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ខ្មែរ Business and Market
Singapore Mulls Investing More in Three Major Sectors in Cambodia
- 17 February 2022
Singapore’s Minister for Foreign Affairs Vivian Balakrishnan has said Singapore intends to invest more in three major high-potential sectors in Cambodia including trade, cold chain, and logistics. HE Vivian Balakrishnan cited the investment plan during the official meeting with Cambodia Prime Minister Samdech Hun Sen Wednesday 6 February, while praising Cambodia for being a country with the hig...
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JS Land Plc Officially Becomes First Real Estate Company Listed on Cambodian Stock Exchange
- 10 February 2022
JS Land PLC, Cambodia’s first real estate development firm registered on the Cambodia Securities Exchange (CSX), officially announced the sale of shares on the local stock exchange from today onwards. JS Land PLC plans to raise approximately 46 billion riels or about US$12 million, with the price starting from 1,900 riels per share. Speaking at the ceremony on Thursday 10 February, CSX Direc...
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NagaCorp Posts GGR of US$224 million in 2021, 74% Drop Y-o-Y
- 10 February 2022
NagaCorp, the company behind Phnom Penh’s largest casino NagaWorld, has posted Gross Gaming Revenue (GGR) of US$223.5 million in 2021, a 74% decrease compared to the amount earned in 2020. Despite a longer business closure period in 2021 (about 6.5 months) as compared to 2020 (about 3.5 months), the company witnessed a quicker recovery of business volume post the second re-opening. In 2021, ...
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US$600bn Smart City Project Neither Approved nor Confirmed by Koh Kong Authority
- 8 February 2022
Bilderberg Investment Group has recently announced plans to invest US$600 billion in establishing a smart city on 120,000 hectares of land in Koh Kong province, but the provincial authority has yet to confirm or receive information regarding this project. The company announced the project to the local press last week, naming it AHNAKOT, a large-scale mixed-use development project. However, i...
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Gov’t Approves Four Investment Projects Worth US$18.6 million in PP, K. Chhnang, & K. Speu
- 5 February 2022
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest US$18.6 million to establish four factories in Phnom Penh, Kampong Chhnang and Kampong Speu. According to the CDC’s announcement on 4 February 2022, the four companies are: 1- GLOBAL XILIN GARMENT ACCESSORY CO., LTD is investing US$3.4 million to establish a cotton factory at Canadia Industrial Par...
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Cambodia’s first homegrown firm to get foothold in global real estate market
- 4 February 2022
ZPLAT INTERNATIONAL has announced an ambitious plan for its business expansion, bringing the first Cambodian company to tap into the global real estate market. A soon-to-be-launched ZPLAT INTERNATIONAL is part of Zillennium Co., Ltd. (Z1 Group), a local conglomerate company serving beyond the real estate marketplace in the Kingdom. ZPLAT INTERNATIONAL is aiming to be a new innovative solutio...
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Battambang Governor Urges Japan to Establish SEZs & Smart Cities in Battambang
- 3 February 2022
Japanese investors will visit Battambang province in April to study the feasibility of establishing agricultural product processing factories, special economic zones (SEZs), and a smart city in the province. The visiting plan was proposed during the meeting between Battambang Governor HE Sok Lou and the Director of the Japan-Cambodia Association Tamura Tsutomu on 2 February. HE Sok Lou told ...
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Chinese Firm Mull Setting Up Electric Car Assembly Plant in Koh Kong
- 25 January 2022
China Matrix Technology Group-Horche Intelligent Automobile plans to invest in setting up a factory to assemble electric vehicles in Koh Kong province, according to an online meeting between relevant parties on 22 October. The objective of the Chinese firm in this meeting was to study the feasibility, and understand the land and legal environment, human resources, and other related administrati...
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Cambodia to Build 10,000 4.0 Greenhouses Nationwide by 2032
- 24 January 2022
The Ministry of Agriculture, Forestry and Fisheries (MAFF), in collaboration with three private firms, is planning to build over 10,000 4.0 Greenhouses nationwide in the next 10 years to upgrade and enhance the kingdom’s agricultural sector. The Ministry signed an MoU on the project on 21 January between the three companies including Agri-Sambathkhmer Co., Ltd, PLMP Venture Capital Co., Ltd, an...
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A Difficult Year for Real Estate Developments
- 22 January 2022
By Eric Wong Chon Lap As another difficult year for the real estate market come to an end, the market has seen a series of interesting and unprecedented events in various sectors in the Year 2021. New condominium launches in Phnom Penh has slowed down, while low-rise affordable housing demand surges. The retail market is slowly picking up with more international brands entering the market, w...
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