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Businesspeople and economists have anticipated that the recently opened Cambodia Private Commercial Centre (CPCC) in the Japanese city of Atsugi will be a fantastic platform for promoting investment opportunities in the Kingdom, encouraging inbound investment from Japan, and attracting the foreign investors. Tuy Ry, the ambassador of Cambodia to Japan, Masahiro Mikami, the secretary-general of the…
The Debt to GDP ratio is important because it reflects a country’s ability to repay its debt. It is the debt-to-GDP ratio of a country. The lower the ratio, the stronger the economy of the country is. Experts say Cambodia’s public debt is still low as a percentage of GDP, at roughly 25%, compared to…
According to transport experts and economists, the Government’s upcoming $50 billion, 10-year infrastructure master plan will give huge investment opportunities for domestic and foreign firms. H.E Sun Chanthol, the Minister of Public Works and Transport, revealed the plan to Masahiro Mikami, the Japanese ambassador to Cambodia, on June 15. Chanthol said at the meeting that…
According to an official statement Cambodia collected $1,726 million in tax revenue from January to May this year, a 27.95 percent growth over the same time last year. Director-general of the General Department of Taxation Kong Vibol said in a statement that the increase in tax revenue collection was due to ongoing reforms in the…
The quiet town of Kampot is ready to open up to the international market, with a new $1.5 billion port under construction. The construction of the Kampot Logistics and Multipurpose Port, which will occupy more than 600 hectares of land, has just begun. The Kampot Logistics and Port Firm Limited, a Cambodian company established in…
The Cambodian Development Council (CDC) has accepted final registration certificates for four investment projects totaling approximately $24 million, which would create 2,376 new employment. According to a CDC press statement, three projects in the Sihanoukville Special Economic Zone (SSEZ) were identified, including Mei An Leatherware (Cambodia) Co Ltd’s $10.5 million bag factory, which is expected…
According to a five-year master plan released by the government, Cambodia has spent an estimated $3 billion over the last ten years developing roads covering more than 3,000 kilometres across the country, in addition to expressway and railway projects that are now under construction. According to Vasim Sorya, spokesman for the Ministry of Public Works…
This year, the World Bridge Group’s Chairman, Neak Oknha Sear Rithy, organised Cambodia Night to showcase Cambodian products, particularly Khmer cuisine, to international dignitaries attending the World Economic Forum Summit in Davos, Switzerland. Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of Kingdom of Cambodia, presided over the auspicious event, also attended by…
According to the Chinese embassy in Phnom Penh, “Jiangsu General Science Technology Co Ltd” has spent over $300 million on the SSEZ’s largest tyre factory. The project will be the largest within the special economic zone (SEZ), with a capital expenditure of almost $300 million, and it is estimated to produce 1,600 local jobs once…
On October 15, 2021, Cambodia promulgated the Law on Investment (LoI) to create an open, transparent, and predictable legal framework to attract and encourage quality, effective, and efficient investments in Cambodia by Cambodians and foreigners. The Law on Investment (LoI) applies to “Qualified Investment Projects” (QIPs), “Expanded Qualified Investment Projects” (EQIPs), and “Guaranteed Investment Projects” (GIPs) registered with the…
