Investment

Investment policy and regulations

Court temporarily halts lease transfer for victory beach

Russian businessmen Nikolai Doroshenko and Sergei Polonsky are locked in a legal dispute over Sihanoukville’s Victory Beach following Mr. Polonsky’s release from prison last month, according to copies of court documents obtained Monday. The Preah Sihanouk provincial court has temporarily prevented Mr. Doroshenko from transferring the ...

Joshua Wilwohl
http://www.cambodiadaily.com/news/court-temporarily-halts-lease-transfer-for-victory-beach-58598/

Kratie families march in Phnom Penh to protest evictions

Nearly 200 villagers from Kratie province gathered in Phnom Penh Monday, hoping to deliver a petition to the Cambodian Senate and other government agencies in protest of a rubber company’s development there. The villagers, from Snoul district, say a Vietnamese rubber company began developing in ...

Suy Heimkhemra,
http://www.voacambodia.com/content/kratie-families-march-in-phnom-penh-to-protest-evictions/1912760.html

Economic expansion of Cambodia; an opportunity for Thai entrepreneurs

The retail marketing business in Cambodia has been growing at approximately 8% a year for the last 10 years and is expected to increase by 7.5% a year from 2014-2018. This economic expansion and greater purchasing power of Cambodians, is seen as presenting great opportunities ...

National News Bureau of Thailand
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNRPT5705080010001

Parkson to build malls and lease out space

Parkson Holdings Bhd will start building malls and leasing out space to get better margins to deal with pressure on its turnover. The departmental store company will build malls in Malacca and Cambodia, both scheduled to open in 2017. The company is also building a mall ...

Jagdev Singh Sidhu
http://www.thestar.com.my/Business/Business-News/2014/05/07/Parkson-to-build-malls-and-lease-out-space/

Villagers’ crops destroyed over land dispute

Representatives of a community locked in a land dispute with a Vietnamese company in Kratie province returned home from Phnom Penh late Tuesday after failing to garner support from Prime Minister Hun Sen, while an official at the company said it had begun destroying villagers’ ...

Aun Pheap
http://www.cambodiadaily.com/news/villagers-crops-destroyed-over-land-dispute-58183/

Momentum building for GTI

The next stage of Grand Twins International’s (GTI) listing on the Cambodia Stock Exchange – public subscriptions – has had a positive response, according to the head of one of the country’s brokerage firms. Svay Hay, CEO of Acleda Securities, a registered broker for GTI, said ...

Eddie Morton
http://www.phnompenhpost.com/business/momentum-building-gti

Vietnamese funding curbs will not delay hospital development

Despite Vietnamese state-owned companies withdrawing funding from projects outside of their core business, the $20 million expansion of the Vietnamese-backed Cho Ray Phnom Penh Hospital remains on track, the hospital’s head said yesterday. In July 2012 the Vietnamese government requested that state-owned enterprises withdraw investment in ...

Daniel de Carteret
http://www.phnompenhpost.com/business/vietnamese-funding-curbs-will-not-delay-hospital-development

Aeon microfinance booms with mall on horizon

When Sor Songheng, a manager for an accountancy firm, wanted to replace his cheap Nokia phone a few months ago, he set his heart on a top-of-the-line iPhone 5S worth $780—nearly his entire monthly salary of $800. But instead of scrimping and saving for months to ...

George Styllis
http://www.cambodiadaily.com/news/aeon-microfinance-booms-with-mall-on-horizon-58122/

Villagers in land dispute with Phanimex petition authorities

Four hundred Kandal villagers locked in a land dispute in Ponhea Leu district with development company Phanimex submitted a petition Wednesday to district authorities and rights group Adhoc calling for a solution. The petition came a day after villagers blocked National Road 5 for more than ...

Ben Sokhean
http://www.cambodiadaily.com/news/villagers-in-land-dispute-with-phanimex-petition-authorities-57882/

Aeon reports record revenue amid ASEAN expansion

Aeon Co, the Japanese firm developing the soon-to-be-opened Aeon Mall on Phnom Penh’s Sothearos Boulevard, has reported a record $62.3 billion in revenue for its financial year ending February 28. The company, which has more than 260 subsidiaries, including the shopping centre development arm Aeon Mall ...

Eddie Morton
http://www.phnompenhpost.com/business/aeon-reports-record-revenue-amid-asean-expansion

Planning delays oil refinery’s progress

Construction on Cambodia’s $2.3 billion oil refinery has been set back again, this time due to planning delays, the project’s local partner, Cambodia Petrochemical Company (CPC), confirmed yesterday. The landmark oil refinery was slated to begin construction in December 2013 following a $1.67 billion loan from ...

Chan Muyhong
http://www.phnompenhpost.com/business/planning-delays-oil-refinery%E2%80%99s-progress

Cambodia targets small and medium enterprises from Japan

Prime Minister Hun Sen said that Cambodia was eager to have Japanese investors to build factories and produce goods for exports to the world market. The premier made comments during his meeting on Sunday with Tishimitsu Gotegi, Minister of Ministry of Economy, Commerce and Industry of ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OGMyOTU2M2QzMGI

No scheme in place for congestion near AEON

Despite expecting 27,000 visitors per day, little planning has gone into tackling traffic congestion at Cambodia’s long-awaited AEON Mall when it opens June 30, City Hall said yesterday. There are 1,400 vehicle parking spaces allotted at AEON and 1,600 bikes spaces accessed via both Sothearos ...

Chan Muyhong
http://www.phnompenhpost.com/business/no-scheme-place-congestion-near-aeon

AEON tenants target Cambodia’s middle class

An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...

Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/aeon-tenants-target-cambodia%E2%80%99s-middle-class

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