Within the Last 15 Years, Chinese Investors Control Projects Worth Up to US$6,511 Million

Source: The Mirror, Vol. 14, No. 647

“Phnom Penh: Statistics over a course of 15 years show that Chinese investors invested the largest amount among all foreign investors in Cambodia.

“According to figures received from the Council for the Development of Cambodia late last week, China invested from 1994 to September 2009 as much as US$6,511 million in Cambodia.

“The same source added that after the Chinese investment, South Korea stands at the second position with total investments of about US$2,856 million; the third is Malaysia with US$2,199 million; the fourth [?] the European Union more than US$1,135 million; fifth [?] is the USA with US$1,179 million; sixth, Thailand with about US$748 million; seventh, Taiwan with about US$654 million; eighth, Singapore with about US$519 million; ninth, Hong Kong with about US$278 million; and tenth, Japan with about US$148 million.

“Most of the investment projects of the 10 investors focus on tourism and on industry.

“The same source went on to say that tourism received up to 48% of the investments, followed by 23% for the industry, and also 23% for services. However, there is little investment in agriculture, which received only 6%.

“Based on the above figures, within 15 years, it is noticed that in 2008 alone, foreign investment in Cambodia grew up to US$10,891 million, followed by 2006 with US$4,415 million; 2007 had about US$2,673 million, and by September 2009 it was only US$1,610 million.” Rasmei Kampuchea, Vol.18, #5098, 13.1.2010

Maybank Cambodia opens 7th branch

Published: 2010/01/05

Source: Business Times, Malaysia

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MAYBANK Cambodia has added a seventh branch to its network, located at Toul Kork District in Phnom Penh.

The new branch will provide retail and commercial banking services, namely deposit and placement, trade finance, remittances, foreign exchange and mortgage as well as an automated teller machine.

"This latest branch completes the four new branches we planned to open this year," said Maybank Group head for international, Abdul Farid Alias in a statement yesterday.

He said the group targets Maybank Toul Kork to turn around in the second year of operation and will meet the banking needs of the community in the vicinity, focusing on the commercial and retail sectors.