Texas-based company seeks investment opportunities in Cambodia

Jul 20th at 14:53
20-07-2024 14:53:27+07:00

Texas-based company seeks investment opportunities in Cambodia

Yun Heng, Deputy Secretary General of the Council for the Development of Cambodia (CDC), and his associates received a courtesy call on Friday from a delegation led by Tuan Ba, Vice President of TIRECYCLE POWER HOLDINGS, Texas, USA.

 

This is the company’s first visit to Cambodia. Heng welcomed the delegation for taking the time to pay a visit to Cambodia and expressing interest in investment opportunities.

Heng highlighted to the delegation the Cambodian Government’s most favourable incentive regime provided for investment activities and key potential sectors as defined in the Investment Law of the Kingdom of Cambodia.

The delegation informed Heng that the main purpose of their first visit to Cambodia was to seek investment opportunities, which would contribute significantly to economic growth, with investment in energy having significant potential.

Ba made it clear that they are looking for long term investment opportunities in Cambodia.

Heng expressed his deep gratitude to the delegation for choosing Cambodia as a destination to seek investment opportunities, and he welcomed future cooperation. He also wished the delegation success during their visit to Cambodia.

khmertimeskh



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Cambodia-Thailand agree on five key factors to boost tourism

Five key collaborations have been discussed and agreed at the 3rd Ministerial Meeting on Tourism Cooperation between Cambodia and Thailand, in Bangkok, Thailand...

China investment in Cambodia reaches $1.3bn

China has invested $1.3 billion in Cambodia in the first half of this year, accounting for 42% of the total investment capital in the country.

Cambodia’s bicycle exports decline 38%

Cambodia’s bicycle exports plummeted 38 percent year-on-year in the first half of 2024 with the export value going down to $205 million, according to a report...

Govt establishes new special tax audit department

The Royal Government of Cambodia (RGC) Tuesday formed a new ‘Special Tax Audit Unit’ (STAU) under the management of the General Department of Taxation (GDT) of the...

Prices plateau in Phnom Penh’s condo sector

In a mid-year research report published by realtor and consultancy CBRE Cambodia this week, the Phnom Penh condominium market, while facing some challenges as of...

Hun Sen urges Japanese firms to step up investment

Senate President Hun Sen said that the Royal Government pledges to improve the business climate to attract more foreign investment, particularly from Japan...

MinebeaMitsumi seeks CDC support for second factory

Japanese electronics giant MinebeaMitsumi has requested support from the Council for the Development of Cambodia (CDC) and the Cambodian government in navigating...

Tyre exports rise to $370 million, MoC says

Cambodia’s car tyre exports reached a staggering $370 million in the first half of 2024, an increase of 188 percent compared to the $127 million during the same...

Cambodians more prompt at loan repayments, cheque defaults drop

Cambodians have become more prompt at loan repayments post-Covid, with the cheque default rate dropping in 2023, as per data with the National Bank of Cambodia...

Vanndy calls for revamp of national standards to boost exports

Hem Vanndy, Minister of Industry, Science, Technology & Innovation (MISTI), Monday reaffirmed the commitment of the Royal Government of Cambodia (RGC) to develop...


MOST READ


Back To Top