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The International Financial Corporation (IFC) on February 16 announced that it had inked a new “collaboration agreement” with local WorldBridge Group and Singapore’s YCH Group for the development of the Phnom Penh Logistics Complex (PPLC) as a “smart logistics hub” in Southeast Asia, in a bid to “drive trade and connectivity, reducing costs”.
The local WorldBridge Group of Companies and South Korean-owned Luxury Business Group (LBG) entered into a joint venture (JV) to develop professional training in the Cambodian retail industry, with a focus on the luxury segment. An agreement was signed to this effect at the Cambodia-Korea Business and Investment Forum on January 27, in Seoul, South Korea.
The government plans to look into building a proposed Sihanoukville Logistics Center (SLC), with support from the World Bank, to transform Cambodia into an “active distribution channel” for the region as well as to capture and maintain a sound competitive edge against its peers, according to Minister of Public Works and Transport Sun Chanthol on December 22.
The Philippines is wooing Cambodian companies to consider business opportunities in the country as it further develops its manufacturing sector.
Citing the country’s latest economic figures, President Marcos invited business leaders here yesterday to invest in the Philippines and experience the “much-improved” opportunities in the country.