Business and Market
Cambodia’s iron and steel imports worth US$119 million in four months
Cambodia imported iron and steel worth $119.72 million in the first four months of 2022, marking an increase of 19 percent over the $101 million recorded in the same period last year, according to Customs. This accounted for 1.192 percent of the Kingdom’s total goods imports over January-April, valued at $10.043 billion, statistics from the […]
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OCIC officially launches The Diamon Bay Garden Condo Project in Koh Pich
The Overseas Cambodian Investment Corporation (OCIC), the largest real estate developer in Cambodia, announced the official opening and sale of the Diamond Bay Garden, a 37-storey condominium project along the Mekong River, Koh Pich Island City, Phnom Penh. Charles Vann, Deputy General Director of Canadia Group and representative of Pung Kheav Se, Chairman of the […]
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Aeon Mall Plans to Invest in Four More Malls in Hanoi
Japanese retail giant Aeon Mall plans to invest in three or four more projects in Hanoi by 2025. Nagakawa Tetsuyuki, General Director of Aeon Mall Vietnam mentioned the business plan in a recent meeting with Hanoi Party Secretary Dinh Tien Dung, last week. Tetsuyuki said he hopes Hanoi will continue its support so the Aeon […]
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US Congress Yearns for Strengthen Trade & Investment Ties with Cambodia in the Energy Industry
The US Congress intends to strengthen trade and investment ties with Cambodia in the energy industry to further boost trade between the two countries. This statement was made during a discussion between US Congressman, the Minister of Public Works and Transport, Minister of Commerce, and the Cambodian delegation with His Excellency Ron Estes, Member of […]
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10-Year-Old Condos in GTA Cost 19% More Than When Newly Built
On 9 May, Tokyo Kantei announced the results of its Survey on ‘Resale Value (RV) of 10-Year-Old Condominiums in the Greater Tokyo Area for 2021.’ The study focused on 9 -10-year-old secondhand condos listed throughout 2021 and compared them to their original listed price when brand new; data of which Tokyo Kantei is the go-to […]
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CDC Approves Four Investment Projects Worth Over US$13M in PP, Kandal, Kampong Speu & Takeo
The Council for the Development of Cambodia (CDC) has given permits to 4 private firms to invest in 4 projects worth US$13.9 million in Phnom Penh, Kandal, Kampong Speu and Takeo. The first company is GLORY LIGHT (CAMBODIA) INTERNATIONAL CO., LTD., investing US$3.2 million in building a factory to produce kitchen and office materials (made […]
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Gov’t Approves Six Investment Projects Worth Over US$150m in PP, Kandal, Kampong Speu, Takeo & Sihanoukville Provinces
The Council for the Development of Cambodia (CDC) has approved private investments of more than US$152.6 million to establish five factories and a business center in Phnom Penh, Kandal, Kampong Speu, Takeo, and Sihanoukville. According to the Prakas of the Council for the Development of Cambodia on 5 May 2022, there are six companies that […]
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Donaco International Seeks US$5 Million Loan for DNA Star Vegas in Poipet City
Border casino operator Donaco International Ltd says its directors have approved a new loan facility of US$5 million to support DNA Star Vegas in Poipet city, the GGRASIA reported on 3 May. The Monday 2 May announcement came as the firm passed the two-year milestone regarding the temporary closure of what had been its main […]
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Hong Lai Huat to Sell Up To US$50m Worth of D’Seaview Units in Cambodia
Hong Lai Huat, on 4 May, announced that it has entered into a term sheet with Fabi Capital, where it will grant the latter the right to purchase up to US$50 million worth of residential and commercial units in D’Seaview. D’Seaview is the company’s upscale mixed-use development project located in Cambodia’s Sihanoukville province. It comprises […]
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Gov’t Approves Three Investment Projects Worth Over US$18m in PP & Kampong Speu
The Council for the Development of Cambodia (CDC) has given permits to 3 private firms to invest in 3 projects worth US$18.8 million in Phnom Penh and Kampong Speu. The first company is ORIENT HONGYE (CAMBODIA) KNITTING CO., LTD., investing US$3 million in building a garment factory in Phnom Penh. The second company is KYLIN […]
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