Economy and commerce
Investment
Upcoming Government-Private Sector Forum to tackle business and investment challenges
The Government-Private Sector Forum, scheduled to take place in November this year, will address and tackle challenges in businesses and investment and set up strategic drives to boost the economy, said Cambodian Prime Minister Hun Manet. ...
Khmer Times Staff
https://www.khmertimeskh.com/501371086/upcoming-government-private-sector-forum-to-tackle-business-and-investment-challenges/
CDC approves investment of $256.56 million, ‘27K new jobs’
The Council for the Development of Cambodia (CDC) approved 26 private ventures in September, totalling an investment of $256.65 million, projected to create 27,262 jobs. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-investment-25656-million-27k-new-jobs
Diversification and Market Access: RCEP Positively Impacts Cambodia’s Economy
The Regional Comprehensive Economic Partnership (RCEP) agreement, which came into effect in 2022, has played a significant role in diversifying Cambodia’s economy and boosting its exports, according to Aaditya Mattoo, chief economist of the World Bank’s East Asia and Pacific Region. ...
Khmer Times Staff
https://www.khmertimeskh.com/501370132/diversification-and-market-access-rcep-positively-impacts-cambodias-economy/
Belt and Road Economic Information Partnership records growth with 56 members
A significant meeting was conducted in the bustling eastern Chinese city of Shanghai last Wednesday to deliberate on economic information sharing, focusing on enriching the ongoing efforts of the Belt and Road Initiative (BRI). ...
Khmer Times Staff
https://www.khmertimeskh.com/501369310/belt-and-road-economic-information-partnership-records-growth-with-56-members/
Cambodia, AIIB sign financing agreement worth $43 million
Royal Government of Cambodia (RGC) and the Asian Infrastructure Investment Bank (AIIB) Tuesday signed an agreement worth $43 million for the cross-border livestock health and value chain infrastructure improvement project, said a statement. ...
Kang Sothear
https://www.khmertimeskh.com/501368436/cambodia-aiib-sign-financing-agreement-worth-43-million/
New investment law entices Hong Kong investors
Hong Kong investors are keen to explore investment opportunities in Cambodia and have pledged to introduce business potentials created by Cambodia’s new investment law and its sub-decrees to their colleagues back home. ...
Hin Pisei
https://www.phnompenhpost.com/business/new-investment-law-entices-hong-kong-investors
$1B needed to finish unfinished projects in Sihanoukville
At least $1 billion is required to invest in completing the unfinished buildings in the coastal city Sihanoukville, said a senior official at the Preah Sihanouk Provincial Administration. ...
Kang Sothear
https://www.khmertimeskh.com/501366193/1b-needed-to-finish-unfinished-projects-in-sihanoukville/
Protecting against investment fraud in the securities sector
The SERC was established on October 19, 2007 under “Preah Reach Kram No. NS/RKM/1007/028”, which promulgated the “Law on the Issuance and Trading of Non-Government Securities”, as the sole authority to regulate, monitor and develop the securities sector in the Kingdom. ...
CDC encourages investment from Islam World members
Sun Chanthol, first vice-president of the Council of the Development of Cambodia (CDC), encouraged entrepreneur members of the Malay World Islam World (DMDI) to consider investing in the Kingdom, highlighting the many incentives in place to reward economic opportunities in the country. ...
Van Socheata
https://www.phnompenhpost.com/business/cdc-encourages-investment-islam-world-members
UK investment, exports set to grow
Recently-appointed UK Prime Minister’s Trade Envoy to Cambodia and Laos Heather Wheeler is looking to expand trade and investment with Cambodia as the two countries celebrate 70 years of diplomatic relations. ...
May Kunmakara
https://www.phnompenhpost.com/business/uk-investment-exports-set-grow
Protecting against investment fraud in the securities sector
While no investment is entirely without risk, the Securities and Exchange Regulator of Cambodia (SERC) is 100 per cent committed to ensuring that investors in the Kingdom are protected from fraudulent practices. ...
Foreign Ministry: PM Hun Manet engages in fruitful meetings with foreign dignitaries and business leaders in New York
Prime Minister Hun Manet has engaged in fruitful meetings with foreign dignitaries and business leaders during his trip to New York from Sept. 21 to 24 to attend the General Debate of the 78th Session of the United Nations General Assembly, according to a press ...
