Economy and commerce
Investment
EU-funded garment industry energy audits kick off
Switch Garment, in collaboration with New Delhi-based The Energy and Resources Institute (Teri) and the Institute of Technology of Cambodia (ITC), kicked off a series of energy audits in Cambodian garment factories. ...
May Kunmakara
https://www.phnompenhpost.com/business/eu-funded-garment-industry-energy-audits-kick
‘The devil is in the details’ – Tax versus incentives in new investment law
The new Law on Investment is expected to come into force next year, 10 years after the government embarked on a plan to repeal the existing statute, which was enacted in 1994, and amended in 2003. ...
Sangeetha Amarthalingam
https://www.phnompenhpost.com/special-reports/devil-details-tax-versus-incentives-new-investment-law
OCIC: Koh Norea project filling to complete by Dec
Southeastern Phnom Penh’s colossal 125ha Koh Norea satellite city project is pressing ahead, with river filling on track to be completed by the end of this year, according to Touch Samnang, deputy director-general of developer Overseas Cambodian Investment Corp Ltd (OCIC). ...
Hin Pisei
https://www.phnompenhpost.com/business/ocic-koh-norea-project-filling-complete-dec
CDC endorses 12 projects worth over $79M as of Aug 23
The Council for the Development of Cambodia (CDC) has approved final registration certificates for 12 projects with capital investment of over $79 million this month as of August 23, which could generate a reported 4,048 new jobs. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-endorses-12-projects-worth-over-79m-aug-23
Ministry of Agriculture calls for investments in Longan processing
Ministry of Agriculture, Forestry, and Fisheries has called on private sector to invest in processing facilities for longan, while is also in talks to export the fruit to more international markets. ...
Khmer Times Staff
https://www.khmertimeskh.com/50920608/ministry-of-agriculture-calls-for-investments-in-longan-processing/
Six listed firms post Q2 recovery
Six companies with securities listed on the Cambodia Securities Exchange (CSX) reported a recovery in business performance in the second quarter of this year over the early days of the health crisis, on the back of the rapid pace of the Covid-19 vaccination programme in ...
May Kunmakara
https://www.phnompenhpost.com/business/six-listed-firms-post-q2-recovery-0
$5.5 Mn of investments in new apparel projects ‘will create 1,200 jobs’
Two new investment projects worth a combined $5.5 million have been approved by the Council for the Development of Cambodia (CDC). ...
Michael Firn
https://www.khmertimeskh.com/50917469/5-5-mn-of-investments-in-new-apparel-projects-will-create-1200-jobs/
Technical team to study land use in planned Sihanoukville economic zone
The government has set up a working group to develop land management and policy in Sihanoukville as part of a plan to turn the province into a multi-purpose special economic zone (SEZ). ...
Michael Firn
https://www.khmertimeskh.com/50917450/technical-team-to-study-land-use-in-planned-sihanoukville-economic-zone/
High-end labels coming to Cambodia
The world’s most prestigious brands will be entering the market over the next 12 months as Blue Bell Group announced yesterday that it has secured a landmark deal to manage one of the country’s most-anticipated retail projects. ...
Husain Haider
https://www.khmertimeskh.com/50917137/high-end-labels-coming-to-cambodia/
New draft of investment law given National Assembly committee OK
The National Assembly committee has passed the draft bill of the new investment law. With that come hopes for it to contribute to and enhance the Kingdom’s investment environment to benefit the nation. ...
Chea Vanyuth
https://www.khmertimeskh.com/50914236/new-draft-of-investment-law-given-national-assembly-committee-ok/
SSEZ handles $1.2B in goods
The value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.185 billion in the first seven months of 2021, an increase of 44.51 per cent year-on-year, the operator reported. ...
Thou Vireak
https://www.phnompenhpost.com/business/ssez-handles-12b-goods
Gia Lai province in Vietnam to boost trade links with Cambodia’s border provinces
Border trade infrastructure between Gia Lai province and Cambodia’s localities sharing the same border line will be developed to promote goods trading and exchange activities under a programme to develop Vietnam’s border trade infrastructure to 2025, with a vision to 2030. ...
