News

New garment sector investments exceeding $8mn approved by CDC

The Garment Manufacturers Association in Cambodia (GMAC) is welcoming new investments in one of the Kingdom’s pillar industries as new variants and outbreaks lead to a string of downgrades in economic projections. ...

Husain Haider
https://www.khmertimeskh.com/50908192/new-garment-sector-investments-exceeding-8mn-approved-by-cdc/

CDC approves $71 million in new investments to create 9,500 jobs

Eight new projects worth $71.4 million have been approved by the Council for the Development of Cambodia (CDC). The new projects  will create over 9,500 jobs at a critical juncture in the Kingdom’s economic recovery. ...

Michael Firn
https://www.khmertimeskh.com/50906237/cdc-approves-71-million-in-new-investments-to-create-9500-jobs/

GDT strives to unfold tax intricacies: official

A senior tax official pledged to facilitate all tax issues for Japanese investors currently investing or doing business in Cambodia to ensure things go smoothly, as part of a broader effort to create productive feedback channels, and improve transparency and operational efficiency, according to the ...

Hin Pisei
https://www.phnompenhpost.com/business/gdt-strives-unfold-tax-intricacies-official

Cabinet approves investment law

The Council of Ministers, or Cabinet, on July 9 approved the Draft Law on Investment, following a plenary session chaired by Prime Minister Hun Sen via a Zoom call. ...

Hin Piset
https://www.phnompenhpost.com/business/cabinet-approves-investment-law

$2.4B in new investments for H1

The Council for the Development of Cambodia (CDC) approved 70 projects with a total capital investment of $2.428 billion in the first half of this year. This is according to calculations by The Post based on CDC statements issued via social media throughout the January-June ...

Thou Vireak
https://phnompenhpost.com/business/24b-new-investments-h1

Swiss gov’t pledges $58M development grant over 2022-25

The Swiss government on June 3 pledged up to 52 million francs ($58 million) in grants for the Kingdom’s development over the next four years, the Council for the Development of Cambodia (CDC) said in a statement.   ...

Thou Vireak
https://www.phnompenhpost.com/business/swiss-govt-pledges-58m-development-grant-over-2022-25

Two new investment projects approved by CDC

The Council for the Development of Cambodia (CDC) has issued investment certificates to Fu Bi Xing (Cambodia) Packaging Co., Ltd and Sheng He Leisure Bag (Cambodia) Co., Ltd for the production of travel bags and goods in the Kingdom. ...

Gareth Johnson
https://www.khmertimeskh.com/50864368/two-new-investment-projects-approved-by-cdc/

New investment projects of $2.2 billion licensed in Q1

The Council for the Development of Cambodia (CDC) awarded licences to 94 new investment projects with a registered value of $2.2 billion, during the first quarter of 2021, a 114 percent increase compared to projects approved during the same period last year. ...

Chea Vanyuth
https://www.khmertimeskh.com/50850034/new-investment-projects-of-2-2-billion-licensed-in-q1/

Development council approves electric bike plant and rain gear investments

The Council for the Development of Cambodia (CDC) yesterday approved two new projects worth $5.6 million that will create nearly 1,500 new jobs. ...

Khmer Times Staff
https://www.khmertimeskh.com/50849071/development-council-approves-electric-bike-plant-and-rain-gear-investments/

New business activity ongoing despite Coronavirus challenges

Five new factories worth $20.5 million have been approved to be established this month, according to the Council for the Development of Cambodia (CDC). The CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are ...

Brian Badzmierowski
https://www.khmertimeskh.com/50840963/new-business-activity-ongoing-despite-coronavirus-challenges/

CDC greenlights five projects worth $1.3B

The government on March 26 approved five new investment projects worth about $1.3 billion and expected to absorb 2,250 workers, even amid a dramatic escalation in the ASEAN member’s fight against the spread of the Covid-19 disease. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-greenlights-five-projects-worth-13b

CDC approves eight projects so far in March

Cambodia approved eight investment projects worth over $69 million in the first three weeks of this month that are expected to deliver 5,249 jobs, according to a report from the Council for the Development of Cambodia (CDC). ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-eight-projects-so-far-march

CDC gives nod to 16 projects worth $700M last month

The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs. ...

May Kunmakara
https://www.phnompenhpost.com/business/cdc-gives-nod-16-projects-worth-700m-last-month

Cambodia to make auto-rickshaws

Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-make-auto-rickshaws

CDC okays 144 Japan projects worth $2.79B since ‘94 debut

The Council for the Development of Cambodia (CDC) has approved a cumulative 144 Japanese investment projects worth $2.79 billion since its inception in 1994, 66 of which are in special economic zones (SEZ) with $340 million in capital investment, it said in a press release. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-144-japan-projects-worth-279b-94-debut

Cambodia, UK discuss sustainable investment opportunity in Cambodia

Cambodia and the United Kingdom (UK) have convened a meeting to discuss a sustainable investment opportunity in Cambodia. The meeting took place through a video conference under the presidency of Sok Chenda Sophea, Minister Attached to Prime Minister and Secretary General of the Council for ...

Lim Nary /AKP
https://www.khmertimeskh.com/50813485/cambodia-uk-discuss-sustainable-investment-opportunity-in-cambodia/

CDC approved 238 investment projects worth $8.2B last year

The Council for the Development of Cambodia (CDC) approved 238 investment projects worth a total of $8.2 billion last year, down 12 per cent from 2019, according to a CDC press statement. ...

Thou Vireak
https://www.phnompenhpost.com/business/cdc-approved-238-investment-projects-worth-82b-last-year

CDC announces slate of new investments totalling $16.2 million

The Council for the Development of Cambodia (CDC) has announced that four new projects worth a total of $16.2 million were approved over the weekend. ...

Tom Starkey
https://www.khmertimeskh.com/50809970/cdc-announces-slate-of-new-investments-totalling-16-2-million/

CDC okays 11 projects in January

The Council for the Development of Cambodia (CDC) in the first month of this year approved 11 investment projects worth over $43 million and that are expected to generate 7,854 jobs, it said via social media. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-11-projects-january

A $3.1 million garment factory project in Takeo province to create more than 700 jobs

A $3.1 million garment factory will be built in Bati district of Takeo province, creating 702 jobs for the locals. The update was shared in a press release from the Council for the Development of Cambodia (CDC) yesterday following its approval of the investment project. ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50807925/a-3-1-million-garment-factory-project-in-takeo-province-to-create-more-than-700-jobs/

A $ 2.3 million cardboard factory project brings January 2021 investments to $24.5 million

The Council for the Development of Cambodia (CDC) has approved a $2.3 million cardboard factory project to be built in Khan Kambol of Phnom Penh. The CDC shared the update in a press release yesterday, adding that the project will create 214 jobs for the ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50806645/a-2-3-million-cardboard-factory-project-brings-january-2021-investments-to-24-5-million/

A $7.8 million garment factory project approved by CDC

Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province. According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50804809/a-7-8-million-garment-factory-project-approved-by-cdc/

Cambodia and EU consult on development priorities

The drafts of European Development Cooperation Strategy for Cambodia, and the EU Multiannual Indicative Programme 2021-2027 have been discussed to align with the government’s development priorities. ...

Khmer Times Staff
https://www.khmertimeskh.com/50803600/cambodia-and-eu-consult-on-development-priorities/

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