Investment
Investment policy and regulations
Korean deal gives palm sugar farmers pay day
Palm sugar farmers in Kampong Speu province will soon export their goods to South Korea, the senior officer of a grower’s network said on Monday. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said an agreement with the Korea Trade Investment Promotion Agency ...
Chan Muy Hong
http://www.phnompenhpost.com/business/korean-deal-gives-palm-sugar-farmers-pay-day
Germany's finance firm lends 10 mln USD to Cambodian microfinance institution
German Investment and Development Corporation (DEG) on Thursday signed to lend 10 million U.S. dollars to a leading Cambodian microfinance institution Hattha Kaksekar. The loan deal was inked here between Herbert Jaeger, Vice President of DEG Representative Office in Bangkok, and Hout Ieng Tong, President and ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/09/c_133032485.htm
Still much to learn about Times Centre
Construction on Times Centre’s three skyscrapers near Olympic Stadium will commence early this year, but little is known about several key aspects of the project, including the company behind the project. The Times Centre project, which will incorporate retail and office space with 1,000 condominium ...
Siv Meng
http://www.phnompenhpost.com/real-estate/still-much-learn-about-times-centre
Borei Keila Families Mark Anniversary Of Eviction
About 100 former residents of the Borei Keila community on Friday morning marked their violent eviction two years ago by authorities from their former neighborhood and demanded that their homes be rebuilt. “We are the families of Borei Keila, and with this ceremony we mark the ...
Sek Odom
http://www.cambodiadaily.com/news/borei-keila-families-mark-anniversary-of-eviction-50070/
Hitachi Sunway Making Inroads Into Cambodia
A Malaysia-Japan joint-venture company, Hitachi Sunway Information Systems Sdn Bhd, is making a foray into Cambodia after securing a deal with Aeon Co to supply point-of-sales (POS) systems to the Japanese retailer. The POS systems will be used to facilitate transactions for the tenants of the ...
Malaysian Digest News Staff
http://www.malaysiandigest.com/business/483263-hitachi-sunway-making-inroads-into-cambodia.html
Chinese company plans to invest USD 200 millions in Cambodia
A Chinese company, Chong Chi Khong Group, is planning to invest USD 200 millions in several projects in Cambodia during the first five years, said its CEO. Chang Chi Yong said his company is willing to invest in several projects such as dry port, special ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NGFiMGI1NDc0ZmU
Construction on submarine cable yet to begin
Web surfers and social-media addicts will have to hold out longer in the wait for Cambodia to boost its internet speeds, as construction on the Kingdom’s first submarine internet cable is behind schedule. Paul Blanche-Horgan, CEO of Ezecom, Cambodia’s largest internet provider, confirmed yesterday that the ...
Eddie Morton
http://www.phnompenhpost.com/business/construction-submarine-cable-yet-begin
Cambodian deputy PM leads delegation to China for bilateral meeting
Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong will lead a group of senior officials representing relevant ministries to attend the first meeting of Cambodia-China Intergovernmental Coordination Committee to be held from Jan. 1 to 3 in Beijing. The Cambodian Ministry of Foreign Affairs said ...
People's Daily Online News Staff
http://english.peopledaily.com.cn/90883/8499809.html
Cambodian PM encourages local businesses to invest in his country
PM Hun Sen made the statement at a meeting with Vietnamese investors in Ha Noi yesterday, which also included Viet Nam’s Deputy PM Nguyen Xuan Phuc and Cambodian Deputy PM cum Minister of Foreign Affairs and International Cooperation Hor Nam Hong. Hun Sen praised Vietnamese businesses, ...
Saigon GP Daily
http://www.saigon-gpdaily.com.vn/National/2013/12/107495/
Hun Sen, Tan Dung Sign 9 Agreements During Vietnam State Visit
Prime Minister Hun Sen on Thursday signed off on nine wide-ranging deals with his Vietnamese counterpart Nguyen Tan Dung during a state visit that ends Saturday, including arrangements to tighten media, public security and trade cooperation, according to Cambodian and Vietnamese state media. Cambodian state news ...
Zsombor Peter
http://www.cambodiadaily.com/news/hun-sen-tan-dung-sign-9-agreements-during-vietnam-state-visit-49735/
Tycoon to get $200 million for pig farm
To capitalise on a rising demand for pork, a state-owned Chinese company is pouring $200 million into ruling party senator and tycoon Mong Reththy’s pig farm in Preah Sihanouk province. ...
May Kunmakara
http://www.phnompenhpost.com/business/tycoon-get-200-million-pig-farm
Profits peeled at new centre
A pilot cashew-peeling factory in Kampong Thom province aims to make business easier for farmers who have traditionally relied upon sending their raw harvest elsewhere for processing. With $130,000 from the Asia Development Bank, the building went up in May on 3,600 square metres in Kampong ...
Hor Kimsay
http://www.phnompenhpost.com/business/profits-peeled-new-centre
Yearender: Cambodia's economy remains strong in 2013 despite political row, flood havoc: officials
Cambodia’s economy is expected to maintain the robust growth of over 7 percent this year even though the country is still trapped in political dispute and recovering from the aftermath of recent floods, senior officials and bankers said. But some analysts predicted that political trouble, coupled ...
