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AREAA Global, a prominent US-based organization, has expressed strong interest in the burgeoning development and investment landscape in Cambodia, pledging to highlight these opportunities to its extensive global network of nearly 20,000 members. This commitment was voiced by AREAA Global’s chairman Allen Chiang and CEO Carmen Chong during their attendance at the “UpClose Cambodia” event…
In anticipation of Prime Minister Hun Manet’s forthcoming trip to Australia, Cambodia is actively engaging its private sector, along with various ministries and institutions, to forge stronger investment ties and increase exports of semi-finished and processed products to the Australian market. An orientation for the Cambodia Business Delegates was organized by the Innovation and Development…
The Cambodian Stock Exchange (CSX) has experienced a landmark year in 2023, with significant strides marking a new era in Cambodia’s financial landscape. As we reflect on the year’s achievements, it’s evident that the CSX has not only broadened its horizons but also deepened the country’s financial markets’ sophistication and accessibility. The year 2023 saw…
In a recent development, Cambodia has extended an invitation to India to contemplate the establishment of a specialized technology SEZ within its borders. During a significant encounter, Sun Chanthol, Cambodia’s Deputy Prime Minister and First-Vice Chairman of the Council for the Development of Cambodia (CDC), engaged in discussions with Devyani Uttam Khobragde, the Indian Ambassador…
Following the recent official visit of Prime Minister Hun Manet to Thailand, a significant surge of interest from the Thai business community has been noted, with plans to explore investment opportunities in Cambodia amounting to $1 billion across three major projects in early March. The surge in interest was sparked during an economic forum held…
Australian Ambassador Justin Whyatt recently lauded Cambodia for its proactive approach in drawing international investment, expressing particular enthusiasm for the ‘Funan Techo Canal’ project, which he anticipates will stand as a landmark development for Cambodia. During a visit to Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of…
The Cambodian government is laying the groundwork for the establishment of specialized economic zones focused on Japan, aiming to bolster direct investments from the Asian powerhouse. In a strategic move to fortify economic ties, an inter-ministerial meeting was convened on Monday, spearheaded by Deputy Prime Minister Sun Chanthol, to deliberate on the conceptual framework for…
The Securities and Exchange Regulator of Cambodia (SERC) has recently introduced the ‘Guideline on Reporting Forms for Fund Management Companies (FMCs),’ aiming to invigorate the Collective Investment Scheme (CIS) sector by standardizing reporting procedures. This move is anticipated to bolster FMC activities within Cambodia’s financial landscape, ensuring a systematic approach to fulfilling reporting obligations. The…
The Council for the Development of Cambodia (CDC) has given the green light to a British proposal for the creation of a ‘Green Special Economic Zone’ (SEZ) in Cambodia. This approval was granted during a meeting on Monday between Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the CDC, and a UK delegation led…
The Korea Trade-Investment Promotion Agency (KOTRA) is gearing up to host a significant forum aimed at bolstering investment ties between South Korea and Cambodia. This initiative is strategically designed to enlighten Korean entrepreneurs and investors about the burgeoning opportunities and favorable business environment within the Cambodian market, coinciding with the activation of a bilateral free…
Cambodia is on the brink of a transformative era, with its total population forecasted to rise by an impressive 0.8 million people, marking a 4.95 percent increase by the year 2028. This period of continuous growth, reaching a new peak of 16.98 million, is more than just a statistic; it’s a clarion call for investors…
A team from the Japanese Chamber of Commerce and Industry recently expressed their interest in bolstering investments in Cambodia, particularly focusing on the Original Equipment Manufacturers (OEMs) within the textile industry. Yoshihisa Suzuki, leading the Japan-Mekong Business Cooperation Committee, presented this investment proposition during a discussion with Cambodian Prime Minister Hun Manet at Phnom Penh’s…
In January 2024, Cambodia saw a significant influx of fixed-asset investments, totaling over $187 million, as reported by the Council for the Development of Cambodia (CDC). This financial boost was encapsulated in the approval of 32 new investment projects, poised to create approximately 29,000 job opportunities across the nation. The investment landscape for the month…
