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The Royal Government of Cambodia has allocated nearly $3.85 billion to spur economic growth in the country’s northeastern regions, aiming to facilitate economic integration with the adjacent development triangle formed by Cambodia, Laos, and Vietnam. This financial commitment supports the construction of essential infrastructure, industrial zones, and commercial hubs. During a recent press briefing, Penn…
Prime Minister Hun Manet recently engaged with several prominent Australian business leaders, demonstrating a keen interest in forging trade partnerships and exploring investment avenues in Cambodia. This interaction occurred during his visit to Australia, coinciding with the ASEAN-Australia Special Summit in Melbourne. Among the dignitaries, Daniel Phillips, President of Aegros and Freshstart Logistics, part of…
The Securities Investors Association of Cambodia (SIAC) has been officially inaugurated with the aim of attracting more investors and advancing human resource capabilities within the Cambodian securities sector, which is witnessing a steady growth in the number of entities opting to list. During the launch event, SIAC President Yoeung Virboth shared that the newly formed…
The Council for the Development of Cambodia (CDC) is set to sanction two significant investment initiatives in Sihanoukville province, with a combined value nearing $600 million. This development follows a recent meeting between the CDC and the Preah Sihanouk Provincial Administration, where the evaluation of these two private investment proposals took place. The first initiative,…
In a significant move towards modernizing its investment registration process, the Council for the Development of Cambodia (CDC) is set to introduce an online system for registering qualified investment projects (QIP). This initiative aims to simplify the registration process, making it more accessible and efficient for investors. The CDC’s decision to launch QIP Online aligns…
In October 2022, Jakarta hosted a pivotal seminar titled ‘Cambodia: An Overlooked Destination for Business and Investment,’ a collaborative effort between Aquarii BD Cambodia and the Indonesia Chamber of Commerce in Cambodia (IndoCham). The event aimed to strengthen business ties, debunk myths, and refresh outdated views about Cambodia’s business environment. Drawing over 120 Indonesian entities…
In a recent statement, Cambodia’s Prime Minister, Dr. Hun Manet, emphasized the country’s openness to investments from all around the globe, refuting claims of exclusivity towards Chinese investments. This declaration was made during a gathering with the Cambodian diaspora in Australia and New Zealand on March 3, 2024, where Dr. Hun Manet and the First…
Dr. Chea Serey, the head of the National Bank of Cambodia (NBC), recently held a meeting with the US-ASEAN Business Council (US-ABC), focusing on collaborative business initiatives and the investment landscape for prominent American corporations. The assembly saw participation from high-level executives of major companies, including VISA, Mastercard, and Ford. The dialogue centered around the…
On February 28, 2024, Cambodian Prime Minister Hun Manet engaged in discussions with representatives from 17 US-based companies, showing a collective interest in augmenting investments within Cambodia. The dialogue was facilitated by a courtesy visit from Brian D. McFeeters, the Senior Vice President and Regional Managing Director of the US-ASEAN Business Council. During the meeting,…
The Royal Railway of Cambodia (RRC) is gearing up for a significant investment to revitalize the northern railroad line, which is presently inactive. This initiative was unveiled during a presentation by the RRC’s CEO, John Guir, to key officials from the Ministry of Public Works and Transport on Tuesday. Operating under the umbrella of the…
Cambodia has made a strong case for integrating the Investment Facilitation for Development (IFD) agreement into the World Trade Organization (WTO) framework during the 13th Ministerial Conference (MC13) held in Abu Dhabi. Cham Nimul, the Minister of Commerce, led a delegation from Cambodia to the conference, emphasizing the potential benefits of such an integration for…
The Council for the Development of Cambodia (CDC) is streamlining the process for foreign companies to apply for the Qualified Investment Projects (QIP) status in Cambodia by refining the online registration system. This initiative is aimed at facilitating a smoother application process for international investors interested in the Cambodian market. During a recent discussion with…
In an upcoming business forum to be held in Kuala Lumpur, Malaysia, on Tuesday, Cambodia is poised to strengthen its commercial relationships with Malaysia, focusing on trade, investment, and economic cooperation. The forum, a collaborative effort between the Cambodia Chamber of Commerce, the Malaysia Business Chamber in Cambodia, and the National Chamber of Commerce and…
