Chinese investors returning: Cambodia should learn the lesson of money laundering risks
The real estate industry in Cambodia has been identified as a high-risk sector for money laundering due to a number of factors. In recent years, the industry has experienced substantial growth, which has attracted foreign investors, particularly from China. This has led to a substantial influx ...
Chinese investors keen to return to Cambodia
Chinese investors and business people are keen to return to Cambodia following the opening of China’s borders and Cambodia, on its part, is ‘China Ready.’ The bonhomie between the business communities of the two countries came to the fore once again at a forum organised ...
Cambodia’s Ministry of Tourism says country ready to receive return of Chinese investors and tourists
Cambodia’s Ministry of Tourism (MoT) have said that the kingdom is ready to welcome the return of Chinese investors and tourists, saying that their presence is vital for its tourism and socioeconomic development. ...
Khmer Times Staff
Cambodia ready to welcome return of Chinese investors, tourists
Cambodia’s Ministry of Tourism (MoT) said Thursday that the kingdom is ready to welcome the return of Chinese investors and tourists, saying that their presence is vital for its tourism and socioeconomic development. ...
Khmer Times Staff
Condo oversupply persists amid low FDI and foreign buyers
Total foreign direct investment (FDI) to the real estate sector peaked at $3.6 billion in the years preceding Covid-19, where half of the approved investments was backed by Chinese investors. In 2019 alone, FDI financing in the property and real estate development in Cambodia stood around ...
Unfinished P Sihanouk building team formed
The government on October 12 set up an inter-institutional commission tasked with resolving the issue of unfinished buildings in Preah Sihanouk province, most of which are owned by Chinese investors. This is according to a Council of Ministers letter issued on the same date addressed to ...
Sihanoukville property owners in limbo as unfinished high-rises litter the city
In 2018, Kheav Sothanny leased his 600 square meters of land in central Sihanoukville to a Chinese investor to build a 14-storey condo. The contract offered him a rental fee of $20,000 a month. ...
Chinese firm set to invest $300M into S’ville SEZ’s largest tyre plant
Chinese company “Jiangsu General Science Technology Co Ltd” has invested nearly $300 million to build the largest tyre factory in the Sihanoukville Special Economic Zone (SSEZ), according to Beijing’s embassy in Phnom Penh. ...
Preah Sihanouk sees more Chinese investors, but arrivals ‘still low’
Tourists and Chinese investors are gradually making their way back to Preah Sihanouk province, as the Covid-19 situation in the Kingdom eases and socio-economic activities pick up pace following early November’s full reopening announcement, according to a spokesman for the coastal province. ...
‘Stop all checks on Chinese venues’
Preah Sihanouk provincial governor Kouch Chamroeun has called on provincial and town police to stop the unwarranted inspections of businesses run by foreigners, especially Chinese nationals.Chamroeun was speaking at a provincial administration meeting last week that discussed encouraging further foreign investment in legitimate businesses in ...
Gov’t approves $9B worth of building projects in 2019
The government has approved more than $9 billion this year for capital investment in the construction sector, a nearly 80 per cent increase on last year, with most of the growth coming from projects in Sihanoukville, according to Minister of Land Management, Urban Planning and ...
Chinese eye asset management
A group of Chinese investors has expressed interest in investing in Cambodia’s asset management sector and tapping into the vast opportunities for businesses and investments brought about by the Kingdom’s current economic development. Kao Thach, the CEO of state-owned Rural Development Bank (RDB), met with a ...
Sihanoukville aims to reform tourism landscape
Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...
Chinese group vows to educate on the law
At a bilateral meeting between Preah Sihanouk province and a delegation of China’s Ministry of Public Security on Friday, the latter committed to educate its nationals to strictly respect Cambodian laws. Provincial administration spokesman Kheang Phearum said on Monday that during the meeting, the administration ...
Influx of Chinese business travelers, investors to Cambodia drives construction boom
Cambodia’s economy has seen an influx of business investors from China, which has driven demand for housing and hospitality services in the Southeast Asian nation. Two million Chinese visited the country last year, an increase of around 67 per cent from 2017. They represented the ...
Chinese patent deal to come into effect this month
The validation agreement between China’s State Intellectual Property Office (Sipo) and Cambodia will enter into force by the end of this month, helping protect Chinese invention patents in the kingdom. ...
Ministry rebuts reports of Chinese money laundering through property market
The spokesman for the Ministry of Foreign Affairs hit back at news reports about Chinese investors laundering their money through Cambodia’s real estate market on Monday, calling them “baseless”. ...
Chinese demand drives construction boom in Cambodia
The value of construction projects in Cambodia rose more than 22 percent to $6.4 billion in 2017 from the previous year, according to official figures released on Tuesday that showed the impact of a boom driven by Chinese investors. The high level of Chinese investment is ...
Prak Chan Thul
Beach sellers must make room for Chinese investors
Preah Sihanouk provincial authorities will ask the government to deal with 10 sellers who refuse to relocate from Koh Puos – or Hawaii beach – and Lomher Kay beach. Vendors’ representatives have asked for compensation from provincial authorities to relocate to a new area. ...
Building materials market to cater to growing needs
Chinese investors have injected nearly $5 million to build the first international-standard construction materials market – Difa International Decoration and Building Materials Market – with famous brand products from around the world. ...