Logo of Phnom Penh Post newspaper Phnom Penh Post - CDC approves three projects worth $15M

CDC approves three projects worth $15M

Content image - Phnom Penh Post
The Council for the Development of Cambodia (CDC). Facebook

CDC approves three projects worth $15M

The Council for the Development of Cambodia (CDC) on December 29 approved three new investment projects worth more than $15 million.

Among the projects approved was HR Enterprise Co Ltd’s $3.1 million cardboard case factory, located in Bek Chan commune’s Andong village in Kandal province’s westernmost Ang Snuol district, which will create 205 jobs, the CDC said.

Cambodian New Juihuan Trading Co Ltd’s $5.2 million metal processing and pneumatic tubing factory in Preah Sihanouk province’s Sihanoukville Special Economic Zone also got the nod, and is expected to generate 120 jobs.

With the CDC’s green light, Pinnacle Home Collection Co Ltd’s $6.9 million light bulb, lamp parts and packaging materials plant in Svay Rieng province’s Hi-Park Special Economic Zone will provide 210 jobs.

Cambodia Chamber of Commerce vice-president Lim Heng told The Post on December 30 that the Kingdom remains attractive amid the lingering pandemic due to the overall peace and political stability safeguarded by the government in a bid to safeguard investors and the private sectors.

He said: “The CDC is preparing a new investment law that will increase the allure for investors in response to the current state of affairs. We, the private sector working team have also strived to strengthen internal work to engage with the government.

“Moreover, the government has developed a policy to expand externally and strengthen internal [controls], which aims to reach a higher level of competitive excellence and further expand markets. These are important factors in attracting investment.”

Heng stressed the key role of technological modernisation in wooing more investors to the Kingdom. “The government is doing its utmost to overhaul and modernise its electronic registration systems and online tax payments as well.”


  • Two luxury hotels latest quarantine options for inbound travellers

    The Inter-Ministerial Committee to Combat Covid-19 has designated two luxury hotels as alternative quarantine options for travellers who wish to enter Cambodia through Phnom Penh International Airport – Sokha Phnom Penh Hotel & Residence and the Courtyard by Marriott Phnom Penh. In a notice detailing guidelines issued

  • Time to avert disastrous Covid situation: officials

    The Covid-19 situation in Cambodia is heading towards further large-scale community transmission as the total number of confirmed cases is nearing 61,000 and the death toll passed 900 on July 10, senior health officials warned. Ministry of Health spokeswoman Or Vandine expressed concern that the country was going

  • Visa A holders get to quarantine at Himawari Hotel

    The Ministry of Health has permitted foreign diplomats, UN and International NGO officials to undergo quarantine at Himawari Hotel in the capital in case they do not have a separate place suitable for this purpose, but the government would not be responsible for the expenses.

  • Baby saved as mother is lost to Covid

    Newborn baby Neth David has had a rough start in the world. His mother, Vong Daneth, was seven months pregnant when she contracted a severe case of Covid-19. When it became clear to her doctors that she would not survive, they performed a cesarean section

  • Jabs for kids bring hope for school reopenings

    Cambodia is tentatively planning to reopen schools – at least at the secondary level – when the vaccination of children aged 12-17 is completed, even though daily transmissions and deaths in other age groups remain high. Schools across the country have been suspended since March 20, one month

  • Hun Sen: Get 12-17 age group ready for Covid jabs

    Prime Minister Hun Sen has told parents of children aged 12-17 in Phnom Penh and the provinces of Kandal and Preah Sihanouk to get them ready for vaccinations soon. “There is a need to vaccinate children and youths aged 12 to 17. According to the statistics provided