Investment

A Cambodian company and a Chinese firm on Monday signed a Memorandum of Understanding (MoU) in order to build a railway and a seaport in Cambodia to serve iron and steel mining industry. The deal was inked between Zhang Chuan You, general manager of Cambodia Iron ...

Malaysian-owned Maybank, one of the largest banks in Cambodia, opened its 12th national branch in Phnom Penh on Friday. The bank aims to reach emerging businesses in the city’s Special Economic Zone (PPSEZ) with the new office. ...

OSK Investment Bank Berhad (OSKIB), the parent company of OSK Indochina Bank Limited (OSKIBL), has become a wholly owned subsidiary of the Malaysia-based financial services group RHB Capital Berhad (RHB Capital), effective from November 9. ...

Bilateral trade volume between Cambodia and Vietnam jumped to 3.3 billion U.S. dollars in 2012, a 18 percent rise from 2.8 billion U.S. dollars in 2011, according to a report provided by the Association of Vietnam Investment in Cambodia on Saturday. The report also said ...

The government was to resume rail services between Phnom Penh and Sihanoukville Friday in collaboration with Toll Royal Co, Richz Electronic Services and the Asian Development Bank, sources said. ...

Cambodia’s economic performance this year has been heartening despite the global economic slowdown, especially the chaos caused in Europe by the sovereign-debt crisis and the sluggish recovery of the US economy. In October, the International Monetary Fund revised its world growth projections to 3.3 per cent ...

Prime Minister Hun Sen yesterday encouraged Cambodians to strive for Chinese-style millionaire status as he inaugurated a sugar refinery located inside two controversial plantations belonging to CPP Senator Ly Yong Phat and his wife in Kompong Speu province. “I have one clear policy in strengthening the ...

Though the mood was congratulatory yesterday at the inauguration of ruling party Senator Ly Yong Phat’s sugar company – a gleaming, new facility nestled in between two hills in Kampong Speu province’s Omlaing commune – the mood just a few kilometres away bordered on desperation. Sitting ...

Cambodia today opened first largest sugar factory in Kampong Speu province, western part of city of Phnom Penh with $ 150 million investment  from a local company which employs 2 554 workers. Ly Yong Phat, owner of Sugar factory ( Phnom Penh sugar company) said:  his ...

The figures were released at a recent conference reviewing three years of Vietnamese trade and investment promotion in Cambodia, held by the Association of Vietnamese Investors in Cambodia (AVIC) in Phnom Penh. In 2010, Vietnam had only 41 investment projects totaling US$566 million in Cambodia. AVIC has ...

Hattha Kasekar Limited (HKL), one of Cambodia’s largest microfinance institutions (MFI), plans to install 15 ATM machines to service its increasing number of depositors. It becomes the second MFI after Prasac in Cambodia to provide this service to its clients. ...

Vietnamese investors are planning to invest more in accommodation services and to build hotels in at least three provinces that Vietnamese visitors traveling to the world-knowned Angkor Wat will travel past. ...

The Nam Sao Cambodia international fertilizer plant, the largest of its kind in Cambodia and a project under cooperation between the country and Vietnam, was Tuesday inaugurated in Somrongthom Commune, Kean Svay District, Preyvan Province, 40 kilometers from the capital city of Phnom Penh. Prime Minister ...

The Phnom Penh Autonomous Port (PPAP) will officially open two new ports in January in response to a rise in imports and exports of cargo. The PPAP is also one of the state-owned enterprises due to be listed on the Cambodian stock exchange by 2014. ...

The Ministry of Commerce is conducting a feasibility study to set up an open paddy market for paddy rice in at least two provinces to make the rice trade more transparent, s senior official says. ...

PhillipCapital, a Singapore-based integrated financial services provider and a majority stakeholder in three of Cambodia’s micro-finance institutions (MFIs), plans to consolidate the three into a commercial bank. ...

Cambodia expects to attract more investment from India after an agreement on trade and investment was made by all ASEAN leaders last week in New Delhi. Officials said India would become a potential market for Cambodia. The agreement will encourage Indian investors to invest in ASEAN ...

The town of Chilliwack in the Canadian province of British Columbia is indeed far, far away from the town of Takhmao in Kandal province. But, the cities have entered into a perhaps unlikely partnership to help Takhmao make the most of its location and resources ...

More than a month after ordering Internet cafes within 500 meters of schools to shut down, Telecommunications Minister So Khun said yesterday that no cafes would be force to close. “We have no plans to close any cafes. We encourage more to open,” Mr. Khun said ...

South Korea’s LG Electronics said the grand opening of its new outlet on Monivong Boulevard would take place on Saturday. ...

A massive Chinese steel firm, with which Prime Minister Hun Sen signed a $2 billion deal to build a steel mill in September, has formed a subsidiary company in Cambodia, according to a company announcement. Delong Holdings Limited, which is listed on the Singapore Stock Exchange but has ...

Qatar Airways will add a stop in Phnom Penh on it [sic] Doha-Ho Chi Minh City route, 20 February, while Air France announced it will pull its Phnom Penh service in March. Qatar Airways will operate a daily service between Doha-Phnom Penh via Ho Chi Minh ...

An ambitions new agricultural development project backed by a former US diplomat is aiming to dramatically revamp the sector and bring profits back into the hands of farmers. Sichan Siv, a Cambodian with dual citizenship who spent five years serving as US ambassador to the UN, ...

The Lucky Supermarket Group opened its seventh outlet in Cambodia on the ground floor of the Rose City building on Norodom Boulevard yesterday, with company representatives saying it believed it would attract more foreign customers. Richard Seah, CEO of DFI Lucky Private Limited, said the new ...