Logo of Phnom Penh Post newspaper Phnom Penh Post - Yunnan’s yuan China firms eye Kingdom

Yunnan’s yuan China firms eye Kingdom

Yunnan’s yuan China firms eye Kingdom

FOUR firms from China’s Yunnan province have expressed interest in investing in the Kingdom’s oil, mining, rice and hydroelectricity sectors, according to Commerce Ministry officials.

The firms met with Commerce Minister Cham Prasidh on Tuesday, aiming to replicate their business models in Cambodia, said Statistics Department Director Kong Putheara. “They want to know clearly the investment situation in the country,” he said yesterday.

The delegation comprised officials from Yunnan Hydro Lancang International Energy, Yunnan Coal Company, Guoxin Tendering Group, and a fourth firm.

Cham Prasidh encouraged the firms to invest, and highlighted the Kingdom’s open foreign ownership rules. He also suggested Yunnan Hydro focus on smallehydropower projects, as larger projects can cause negative issues, according to Kong Putheara.

MOST VIEWED

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said

  • CPP: ‘Behave or Sokha suffers’

    The ruling Cambodian People’s Party (CPP) spokesman warned Kem Monovithya on Thursday that her attempt to damage “national reputation and prestige” would lead to her father, Kem Sokha, receiving even harsher punishment. Sok Eysan issued the warning as Monovithya, who is the court dissolved

  • Preah Sihanouk beach developments halted

    After receiving an order from Hun Sen, Minister of Land Management Chea Sophara led a team of experts and relevant officials to Sihanoukville to call a halt to the illegal development of a beach. The prime minister ordered the Prek Treng beach in Otres commune