Phnom Penh Post - Business
Phnom Penh, 23 June, 2022 -Metfone, a leading mobile operator in Cambodia, has extended its sponsorship deal with Cambodian Premier League (CPL) for another three years to 2024, which will see the company splash out 500,000 USD each year.
The recently-launched Cambodia Private Commercial Centre (CPCC) in Atsugi city of Japan’s Kanagawa prefecture will be a great platform to promote investment opportunities in the Kingdom, spur inbound investment from Japan, and draw in foreign investors, businesspeople and economists have said.
The retail price of diesel increased by about 3.28 per cent on June 21, while regular-grade petrol was held constant, according to a notice issued by the Ministry of Commerce.
AEON Mall (Cambodia) Co Ltd and a locally-owned Micromax Co Ltd have entered into a partnership agreement to develop fibre optic infrastructure for $200 million Aeon Mall 3, which is expected to be opened in 2023.
Recent restrictions imposed by Turkey on the import of live animals and animal products will have little effect on Cambodian exports, senior officials have said.
The government has allocated 11.76sq km of a former battle zone in eastern Tbong Khmum province near the Vietnamese border for a special economic zone (SEZ), in a bid to stimulate development in the area and trade with Vietnam, according to Prime Minister Hun Sen.
A trial export of 20 tonnes of “pra” fish to China originally scheduled for this month has been postponed until “between end-July and early August”, with the only authorised exporter reporting a lack of the necessary facilities and moving equipment,
ASX-LISTED casino operator Donaco International Ltd has fully reopened its Star Vegas establishment in Banteay Meanchey province’s Poipet town near the Thai border, following the lifting of border restrictions between Cambodia and Thailand.
Electronic payment transactions worth 415.5 trillion riel ($102 billion) were made nationwide last year, marking a 34.5 per cent rise over 2020, as the number of e-wallet accounts reached 13.6 million, amounting to more than 80 per cent of the total population, according to the central bank.
Leading confectionery manufacturer Nestle plans to invest in Cambodia by setting up an operation in the near future, a move majorly hailed by local dairy farmers as a means of boosting the fresh milk market in the Kingdom.
There is no denying the strength of real estate investment in Cambodia, particularly over the past decade.
