News

Three Chinese major companies presented multiple investment projects worth millions of dollars to Prime Minister Hun Sen during a meeting in Beijing, a release said today. The companies also plan to invest on water transportation, hospital, sewage treatment, high-speed rail, etc. ...

Chinese company “Jiangsu General Science Technology Co Ltd” has invested nearly $300 million to build the largest tyre factory in the Sihanoukville Special Economic Zone (SSEZ), according to Beijing’s embassy in Phnom Penh. ...

Prince Bank Plc invested an additional $35 million – totalling $50 million – in the Techo International Airport (TIA) Guaranteed Bond on Thursday. ...

In the first semester of 2021, Chinese investment in the Kingdom remained the highest of any foreign nations. The total value of Chinese finance reached around $5 billion, an increase of 31 percent when compared to the previous year. ...

Tourists and Chinese investors are gradually making their way back to Preah Sihanouk province, as the Covid-19 situation in the Kingdom eases and socio-economic activities pick up pace following early November’s full reopening announcement, according to a spokesman for the coastal province. ...

Chinese Prime Minister Li Keqiang has agreed to a request from Cambodia to provide financial support for the development of Preah Sihanouk province. The request was made on Sunday by Prime Minister Hun Sen on the sidelines of the 35th Asean Summit and Related Summits ...

The General Department of Taxation (GDT) said Chinese investment is contributing greatly to the Kingdom’s tax revenue and called on Chinese companies to properly fulfil their tax obligations. Speaking at a forum on Mechanism of Cambodia-China Fiscal Cooperation on Friday, GDT director-general Kong Vibol said: ...

While Cambodia welcomes an ongoing influx of Chinese tourists, investment and development, the world at large increasingly suspects that China is launching a military build-up in the country for stronger Chinese influence in Southeast Asia. Dara Sakor, a new China-backed coastal resort in Koh Kong ...

Cambodian land rights activists have accused Chinese investors of fueling land disputes through unscrupulous land acquisition and development. The advocates made the comments during a two-day meeting in Phnom Penh earlier this month. ...

Prime Minister Hun Sen on Wednesday slammed critics over claims that China is “invading” Cambodia, calling the argument “crazy”. Speaking to members of Cambodian diaspora in Geneva, Switzerland, Hun Sen said some people were concerned about the influx of Chinese nationals who live and work ...

Royal Cambodian Armed Forces chief of joint staff Hun Manet has said he disagrees that Preah Sihanouk province, where Chinese investment in hotels and casinos has skyrocketed, will become a second Macau. Lieutenant General Manet made the comment on Monday during a ground-breaking ceremony for the ...

A task force established a month ago to address problems stemming from an influx of Chinese investment to Sihanoukville has not received a single report of illegal businesses or taken any enforcement action, with one official maintaining it was impossible to take “serious” action for ...

An interministerial task force has been established to ease simmering tensions between Cambodian and Chinese business owners in the coastal resort town of Sihanoukville, the latest sign that a huge influx of Chinese investment is causing problems on Cambodia’s coast. ...

China’s growing presence and investment in a fast-developing Cambodian port and province have pushed up the crime rate and brought instability, its governor said in a letter to the government. ...

The seaside city of Sihanoukville, the home to Cambodia’s only deep-sea port, has seen massive investment from China in the past few years, and while some local people have welcomed the inflow of money, others feel they’re missing out. The signs of Chinese investment are everywhere ...

China-based Digital Agriculture Exchange has revealed plans to build an agricultural research centre in the kingdom to improve production and packaging standards of local fruit and vegetables. Officially dubbed a “multifunctional centre”, its aim is to up quality standards to make Cambodian produce more desirable abroad, ...

The value of construction projects in Cambodia rose more than 22 percent to $6.4 billion in 2017 from the previous year, according to official figures released on Tuesday that showed the impact of a boom driven by Chinese investors. The high level of Chinese investment is ...

Arriving in Phnom Penh in the midst of a political crackdown on dissent, Chinese Premier Li Keqiang showed no qualms about signing 19 major development deals yesterday with Cambodian Prime Minister Hun Sen, making it clear that Chinese aid to the Kingdom remains unaffected by ...

More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements between 14 Chinese firms and 18 Cambodian firms were announced by the two country’s commerce ministries at a press conference ...

Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.​ ...

A delegation of some of China’s biggest companies in the food-processing industry is scouring the local market for investment opportunities in the agriculture sector. Headed by He Jianxiang, the deputy director-general of the Bureau of Product Processing at China’s Ministry of Agriculture, the delegation met ...

The promises of Chinese agro-industrial investment have been recurrent: Hyped up by local officials and media outlets, with photographs of handshakes and earnest negotiation posted across social media, major deals are announced between government ministries and visiting delegations. ...

The coastal city of Sihanoukville is undergoing a massive transformation. Once perceived as a seedy haunt for lethargic backpackers and expats, a flood of Chinese tourists and investors has begun to alter the landscape by setting up everything from gaudy casinos to towering luxury resorts ...

More than 50 business leaders and investors from Dezhou city, Shandong province in China, are seeking investment opportunities and Cambodian partners in the fields of agriculture, construction, machinery, food processing, technology and cars, renewable energy and sports equipment. ...