awaiting approval from Cambodian regulators. ...
Chan Muyhong
http://www.phnompenhpost.com/business/south-korean-bank-buys-local-mfi
Chinese firm acquires large stake in Kampot $100m cement factory
Chinese firm Huaxin Cement Co has purchased a 40 per cent stake in Cambodia Cement Chakrey Ting Factory Co, a cement-making factory currently under construction in Kampot province. Huaxin’s $24 million investment Cambodia Cement lifted the local factory’s working capital to $60 million, up from $32 ...
Chan Muyhong
http://www.phnompenhpost.com/business/chinese-firm-acquires-large-stake-kampot-100m-cement-factory
Feed plant in Pailin to aid farmers’ stockpiles
Pailin province’s $5 million animal-feed processing plant and warehouse is to finish construction in the next three months and it is a welcomed development for the local farming community. The plant’s owner, Chea Kea, who also owns Diamond Crown casino on the border with Thailand in ...
Chan Muyhong
http://www.phnompenhpost.com/business/feed-plant-pailin-aid-farmers%E2%80%99-stockpiles
Acleda sets aside $39M for branch expansion
Acleda Bank has reinvested $39 million of profits back into its operations instead of paying out dividends to shareholders, an announcement on its website states. It is the 11th time Alceda has opted to increase registered capital, with the latest top-up taking the bank’s total capital ...
May Kunmakara
http://www.phnompenhpost.com/business/acleda-sets-aside-39m-branch-expansion
Ly Yong Phat wants TV station
Prominent tycoon and ruling party senator Ly Yong Phat has now set his sights on the media landscape. Phat, the head of LYP Group, on Friday confirmed plans that he is seeking to set up a television station. The entry of an LYP channel, proposed as part ...
May Kunmakara
http://www.phnompenhpost.com/business/ly-yong-phat-wants-tv-station
Salt makers shake out a big surplus
Cambodia’s salt production rose sharply at the end of this year’s harvest season thanks to more favourable weather conditions enhancing yields. Salt production in Kampot and Kep provinces – home to Cambodia’s salt fields – reached 147,000 tonnes this year, nearly double the 80,000 tonnes recorded ...
Hor Kimsay
http://www.phnompenhpost.com/business/salt-makers-shake-out-big-surplus
Back on timber patrol
When Cambodia’s most prominent forest activist, Chut Wutty, was gunned down in April 2012, the community network he created to sabotage the rampant deforestation of this vast forest fragmented. The forest patrols that he organised nearly ground to a halt. Without money to fund large-scale expeditions, ...
May Titthara and Daniel Pye
http://www.phnompenhpost.com/national/back-timber-patrol