News
CDC grants investment licenses to two private companies
Two private companies – Ocean Apparel Manufacturing Co., Ltd., and Glamor Glass Co., Ltd., have just received green light from the Council for the Development of Cambodia (CDC) for their investment projects. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50819597/cdc-grants-investment-licenses-to-two-private-companies/
South Korean bank invests in Kingdom
The embassy of Cambodia to the Republic of Korea signed a memorandum of understanding (MoU) with DGB Bank to provide cooperation in promoting investment in Cambodia as well as protection for Cambodians in South Korea. ...
Sok Chan
https://www.khmertimeskh.com/50818388/south-korean-bank-invests-in-kingdom/
Industry leaders continue to call for further economic support
Business advocates are continuing to call on the Cambodian government to further support the local economy during and after the COVID-19 pandemic – through the implementation of collateral-free working loans and new policies to encourage more foreign direct investment in the Kingdom. ...
Harrison White
https://www.khmertimeskh.com/50726929/industry-leaders-continue-to-call-for-further-economic-support/
Australian firm keen to invest in Cambodia’s rice production chain
An Australian firm is eying investment in Cambodia’s paddy rice and milled rice production chain for export to Australia. This was made known by Pablo Kang, Ambassador of Australia during a meeting with Pan Sorasak, Minister of Commerce. ...
Khmer Times Staff
https://www.khmertimeskh.com/50723439/australian-firm-keen-to-invest-in-cambodias-rice-production-chain/
Real estate boosted last year but likely to suffer this year
The inflow of foreign direct investment (FDI) into the real estate sector in Cambodia was estimated at more than $437.3 million in 2019, according to data from the just-issued National Bank of Cambodia’s (NBC) Annual Banking Supervision Report 2019. ...
Sok Chan
https://www.khmertimeskh.com/50718100/real-estate-boosted-last-year-but-likely-to-suffer-this-year/
Cambodia continues to attract FDI with another $21 million in investments and 3,500 jobs
The Council for the Development of Cambodia (CDC) has given the approval for five new investment projects with a total investment capital of $21.3 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/50715348/cambodia-continues-to-attract-fdi-with-another-21-million-in-investments-and-3500-jobs/
FDI to Cambodia rockets 12% to $3.5 billion in 2019
Cambodia attracted more than $3.5 billion in foreign direct investment (FDI) last year, an increase of nearly 12 per cent over 2018, thanks in part to Chinese investors who accounted for half of the investments, a National Bank of Cambodia (NBC) report released last week ...
Hin Pisei
https://www.phnompenhpost.com/business/fdi-cambodia-rockets-12-35-billion-2019
Investment growing but at a slower pace: GMAC
Investment in the garment and footwear sector, one of Cambodia’s economic pillars, is growing at a slightly slower pace in 2019 compared to last year, according to an official from the Garment Manufacturers Association in Cambodia (GMAC). The deceleration is likely the result of the ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50601248/investment-growing-but-at-a-slower-pace-gmac/
Economic growth set to slow this year: WB report
Cambodia’s economy remains in a “robust” condition but economic growth is projected to slow slightly this year compared to last, mainly due to weaker than expected external demand, according to a World Bank report released on Wednesday. The bank forecast the Cambodian economy to grow ...
Hor Kimsay
https://www.phnompenhpost.com/business/economic-growth-set-slow-year-wb-report
Trade deficit grows once more
Cambodia’s trade deficit with the rest of the world continued to widen last year to $5.2 billion, as the Kingdom’s imports outstripped its exports once again, a National Bank of Cambodia (NBC) report released on Saturday said. The NBC figures revealed that the Kingdom imported $18.8 ...
Hor Kimsay
https://www.phnompenhpost.com/business/trade-deficit-grows-once-more
Chinese investment in Cambodia to diversify into SME finance
Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade Development ...
Sangeetha Amarthalingam
https://www.khmertimeskh.com/50555620/chinese-investment-in-cambodia-to-diversify-into-sme-finance/
Inflow of FDI up in first half
The inflow of foreign direct investment (FDI) into Cambodia witnessed solid growth in the first half of this year due to strong funds flowing into the financial and real estate sectors, said a central bank report. It said this was despite the agriculture and garment ...
