Business and Market
Japan Urges Cambodia to Further Ease Japanese Investment in Cambodia
Japanese Prime Minister Kishida Fumio has asked his Cambodia’s counterpart Samdech Hun Sen to continue supporting and easing Japanese investment in Cambodia, as to date, Japanese private investment value in the kingdom has reached nearly US$3 billion. HE Kishida Fumio said during a meeting with Samdech Hun Sen on 28 September in Tokyo that besides this current large-scale investment value, anot...
Read MoreInvestor Sentiment Leaning Towards Asia Pacific in 2022, Say Experts
Investors around the world are becoming more cautious in investing in real estate as well as other sectors, as uncertainty in the macroeconomic environment is ongoing, say, experts, emphasizing that the Asia Pacific market has gained more popularity lately compared to other regions. Despite the more cautious approach, the market in the Asia Pacific will continue to attract attention from local ...
Read MoreConstruction Begins on Vietnam’s US$520-million Industrial Park
Construction has begun on a 10-sq-km industrial park in Vietnam’s southern province of Binh Thuan with a ground-breaking ceremony attended by Prime Minister Pham Minh Chinh. The construction will cost US$520 million and the park will serve sectors ranging from building materials to food processing when complete in 2025, according to GCR. The park will also feature two 450MW gas-fired power p...
Read MoreOCIC & Malaysian Association Expand Cooperation in Boosting Construction & Real Estate Sector
Overseas Cambodian Investment Corporation (OCIC) and Malaysia Retail Chain Association (MRCA) have signed more MoUs to boost their respective lines of business in Cambodia. According to the OCIC announcement on 5 September, the cooperation will help expand both parties' businesses including shopping centers, aviation, satellite city development, real estate development, construction and constru...
Read MoreFuture of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate in...
Read MoreChinese to Establish Large-Scale Edible-Nest Swiftlet Processing Plant
The Cambodia (Xiamen) Commercial Center, a representative of the Cambodian Business Center in Xiamen city in China, is cooperating with Southeast Yandu (Xiamen) Industrial Development Co., Ltd. to build a large-scale edible-nest swiftlet processing plant in Cambodia for export to China. The two firms signed a Memorandum of Understanding (MOU) on the agreement to export bird nests to China on 08...
Read MoreNaga Corp Earns Net Profit of US$52 million in H1 2022
Hong Kong-listed NagaCorp Ltd, the operator of the casino resort monopoly in Phnom Penh, earned a total profit of US$52 million in the first half of 2022. The figures were mentioned in a filing dated 18 July to the Hong Kong Stock Exchange. The profit of US$52 million is a major increase compared to a US$77-million loss for the first half of 2021 when the resort was closed most of the time d...
Read MoreAsia’s Richest Woman Loses Half Her Wealth in China Property Crisis
Asia's wealthiest woman lost more than half her fortune over the past year as China's real estate sector was rocked by a cash crunch, a billionaire index showed on Thursday 28 July. Yang Huiyan is a Chinese-born billionaire businesswoman and property developer. She is the majority shareholder of Country Garden Holdings, a stake largely transferred to her by her father Yang Guoqiang in 2007. She...
Read MoreFifth Largest Bottle Manufacturer in the World Invests to Expand Market in Cambodia
Swire is a leading brand of beverage bottles in the United States and the fifth largest producer of Coca-Cola bottles in the world. Swire in Hong Kong recently announced a US$1.01 billion investment to expand the Coca-Cola market in Cambodia and Vietnam, according to Nikkei Asia on 18 July 2022. "This expansion of territories is part of a broader strategy to expand the global scale, volume, ...
Read MoreMPWT Requires Road Infrastructure Construction Company Owners to Have a Licence
The Ministry of Public Works and Transport (MPWT) announced on 18 July 2022 that public entities and private companies wanting to renew their licences for any road infrastructure business or change the type of license must apply to the Ministry of Public Works and Transport at least three months before the license expiration. When applying to renew the license, applicants must bring their valid...
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