Vietnam Invests Nearly US$76m to Connect Quang Nam Province to Cambodia, Laos, and Thailand
Vietnam is set to invest over US$75.8 million to construct a 90km road upgrade project connecting Quang Nam province to the Central Highlands region and neighbouring countries: Lao, Cambodia and Thailand. The project, which was launched by the transport ministry and provincial People’s Committee, will renovate 74km of NR14E from 2021 to 2025, with the […]
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CDC Approves Three New Projects Worth US$15.2m in Svay Rieng, Kampong Speu & Phnom Penh
The Council for the Development of Cambodia (CDC) has given the green light for three new investment projects in the country’s manufacturing sector, with a combined value of US$15.2 million. According to the CDC, the projects are set to create 3,365 jobs across Kampong Speu, Svay Rieng, and Phnom Penh. DUN TAI GARMENT (CAMBODIA) CO., […]
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Russians Overtake Chinese to Become Biggest Phuket Condo Buyers as Russia-Ukraine War Continues
Amidst the ongoing conflict between Russia and Ukraine, Russian investors have become the leading purchasers of condominiums in Phuket, Thailand, overtaking Chinese buyers from the top spot. “Last year, Russians became the leading purchasers of condominiums on the island, dislodging Chinese buyers from the top spot. According to Thailand’s Real Estate Information Centre, 40% of […]
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Pursat Province has 49 Mining Businesses & Over 1K Enterprises Operating
Pursat province has 49 mining businesses, including sand dredging, red clay chalk, construction stone, and marble while more than 1,000 enterprises linked to the sector rare currently operating in the province, as reported by HE Khoy Rida, Pursat Provincial Governor, on 7 March 2023. Of the 1,162 companies and enterprises in the province, there are […]
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Phnom Penh Records Over US$320m Tax Revenue in 2022, Property Tax Contributes Over US$26m
The total tax revenue in Phnom Penh exceeded expectations, reaching over 1,298 trillion Riels, equivalent to more than US$320 million, or 115.46% of the plan, according to the 2022 annual report on the performance of the Phnom Penh Capital Administration. The report also revealed that property tax contributed significantly to the total revenue, with 108.83 […]
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France Provides €500K Grant for Feasibility Study of Bak Kheng Water Supply Phase 3
The French Ministry of Economy has granted around Euro 500,000 to the Phnom Penh Water Supply Authority for the feasibility study of the third phase of the Bak Kheng water supply project. This grant was confirmed during the signing ceremony of the cooperation agreement on 9 March with the participation of HE Long Naro, Director […]
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PM Hun Sen: Cambodia Aims to Be the World’s Largest Cashew Nuts Exporter
Cambodian Prime Minister Hun Sen has expressed his support for the domestic cashew production industry to drive Cambodia to become the world’s largest producer of cashew nuts. During his speech at the 7th River Festival in Kampong Thom province, PM Hun Sen emphasised the potential of Cambodia’s cashew products, stating that they are of good […]
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US$231m Stung Pursat Hydropower Project to Operate in April 2026
The Stung Pursat 1 hydropower project, which has a capacity of 80 MW and is being built by a Korean company at the cost of over US$231 million, is scheduled to become operational in April 2026. Pursat Provincial Governor HE Khoy Rida also announced plans to build two more projects, with the second possibly located […]
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Phnom Penh Approves Over 1,000 Construction Projects Valued at US$600m in 2022
According to the 2022 annual report on the performance of the Phnom Penh Capital Administration, more than 1,000 construction projects worth a total of US$600m were approved in Phnom Penh in 2022. The report stated that 1,139 construction projects were granted permits, covering a total area of 1,215,988 square metres. The number of approved projects […]
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Phnom Penh Municipal Authority Registers Over 10k Land Titles in 2022
The Phnom Penh Municipal Authority has reported a significant increase in land title registration in 2022. According to the 2022 annual report on the performance of the Phnom Penh Capital Administration, the authorities registered 32,123 plots of land and distributed 16,511 title deeds. The report further revealed that the land registration process resulted in the […]
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Kampong Chhnang’s New Multi-Purpose Port to Revolutionise Cambodia’s Waterway Logistics
Cambodia’s transport infrastructure took a major step forward with the construction of the new multi-purpose port and logistics centre in Kampong Chhnang province. With an investment ranging from US$300 million to US$500 million by KLP.T TRANSPORTATION Co., Ltd of Tycoon Try Pheap, the project set to revolutionise the country’s waterway logistics. HE Sun Chanthol, Minister […]
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South Korea Loaned Almost US$2bn to Cambodia, US$1.6bn Signed
South Korea has loaned Cambodia almost US$2 billion in concessional loans since 2001, according to discussions between Cambodian Deputy Prime Minister Aun Porn Moniroth and Kim Kyung Hee, Director General of the Ministry of Economy and Finance of South Korea, held on 9 March 2023. The loans have been used to support development projects in […]
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