Economy and commerce
Investment
New draft law on investment mulled
The government is sending a new draft law on investment to the private sector to discuss ways to make it more comprehensive and help Cambodia become an attractive destination for new investment and to improve the investment environment in the country. ...
Sok Chan
https://www.khmertimeskh.com/50773944/new-draft-law-on-investment-mulled/
EUROCHAM urged to attract more investors
Labor Minister Ith Samheng yesterday asked the European Chamber of Commerce in Cambodia (EUROCHAM) president Tassilo Brinzer to help attract more investors to Cambodia. ...
Sen David
https://www.khmertimeskh.com/50773408/eurocham-urged-to-attract-more-investors/
Cambodian cabinet endorse 629 public investment projects for 2021-2023
The Cabinet Meeting, held here this morning under the chairmanship of Prime Minister Hun Sen, approved the draft 3-Year Rolling Public Investment Programme 2021-2023. ...
Khmer Times Staff
https://www.khmertimeskh.com/50771846/cambodian-cabinet-endorse-629-public-investment-projects-for-2021-2023/
Vast Prince Manor fun park opens to much fanfare in Kandal
Chinese-owned Prince Culture and Development Co Ltd officially launched the $85 million Prince Manor entertainment centre in Kandal province on Wednesday. Prince Manor is located along National Road 1, 20km from the centre of Phnom Penh. It is the first major theme park project in ...
May Kunmakara
https://www.phnompenhpost.com/business/vast-prince-manor-fun-park-opens-much-fanfare-kandal
Government looks at easing investment procedures
The Cambodian government is working hard at becoming more flexible to attract foreign investments and boost external trade to keep pace with the ever changing global trading environment. ...
Sorn Sarath
https://www.khmertimeskh.com/50770066/government-looks-at-easing-investment-procedures/
Government to draft policy to boost pepper value
The government is now drafting a policy on pepper with the intention of scaling up a competitive advantage, attract investors and boost added-value to Cambodian pepper production, according to a senior official at the Ministry of Commerce. ...
Sok Chan
https://www.khmertimeskh.com/50768753/government-to-draft-policy-to-boost-pepper-value/
Premier Hun Sen seeks more investment from the US
Prime Minister Hun Sen yesterday said that although the COVID-19 pandemic has caused a severe impact on many Cambodians’ livelihoods and the economy, the government will not slow down its reform and development in any sector. ...
Sok Chan
https://www.khmertimeskh.com/50765232/premier-hun-sen-seeks-more-investment-from-the-us/
New manufacturing firms provide much-needed jobs
More foreign investment is being injected into Cambodia after a manufacturing company announced a new production line and an opening of more than 1,000 new jobs in Kampong Speu province. ...
Jason Boken
https://www.khmertimeskh.com/50764902/new-manufacturing-firms-provide-much-needed-jobs/
$2.7 million of investment welcome in times of need
Logwood Apparel Co Ltd has been given the go-ahead from the Council for the Development of Cambodia (CDC) to build a factory in Kandal Stung district, Kandal province. The newly-approved project with a total investment of $2.7 million covers the production of clothes and medical ...
Jason Boken
https://www.khmertimeskh.com/50764132/2-7-million-of-investment-welcome-in-times-of-need/
Foreign investors complain about the Kingdom’s business strictures
Foreign investors have asked the Cambodia government to reduce the cost of a certificate of origin (CO), which is currently far more expensive than other countries in ASEAN. ...
Sorn Sarath
https://www.khmertimeskh.com/50762873/foreign-investors-complain-about-the-kingdoms-business-strictures/
Silk initiative reels in extra income for students
Representatives from six universities in Cambodia and the Ministry of Education, together with a member of the World Bank discussed ways to help students to make some money related to the agriculture sector, processing and related work. ...
Sok Chan
https://www.khmertimeskh.com/50757496/silk-initiative-reels-in-extra-income-for-students/
Five more investment projects worth $60 Million licensed
The Council for the Development of Cambodia (CDC) has given the green light to five new investment projects with a total investment capital of $58 million.According to the council’s press release issued this morning, the newly approved projects are expected to create about 800 jobs ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50756987/five-more-investment-projects-worth-60-million-licensed/
Two Chinese firms invest in PPSEZ
Two Chinese-owned manufacturers have decided to invest in the Phnom Penh Special Economic Zone (PPSEZ) despite Covid-19. ...
