Economy and commerce
Investment
Investment law sails through National Assembly, heading towards Senate
The National Assembly (NA) approved the draft Law on Investment at a plenary session on September 9, which will undeniably play a vital role in attracting local and international investors to the domestic market. ...
Thou Vireak
https://www.phnompenhpost.com/business/investment-law-sails-through-national-assembly-heading-towards-senate
Prime Minister Hun Sen pushes GMS to invest in digital base
Prime Minister Hun Sen urged all countries in the Greater Mekong Subregion (GMS) to push for the development of digital infrastructure in order to make the economies of the region more competitive globally. ...
Ry Sochan
https://www.phnompenhpost.com/national/hun-sen-pushes-gms-invest-digital-base
The commerce minister reaffirms trade cooperation with Singapore
Cambodia and Singapore have reaffirmed their commitment to continue strengthening cooperation on trade and investment. Commerce Minister Pan Sorasak held a videoconference with Singapore’s Trade and Industry Minister Gan Kim Yong on Tuesday. ...
Michael Firn
https://www.khmertimeskh.com/50931917/the-commerce-minister-reaffirms-trade-cooperation-with-singapore/
Council set to advance digital socio-economic development
The government has established the National Economic and Digital Society Council (NEDSC) to build a foundation of a digital society to drive new economic growth, according to a royal decree on the council’s organisation and functioning released on September 8. ...
Thou Vireak
https://www.phnompenhpost.com/business/council-set-advance-digital-socio-economic-development
Angkor Landmark breaks ground by end-2021: CEO
Phase I of the Angkor Landmark development project about 15km northeast of Siem Reap town is scheduled to officially break ground at end-2021, according to the developer’s CEO Tous Saphoeun. ...
Hin Pisei
https://www.phnompenhpost.com/post-property/angkor-landmark-breaks-ground-end-2021-ceo
Business bodies to up Cambodia-Thai trade, investment
Cambodia Business Council in Thailand (CBC) and Thai Business Council in Cambodia (TBCC) entered into an official partnership to promote trade and investment between the two neighboring Southeast Asian nations. ...
May Kunmakara
https://www.phnompenhpost.com/business/business-bodies-cambodia-thai-trade-investment
Is Cambodia on track to open for tourism in November?
With Phnom Penh becoming the most vaccinated city in Southeast Asia, moves are by the Ministry of Tourism and other related sub committees to formulate a workable plan within Cambodia’s tourism and investment sectors to work towards a possible reopening of borders for fully vaccinated ...
Khmer Times Staff
https://www.khmertimeskh.com/50930468/is-cambodia-on-track-to-open-for-tourism-in-november/
Unions to request 11.6% raise to minimum wage
Seventeen union representatives from the Wage Negotiation Working Group have agreed to negotiate for a $22.20 increase in salaries for textile, garment and footwear workers for 2022. ...
Long Kimmarita
https://www.phnompenhpost.com/national/unions-request-116-raise-minimum-wage
Investing wisely in the securities market using Buffett’s time-tested techniques
Investing in the stock exchange can be a successful way of making money, whether as a source of additional cash to supplement income, generating “passive income” or even in achieving “financial freedom”. ...
Council for the Development of Cambodia approves 211 Japanese investment projects
The Council for the Development of Cambodia (CDC) has approved 211 Japanese investment projects worth about $3.14 billion to invest in Cambodia as of July 2021, according to a CDC’s press release. ...
Hin Pisei
https://www.postkhmer.com/business/2021-09-01-1042-222828.html
CDC hosts Japan investor meet
The Council for the Development of Cambodia (CDC) has approved a cumulative 211 Japanese investment projects as of July 31 worth about $3.14 billion since its inception in 1994, according to the CDC. ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-hosts-japan-investor-meet
Japanese investments to diversify economy praised
The 22nd Cambodia-Japan Joint Committee met via video conference with more than 130 members of the private sector in attendance this week. Discussions focused on minimum wage, taxes, logistics, energy supply, automobile imports, human resource development and organising workshops to better understand supply chains, according ...
