Investment

While Cambodia’s economic development is often compared to that of neighbouring Vietnam and Thailand’s, industry insiders say the Cambodia needs to keep a close eye on the steady progress being made in Myanmar, which is predicted to eat into Cambodia’s exports in the long term. ...

‘Third wave’ of Thai investment now under way with businesses planning for the long term as the economy matures and Thai-Cambodian relations improve. Today Thai investors are flocking back to the country, lured by strong growth, a stable political environment and open policies. ...

The Securities and Exchange Commission of Cambodia (SECC) confirmed Friday that three more companies will list on the securities market by the end of this year. They are: Phnom Penh Special Economic Zone, Phnom Penh Autonomous Port and Taiwanese-owned TY Fashion(Cambodia) Ltd. ...

Official figures released last week showing a surge in foreign direct investment during the first half of this year may not be the most reliable indicators of actual investment, as they reflect proposed investments rather than actual foreign direct investment (FDI), experts and executives say. ...

During the first six months of this year, Cambodia has received a total of 94 investment projects worth some $3.4 billion, the state’s news agency-AKP quoted deputy prime minister Keat Chhon. ...

The Kingdom’s logistics sector is becoming increasingly crowded, with small- to medium-sized players racing for a share of the growing market while struggling at the same time to reach international quality standards. ...

The global stock market tumble may take the wind out of Cambodia’s property sector, but should have muted effects on the rest of the economy, analysts said yesterday. ...

Over 100 members of the Prov ethnic community in Ratanakkiri province have filed a complaint with a local rights group claiming to have been defrauded for tens of thousands of dollars by a broker for an international investment firm. ...

Cambodian Minister of Post and Telecommunications Prak Sokhonn on Sunday praised Chinese-owned Southeast Asia Telecom (Cambodia), or SEATEL, for investing a huge amount of capital in the development of 4G services in Cambodia. ...

Siam Cement Group expects to pour between US$200 million and $300 million (Bt7 billion to Bt10.7 billion) of additional investment into Cambodia over the next five years, said Aree Chavalitcheewingul, vice president for regional business of SCG Cement-Building Materials. ...

A Google search for Cambodian Internet service providers (ISPs) turns up a dizzying number of results, some advertising monthly rates as low as $18 for 4 Mb/s. ...

“The Most Luxurious Home in Phnom Penh,” the placard reads, behind a glowing architectural model of Sky 31, one of the city’s many high-end condominiums under construction. ...

A year after opening its first store in Cambodia, Japanese mall operator AEON has finalized plans for the construction of its second mall in the country. ...

Cambodia’s commercial banks lent $11.9 billion to customers in the first half of this year, a 33 percent increase from the amount lent during the same time last year, according to a National Bank of Cambodia (NBC) report released Tuesday. ...

Cambodia has approved more than $3 billion in investment projects in the first half of the year, nearly double the total value signed up in the whole of last year, the latest data from the Council for the Development of Cambodia shows. ...

Cambodia has received 99 investment projects from Japan with a total investment capital of almost US$700 million, according to AKP- the state news agency. ...

Japanese construction investment approvals are ranked third this year, behind China and Korea, accounting for $108 million in approved projects, according to Im Chhun Lim, minister of Land Management, Urban Planning and Construction. ...

China’s tumbling stock market may impact tourism to Cambodia, but it is not likely to reduce Chinese investment in the Kingdom, analysts and executives say. ...

Chinese-owned Southeast Asia Telecommunications, Seatel, has officially launched its 4G network in Cambodia after entering the country’s oversubscribed telco sector last year, a local newspaper reported Monday. ...

Cambodian Prime Minister Hun Sen on Friday encouraged the China Road and Bridge Corporation to continue investing in Cambodia in order to help the country develop infrastructures. ...

Riverorchid Group, a Thai marketing and communication agency specialising in Cambodia, Laos, Myanmar and Vietnam (CLMV), has said advertising spending in the region will continue to grow and play an increasingly important role in brand communication, particularly for Thai companies. ...

Three Thai banks – Siam Commercial Bank (SCB), TMB Bank (TMB) and Kiatnakin Bank (KKB) – together with Netherlands-based ING Bank have offered a syndicated loan of US$65 million (Bt2.2 billion) to PRASAC Microfinance Institution, the biggest microfinance provider in Cambodia. ...

The Cambodia Securities Exchange (CSX) organized a forum on Tuesday to help companies, investors and students understand the importance of disclosure in the securities market, inviting representatives of the fledgling bourse’s two listed companies to share their experience. ...

Three Thai banks have joined IFC’s $65 million syndication loan to a Cambodian microfinance institution to boost the access to funding of micro, small, and medium rural and agricultural enterprises, most of which are owned by women.  ...