Nguon Sovan and Wang Qibing
http://news.xinhuanet.com/english/business/2013-12/19/c_132979125.htm
Special Economic Zone Strike in Svay Rieng Ends—For Now
An estimated 30,000 garment factory workers will resume work this morning after three days of strike action ended Wednesday when Svay Rieng provincial officials promised to help the strikers achieve their demands from factory owners. The mass strike led the owner of the Tai Seng Special ...
Aun Pheap and Phann Ana
http://www.cambodiadaily.com/news/special-economic-zone-strike-in-svay-rieng-ends-for-now-49469/
Cambodian, Chinese firms ink deals to jointly invest in agriculture
Two Cambodian companies on Monday signed Memorandums of Understanding (MoU) with Chinese companies to invest in the agricultural sector. One deal was inked between Chan Sothea, general director of Cambodia’s Century Rice Group, and Ivan, managing director of Shengen Yonglongxin Industrial Company. Under the agreement, the two ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/16/c_132972733.htm
New lottery bets on success
Malaysian-owned company VW Win Holdings Plc launched lottery operation Camloto in the Kingdom this week, making it the second to go live in as many months. Camloto CEO Jimmy Kong unveiled the new start-up, which will draw its first ball tonight on all major TV stations, ...
Eddie Morton
http://www.phnompenhpost.com/business/new-lottery-bets-success
Herbalife Promises Cambodians Health, Wealth
The offices of Herbalife, a so-called multilevel marketing company that has moved into the protein powder market in Cambodia, stand like a beacon of promise in Phnom Penh’s Prampi Makara district: Six stories of glass and white paneling, crisp lime-green signage and a four-story-high banner ...
Matt Blomberg
http://www.cambodiadaily.com/news/herbalife-promises-cambodians-health-wealth-48828/
Avis pulling into town
International car rental operator Avis is bringing its brand to Cambodia and Laos, according to a statement released last week from local licensee RMA Group. If the deal is seen through, Avis would be the first global car rental company to compete in the Kingdom. The company ...
Eddie Morton
http://www.phnompenhpost.com/business/avis-pulling-town
UD Trucks to arrive in Kingdom
Japan-based UD Trucks Corporation is planning on selling its new heavy duty transport vehicle, the 2013 UD Quester, in Cambodia. Volvo Group-owned UD Trucks also launched the latest versions of the UD Quon, UD Fuel Demonstrator, UD Quester and Volvo FH at the Tokyo Motor Show ...
Chhim Sreyneang
http://www.phnompenhpost.com/business/ud-trucks-arrive-kingdom
Chinese TV station to launch
Cambodia could soon get its first Chinese-run digital television station, the latest local project hailing from a country that represents one of the Kingdom’s largest foreign investors. Yu Hua, deputy director of Yunnan Mobile Digital TV Corporation, based in China’s Yunnan province, met with Cambodia’s Minister ...
Eddie Morton
http://www.phnompenhpost.com/national/chinese-tv-station-launch
Aspara International's China flights delayed
The launch of a new airline promising regular flights between Phnom Penh and China has been stalled, awaiting government approval. Apsara International Air – co-owned by Chinese and Cambodian investors – now plans to begin operations sometime in 2014 as talks between the airline and the ...
May Kunmakara
http://www.phnompenhpost.com/business/aspara-internationals-china-flights-delayed
IMF Reiterates 7 Percent Growth Prediction for Cambodia
The head of the International Monetary Fund (IMF), Christine Lagarde, has reaffirmed an earlier prediction that Cambodia will grow 7 percent this year, in an interview published today by The Post newspaper. Lagarde praised the country’s economic outlook, although she acknowledged that it will face challenges, ...
Prensa Latina News Staff
http://www.plenglish.com/index.php?option=com_content&task=view&id=2140481&Itemid=1
China's Taiwanese bank looks into Cambodian financial sector
The Shanghai Commercial & Saving Bank (SCSB), one of the leading banks in China’s Taiwanese region, opened a representative office here on Monday thanks to increasing interest in Cambodia by Taiwanese business people, a bank official said. To date, Cambodia has six foreign banks’ representative ...
Global Times News Staff
http://www.globaltimes.cn/content/829199.shtml#.Up2E2cQW2Dt
DENSO, Toyota Tsusho and Aisin Seiki to Open Wholly-Owned Automotive After-Sales Service Store in Cambodia- Will offer high-quality automotive after-Sales services in emerging economies
DENSO Corporation , Toyota Tsusho Corporation and Aisin Seiki Co., Ltd., will jointly open a wholly-owned store in Cambodia that will offer automotive repair and maintenance services, as well as sell related automotive components. The wholly-owned store will start operations in February 2014 with the ...
Hispanic Business News Staff
http://www.hispanicbusiness.com/2013/11/28/denso_toyota_tsusho_and_aisin_seiki.htm