Thou Vireak
https://www.phnompenhpost.com/business/two-chinese-firms-invest-ppsez
JETRO survey shows Cambodia may miss out on Japanese firms shifting focus to Southeast Asian nations
A rising number of Japanese companies are expanding business in Southeast Asia, according to the Japan External Trade Organization (JETRO). However, to date, there has been hardly any concrete information on how many of the Japanese entities have targeted Cambodia for relocation although both Japan ...
Chimphu.VN/Capital Cambodia
https://www.khmertimeskh.com/50755553/jetro-survey-shows-cambodia-may-miss-out-on-japanese-firms-shifting-focus-to-southeast-asian-nations/
Frozen food market to reach $120M
The Cambodian frozen food market is projected to reach $119.56 million by 2024 at a compound annual growth rate (CAGR) of 3.9 per cent during 2019-2024, Dublin-based Research and Markets reported. It said the increasing influence of Western food and an increase in tourism are ...
Thou Vireak
https://www.phnompenhpost.com/business/frozen-food-market-reach-120m
Industrial waste management facility to be built in SSEZ
An industrial waste management facility will be built inside the Sihanoukville Special Economic Zone (SSEZ) providing industrial waste recycling service to enterprises located inside the zone. The facility will be invested by Chip Mong Insee Cement (CMIC) of Chip Mong Group. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50747229/industrial-waste-management-facility-to-be-built-in-ssez/
CDC approves $31.7M animal farm
As part of the government’s effort to secure private investments for food production, the Council for the Development of Cambodia (CDC) earlier this week approved a $31.7 million investment project by Kang Hwa E&C (Cambodia) Co Ltd to build a commercial animal farm in Kampong ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-317m-animal-farm
Three investment projects worth $36.5 million approved, to create hundreds of jobs
The Council for the Development of Cambodia (CDC) has given the green light to three new investment projects with a total investment capital of $36.5 million. According to the council’s press release issued yesterday, the newly approved projects are expected to create some 615 jobs ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50747222/three-investment-projects-worth-36-5-million-approved-to-create-hundreds-of-jobs/
New investment law to attract more investments
The New investment law is expected to make Cambodia an attractive destination for new investment and to improve the investment environment to keep the existing investments in the country. The law is currently in drafting stage and is expected to go online within this year, ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50743474/new-investment-law-to-attract-more-investments/
Investors’ $14.4M projects approved
In just the first week of this month, the Council for the Development of Cambodia (CDC) approved three new investment projects worth more than $14.4 million. They are expected to generate 625 jobs. ...
May Kunmakara
https://www.phnompenhpost.com/business/investors-144m-projects-approved
Australia keen on investing in renewable energy in Cambodia
Australia is interested in investing in renewable energy in Cambodia such as hydropower and solar power. The interest was highlighted here yesterday by newly appointed Australian Ambassador to Cambodia, Pablo Chiho Kang, during a meeting with Oknha Kith Meng, president of the Cambodia Chamber of ...
Nika/AKP
https://www.khmertimeskh.com/50741056/australia-keen-on-investing-in-renewable-energy-in-cambodia/
More Japanese investments on industry and agro-processing sought
Cambodian Minister of Commerce Pan Sorasak has encouraged Japanese investors to invest in the fields of industry and agricultural product processing in Cambodia. The call was made when he received a delegation of Japanese Business Association of Cambodia (JBAC) at the ministry Thursday. In the ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50741042/more-japanese-investments-on-industry-and-agro-processing-sought/
Human rights issues alleged in renewable energy sector report
The first human rights benchmark of renewable energy companies reveals serious weaknesses in industry efforts to protect workers and communities, creating risks in a sector vital to countering the climate crisis, according to the Business and Human Rights Resource Centre (BHRRC). However, Cambodia, which aims ...
Sorn Sarath
https://www.khmertimeskh.com/50739595/human-rights-issues-alleged-in-renewable-energy-sector-report/
500-hectare industrial park for K.Speu
The chairman of Canadia Bank and Overseas Cambodia Investment Corp (OCIC) said his company is developing a 500-hectare industrial park in Kampong Speu province (along the National Road 51). ...
Sok Chan
https://www.khmertimeskh.com/50737773/500-hectare-industrial-park-for-k-speu/