Khmer Times Staff
https://www.khmertimeskh.com/50912806/gia-lai-province-in-vietnam-to-boost-trade-links-with-cambodias-border-provinces/
New investment draft law intended to incentivise broadening of the economy
Cambodia’s new investment draft law is set to introduce new incentives for people to invest in the country. ...
Husain Haider
https://www.khmertimeskh.com/50908840/new-investment-draft-law-intended-to-incentivise-broadening-of-the-economy/
Lockdown against COVID-19 hampers Century Entertainment’s launch of new Cambodian casino
Strict lockdown measures in place nationwide, implemented on July 29 has again hampered the opening of Century Entertainment’s launch of new Cambodian casino in Koh Kong. ...
Khmer Times Staff
https://www.khmertimeskh.com/50908972/lockdown-against-covid-19-hampers-century-entertainments-launch-of-new-cambodian-casino/
Best, Cainiao launch China logistics service
Best Inc, a Chinese smart supply chain solutions and logistics services provider, on August 2 rolled out a “full-chain, direct logistics service” to send packages from China to Cambodia, Thailand and Vietnam, it said in a press release. ...
Thou Vireak
https://www.phnompenhpost.com/business/best-cainiao-launch-china-logistics-service
GDT and Japanese embassy hosts virtual discussion with investors
The General Department of Taxation at the Ministry of Economy and Finance and Japanese Embassy to Cambodia held a virtual discussion Monday in conjunction with the Japanese embassy on tax considerations for Japanese investors. ...
Chea Vanyuth
https://www.khmertimeskh.com/50908193/gdt-and-japanese-embassy-hosts-virtual-discussion-with-investors/
New garment sector investments exceeding $8mn approved by CDC
The Garment Manufacturers Association in Cambodia (GMAC) is welcoming new investments in one of the Kingdom’s pillar industries as new variants and outbreaks lead to a string of downgrades in economic projections. ...
Husain Haider
https://www.khmertimeskh.com/50908192/new-garment-sector-investments-exceeding-8mn-approved-by-cdc/
NBC and NSSF joining hands in investment management
The National Bank of Cambodia (NBC) and the National Social Security Fund (NSSF) have entered into a partnership on social security planning, investment management and human resource development. ...
May Kunmakara
https://phnompenhpost.com/business/nbc-and-nssf-joining-hands-investment-management
GFX spurns meeting set with gov’t and victims
Embattled derivatives brokerage GoldFX Investment Co Ltd (GFX) was a no show at a tripartite meeting with victims that had been scheduled for Friday. ...
Husain Haider
https://www.khmertimeskh.com/50907147/gfx-spurns-meeting-set-with-govt-and-victims/
CDC approves $71 million in new investments to create 9,500 jobs
Eight new projects worth $71.4 million have been approved by the Council for the Development of Cambodia (CDC). The new projects will create over 9,500 jobs at a critical juncture in the Kingdom’s economic recovery. ...
Michael Firn
https://www.khmertimeskh.com/50906237/cdc-approves-71-million-in-new-investments-to-create-9500-jobs/
Cambodia and Russia agree to boost bilateral trade and investment
Cambodia and Russia have agreed to boost bilateral cooperation on trade and investment, as the two countries mark the 65-year anniversary of the establishment of diplomatic relations. ...
Chea Vanyuth
https://www.khmertimeskh.com/50906438/cambodia-and-russia-agree-to-boost-bilateral-trade-and-investment/
Kingdom, Russia in investment vow
Cambodia and Russia have pledged to explore ways to encourage and promote joint investment projects between the two countries, according to the Ministry of Foreign Affairs and International Cooperation. ...
Thou Vireak
https://phnompenhpost.com/business/kingdom-russia-investment-vow
Phnom Penh-Sihanoukville Expressway construction works on schedule
According to the Ministry of Public Works and Transport of Cambodia, the construction of the Phnom Penh-Sihanoukville Expressway is progressing smoothly and to date, the project has achieved 63% in terms of overall completion. ...
Khmer Times Staff
https://www.khmertimeskh.com/50905822/phnom-penh-sihanoukville-expressway-construction-works-on-schedule/
Cambodia, China renew pledge for $10B in trade value by 2023
Cambodia and China are committed to increasing bilateral trade to $10 billion by 2023, from $8 billion last year, according to a senior official at the Cambodian Ministry of Commerce. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-china-renew-pledge-10b-trade-value-2023