Investment

Companies that invest in land and resources in emerging economies risk financial and public relations disasters if local inhabitants feel they are getting ripped off, consultants warned in a report last week. The report was released by a group known as the Munden Project The ...

Cambodia is considered “the most promising country” in the ASEAN community where Thai business entrepreneurs could set up trade and investment projects, according to a noted Thai academic and economist. Roongrote Benjamasuthin, director of the University of Thai Chamber of Commerce’s ASEAN Business & Economic Center, ...

Cambodia’s largest opposition party has expressed concern that China’s investment in the country is heavily skewed towards exploiting natural resources, wreaking havoc on the environment. China is Cambodia’s largest investor by a wide margin, having poured U.S. $9.7 billion into the country over the past 18 ...

Bilateral trade volume between Cambodia and Japan amounted to $641 million last year, up 25 percent compared with $512 million a year earlier, a report by the Japan External Trade Organization showed Thursday. On the investment side, Japanese firms have begun to focus their ...

A few years ago this scene would have played out in China. More specifically, it would have played out in a Chinese coastal region to which millions of rural folks had arrived looking for work. A huge hangar, piles of fabrics of all colors at both ...

Some 140 Japanese investors arrived in Cambodia yesterday to meet with local government leaders and other stakeholders in an effort to boost economic cooperation between the two countries. According to the Japanese Embassy in Cambodia, the delegation arrived in the country yesterday afternoon, following a visit ...

NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...

The Taiwanese-owned garment company Grand Twins International (Cambodia) Plc says it intends to list on the Cambodia Securities Exchange (CSX) next month, in a boost for the Kingdom’s nascent stock market. Phnom Penh Securities (PPS), an underwriter for Grand Twins International (GTI), said yesterday the company ...

Cambodia’s infrastructure is deterring highly anticipated investment into the production of raw materials to support its rapidly growing garment sector, experts say. While garment exports rose 10.2 per cent to $5.48 billion last year, the increase of raw materials imported to support this growth increased about ...

Utilities giant Electricite de France (EdF) is preparing to en­ter negotiations with Cambodia over the construction of a power plant to use up natural gas locked up in disputed waters off the country’s coast, France’s ambassador-in-waiting to Cambodia said on Tuesday. Serge Mostura, who is still ...

Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...

Cambodia has attracted 9.17 billion U.S. dollar investment from China in the last 18 years ( 1994-2012), making China become the largest investor in this country, showed a government report on Wednesday. According to the report, China’s investment in Cambodia focused on the fields ...

Laos has stepped up plans for three hydropower dams on Mekong River tributaries, updating an eight-year-old deal with a Russian investor to build the projects for U.S. $1.5 billion. Lao authorities signed a project development agreement with Russia’s Regional Oil for the Sekong 4, Sekong 5, ...

More than 4,000 people attended a ceremony in December last year that saw Japan’s largest shopping mall developer and operator, Aeon, breaking ground on its three-storey mall in Phnom Penh, and the company says it is already considering building more in the capital. Aeon Mall ...

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian ...

Mobile phone subscribers in Cambodia have had little to complain about in recent years. With six new operators entering the market since 2006, the result was oversaturation and an all-out price war as eight operators fought for a foothold in a country with fewer than ...

Rajah & Tann, Southeast Asia’s largest law firm, has expanded to Cambodia through a tie-up with local law firm Sok & Heng, which has taken on a new name, RT Sok & Heng Law Office. Rajah & Tann’s deputy managing partner, Patrick Ang, estimates that there ...

Old Place Seafood, a Chinese restaurant that cost $4 million, has opened in Phnom Penh. A representative of the restaurant, which is opposite the Chinese embassy, said the growing number of Chinese people in the Kingdom had justified such an investment. Luu Meng, president of the ...

A delegation comprised of Japan’s top business leaders, known as Keidanren, began a six-day trip to Myanmar and Cambodia Monday, seeking new business and investment opportunities there. Hiromasa Yonekura, chairman of the Japan Business Federation, is leading the delegation and said he hopes that meetings with ...

Cambodia will soon boast its first tractor assembly plant, with operations expected to begin by the third quarter of this year. The one-hectare plant, in Phnom Penh’s Por Sen Chey district, is a joint venture by Belarus-based Minsk Tractor Works, one of the world’s biggest tractor producers, ...

Sales of plants and flowers will reach a high during the Lunar New Year celebrations in Phnom Penh, which start on Sunday, as more customers than ever before buy floral decorations for their houses, flower shop owners in Phnom Penh predicted. “During the weekend many people ...

K-Cement workers who were told they could not form a company-wide union because their workplaces were “separate” entities have now had their application to register individual unions rejected by the Ministry of Labour, union leaders said yesterday. Sok Kin, vice president of the Building and Woodworkers ...

Bangchak Petroleum, a majority state-owned oil refiner and retailer in Thailand, said it wants to open five petrol stations in Cambodia, with the first station opening in 2014, the Bangkok Post reported last week. Tui Rutten, president of the Thai Business Council of Cambodia did not ...

More than 100 workers from Kingsland Garment Cambodia factory, which was a supplier to U.S. retail giant Wal-Mart, demonstrated outside the U.S. Embassy in Phnom Penh yesterday, appealing for help in getting their severance payments. In December, workers found out the company had declared bankruptcy ...