Cambodia’s Star Casino Asset at Centre of Donaco’s USD 55.6 Million Takeover by On Nut Road
Donaco International’s flagship Cambodian asset, the Star Vegas casino and hotel complex in Poipet, is now at the heart of a USD 55.6 million acquisition deal by On Nut Road, a Hong Kong-based special purpose vehicle managed by Argyle Street Management. As part of the takeover, shareholders will receive USD 0.045 in cash per Donaco […]
Gov’t, private sector join forces to boost local agricultural production through key MOU
In a major step towards boosting local agricultural production, the Ministry of Commerce has collaborated with six leading feed manufacturers to sign a Memorandum of Understanding (MoU) aimed at promoting key agricultural products such as red corn, cassava and other raw materials in Cambodia. This was announced at a MOU signing ceremony presided over by […]
IKEA Explores Expansion into the Cambodian Market
Swedish furniture giant IKEA is setting its sights on Cambodia as a potential market for expansion. During a recent meeting, HE Chea Wutthy, Secretary General of the Investment Committee of Cambodia, welcomed an IKEA delegation led by Mr. Giafar Safaverdi, CEO of IKEA Southeast Asia, to discuss investment opportunities in the region. In the meeting, […]
Cambodian Government Set to Launch Incentive Policy for Domestic Assembly Production
The Government of Cambodia is on the verge of introducing a groundbreaking incentive policy aimed at boosting domestic assembly production and significantly reducing imports. Prime Minister Hun Manet announced this initiative during the 2nd annual conference of the Cambodian Oknha Association, where he outlined the government’s 2025 economic plans. The forthcoming policy is designed to […]
Cambodia’s Trade Surges to USD 9.44 Billion in Early 2025
In a promising start to the year, Cambodia’s international trade volume soared to approximately USD 9.44 billion during the first two months of 2025, marking a remarkable 16.3% increase compared to the same period in 2024, according to a recent report from the General Department of Customs and Excise of Cambodia. Export activities also showed […]
Indonesia Commits to Boost Investment in Cambodia as Trade Reaches USD 1 Billion
In a significant diplomatic engagement, His Excellency Santo Damosumato, the Ambassador of the Republic of Indonesia to the Kingdom of Cambodia, expressed his country’s commitment to attracting more investment to Cambodia. This announcement was made during a meeting with Mr. Kuoch Chamroeun, the Governor of Kandal Provincial Council, on March 6, 2025. Ambassador Damosumato’s remarks […]