Investment

The local Sathapana Bank Plc has received $10 million from OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, allowing the bank to expand its loan portfolio to small- and medium-sized enterprises (SME), and especially female entrepreneurs. ...

The European Investment Bank (EIB) has secured $17.4 million from the European Union to invest in sustainable agriculture projects in Cambodia. ...

The Council for the Development of Cambodia approved 75 private investment projects outside special economic zones during the first eight months of the year, a year-on-year decrease of 28 percent. ...

The Royal Government, through relevant ministries and institutions, has examined and discussed the reduction of the period of vaccination for investors who have received all doses of the vaccine. ...

Two investment projects with a total investment capital of $ 33.1 million approved by the Council for the Development of Cambodia (CDC) create job for a total of 1,118 places. This is according to the CDC press release on September 30.   ...

Rabbit Island development investment, the $130 million multiple resort project in Koh Tonsay island, four kilometres off Kep province, has started construction activities, with building materials being moved there. ...

Cambodia and Australia have signed a memorandum of understanding (MoU) on the financing arrangements for an Agri-Food Investment Desk (AFID) at the Council for the Development of Cambodia (CDC), aimed at creating jobs and improving standards in farming. ...

$130 million investment project on 144 hectares of land in Koh Tonsay by Try Pheap Koh Tonsay Resort Co., Ltd. held a blessing ceremony to start building operation on the morning of September 27, 2021. ...

As Cambodia and the rest of the world move to revive tourism, Pan Pacific Hotels Group (PPHG), a member of Singapore-listed UOL Group Ltd, plans to open two developments in the Kingdom over October-December 2023, in Phnom Penh and Siem Reap. ...

Minister of Commerce Pan Sorasak reiterated a called for businesspeople to fulfil their obligations to protect consumers in accordance with the laws and regulations in force and contribute to the shared overarching objectives of harmonisation and sustainable development. ...

HGB Motors Assembly Co Ltd is investing about $7 million in a car assembly plant in Poipet town, Banteay Meanchey province. ...

Three new projects with a total capital of $15.1 million have been approved by the Council for the Development of Cambodia (CDC). This continues to give confidence to job seekers that though loss of employment because of the pandemic forcing many industries to cut workforce, ...

The new investment law will be more attractive and provide the Kingdom with better options to navigate the constantly evolving regional and global investment climate, according to Senate Third Committee chairman Mong Reththy.​ ...

Minister of Commerce Pan Sorasak plans to lead a delegation to South Korea next month to sign the Cambodia-Korea Free Trade Agreement (CKFTA), if the Covid-19 situation permits, according to a senior official. ...

Local publicly-listed firm RMA (Cambodia) Plc is planning to set up the Kingdom’s first motor vehicle assembly plant, to capitalise on the rising consumer demand for brand-new personal vehicles seen in recent years. ...

Renaissance Minerals (Cambodia) Limited, based in Australia, has obtained a search and explore license of 107.10 square kilometers of metal mining in Memot district, Tbong Khmum province. According to a senior official of the Ministry of Mines and Energy. ...

Prime Minister Hun Sen tells customers affected by investing in Gold FX (GOLDFX INVESTMENT CO., LTD) to file a complaint to the court to seek justice in case the two parties do not reach compromise. ...

Groups representing US and European businesses in Cambodia have welcomed the Draft Law on Investment, which was approved by the National Assembly last week. ...

Cambodia is committed to harnessing digitalisation for better coordination in tax administration, as a jurisdiction that subscribes to China’s Belt and Road Initiative (BRI), according to a General Department of Taxation (GDT) press release issued on September 12.   ...

The National Assembly of Cambodia on Thursday ratified the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement (FTA), which comprises 15 Asia-Pacific countries. ...

The National Assembly (NA) approved the draft Law on Investment at a plenary session on September 9, which will undeniably play a vital role in attracting local and international investors to the domestic market. ...

Prime Minister Hun Sen urged all countries in the Greater Mekong Subregion (GMS) to push for the development of digital infrastructure in order to make the economies of the region more competitive globally.   ...

Cambodia and Singapore have reaffirmed their commitment to continue strengthening cooperation on trade and investment. Commerce Minister Pan Sorasak held a videoconference with Singapore’s Trade and Industry Minister Gan Kim Yong on Tuesday. ...

The government has established the National Economic and Digital Society Council (NEDSC) to build a foundation of a digital society to drive new economic growth, according to a royal decree on the council’s organisation and functioning released on September 8. ...