Khmer Times Staff
https://www.khmertimeskh.com/501366571/foreign-ministry-pm-hun-manet-engages-in-fruitful-meetings-with-foreign-dignitaries-and-business-leaders-in-new-york/
Dr Hun Manet encourages Pfizer to continue finding investment opportunities in Cambodia
Prime Minister of the Kingdom of Cambodia, Dr Hun Manet has encouraged Pfizer to continue to find investment and business opportunities in Cambodia and promote relations with stakeholders, especially the Ministry of Health of Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501366584/dr-hun-manet-encourages-pfizer-to-continue-finding-investment-opportunities-in-cambodia/
PM’s US trip aims to attract investors
Prime Minister Hun Manet will travel to the US this week and the visit is expected to attract more American investors and businessmen to Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501363030/pms-us-trip-aims-to-attract-investors/
Victims of tycoon’s alleged land fraud turn to child Labor and migration to repay debt
Like many of her neighbors in Kampong Cham, Seang Sinath borrowed tens of thousands of dollars to invest in a tycoon’s land scheme, falling into overindebtedness when the company stopped paying her back. ...
Sovann Sreypich
https://cambojanews.com/victims-of-tycoons-alleged-land-fraud-turn-to-child-labor-and-migration-to-repay-debt/
CDC approves $34.6 million worth of investment projects
Six new investment projects with a total capital of $34.6 million have been approved by the Council for the Development of Cambodia (CDC). ...
Khmer Times Staff
https://www.khmertimeskh.com/501361374/cdc-approves-34-6-million-worth-of-investment-projects/
Cambodia’s trade with China crosses $8 billion
China remained the biggest trading partner of Cambodia in the January to August period this year and the trade between the two countries reached $8.09 billion by the end of last month showing an increase of 1.1 percent compared to the same period in 2022. ...
Manoj Mathew
https://www.khmertimeskh.com/501359586/cambodias-trade-with-china-crosses-8-billion/
CDC urges Xiamen investors to tap vast opportunities in Kingdom
The Council for the Development of Cambodia (CDC) has sought investments from potential investors from China’s Xiamen city of the Fujian province amid the Kingdom setting records in terms of Foreign Direct Investments (FDIs) during the current year. ...
Nheng Chamrong
https://www.khmertimeskh.com/501359497/cdc-urges-xiamen-investors-to-tap-vast-opportunities-in-kingdom/
India critical to Cambodia’s FTA expansion plans
The emerging superpower India stands as a high potential for the Kingdom’s Free Trade Agreement (FTA) expansion plans, a leading Cambodian academician and international development expert has opined. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501359583/india-critical-to-cambodias-fta-expansion-plans/
PM to chair business forum in New York
The Cambodia Chamber of Commerce (CCC) and the US Chamber of Commerce will jointly host the Cambodia-US Business Forum in New York next Friday aimed at promoting investment and business opportunities in Cambodia. ...
Chea Vanyuth
https://www.khmertimeskh.com/501358561/pm-to-chair-business-forum-in-new-york/
Tax revenue dips 2% between Jan, July
The government collected 15.4 trillion riel or $3.7 billion in tax revenue in the first seven months of the year, which is equivalent to 58.7 per cent of the 2023 annual budget law, according to the Ministry of Economy and Finance. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-dips-2-between-jan-july
Chinese investment in agricultural sector gives fillip to economy
Chinese investment in the Kingdom’s agricultural sector has boosted the national economy and created jobs for local people, said an expert from the Chinese Cambodian Evolution Researcher Association. ...
Nheng Chamrong
https://www.khmertimeskh.com/501359851/chinese-investment-in-agricultural-sector-gives-fillip-to-economy/
Hun Sen suggests two key sectors for Japanese investors
Hun Sen, President of the Supreme Privy Council of His Majesty the King, has encouraged the Japanese investors to invest in Cambodia’s two key areas, including the establishment of factories for raw material processing, and advanced technology such as car assembly plants, production of electronic ...
Khmer Times Staff
https://www.khmertimeskh.com/501360042/hun-sen-suggests-two-key-sectors-for-japanese-investors/
China’s CHINT to open $2.5M medium voltage factory
A global smart energy solutions firm, Chinese-owned CHINT Group Co Ltd, is leveraging the Kingdom’s energy production capacity to support the rapid demand growth for medium-voltage power equipment in the country, as well as Thailand, Laos and Myanmar. ...
May Kunmakara
https://www.phnompenhpost.com/business/chinas-chint-open-25m-medium-voltage-factory