News

The sale and purchase of land along the four major boulevards in Phnom Penh climbed up to 40 per cent in the third quarter of 2012, while the construction of offices is gradually on the rise, according to real estate experts. The growth of land prices ...

A total of 2,606 new businesses were registered in Cambodia during the first nine months of the year, an increase of 11.6 percent compared to the same period last year, data released yesterday by the Ministry of Commerce shows. According to the figures, the ministry approved 306 new ...

Cambodia rose five places to rank 133rd out of 185 countries in the World Bank’s annual Doing Business report released yesterday, with the bank attributing the rise for the most part to the successful launch of the country’s credit bureau. Compared to other countries in the ...

The effects of the global financial crisis in 2008 and 2009 on the Cambodian economy showed how perilous having a narrow economic base can be. Since the Kingdom’s economy is dependent on a few “pillars”-garments, construction, tourism and agriculture-downturns in any of those sectors can ...

The United Arab Emirates (UAE) is considering investing in halal food production and rice milling in Cambodia, visiting UAE Minister of Foreign Trade Sheikha Lubna Bint Khalid Al Qasimi said here on Tuesday. Speaking in a meeting with Cambodian Prime Minister Hun Sen at the Peace ...

Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade will lead a delegation on Monday to Cambodia and Thailand to discuss strengthening trade and investment ties with these countries. The delegation also included officials and representatives from national institutions and companies. ...

Cambodia’s Commerce Minister Cham Prasidh said foreign investors with production bases in Thailand ought to consider Cambodia for future expansion because of the Kingdom’s greater resistance to floods. Speaking at Phnom Penh Honda’s 20th anniversary yesterday, the Commerce minister said that while Cambodia faces floods each ...

Citibank, one of the largest banks in the United States and the World, is seeking for investment opportunities in Cambodia, a bank senior official said Tuesday. During a meeting with Cambodian Deputy Prime Minister and Finance Minister Cambodian Keat Chhon on Tuesday afternoon, Darren Buckley, country ...

Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...

The Cambodian Investment Board approved nearly $850 million worth of investment projects between the start of the year and the end of July, data from the Council for the Development of Cambodia (CDC) shows. According to the data, 90 projects worth $845.26 million were approved during the first ...

An ongoing project to build hotels, luxury villas and a casino on Kampot province’s Bokor Mountain is a threat to the area’s unique animal and plant species, according to two new studies. Local conglomerate Sokimex Group has been granted property development rights on the entire mountain, ...

Investment in the Cambodian construction sector reached US$1.38 billion in the first seven months of 2012, an 85-percent rise over the same period last year, according to figures from the Ministry of Land Management, Urban Planning and Construction. During the January to July period this year, the ministry ...

Cambodia’s construction sector has attracted the investment of 1.53 billion U.S. dollars in the first eight months of 2012, a 74 percent rise compared with 881 million U.S. dollars at the same period last year, a report from the Ministry of Land Management, Urban Planning ...

The price of Phnom Penh Water Supply Authority stock over the Sept. 6-12 period fluctuated between KHR 6,350 (US$1.57) and KHR 6,300 (US$1.55). The price on Sept. 6, KHR 6,350, fell to KHR 6,300 (US$1.58) on Sept. 7 and remained there until climbing to KHR 6,350 ...

A group of Chinese trade officials from South China’s Shenzhen city has been visiting Cambodia to promote the bilateral trade and investment ties. The group was led by Zhang Jinsheng, director of Shenzhen WTO Affairs Office. Addressing a Shenzhen Economic and Trade Forum on Friday afternoon, Zhang ...

The Greater Mekong Sub-region development scheme, which celebrates its 20th anniversary this year, is moving forward with a new generation of investment aimed at strengthening connectivity, competitiveness and community over the next decade. The GMS will play a strategic role in connecting Southeast Asia with South ...

Cambodia expects the arrival of the ASEAN Community in 2015 to present challenges as well as opportunities for its people. Economic advisor to the Ministry of Foreign Affairs and International Cooperation Sok Siphanna believes that the ASEAN integrity will create more opportunity for Cambodia. “Cheap labor in ...

Cambodian Minister of Industry, Mines and Energy on Thursday hailed Chinese companies for hugely investing in the country’s energy sector, which is a key element to support the sustainable social and economic development. Suy Sem’s appreciation was made during a bilateral meeting with Wu Yin, ...

Total investment in new construction projects reached $1.53 billion through the first  eight months of the year, a 73.96 percent improvement compared to the same period last year, according to data released yesterday by the Ministry of Land Management, Urban Planning and Construction. Though the number of permits ...

Construction sector had attracted the investment of $1.38 billion in the first seven months of 2012, a 85 percent rise from $747 million at the same period last year, a report from the ministry of land management, urban planning and construction showed on Monday. During the ...

With GDP growth averaging around 9% for the past decade, Cambodia is certainly attracting interest from potential investors. It has possibly the most investor-friendly environment in Asean with no exchange controls, no restrictions on repatriation of profit, and no discrimination between foreign and local investors. Moreover, ...

Taiwan Cooperative Bank, the banking arm under Taiwan Cooperative Financial Holding Co. Ltd., received the green light from Cambodia’s central bank to open a branch in the capital city of Phnom Penh, the bank said Saturday. Cambodia, a member of the Association of Southeast Asian Nations, ...

China has done a lot to support Cambodia over the years with millions of dollars in aid, loans and investment. But after reports this week that China has pledged another $500 million in soft loans and grants—and publicly thanked Cambodia for its support in Southeast ...

The Ministry of Economy and Finance yesterday urged companies intending to list on the Cambodia Securities Exchange (CSX) to buy insurance to bolster public confidence. Vice President Bo Chanpiro of the Financial Industry Department of the Ministry of Economy and Finance said the finance sector relies not only ...