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

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • EBA withdrawal provides ‘opportunity for growth’

    Economic analyst Khoun Bunny said on Tuesday that the loss of the EU’s preferential Everything But Arms (EBA) agreement could be a golden opportunity for Cambodia to show it deserved to be ranked sixth on the list of the world’s fastest-growing economies. Government

  • Malaysia MP accused of ‘influencing law’

    Malaysian Member of Parliament (MP) Larry Sng arrived in Siem Reap early on Wednesday, in what was slammed by one NGO as efforts by Kuala Lumpur to “influence Cambodian law”. The Malaysian Embassy in Phnom Penh requested on January 30 “cooperation from the Ministry of Foreign

  • Ministries begin measures to offset EU’s EBA decision

    In the wake of the EU’s controversial announcement this week that it has begun the withdrawal process for Cambodia’s Everything But Arms (EBA) preferential agreement, government ministries and political analysts continued to share their reactions and economic mitigation plans in preparation for the