PPSEZ shores up land deal prior to CSX listing

June 17th, 2015 , The Phnom Penh Post

Phnom Penh Special Economic Zone, the Kingdom’s most-developed SEZ, says the land deal for its planned SEZ in Poipet will be concluded before PPSEZ lists on Cambodia’s stock exchange.

Hiroshi Uematsu, CEO of PPSEZ, said that 53 hectares of land near the Thai border had already been acquired by the firm and were in the process of transferring ownership to a new company, which will be a full subsidiary of PPSEZ. …

Charles Rollet

FDI survey may lead to new property regulations

June 11th, 2015 , The Phnom Penh Post

Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and standardized practices that could benefit the industry and attract more investment, experts said.

Therefore, last week, the National Bank of Cambodia (NBC) announced that it would launch a detailed survey—set to be completed by the end of September—of foreign investors operating in the Kingdom to understand the benefits investment brings to the local economy and promote informed policy making decisions. Many see this measure as potentially paving the way to encourage more investment. …

Kali Kotoski and Sum Manet

Central bank seeks to promote Riel use

June 9th, 2015 , Khmer Times

Cambodia’s central bank is seeking to promote the use of the riel and wean the Kingdom’s economy off its dependence on the US dollar, a senior banking official said on Tuesday.

Speaking at a luncheon organized by the British Chamber of Commerce in Cambodia (BritCham), Chea Serey, director-general of the National Bank of Cambodia, said Cambodia’s high rate of dollarization presents both advantages and disadvantages. …

Cam McGrath

New survey to take a deeper look at FDI in the Kingdom

June 4th, 2015 , The Phnom Penh Post

Aiming to provide quality information on the flow of investment into the Kingdom, the National Bank of Cambodia has announced it will launch a detailed survey of foreign investors.

Speaking at a signing ceremony in Phnom Penh yesterday, Chea Serey, director general at the NBC, said the lack of detailed data relating to foreign direct investment (FDI) was a barrier for the decision making of both future businesses eyeing Cambodia and the Kingdom’s policy makers. …

May Kunmakara

ASEAN countries extend foreigners’ leasehold periods

June 3rd, 2015 , Gulf Times

Countries of the Association of Southeast Asian Nations (ASEAN) are taking steps to extend leasehold periods granted for foreign individual or companies for land in a bid to boost investment. The Thai government recently approved 99-year leases for state land for industrial and commercial use to speed up the development of six special economic zones in the country, up from formerly 50 years. …

Gulf Times News Staff

Exim Bank vows strong support for border trade

May 28th, 2015 , The Nation

The bank says it is ready to support Thai business expansion along the border areas. …

Major Thai exports to Myanmar are refined oil and beverages, while those to Laos include refined oil along with automobiles and parts. Non-alcoholic beverages and vehicles, parts and engines are doing well in Cambodia. …

Erich Parpart

Taiwan wants to open trade office

May 27th, 2015 , The Phnom Penh Post

A Taiwanese trade representative has reiterated the need to set up a trade office in Cambodia, but the government said yesterday that its stance on the one-China policy remains intact and a Taiwanese-representative office is not allowed in the Kingdom.

John Tang, director of the Taiwan Trade Center in Vietnam, said a trade office would increase investor confidence in Taiwan, thereby encouraging them to invest in Cambodia, which is not related to the Taiwanese government’s ongoing dispute with China. …

Ananth Baliga

South Korea to build grain terminal in Cambodia

May 11th, 2015 , IHS Maritime 360

South Korea’s Ministry Of Oceans and Fisheries (MOF) will co-operate with local companies to develop a grain terminal in Cambodia. …

MOF said, “Cambodia’s grain export is sharply increasing thanks to the government’s agricultural policy, but an effective logistics system to support the exports has not been prepared.” …

Moyoun Jin

Thailand turns trade, investment focus to Cambodia, Laos, Myanmar and Vietnam

May 9th, 2015 , The Cambodia Herald

Foreseeing tougher export conditions in the world market, the Board of Trade of Thailand and the Commerce Ministry are concentrating their efforts on deepening penetration of the Asean market, with a focus on Cambodia, Laos, Myanmar and Vietnam (CLMV) as emerging economies with high demand for imports and additional investment.  …

The Cambodia Herald​ News Staff