Business and Market
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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Eyes Back on Phnom Penh’s Property Market
By Eric Wong Chon Lap While many business sectors in Cambodia struggle to keep afloat from the current COVID-19 wave, property buyers are expanding their portfolios. As all businesses reopened and restrictions lifted, more attention has been drawn back to the Cambodian property market as investors demand first or second homes. With the government’s policies […]
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ADB projects Cambodia’s economic growth at 5.3% in 2022, and 6.5% in 2023
The Cambodian economy is projected to grow by 5.3% in 2022 and 6.5% in 2023, driven by the increase in exports and inflow of foreign direct investment, according to Asian Development Bank (ADB)’s report on 6 April. Among all, the hospitality sector will see a decent recovery in 2022 but is expected to grow significantly […]
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Malaysia Eyes Investing Potential in Kampong Speu Province
A group of Malaysian investors has been exploring investment potential in key sectors in Kampong Speu province including real estate, tourism, trade, agriculture, industry, and solar power. The investment interest was mentioned in a meeting between Kampon Speu Governor HE Vei Samnang and the Ambassador of Malaysia Eldeen Husaini Hohd Hasim on 16 March. According […]
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H&M Debuts First Store in Aeon Mall Phnom Penh
Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) on Thursday 17 March opened its first store at Aeon Mall Phnom Penh. H&M Phnom Penh is located on the 1st floor in Sweet Zone of Aeon Mall 1. Speaking at the event, Philippe Lassaux, CEO of H&M Cambodia and Thailand, said the company strives […]
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Battambang Set for Pub Street Similar to Siem Reap
Battambang Governor HE Sok Loo said Battambang will soon build a Pub Street to attract national and international tourists, like the one in Siem Reap. HE Sok Lou unveiled this plan during a meeting with Secretary-General of the Escato Circus School Ms Aurelie Vincq on 16 March to report on the progress of Phare Ponleu […]
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China, Cambodia Reviews Detailed Master Plan to Transform SHV into Multi-Purpose SEZ
Officials of the Ministry of Economy and Finance, representatives of the Urban Planning and Design Institute of Shenzhen, Cambodia Chamber of Commerce, and entrepreneur associations have reviewed and collected more inputs for the draft master plan to transform Sihanoukville into a multi-purpose SEZ. The discussion meeting was held on 15 March, co-organised by the Cambodia […]
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