News

CDC, Chinese embassy agree to beef up infra investment

The Council for the Development of Cambodia (CDC) and the Embassy of the People’s Republic of China in Cambodia (ECC) Wednesday discussed ways to take the existing diplomatic ties between the two countries to the next level by promoting investment activities and supporting the development ...

N​h​e​an​ C​ham​ron​g​
https://www.khmertimeskh.com/501529679/cdc-chinese-embassy-agree-to-beef-up-infra-investment/

Cambodia plans for transition out of LDC status

Cambodia highlighted its Development Cooperation and Partnership Strategy (DCPS 2024-2028) during a 2024 high level political forum on sustainable development under the theme “reinforcing the 2030 agenda and eradicating poverty in times of multiple crisis”. ...

Soth Koemsoeun
https://www.khmertimeskh.com/501526910/cambodia-plans-for-transition-out-of-ldc-status/

South Korean pharma eyes medical device venture in Cambodia

Representatives from Poonglim Pharmatech Inc., headquartered in the Republic of Korea’s Jeonbuk-do province, are exploring investment opportunities in medical device manufacturing in Cambodia, following a meeting with Suon Sophal, Deputy Secretary General of the Cambodian Investment Board (CIB), at Council for the Development of Cambodia ...

James Whitehead
https://www.khmertimeskh.com/501515044/south-korean-pharma-eyes-medical-device-venture-in-cambodia/

Cambodia-Korea Special Economic Zone on cards

Top Royal Government of Cambodia (RGC) officials and a delegation of the Embassy of the Republic of Korea in Cambodia Thursday held talks on the possibility of setting up the Cambodia-Korea Special Economic Zone (Cam-Kor SEZ). ...

Nhean Chamrong
https://www.khmertimeskh.com/501511538/cambodia-korea-special-economic-zone-on-cards/

25 investment projects worth over $246 million approved by CDC in May

In May 2024, the Council for the Development of Cambodia (CDC) approved 24 new projects and one production expansion project with a total investment of more than $246 million, creating about 15,000 jobs. ...

Khmer Times Staff
https://www.khmertimeskh.com/501503519/25-investment-projects-worth-over-246-million-approved-by-cdc-in-may/

Chinese financing nears 50% of total investment in May, US lags at less than 1%

In May, Chinese investment in Cambodia accounted for almost 50% of total financing, with domestic investment accounting for over 30%, while the US lagged behind at less than one per cent, according to the Council for the Development of Cambodia (CDC). ...

Ry Sochan
https://www.phnompenhpost.com/business/chinese-financing-nears-50-of-total-investment-in-may-us-lags-at-less-than-1-

FASMEC urges CDC to link activities with SMEs

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) – a non-profit organisation – on Monday proposed the Council for the Development of Cambodia (CDC) to promote local enterprises by allowing the delegation to take part in the overseas trip, luring foreign ...

Nhean Chamrong
https://www.khmertimeskh.com/501500215/fasmec-urges-cdc-to-link-activities-with-smes/

Chanthol pushes for export of pepper, bananas into US market

Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) urged Patrick Murphy, Executive Vice President of Rice and Grain Global Sourcing at Otis McAllister to consider the possibility of exporting more agricultural products into the United States ...

Nhean Chamrong
https://www.khmertimeskh.com/501501033/chanthol-pushes-for-export-of-pepper-bananas-into-us-market/

Cambodia seeks Chinese investment in EV sector

Cambodia has invited Chinese investors to look into the opportunities unfolding in the electric vehicle (EV) sector in the country. ...

Manoj Mathew
https://www.khmertimeskh.com/501498921/cambodia-seeks-chinese-investment-in-ev-sector/

CDC, CCC review 19th G-PSF progress

The Council for the Development of Cambodia (CDC) in collaboration with the Cambodia Chamber of Commerce (CCC) organised a meeting to review the progress of the 19th Government-Private Sector Forum (19th G-PSF). ...

Nhean Chamrong
https://www.khmertimeskh.com/501492411/cdc-ccc-review-19th-g-psf-progress/

Chinese firms plan to invest in Cambodia’s silk industry

A delegation from the International Silk Union (ISU) and the Cathaya Group, a Chinese company specialised in silk textiles and biotechnology, met with the Council for the Development of Cambodia (CDC) on Monday to discuss the possibility of expanding investment projects in the silk and ...

Nhean Chamrong
https://www.khmertimeskh.com/501488410/chinese-firms-plan-to-invest-in-cambodias-silk-industry/

FTC to drive activities at PAS to 90%

The soon-to-be-built Funan Techo Canal (FTC), a public-private partnership project, will push shipment activities of the state-owned Sihanoukville Autonomous Port (PAS) up to 90 percent, a report by the Council for Development of Cambodia (CDC) showed. ...

Chea Vannak Chea Vanyuth
https://www.khmertimeskh.com/501483296/ftc-to-drive-activities-at-pas-to-90/

‘Govt wants Sihanoukville to be next Shenzhen’

The Royal Government of Cambodia (RGC) wants to transform Preah Sihanouk province into the next Shenzhen by reducing logistics costs, providing an investment incentive package and enhancing the development of human resources to attract investors, said Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of ...

Nhean Chamrong
https://www.khmertimeskh.com/501469715/govt-wants-sihanoukville-to-be-next-shenzhen/

PM announces 617 PIPs worth $11.7 billion

In a major push for socioeconomic development and generating more job opportunities, the Royal Government of Cambodia (RGC) earmarked a three-year rolling plan for the Public Investment Programme (PIP) to complete 617 projects at the cost of $11.69 billion. ...

Nhean Chamrong
https://www.khmertimeskh.com/501458798/pm-announces-617-pips-worth-11-7-billion/

Chinese firms show feasibility of Light Railway connecting airport, metro in Phnom Penh

The feasibility of a Light Railway line connecting Phnom Penh to the new airport and planned city metro (subway) was presented by the China Metro Group and Guangzhou Metro Group to the Inter-Ministry Committee of Cambodia on Saturday, said the Council for the Development of ...

Rachel David
https://www.khmertimeskh.com/501457950/chinese-firms-show-feasibility-of-light-railway-connecting-airport-metro-in-phnom-penh/

Incentives await investors spending for skills training

A set of incentives awaits investors who can provide skills development training for employees in their Cambodia businesses, reminded the Council for the Development of Cambodia (CDC) recently. ...

Manoj Mathew
https://www.khmertimeskh.com/501457946/incentives-await-investors-spending-for-skills-training/

CDC, CYEAD discuss investment opportunities

Delegates from the Cambodia Young Entrepreneurs Association for Development (CYEAD) on Friday meet with senior officials of the Council for the Development of Cambodia (CDC) in Phnom Penh to explore investment opportunities. ...

Rachel David
https://www.khmertimeskh.com/501457408/cdc-cyead-discuss-investment-opportunities/

Kingdom’s port sees remarkable rise in container throughput

The state-owned port Sihanoukville Autonomous Port (PAS) witnessed remarkable growth in container throughput in 2023, according to the annual report of the Ministry of Public Works and Transport on Friday. ...

Chea Vanyuth
https://www.khmertimeskh.com/501449704/kingdoms-port-sees-remarkable-rise-in-container-throughput/

Multimillion dollar investments approved in Sihanoukville

Two projects in Sihanoukville with an investment of nearly $600 million have received incentives from the Council for the Development of Cambodia and are estimated to have a positive impact on the economy of Sihanoukville. ...

Meas Molika
https://kiripost.com/stories/multimillion-dollar-investments-approved-in-sihanoukville

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