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ខ្មែរ Business and Market
OCIC Partners with Spectrum KH to Present Alta Moda – A Night of High Fashion Meeting Luxury Properties
- 21 June 2022
The Overseas Cambodian Investment Corporation (OCIC) has partnered with Spectrum KH to bring together the country’s prominent fashion mavericks, Armada by Abello, The Privé, & Natacha Van to present Alta Moda-- a night of glamour, fashion, and a showcase of the architectural developments for Cambodia by OCIC complementing the craftsmanship and artistry of three of the most prominent local fash...
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Cambodian Private Commercial Center in Atsugi of Japan officially inaugurated
- 21 June 2022
The Cambodian Private Commercial Center, which serves business affairs between Cambodia and Japan located in Atsugi, Kanagawa Prefecture of Japan, has been officially inaugurated on 18 June 2022. Ambassador Extraordinary and Plenipotentiary of the Kingdom of Cambodia to Japan, HE Tuy Ry said the establishment of this Cambodian Private Commercial Center is a new achievement through the cooperati...
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US$18m Siem Reap Zoo Opening in October
- 20 June 2022
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 Cambodia, especially endangered and rare species that can request imports if necessary to attract ...
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Star Vegas Resumes Operation in Poipet City
- 20 June 2022
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 delighted to put a prolonged per...
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Nestlé Switzerland Wants to Invest in Cambodia
- 20 June 2022
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, located in Vevey, Switzerland to discu...
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Four New Auto Brands to Set Up Assembly Plants in Cambodia
- 18 June 2022
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 Council for the Development of Cambodia (CDC) on 17 June 2022. The four auto brands...
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Construction & Real Estate Sectors Expected to Continue Growth in 2023
- 18 June 2022
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 that the construction sector is predicted to continue to recover by ...
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Construction Businesses Registering on Single Portal Worth US$1 billion in Investment Value
- 16 June 2022
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 the investment value of total register...
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Motor Cambodia Assembly Plant Worth Over US$20 million Officially Inaugurated
- 16 June 2022
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 the people of Krakor district because the US giant car manufactu...
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US McDonald’s Brand Renamed in Russia Due to Economic Sanctions
- 14 June 2022
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 present in Russia since the 1990s, was renamed Vkusno...
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