News

Chinese companies’ investment in new energy globally surges 55.6% in 2022 ...

A group of investors from the Chinese province of Hainan is now in the Kingdom exploring opportunities in coconut farming. The delegation met yesterday with Minister of Agriculture Veng Sakhon in Phnom Penh to discuss the coconut sector in the Kingdom and announce their intention ...

Two Chinese companies plan to invest in a car assembly plant and an organic fertiliser processing plant in Cambodia, following a visit by a delegation of 20 company representatives from Shandong province last week. The delegation was led by Shandong provincial vice-governor Wang Shujian, who met ...

The Ministry of Environment signed a memorandum of understanding (MoU) yesterday with two Chinese companies to study planting “Paulownia-Guotong” – an extremely fast-growing tree used to make furniture and wooden equipment – and practice growing it in Cambodia. Speaking at a workshop on a feasibility ...

Thousands of people have been evicted from their homes to make way for a Chinese development in Koh Kong province. But some of the families have returned to their land, leaving a relocation site they say was insufficient for their needs. For families like those of ...

Thousands of villagers in a remote district of the coastal province of Koh Kong have been evicted or are facing eviction in the face of a Chinese resort development project. Some families have moved unwillingly to relocation sites. But others are refusing to leave, setting the ...

Cambodia’s Apsara Authority and China Civil Engineering Construction Corporation on Thursday signed a Memorandum of Understanding (MoU) on the project of sustainable management of the existing resources for conservation and sustainable development in Angkor World Heritage Site and Siem Reap region. The deal was inked between ...

Two days after Huawei introduced the world’s thinnest smartphone in London and Singapore, the Cambodian representative office of the China-based company announced that the sleek device would be sold in the Kingdom in July. While the Chinese telecom giant hopes to increase its market share of ...

Cambodia’s reliance on imported fossil fuels to meet its energy needs is set to increase in the coming years, despite the raft of hydropower projects planned by the government, according to new data from the Asian Development Bank (ADB). Using baseline figures from the Institute ...

More than 100 villagers living on a 20-hectare swath of a rubber plantation in Ratanakkirri province gathered outside O’Chum commune hall yesterday to protest their eviction at the hands of a Chinese company, local officials and rights activists said. About 120 families from Trang Churng Village ...

Preah Vihear province – The residents of this sleepy district, on the edge of the Boeng Per Wildlife Sanctuary, grow rice, cassava and cashew nuts. But in a few short years, Chinese investors envisage that Rovieng will be rapidly transformed into an industrial town. ...

Property experts say foreign companies are coming to invest in Cambodia’s property sector, as they see the growth and potential of the Kingdom. Sung Bonna, director of Bonna Realty Group, said that the number of foreign companies in the sector has grown, and most are from ...

ANZ chief executive Mike Smith says Cambodia should decouple the riel from the US dollar to a stand-alone currency and align itself to the Chinese renminbi (RMB), given the shift in global trade flows. At the Cambodia Outlook Conference in Phnom Penh yesterday, Smith said: “I ...

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 ...

Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said yesterday in Phnom Penh. The plans, which come as part of a strategic and economic embracing of Asia ...

The minister of transport, who on Monday watched over the signing of a deal between two Chinese companies to build a 400-km railway, yesterday said the government has minimal knowledge of the project. Transport Minister Tram Iv Tek said, however, that he did not know ...

Following a dam breach in Pursat province, ruling CPP lawmakers yesterday defended the government’s primary plan to tackle its energy crisis by contracting Chinese companies to build hydropower dams on the country’s rivers. A section of concrete tunnel at the Stung Atai dam in Pursat province ...

When Asia-Pacific leaders gather this weekend in Southeast Asia—a bright spot in a sputtering global economy—their Cambodian hosts may extend a warm welcome to U.S. President Barack Obama, but they will view officials from Beijing as old friends. Mr. Obama’s visit to Cambodia—this year’s host for ...

Among thousands of residents in the Boeung Kak Lake district of the capital whose land has been targeted for redevelopment by a Chinese-financed real estate company, Tep Vanny carried a letter explaining the “sadness and suffering” caused by the project — which has turned Phnom ...

The commerce minister yesterday urged European businesspeople in Phnom Penh to invest more in Cambodia and not to envy the Chinese firms now dominating the foreign investment scene. Speaking at the gathering of the European Chamber of Commerce in Cambodia, Minister of Trade and Commerce Cham ...

Banks here are trying to take advantage of a growth in Chinese investment by launching services that will allow payments from local banks to be made in China’s currency, the renminbi. Grant Knuckey, CEO of ANZ Royal Bank, said that because of a growing number of ...

Cambodia’s Power Partner Profit Group has signed 10 memoranda of understanding with Chinese companies for cooperation on agriculture, mineral resources and electronics. Insiders said the penning of the MoUs, which do not guarantee a final agreement, was another step toward realising a US$5 billion bilateral trade ...

A Chinese company from Yunnan province will invest $100 million to build a rice mill and processing plant in Cambodia with a local firm and export 200,000 tons of milled rice to China beginning this year, officials said yesterday. The Yunnan Pan-Asia Agricultural Cooperation and Development ...

Cambodia’s Heng Development Co Ltd, in co-operation with Thai and Chinese companies, plans to invest about US$200 million in a water-treatment project this year, according to the company’s general director. ...