Husain Haider
https://www.khmertimeskh.com/50927114/japanese-investments-to-diversify-economy-praised/
7-Eleven retail mall officially opened in Cambodia
CP All Pcl, a Thai multi-product retailer, opens Cambodia’s first 7-Eleven retail store in Sangkat Prek Leap, Khan Chroy Changvar, Phnom Penh in line with its plans to expand its business into the ASEAN region. ...
May Kunmakara
https://www.postkhmer.com/business/2021-08-31-1003-222709.html
Vietnam’s overseas investment soars 74 percent in eight months, Cambodia receives 2nd highest portion
Vietnam’s overseas investment surged 74.1 percent year on year to $575 million in the first eight months of 2021, according to the Ministry of Planning and Investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/50925547/vietnams-overseas-investment-soars-74-percent-in-eight-months-cambodia-receives-2nd-highest-portion/
EU-funded garment industry energy audits kick off
Switch Garment, in collaboration with New Delhi-based The Energy and Resources Institute (Teri) and the Institute of Technology of Cambodia (ITC), kicked off a series of energy audits in Cambodian garment factories. ...
May Kunmakara
https://www.phnompenhpost.com/business/eu-funded-garment-industry-energy-audits-kick
‘The devil is in the details’ – Tax versus incentives in new investment law
The new Law on Investment is expected to come into force next year, 10 years after the government embarked on a plan to repeal the existing statute, which was enacted in 1994, and amended in 2003. ...
Sangeetha Amarthalingam
https://www.phnompenhpost.com/special-reports/devil-details-tax-versus-incentives-new-investment-law
OCIC: Koh Norea project filling to complete by Dec
Southeastern Phnom Penh’s colossal 125ha Koh Norea satellite city project is pressing ahead, with river filling on track to be completed by the end of this year, according to Touch Samnang, deputy director-general of developer Overseas Cambodian Investment Corp Ltd (OCIC). ...
Hin Pisei
https://www.phnompenhpost.com/business/ocic-koh-norea-project-filling-complete-dec
CDC endorses 12 projects worth over $79M as of Aug 23
The Council for the Development of Cambodia (CDC) has approved final registration certificates for 12 projects with capital investment of over $79 million this month as of August 23, which could generate a reported 4,048 new jobs. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-endorses-12-projects-worth-over-79m-aug-23
Ministry of Agriculture calls for investments in Longan processing
Ministry of Agriculture, Forestry, and Fisheries has called on private sector to invest in processing facilities for longan, while is also in talks to export the fruit to more international markets. ...
Khmer Times Staff
https://www.khmertimeskh.com/50920608/ministry-of-agriculture-calls-for-investments-in-longan-processing/
Six listed firms post Q2 recovery
Six companies with securities listed on the Cambodia Securities Exchange (CSX) reported a recovery in business performance in the second quarter of this year over the early days of the health crisis, on the back of the rapid pace of the Covid-19 vaccination programme in ...
May Kunmakara
https://www.phnompenhpost.com/business/six-listed-firms-post-q2-recovery-0
$5.5 Mn of investments in new apparel projects ‘will create 1,200 jobs’
Two new investment projects worth a combined $5.5 million have been approved by the Council for the Development of Cambodia (CDC). ...
Michael Firn
https://www.khmertimeskh.com/50917469/5-5-mn-of-investments-in-new-apparel-projects-will-create-1200-jobs/
Technical team to study land use in planned Sihanoukville economic zone
The government has set up a working group to develop land management and policy in Sihanoukville as part of a plan to turn the province into a multi-purpose special economic zone (SEZ). ...
Michael Firn
https://www.khmertimeskh.com/50917450/technical-team-to-study-land-use-in-planned-sihanoukville-economic-zone/
High-end labels coming to Cambodia
The world’s most prestigious brands will be entering the market over the next 12 months as Blue Bell Group announced yesterday that it has secured a landmark deal to manage one of the country’s most-anticipated retail projects. ...
Husain Haider
https://www.khmertimeskh.com/50917137/high-end-labels-coming-to-cambodia/
New draft of investment law given National Assembly committee OK
The National Assembly committee has passed the draft bill of the new investment law. With that come hopes for it to contribute to and enhance the Kingdom’s investment environment to benefit the nation. ...
Chea Vanyuth
https://www.khmertimeskh.com/50914236/new-draft-of-investment-law-given-national-assembly-committee-ok/