Investment

Indian businesses are looking at Cambodia as a convenient hub in the lower Mekong area, as access to trade with neighboring Vietnam and Thailand improves, a government advisor said yesterday. Speaking at a seminar titled “Asean Integration and the Role of India,” Sok Siphana, a lawyer ...

Two months since a group of angel investors visited Phnom Penh in search of startup investment opportunities, the organisation behind the initiative is planning an even bigger scouting mission, looking for investment opportunities in the Kingdom’s small but vibrant startup community. ...

Half of US businesses operating in Cambodia believe that political stability in the country is such that they are confident in expanding their operations, according to an annual report by the American Chamber of Commerce in Singapore and the US Chamber of Commerce’s International Affairs ...

South Korea will push to build a highly efficient and eco-friendly city in Cambodia using its latest information technology, and support the Southeast Asian nation’s public housing program, the government said Monday. ...

Cambodia’s total exports of garments and footwear to Japan increased sharply in the first half of the year, according to latest figures from the Japan External Trade Organization (JETRO). ...

A Memorandum of Understanding (MoU) has been signed between Matrade and the Cambodia Chamber of Commerce, said Malaysian International Trade and Industry minister Datuk Seri Mustapa Mohamed. ...

Ukraine aims to promote more bilateral cooperation and boost trade with Cambodia. At the same time, Kiev is urging Ukrainian businesses to consider investing in the Kingdom’s high performing sectors. ...

Switzerland-based Panalpina Group, the world’s leading provider of forwarding and logistics services, specializing in intercontinental air and ocean freight and associated supply chain management solutions, officially opened its own office in Cambodia yesterday. ...

Prime Minister Hun Sen ordered his officials to revoke the licenses of any investment and construction firms found doing little or nothing with the islands or land they said they would develop. ...

Japan-based Yusen Logistics has opened one of Cambodia’s largest temperature-controlled distribution center in Phnom Penh, which is becoming a significant air cargo destination for its textiles and perishable exports. The 33,000-square-foot facility has almost twice the capacity of the existing warehouse and includes a 4,237-square-foot ...

China’s Commerce Minister Gao Hucheng, who has been on an official visit to Cambodia, will discuss roads, railways, airport construction, agriculture and other projects with senior government officials in the next few days. ...

A large US-based international hotels and resorts group plans to invest close to $120 million in a multi-resort development project in Preah Sihanouk province. ...

Japan’s investment in Cambodia continues to grow and its investors are playing a leading role in developing and diversifying the Kingdom’s light industrial sector. ...

Foreign direct investment (FDI) to Cambodia over a 20-year period – from 1994 to 2014 – is estimated to have reached $19.2 billion and was heavily weighed by inflows of capital from China, according to the first-ever comprehensive survey on FDI, released yesterday. ...

Bosch Cambodia, a supplier of power tools and automotive parts, announced yesterday that its sales revenue grew by 22 per cent in 2015, driven largely by a greater number of construction and automotive projects in the Kingdom. ...

Total Japanese investment in Cambodia under the Kingdom’s qualified investment project (QIP) scheme surged tenfold during the first half of the year, driven by Japan’s improved economy and a hefty capital injection by one of its biggest retail giants. ...

American sporting goods giant Nike has opened its first dedicated retail store in Cambodia in what observers have described as another sign the Kingdom’s strong economy and rising incomes had not gone unnoticed by international retail giants. ...

Dai-ichi Life Insurance will become the first Japanese life insurer to establish a presence in Cambodia, setting up a representative’s office in the capital Phnom Penh this month. ...

The Thailand government will consider tapping into 50 emerging cities, including those in Cambodia, for investment opportunities based on information provided by Japan External Trade Organization (Jetro), according to the Bangkok Post. ...

The Swedish-Thai business community was given a rare opportunity to get a heads up on the investment climate in Cambodia, courtesy of departing Ambassador of Sweden to Cambodia, Ms Anna Maj Hultgård. ...

The controversial Union Law, which was passed and put into force after dozens of debates and protests, is expected to build confidence among garment and textile buyers as well as employers and workers, experts said. Sandra D’Amico, vice president of the Cambodian Federation of Employers ...

The Cambodia-India Joint Committee Meeting on bilateral trade and technology exchange will be held in New Delhi on Friday, the spokesman of the Ministry of Foreign Affairs told reporters yesterday.   ...

The ASEAN-Korea Centre has hosted a seminar to promote investment in Cambodia’s agricultural industry. Co-organized with the Council for the Development of Cambodia (CDC), the “Investment and Business Environment Seminar on Cambodia” was held at Hotel Shilla in Seoul on June 29. About 70 Koreans attended. ...

Golden Gate Ventures recently closed a new $60 million fund for Southeast Asia’s rapidly-growing startup ecosystem. ...