News

The Council for the Development of Cambodia (CDC) has preliminarily issued final registration certificates for 35 projects with a combined investment capital of $444 million from January to the end of last month. Once operational, the projects are expected to provide more than 30,335 jobs. ... ...

The Council for the Development of Cambodia (CDC) established a tax desk at their offices that will be staffed by employees from the General Department of Taxation, in hopes of easing the burden of registration for foreign companies. ... ...

Delegates gathered at the Cambodia-Fujian Business and Tourism seminar in Phnom Penh yesterday to discuss opportunities for investment in the Kingdom through increased trade in both the energy and garment sector. ... ...

The Council for the Development of Cambodia (CDC) approved three new investment projects with a combined investment capital of nearly $8 million, according to a release.​ ... ...

Stable and quality electricity is needed to attract additional high-value-added manufacturing to Cambodia, but the quality of electricity in the kingdom remains a challenge for investors as the manufacturing sector continues to diversify. ... ...

Private sector industry leaders speaking at an investment conference yesterday in the capital railed on the high cost of electrical power, which they said was sapping their competitiveness, while state officials offered assurances that state-backed power generation schemes would soon bring prices down. ... ...

A new international airport for Siem Reap has come a step closer after a high-level technical working group was set up to work out the details. The government established the group after a proposal was submitted to the Council for the Development of Cambodia (CDC). ... ...

A mysterious cluster of crude oil storage tanks recently constructed on the coast near Kampot are linked to a $400 million project by timber baron Try Pheap to build an industrial park and oil refinery, government officials confirmed yesterday. ... ...

Kolao Group, a South Korean-owned automaker and distributor, plans to build factories in a proposed industrial park in Cambodia to assemble its proprietary line of automobiles and motorcycles, a company executive said yesterday. ... ...

A Malaysian automotive company has requested approval to establish a factory in Cambodia to assemble Nissan automobiles and manufacture spare parts for the vehicles, a government official said yesterday. ... ...

A five-day trade fair for Vietnamese products kicked off on Koh Pich in Phnom Penh yesterday, coming on the heels of recent government figures that show declines in bilateral trade and investment between Cambodia and Vietnam. ... ...

Vietnamese investors shied away from the Cambodian market during the first half of the year as the Council for the Development of Cambodia (CDC) failed to register a single qualified investment project (QIP) from Vietnam during that period for the first time in its 22-year ...

The Ministry of Mines and Energy is set to issue the country’s first commercial underground mining license to Indian company Mesco Gold in two weeks, despite opposition by residents of two villages concerned about compensation and environmental damage. The company plans to break ground on its ...

A modest increase in the inflow of foreign direct investment is a sign that Cambodia remains an attractive destination to investors, and will go a long way toward the country’s development, analysts said yesterday. Total capital inflow of foreign direct investment (FDI) to Cambodia amounted to ...

An official at the Council for the Development of Cambodia confessed during his trial on Monday to soliciting bribes from a garment factory to process its import applications, but said he did not believe at the time that he was committing a crime. ... ...

Prime Minister Hun Sen used his Facebook page this week to order his government to revoke the project licenses of companies failing to develop islands off the coast of Cambodia, or—worse—trying to sell them off to others. ... ...

The ASEAN-Korea Centre has hosted a seminar to promote investment in Cambodia's agricultural industry. Co-organized with the Council for the Development of Cambodia (CDC), the "Investment and Business Environment Seminar on Cambodia" was held at Hotel Shilla in Seoul on June 29. About 70 Koreans attended. ...

An official at the Council for the Development of Cambodia was charged with bribery over the weekend after being arrested by the Anti-Corruption Unit (ACU), just weeks after the graft-fighting body arrested a Foreign Affairs Ministry official and the ambassador to South Korea. ...  ...

Cambodia's total exports to Japan increased sharply over the first nine months of the year compared to last year due to flows of investment from Japan to Cambodia over the last few years, analysts said. ... ...

Special Economic Zones (SEZs) have brought almost 70,000 new jobs to the country, according to an Asian Development Bank report released last week. With tax exemptions on production materials, lower profit tax, and renewable leases, the SEZs have drawn foreign-owned factories manufacturing everything from bicycles ...

In 2005, after special economic zones (SEZs) were formally introduced in Cambodia through a sub-decree, Svay Reing’s Manhattan SEZ became the first to began construction the same year. The Sihanoukville SEZ remains Cambodia’s largest with over 1,000 hectares in the area. The $320 million development is ...

Ten of the Kingdom’s 24 ministerial positions are set to be reshuffled at the launch of the new government, according to an internal party memo obtained yesterday. Among those tapped for a cabinet position is Say Sam El – the 34-year-old son of Senate deputy president ...

Toll Royal Railways, the company holding the 30-year concession to operate Cambodia's rail network, has so far only spent a tiny fraction of the millions of dollars of investment it promised upon winning the deal, documents of the firm's expenditure show. The operation of the railways ...

The government has publicly issued lists showing the costs of fees that businesses must pay to authorities for various services, in an effort to help companies avoid making informal payments made illegal by the anticorruption law. The lists were drafted during the past year after Cambodia ...