Business and Market
Australian Conglomerate FreshStart Eyes Major Investments Across Cambodia’s Key Sectors
Aegros and FreshStart Logistics, a subsidiary of FreshStart, have unveiled plans to significantly expand their investments in Cambodia, targeting three pivotal sectors: logistics, energy, and healthcare. This strategic move was disclosed during a meeting between Mr. Daniel Phillips, President of FreshStart Company, and Prime Minister Hun Manet at the ASEAN-Australia Special Summit in Melbourne on […]
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Australia’s Plus94 Fund Explores Investment in Business Support Centre in Cambodia
In a move indicative of expanding global business interests, Australia’s Plus94 Fund is contemplating an investment in a business operations support centre within Cambodia. The revelation surfaced during a high-profile meeting between Samdech Hun Manet, Cambodia’s Prime Minister, and Mr. Arj Samarakoon, the Executive Director and Founder of Plus94 Fund. This discussion transpired on the […]
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Cambodia-US Trade Volume Surges to US$626m, Nearly 8% Increase, in January 2024
In a significant leap forward for bilateral trade relations, Cambodia and the United States witnessed a 7.74% increase in their trade volume, reaching an impressive US$626 million in January 2024, up from US$581 million in the same month the previous year. This notable growth was highlighted by HE Buon Sarak Mony, Secretary of State of […]
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MME Denies Alleged Agreement with Vietnamese Company for Mekong Sand Dredging
Ung Dipola, spokesman for the Ministry of Mines and Energy in Cambodia, vehemently rejected recent claims made by Vietnamese newspaper VN Express regarding a purported agreement for sand dredging on a Mekong River segment. Mr Ung clarified the stance in an interview with French newspaper RFI, published on 16 February 2024. The controversy unfolded following […]
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Vietnam Initiates Trade Boost with Reduced Tariffs on Select Cambodian Goods
In a bid to fortify economic ties, Vietnam has introduced preferential import tariffs for specific Cambodian goods, aiming to catalyze trade between the two neighboring nations. The recent issuance of Decree 5/2024/ND-CP by the Vietnamese Government outlines conditions under which lower import tariffs will be applicable for Cambodian imports. The move is expected to stimulate […]
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Cambodia’s Labour Landscape Thrives: Nearly 50k Registered Businesses Employ Over 1.7m Workers
The Ministry of Labour and Vocational Training boasts registration numbers of 49,075 factories and businesses, collectively employing more than 1.7 million individuals. This impressive statistic was revealed during a meeting at Sokha Hotel in Phnom Penh on 8 February by Prime Minister Samdech Hun Manet. Prime Minister Hun Manet emphasised that the registered factories and […]
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Hong Lai Huat To Sell Two Subsidiaries in Cambodia at US$37.5 Million & Exit from Agricultural Ventures
Singaporean property developer Hong Lai Huat has announced plans to divest two underperforming subsidiaries in Cambodia, marking its departure from the agricultural sector. The proposed disposal, with a total consideration of US$37.5 million, underscores the company’s strategic shift away from an agricultural business that has faced profitability challenges since its establishment in 2008, according to […]
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Japan’s Robust Investment: US$706m Fuels Construction of Three AEON Supermarkets, Unveiling Plans for a Fourth Location by 2023
AEON Mall (Cambodia) Co., Ltd., the Japanese retail giant has invested a substantial US$706 million in constructing three supermarkets in Cambodia as of 2023. This update was revealed during a productive meeting between HE Sun Chanthol, Deputy Prime Minister, and first Vice President of the Council for the Development of Cambodia, and Mr Tsboya Masayuki, […]
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Sihanoukville SEZ Soars: Records Exports & Imports Worth US$ 3.6bn in 2023
In a remarkable economic feat, the Sihanoukville Special Economic Zone (SEZ) achieved a momentous milestone in 2023, reporting a substantial trade volume of approximately US$ 3.662 billion in exports and imports combined. The SEZ report unveiled on 29 January 2024, underscores its pivotal role, constituting a notable 7.18% share of the nation’s total trade volume, […]
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CAMKO INFRACORE Eyes Cambodia for Global Electric Car Assembly Plant
Korea’s CAMKO INFRACORE is contemplating a substantial investment in Cambodia, envisioning the establishment of an electric car assembly plant with a focus on global exports. This ambitious plan was disclosed during a high-profile meeting held on 24 January 2024, between HE Sun Chanthol, First Deputy Prime Minister and First Vice President of the Council for […]
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