$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). ...
Australia wants to resettle refugees on remote island, Cambodian opposition leader says
Australia has considered sending up to 1000 refugees to live on a remote island off the coast of impoverished Cambodia under a controversial resettlement agreement,, according to an opposition leader in Phnom Penh. Australian officials have visited several sites to accommodate the refugees now on Nauru, ...
New Mekong bridges slated for Phnom Penh
The Council of Ministers this week announced two new spans across the Mekong River in the vicinity of the capital, one connecting the Chroy Changvar peninsula to Kandal’s Khsach Kandal district and another connecting Phnom Penh’s Chbar Ampov district with Kandal’s Lvea Em. ...
Khouth Sophak Chakrya
Health and women’s affairs get $64M grant
The German ambassador, Joachim Baron von Marschall, signed an agreement with the permanent Deputy Prime Minister Keat Chhon yesterday for €47 million ($64 million) in aid. The grant will be used for developing projects within the ministries of health, rural development and women’s affairs. ...
OIC delegation visits Cambodia
A delegation from the Organization of Islamic Cooperation (OIC) recently visited Cambodia to participate in an international conference organized by the Council for Development of Cambodia under the slogan “Islamic Education and Economic Development in Cambodia” in the capital Phnom Penh. Located in the southern portion ...
Arab News Staff
Taiwan gets green light to open trade center in Cambodia
The nation has received approval from the Cambodian government to open a trade center in Phnom Penh, the semi-official Taiwan External Trade Development Council (TAITRA) said. The center, which is expected to be officially opened next month at the earliest, will raise the number of the ...
Taipei Times News Staff
Firm’s Split From Boeng Kak Project Confirmed
The Chinese firm that was financially backing an ambitious project to develop Phnom Penh’s Boeng Kak neighborhood has pulled out, Chinese Embassy and company officials have confirmed, and no other investor appears to have taken its place. That makes the Erdos Hongjun Investment Corporation at least ...
Zsombor Peter and Aun Pheap
Companies warned over slow development of ELCs
Provincial government officials in Stung Treng have warned companies granted economic land concessions (ELCs) in the province to fulfil their promised development plans or face losing their rights to the land. Touch Thea, director of the Stung Treng provincial department of agriculture, said the call for ...
Commerce minister, US Ambassador swap praise after trade trip
U.S. Ambassador William Todd and Commerce Minister Sun Chanthol praised each other for their dedication to the development of the Cambodian economy at a press conference in Phnom Penh on Monday, following a joint trade mission last month to the U.S. Mr. Todd and Mr. Chanthol, ...
Report sees increasing foreign investment in industrial sector
The latest CBRE Cambodia Market View on the industrial market is upbeat about investment in the Kingdom, despite frequently touted political risks. “Cambodia remains an attractive destination for industrial work and operations, with low inflation rates of 2.9 per cent and comparatively low minimum wages,” says ...
Friends in high places
A Chinese developer with a “family-like” relationship to Prime Minister Hun Sen’s bodyguard unit has accelerated construction at its $5 billion resort – ostensibly cancelled by royal decree in 2010 – in a protected national park in Preah Sihanouk province. The 3,300-hectare Golden Silver Gulf resort ...
Daniel Pye and May Titthara
Britain eyes 5 bln USD trade volume with Cambodia by 2020: envoy
British Prime Minister’s Trade Envoy David Puttnam said Thursday that the country looked to boost bilateral trade volume with Cambodia to $5 billion by 2020. “The bilateral trade between the UK and Cambodia reached $1 billion last year and we expect the trade volume will hit ...
Made here, owned there
At the end of a well-paved road just past the city’s airport sits a cluster of factories. Each one is barely discernible from the next – grey concrete walls and blue aluminium roofs. But one factory in the lot, MAG (Cambodia), is different. In a country ...
Daniel de Carteret
Cambodia’s telecom agency firm on fees
Cambodia’s telecommunications ministry yesterday defended intervening in the market by fixing minimum prices for mobile phone calls, rationalising the base charges as necessary to stem the loss of tax revenue and avert a monopolised industry. The floor price was introduced in 2009 to prevent the demise ...
Chan Muy Hong and Daniel de Carteret
Aid Pledges Continue Despite CNRP Calls for Delay
Germany has pledged $64 million in aid donations to Cambodia for this year and next, amounting to a “substantial increase” over the past two years of official German assistance to the country, the German Embassy announced on Wednesday. Germany’s new aid package, the majority of which—$54 ...
Poor Education Could Cripple Business Growth
Low-quality education is jeopardizing business growth in Cambodia, and local graduates will not be employable in skilled jobs if the government does not quickly implement educational reforms, business executives warned Thursday at the Cambodian Market Intel 2013 seminar in Phnom Penh. During an hourlong panel discussion ...
Investment law change-up
Following the announcement of recent reforms to Cambodia’s customs department and Commerce Ministry, a revision of the country’s investment law is planned for next year, according to the secretary-general of the Council for the Development of Cambodia (CDC). Speaking to reporters at a workshop at the ...
PPSEZ signs MoU with Tokyo bank
Tokyo-based Sumitomo Mitsui Banking Corporation (SMBC) has signed a memorandum of understanding with the Phnom Penh Special Economic Zone (PPSEZ) to help support Japanese investment in Cambodia. The MoU was signed by SMBC President and CEO Takeshi Kunibe and PPSEZ Chairwoman Lim Chhiv Ho earlier this ...
Snake Island plans back to the drawing board
A development company with a government concession for a high-end property project on the island of Koh Pos, also known as Snake Island, has announced that it will significantly alter its original plans for the project. The new plan, which must first be submitted for ...
Transparency Needed to Follow Aid Money
The aid sector needs more transparency to ensure that the public knows exactly where and how money is being spent, a consortium of NGOs said Tuesday. Tek Vannara, deputy executive director of the NGO Forum, said at a workshop in Phnom Penh that while the Council ...