World Bank says Cambodia's business environment improves

30 October 2015

The World Bank said Cambodia has continued to improve its business environment over the past year. Among 189 economies, it is now ranked at 127, compared with 133 in 2014. Cambodia has made solid progress in promoting a better business environment. These improvements will help Cambodia to achieve its goal of enhancing business investment and job creation.

Source:

http://www.shanghaidaily.com/article/article_xinhua.aspx?id=307132

Mesco set to draw first gold from Ratanakkiri mine

30 October 2015

Mesco Gold has established the required surface-level infrastructure and is awaiting government approval to begin the extraction of gold at its Phum Syarung mine in Ratanakkiri province. It could begin drawing gold in early 2016. Angkor Gold estimates that an underground mine built at Phum Syarung could produce 10,000 ounces of gold a year over a 10-year mine life.

Source:

http://www.phnompenhpost.com/business/mesco-set-draw-first-gold-ratanakkiri-mine

Japan’s Investment Capital in Cambodia Reaches US$679 Million

28 October 2015

Up to August 2015, some 106 Japanese companies have invested in Cambodia with a total investment capital of approximately US$679 million. Some 67 have invested in special economic zones with US$279 million investment capital. During the first half of this year, the total investment capital in Cambodia has reached US$3,300 million, of which some US$2,924 million are from local investment.

Source:

http://www.akp.gov.kh/?p=69455

New fertiliser factory to target local market

28 October 2015

Taiwan Fertiliser Company, a Taiwanese manufacturer and seller of fertilisers and chemical products, intends to build a fertiliser factory in Preah Sihanouk province to supply the local market. Some 20 private firms compete in Cambodia’s fertiliser market, which is dominated by Thai and Vietnamese imports. Local investors and the government said should also take up this opportunity to invest in the sector.

Source:

http://www.phnompenhpost.com/business/new-fertiliser-factory-target-local-market

Cambodia’s Rice Export Keeps Increasing in First Nine Months

27 October 2015

Even though the export of Cambodian rice export during the first nine months of this year saw a significant increase if compared with the same period of the previous year. Cambodia has exported over 360,000 tons of milled rice, up 37%, of which 64% to the Europe markets. Beside Europe, Cambodia has exported her fragrant rice to more than 40 other countries.

Source:

http://www.akp.gov.kh/?p=69718

Cambodia’s Construction Sector Increases by 13.75% in First Nine Months of 2015

27 October 2015

For the first nine months of this year, Cambodia attracted 1,532 construction projects worth in total US$1,752 million, up 13.75% from some US$1,540 million during the same period of 2014. In 2014, Cambodia’s construction sector earned some US$2,500 million, showing an increase compared with 2013.

Source:

http://www.akp.gov.kh/?p=70664

Olympia Plaza to rise on $60M investment

27 October 2015

Local conglomerate Overseas Cambodia Investment Corporation (OCIC) will invest $60 million in the construction of Olympia Plaza, a seven-storey shopping mall being built inside the company’s mixed-use Olympia City project in central Phnom Penh. Base rents for prime real estate in Phnom Penh range from $10 to $22 per square metre per month. Rents for smaller spaces can run up to 10 times higher.

Source:

http://www.phnompenhpost.com/business/olympia-plaza-rise-60m-investment

Port IPO road show kicks off

20 October 2015

On course to become the third listed company on Cambodia’s stock exchange, Phnom Penh Autonomous Port (PPAP) kicked off a road show for its initial public offering (IPO) yesterday to prospective investors. One reason for this interest is a more rational valuation backed by solid fundamentals. Both PPWSA and Grand Twins currently trade at well below their offer prices – a sign that their IPOs may have been overvalued.

Source:

http://www.phnompenhpost.com/business/port-ipo-road-show-kicks

New deal resumes rice exports to China

20 October 2015

Cambodia inked a new deal last week to export 100,000 tons of rice to China. The new rice quota, which will begin in early 2016. The deal comes six months after the Ministry of Commerce expressed interest in April to double its rice shipments to China from 100,000 tons to 200,000 tons.

Source:

http://www.phnompenhpost.com/business/new-deal-resumes-rice-exports-china