Economy and commerce
Investment
Development council approves three projects worth $8M
The Council for the Development of Cambodia (CDC) approved three new investment projects with a combined investment capital of nearly $8 million, according to a release. ...
Post Staff
http://www.phnompenhpost.com/business/development-council-approves-three-projects-worth-8m
Japanese logistics company plans expansion
Nippon Express, a Japanese company specialising in truck, rail and air transport services, is now eyeing an expansion of its operations in Cambodia, according to a recent government announcement. ...
Sum Manet
http://www.khmertimeskh.com/5090784/japanese-logistics-company-plans-expansion/
Vietnam asked to invest in rubber
During a meeting last week with a Vietnamese rubber association, Minister of Agriculture Veng Sakhon reminded Vietnamese investors of the many opportunities that the Cambodian agricultural sector offers and asked them to come to the kingdom to establish rubber and cassava processing factories. ...
Chea Vannak
http://www.khmertimeskh.com/5089361/vietnam-asked-invest-rubber/
CDC to post project decisions on Facebook
The Council for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, has taken to Facebook to officially announce its decisions on investment projects, a move that a government official claimed yesterday will provide more transparent access for investors and ...
Hor Kimsay and Kali Kotoski
http://www.phnompenhpost.com/business/cdc-post-project-decisions-facebook
Business a priority: Hun Many
Ruling Cambodian People’s Party (CPP) lawmaker Hun Many reassured investors yesterday, saying the government was focusing on ensuring a good investment climate in the country underpinned by social stability. ...
May Kunmakara
http://www.khmertimeskh.com/5087901/business-priority-hun-many/
Japan to open elder care training centre
A new centre will launch in April 2018 to train Cambodian migrant workers to work with elderly people in Japan. On Tuesday, Minister of Labour Ith Samheng said the Japanese company Procast Asia would establish the centre. ...
Sen David
http://www.khmertimeskh.com/5087827/japan-open-elder-care-training-centre/
Japanese investors eye the Cambodian market
Ith Sam Heng, the Minister of Labour and Vocational Training, met yesterday with Yoshio Kondo, the director of Procast Asia, who is leading a delegation of businessmen from the Toukaizaikai Association, an organisation that has more than 300 member companies in the manufacturing industry and ...
May Kunmakara
http://www.khmertimeskh.com/5087659/japanese-investors-eye-cambodian-market/
Bid to invest in silkworm farms taking shape
Six month after announcing its intentions to invest in local silk production, a Japanese beauty company, in partnership with the Ministry of Agriculture, has released a new study on silkworms and their potential for the cosmetics industry, paving the way for more concrete action to ...
Sok Chan
http://www.khmertimeskh.com/5085780/bid-invest-silkworm-farms-taking-shape/
Denmark’s Damco launches new head office
The Embassy of Denmark in Cambodia has encouraged more Danish companies and investors to explore investment opportunities in the kingdom, arguing that in an increasingly competitive global market, it is crucial that national governments and individual businesses cooperate to increase business activity. ...
Sok Chan
http://www.khmertimeskh.com/5085157/denmarks-damco-launches-new-head-office/
Market for construction materials opened in Phnom Penh
A company based in China’s southern province of Guangdong opened a 2-hectare market for building and construction materials near the Preah Monivong Bridge in Phnom Penh on Saturday, according to a report by online Chinese news site Commercial News. ...
Post Staff
http://www.phnompenhpost.com/business/market-construction-materials-opened-phnom-penh
PM announces new airport in Siem Reap
Prime Minister Hun Sen said yesterday that Siem Reap is in need of a new airport to tackle the rising number of visitors to the area.Last week Cambodia reached an $880-million agreement with China’s Yunnan Investment Holding Ltd which allows the state-owned company to manage ...
Chea Vannak
http://www.khmertimeskh.com/5084356/pm-announces-new-airport-siem-reap/
$64b GMS action plan
Cambodia as a member of the six-nation Greater Mekong Sub-region (GMS) endorsed a five-year action plan framework that includes $64 billion in projects to help the sub-region achieve inclusive growth and sustainable development. ...
Sum Manet
http://www.khmertimeskh.com/5083528/64b-gms-action-plan/
CDC official thanks China for investment
The Council for the Development of Cambodia (CDC) heaped praise upon China yesterday for its continual support of the Kingdom, claiming that without its investment the local economy would never have managed to take off. ...
Hor Kimsay
http://www.phnompenhpost.com/business/cdc-official-thanks-china-investment
Thai links set to boost trade
The Ministry of Commerce has committed to joining up with the Thai Embassy in Cambodia to build a favourable business and investment climate between the Asean neighbours. ...
May Kunmakar
http://www.khmertimeskh.com/5082631/thai-links-set-boost-trade/
$400m solar project launched
Global Purify Power (GPP), a joint venture behind $400 million worth of solar powered projects, started groundbreaking work on Friday with more than $10 million worth of investment in Kampong Speu province. ...
May Kunmakara
http://www.khmertimeskh.com/5082184/400m-solar-project-launched/
Japanese mull $1m Kirirom pig farm
Japan-based Kakegawa Yeat Pig Farm plans to invest $1 million to develop a large pig farm in Cambodia, according to local media reports. ...
Sum Manet
http://www.khmertimeskh.com/5080361/japanese-mull-1m-kirirom-pig-farm/
PM: No seaweed plantations
Prime Minister Hun Sen yesterday said he has rejected proposals for investment in seaweed plantations in Preah Sihanouk and Kep provinces. ...
Khmer Times
http://www.khmertimeskh.com/5079417/pm-no-seaweed-plantations/
Osaka investors eye Cambodia
A Japanese delegation from Osaka province has expressed its intention to invest in Cambodia’s agriculture sector, after its meeting with Commerce Minister Pan Sorasak. ...
Sok Chan
http://www.khmertimeskh.com/5079416/osaka-investors-eye-cambodia/
KrisEnergy signs oil deal next week
Singapore-based oil and gas company KrisEnergy is scheduled to sign an agreement with the Cambodian government next Wednesday for the extraction of petroleum from Block A to develop the Aspara oil field. ...
Sum Manet
http://www.khmertimeskh.com/5078426/krisenergy-signs-oil-deal-next-week/
US businesses give Cambodia mixed marks
U.S. companies doing business in Cambodia are optimistic about the country’s overall investment environment, but remain dissatisfied with the supply of cheap and skilled labor, corruption, tax structure, and attitudes toward the U.S., according to a new survey. ...
Ben Paviour
https://www.cambodiadaily.com/news/us-businesses-give-cambodia-mixed-marks-133739/
Report shows need for Cambodia to diversify exports
Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...
Kali Kotoski
http://www.phnompenhpost.com/business/report-shows-need-cambodia-diversify-exports
PM asks Japan to invest $800m in skytrain
Prime Minister Hun Sen is to ask Japan to invest $800 million in building a skytrain link between the city and Phnom Penh International Airport. ...
May Kunmakara and Khuon Narim
http://www.khmertimeskh.com/5077056/pm-asks-japan-invest-800m-skytrain/
Malaysia to establish a US$250 million Islamic trade centre in Cambodia
Malaysia is investing some US$250 million to establish a Cambodia Islamic Trade Centre (CITC) seen as positive contribution to the country’s economic development. ...
Lim Nary
http://www.akp.gov.kh/?p=106992
Bananas find export appeal
Hoang Anh Gia Lai (HAGL), which last month became the first company to officially export bananas from Cambodia, has secured more orders for the fruit and will ship another 100 tonnes of bananas from its plantations in Ratanakkiri province today, a company representative said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bananas-find-export-appeal