Economy and commerce
Investment
More investment anticipated following Fujian investors’ visit
Cambodia is optimistic of an increase in direct investment or joint ventures with Chinese investors following a successful visit by a delegation of entrepreneurs from Fujian province who specialise in sectors such as mining, energy, manufacturing, tourism, accommodation, and heating and air conditioning. ...
Hin Pisei
https://www.phnompenhpost.com/business/more-investment-anticipated-following-fujian-investors-visit
New Government formation to bring more new investments
The formation of the new Royal Government of Cambodia will bring new investments to the country, generating more jobs and contributing to the economic growth. ...
Khmer Times Staff
https://www.khmertimeskh.com/501347755/new-government-formation-to-bring-more-new-investments/
Factory demand soars in 2023, despite slower overall investment
Demand for industrial property in 2023 is rising compared to 2022, said Stephen Suen, long-time commercial and industrial property expert and co-owner-operator of Yi Fung Real Estate Services in Phnom Penh since 2015. ...
James Whitehead
https://www.khmertimeskh.com/501344749/factory-demand-soars-in-2023-despite-slower-overall-investment/
Preah Sihanouk, Thai delegation discuss investment potential
Preah Sihanouk Provincial Administration received a delegation from the Thai Enterprise Development Division to discuss investment potential in the province. ...
Khmer Times Staff
https://www.khmertimeskh.com/501345427/preah-sihanouk-thai-delegation-discuss-investment-potential/
Thailand’s PTT Oil plans aviation fuel depot
Public-listed Thai conglomerate PTT Oil and Retail (OR) will be investing $100 million to develop an oil depot for aviation refuelling at Techo International Airport (TIA), Phnom Penh’s new airport, where first phase operation is scheduled in mid 2024. ...
May Kunmakara
https://www.phnompenhpost.com/author/may-kunmakara/17732
ASEAN economic ministers ‘optimistic’
Geopolitical tensions could disrupt international trade and supply chain links, blocking efficiency gains derived from globalisation, ASEAN economic ministers (AEM) said at their 55th regional meeting. ...
Ry Sochan
https://www.phnompenhpost.com/national/asean-economic-ministers-optimistic
Tax revenue of $2.3b meets nearly 65% of GDT target
The continuous reform of tax procedures and understanding taxpayers have helped the tax revenue increase steadily, industry observers say. ...
Hin Pisei
https://www.phnompenhpost.com/business/tax-revenue-23b-meets-nearly-65-gdt-target
Kampong Speu anticipates business boom, 25 factories
Kampong Speu is gearing up for a business boom, with the provincial administration recently revealing plans to set up 25 new factories and enterprises later this year. ...
Kim Yutharo
https://www.phnompenhpost.com/business/kampong-speu-anticipates-business-boom-25-factories
Chinese firm to pump in $12.7B to Cambodia’s agri sector
The Chinese state-owned firm Danong Agricultural Development Group plans to invest $12.7 billion in Cambodia to transform the latter’s agriculture into digital smart agriculture, stock and regional transit hub for agricultural products that will produce different agricultural products to the Chinese market, said an official ...
Kang Sothear
https://www.khmertimeskh.com/501343619/chinese-firm-to-pump-in-12-7b-to-cambodias-agri-sector/
Investment opportunities in Cambodia unveiled
Top officials of Cambodia’s highest decision-making body for private and public investments on Friday presented key potential opportunities and challenges for investment in the country to Cambodian tycoons and foreign businesspeople. ...
Kang Sothear
https://www.khmertimeskh.com/501342478/investment-opportunities-in-cambodia-unveiled/
Cambodia pushes for investment hub status in ASEAN
Investment-friendly tax and investment laws and incentives, as well as the industrial development policy, are geared towards making Cambodia an investment hub and centre for automotive and electronics manufacturing in Southeast Asia. ...
Sangeetha Amarthalingam
https://kiripost.com/stories/cambodia-pushes-for-investment-hub-status-in-asean
Stimulating FDI to strengthen Cambodia’s economy
Despites the ongoing Covid-19 crisis and geopolitical tensions, foreign direct investment (FDI) inflows to Cambodia remain stable, attracting $3.6 billion last year, a senior official said on Friday. ...
