Business and Market
US$18m Siem Reap Zoo Opening in October
The US$18 million Siem Reap Zoo is set to open in October 2022 officially. This is according to the inspection of the progress of the zoo by HE Veng Sakhon on 16 June. The company’s CEO, Roger Reynolds, said that the zoo was established to display the aquatic and wildlife species in the Kingdom of […]
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Star Vegas Resumes Operation in Poipet City
ASX-listed Donaco International Limited says it will recommence casino operations on 18 June, almost 14 months since closing its doors due to COVID-19. The reopening comes after the Cambodian government and local authorities lifted a temporary closure order on all casinos in Banteay Meanchey province, which includes Poipet on the border with Thailand. “We are […]
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Nestlé Switzerland Wants to Invest in Cambodia
Nestlé Switzerland has expressed its intention to seek more investment opportunities in Cambodia, especially in setting up a factory in Cambodia that sees significant uses for Nestlé products. At the invitation of Nestlé Switzerland, HE Pan Sorasak, Minister of Commerce, led a delegation from the Ministry of Commerce on 16 June to visit Nestlé Switzerland, […]
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Four New Auto Brands to Set Up Assembly Plants in Cambodia
In addition to Ford, four new auto brands are set to open auto assembly plants in Cambodia located in Cam MJ Industrial Park on National Road 3 in Angkor village, Ang Por Peul commune, Kong Pisey district, Kampong Speu province, with an investment of about 15.6 million US dollars, according to the release of the […]
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Construction & Real Estate Sectors Expected to Continue Growth in 2023
The construction and real estate sectors are expected to continue to recover in 2023 due to the influx of foreign investment and the demand for low- and medium-cost housing. In the draft law on financial management for 2023, signed by Samdech Techo Hun Sen, Cambodian Prime Minister of Cambodia on 08 June, the government stated […]
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Construction Businesses Registering on Single Portal Worth US$1 billion in Investment Value
The Online Business Registration platform registered a total of 14,676 business applications, with a total investment of US$4,670 million in the capital in the two-year period since its launch. According to a press release from the Ministry of Economy and Finance, business applications in the construction sector accounted for 21.6% or about US$1 billion of […]
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Motor Cambodia Assembly Plant Worth Over US$20 million Officially Inaugurated
The Motor Cambodia Assembly Plant worth more than US$20 million in Pursat province was officially inaugurated on 16 June 2022 by His Excellency Hun Manet, Deputy Commander of the Royal Cambodian Armed Forces and Commander of the Army. Speaking at the event, HE Hun Manet expressed his great pride in the people of Pursat, especially […]
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US McDonald’s Brand Renamed in Russia Due to Economic Sanctions
More than 800 McDonald’s stores in Russia have been rebranded after the US-based company decided to leave Russia over the war of aggression in Ukraine. McDonald’s decided to sell all 850 stores in Russia to local investor Alexander Nikolaevich Govor for US$1.4 billion, CNN reported on 13 June. The American McDonald’s brand, which has been […]
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Cambodia Imports Almost US$150m of Iron & Steel in Five Months
Cambodia imported a total of US$149 million worth of iron and steel in the first five months of the year, up 19.8% from the same period last year. According to the General Department of Customs and Excise, the volume of steel and steel imports contributed about 1.1% of the total import value of US$13.057 billion, […]
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Cambodia & Thailand Urge Opening of Four More Border Crossings
Cambodian and Thai authorities have urged the opening of four more crossings borders, according to a meeting between the Pursat and Trat provincial administrations on 09 June 2022. The meeting was chaired by Mr Pov Piseth, Deputy Governor of Pursat Province and the Thai side was chaired by Mr Kan Chhay Thep Vorak Chhay and […]
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