Hor Kimsay
https://www.phnompenhpost.com/business/inflow-fdi-first-half
Kingdom ranks second for FDI from VN
The Kingdom ranked second in the first half of the year for overseas Vietnamese investments, receiving about $32 million of the total $263 million outflow from the eastern neighbour. The Vietnamese General Statistics Office (GSO) said from January to June this year, that country’s businesses ...
Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-ranks-second-fdi-vn
Investment in extractive industry worth 1.3 billion
Foreign direct investment (FDI) in the extractive industry, including some projects expected to be approved before the end of the year, now equals $1.3 billion, making it one of the most valuable economic sectors in the kingdom, according to data from the Ministry of Mines ...
Chea Vannak
http://www.khmertimeskh.com/50112148/investment-in-extractive-industry-worth-1-3-billion/
Has Cambodia’s economic boom imploded?
Cambodia’s economic rise starkly contrasts the political chaos that reached a climax in November 2017 with the dissolution of the Cambodia National Rescue Party — the country’s only major opposition party — and the detention of its leader, Kem Sokha. Prime Minister Hun Sen has ...
Heidi Dahles
http://www.eastasiaforum.org/2018/01/16/has-cambodias-economic-boom-imploded/
CDC official thanks China for investment
The Council for the Development of Cambodia (CDC) heaped praise upon China yesterday for its continual support of the Kingdom, claiming that without its investment the local economy would never have managed to take off. ...
Hor Kimsay
http://www.phnompenhpost.com/business/cdc-official-thanks-china-investment
Report shows need for Cambodia to diversify exports
Global credit rating agency Moody’s Investors Services said yesterday that while it has retained Cambodia’s B2/stable sovereign rating alongside Vietnam’s B1/positive rating, the Kingdom’s low diversification of exports has put it at higher risk from external shocks than its eastern neighbour. ...
Kali Kotoski
http://www.phnompenhpost.com/business/report-shows-need-cambodia-diversify-exports
Banking sector FDI spikes on new banks and higher caps
Inflows of foreign capital into the Kingdom’s banking sector nearly doubled during the first half of the year as two heavyweight players entered the local market and lending institutions responded to revised minimum capital requirements, a central bank official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/banking-sector-fdi-spikes-new-banks-and-higher-caps
Steady FDI helps keep economy on course
Total foreign direct investment receipts have remained consistent over the past five years, according to a new government report that incorporates central bank data. ...
Hor Kimsay
http://www.phnompenhpost.com/business/steady-fdi-helps-keep-economy-course
Slowdown in GDP growth projected for 2019
The World Bank on Thursday forecast a slight dip in the country’s economic growth rate by 2019 amid declining foreign investment, rising inflation and a slowdown in the expansion of garments manufacturing, and advised improvements to infrastructure and training to keep the economy on its ...
Matt Surrusco
https://www.cambodiadaily.com/news/slowdown-in-gdp-growth-projected-for-2019-128024/
Moody’s maintains sovereign debt rating
Global credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position. ...
Hor Kimsay
http://www.phnompenhpost.com/business/moodys-maintains-sovereign-debt-rating
Kingdom sees major increase in United States investment
US investments in Cambodia increased 15-fold last year, due mainly to the construction of a new Coca-Cola plant in the Phnom Penh Special Economic Zone, according to a statement from the Council for the Development of Cambodia (CDC). ...
Sok Chan
http://www.khmertimeskh.com/news/35808/kingdom-sees-major-increase-in-united-states-investment/
Kingdom’s economy insulated: officials
Speakers at a government forum held yesterday on macroeconomic management and the 2017 budget law said Cambodia’s strong economic growth has been largely unscathed by China’s slowdown, though clouds were forming on the horizon. ...
Hor Kimsay
http://www.phnompenhpost.com/business/kingdoms-economy-insulated-officials
Solid year to carry forward: NBC
The National Bank of Cambodia (NBC) released its review of 2016 and outlook for 2017 this week, highlighting the continued large growth of the banking sector while warning that the Kingdom was still vulnerable to external economic factors. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/solid-year-carry-forward-nbc