Prak Chan Thul
https://kiripost.com/stories/stimulating-fdi-to-strengthen-cambodias-economy
A Chinese firm interested in agricultural investment in Kampong Thom province
A Chinese firm has expressed its interest to invest in the agricultural sector, particularly in cassava and corn cultivation and forage plant breeding in the central province of Kampong Thom. ...
Khmer Times Staff
https://www.khmertimeskh.com/501341112/a-chinese-firm-interested-in-agricultural-investment-in-kampong-thom-province/
Silk sector challenged by reduced capital, investment
Cambodia is seeking increased foreign investment in the silk sector amid widespread promotion of the sector in the international market. ...
Hin Pisei
https://www.phnompenhpost.com/business/silk-sector-challenged-reduced-capital-investment
Australia supports Cambodia through AFID
Australia is supporting Cambodia through the Agri-Food Investment Table (AFID) to attract investment and develop new markets and revenue flow. ...
Adur Pradeep
https://www.khmertimeskh.com/501338600/australia-supports-cambodia-through-afid/
Number of factories in Kingdom rises in H1
New factories were established in Cambodia in the first half of this year despite a decrease in exports of manufacturing products due to slow demand from main markets. ...
Chea Vanyuth
https://www.khmertimeskh.com/501338601/number-of-factories-in-kingdom-rises-in-h1/
Pharmaceutical company contaminates Sangke River, Battambang authorities say
A pharmaceutical company leaked chemicals into the Sangke River, contaminating water used by community members and killing fish, according to Battambang provincial authorities. ...
Sovann Sreypich and Eung Sea
https://cambojanews.com/pharmaceutical-company-contaminates-sangke-river-battambang-authorities-say/
Korean investors plan to set up a cashew processing plant in Cambodia for export
Representatives of the Korea Agro-Industrial Resources Association plan to set up a cashew processing plant in Cambodia for export to international markets. ...
Khmer Times Staff
https://www.khmertimeskh.com/501337218/korean-investors-plan-to-set-up-a-cashew-processing-plant-in-cambodia-for-export/
Singaporean business delegation eye market potential in Cambodia
Minister of Economy and Finance Aun Pornmoniroth recently welcomed delegates from the Singapore Business Federation (SBF) for talks aiming to explore the market potential and investment opportunities in Cambodia. ...
Bor Pich Zelin
https://www.phnompenhpost.com/business/singaporean-business-delegation-eye-market-potential-cambodia
China’s Ningbo investors seek opportunities in Cambodia
Around 40 companies are expected to explore investment opportunities in Cambodia this month, thanks to the optimism felt by a delegation of Chinese investors who met with the Council for the Development of Cambodia (CDC) yesterday. ...
Hin Pisei
https://www.phnompenhpost.com/business/chinas-ningbo-investors-seek-opportunities-cambodia
Investment options in securities market at different stages of life
Much like when building a career or successfully running a business, it is important when taking care of one’s investments to know that there are different investment strategies best suited to each stage of life. ...
New Siem Reap int’l airport nearly ready for take-off
The State Secretariat of Civil Aviation (SSCA) on July 26 reconfirmed that the new “Siem Reap Angkor International Airport” will officially begin operations on October 16, and revealed that “non-commercial and non-profitable” test flights are set to be conducted from October 5-15, “as per necessary”. ...
May Kunmakara
https://www.phnompenhpost.com/business/new-siem-reap-intl-airport-nearly-ready-take
Cambodia’s H1 export of Chapter 94 items down 30%
Cambodia earned $369.643 million from the export of “furniture, lighting signs, prefabricated buildings” in the first half (H1) of 2023, down 29.67 per cent from $525.591 million in 2022H1 and down nearly 12.5 per cent from $422.67 million in 2022H2, according to provisional Customs (GDCE) ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodias-h1-export-chapter-94-items-down-30
Sihanoukville Special Economic Zone, a platform for cross-border investment along the BRI
After graduating from college, Yue Xiduo, a man born in the 1990s, joined a tire company in the Sihanoukville Special Economic Zone, Preah Sihanouk Province, Cambodia. The man said he chose to work here because the special economic zone is an important project for a ...
Khmer Times Staff
https://www.khmertimeskh.com/501331324/sihanoukville-special-economic-zone-a-platform-for-cross-border-investment-along-the-bri/