Business and Market
Cambodia and UK Forge Strategic Alliance to Elevate Bilateral Trade, Aiming for US$1 Billion Milestone by 2022
In a resounding display of mutual commitment, the Ministry of Commerce of Cambodia and the Ministry of Commerce of the United Kingdom have recently inked a momentous Memorandum of Understanding (MoU). This agreement paves the way for the establishment of a joint trade and investment forum, aimed at expanding bilateral trade between the two nations. […]
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Sihanoukville Special Economic Zone: A Thriving Hub Attracting 175 Investors and Creating 30,000 Jobs
In an impressive display of growth and economic vitality, the Sihanoukville Special Economic Zone (SSEZ) has emerged as a coveted destination for international investors. With 175 enterprises from various countries, including China, Europe, the United States, and Southeast Asia, the economic zone has generated nearly 30,000 employment opportunities for local communities, fueling the region’s progress. […]
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PM Proposes Study on Agricultural Wholesale and Retail Markets to Boost Farmers’ Opportunities
In a move to enhance market access for farmers and provide a platform for selling their agricultural produce, Samdech Hun Sen, the Prime Minister of Cambodia, has suggested conducting a comprehensive study on the establishment of wholesale and retail markets for agricultural products across the capitals and provinces. During the graduation ceremony of agricultural graduates […]
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Cambodia and Japan Plan to Establish More Private Business Centers as Trade Volume Exceeds US$2.4 Billion
The bilateral trade volume between Cambodia and Japan is set to surpass US$2.4 billion in 2022, prompting discussions to establish more Cambodian private business centers by 2023. This was announced during the opening ceremony of the “Cambodia Expo 2023” event held in Tokyo on May 3, 2023. According to HE Chhuon Dara, Minister Delegate to […]
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Singapore Doubles Property Tax for Foreign Buyers in Effort to Cool Market
In a move to address concerns over the affordability of housing for locals and maintain its position as a competitive financial hub, Singapore has raised taxes on property purchases. The Ministry of Finance, National Development Ministry, and Monetary Authority of Singapore have jointly announced that stamp duties for foreign buyers will increase from 30% to […]
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OCIC and BIG C Join Forces to Bring Top-Notch Shopping Experience to Chroy Changvar Satellite City
OCIC, one of Cambodia’s most prominent developers, has recently signed a memorandum of understanding with BIG C Shopping Mall from Thailand to bring the top brand to the new Chroy Changvar satellite city, situated north of Phnom Penh. According to a press release by OCIC on 22 April 2023, the BIG C shopping mall project […]
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US$6 Million Bran Oil Refinery Ready for Sale in Battambang
A $6 million investment in a medium-sized bran oil refinery in Battambang province is set to go on sale after the Khmer New Year, according to RFI on 17 April 2023. The Cambodian jasmine rice refinery can refine more than 10 tons of cooking oil using about 50 to 100 tons of crude bran. Chhem […]
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Siam Makro Plc to Invest Over US$800 Million in Retail and Wholesale Business Expansion
Siam Makro Plc, the operator of Makro cash & carry stores and Lotus hypermarkets, has announced plans to invest 25.3-27.5 billion baht (over US$800 million) this year to expand its retail and wholesale businesses. According to Saowaluck Thithapant, Group Chief Executive of Siam Makro, ” This move is in anticipation of a positive impact on […]
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Cambodia’s Iron and Steel Imports Jump 11% to US$93 Million in Q1 2023
Cambodia’s imports of iron and steel amounted to US$93 million in the first quarter of 2023, up 11% from the same period last year. The two products were included in the list of top 20 commodities imported in March 2023, according to the General Department of Customs and Excise, The import of iron and steel […]
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AEON 3 Mall worth US$290 million officially opened
AEON (Cambodia) Co., Ltd. has opened its third shopping mall, AEON Mall Meanchey, located on Samdech Techo Blvd. in Phnom Penh. The grand opening ceremony was held on 7 April 2023, with HE Dr HUN Manet in attendance. After four months of trial operation, the mall is officially open to the public. The AEON 3 […]
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