MOMO FARM Needs 10,000 Hectares of Land in Mondulkiri to Raise Dairy Cows
MOMO FARM needs approximately 10,000 hectares of land in Mondulkiri to raise dairy cows and its production process, according to a meeting between the Minister of Agriculture, Forestry and Fisheries HE Dith Tina and MOMO FARM on 18 January. The company intends to expand its business to meet the needs of the local fresh milk […]
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Construction of Techo Peace Hospital Over 80% Complete
The construction of the Techo Peace Hospital is more than 80% complete and is scheduled for completion in June 2023, according to site inspection by Prime Minister Samdech Hun Sen on 19 January. Equipped with modern facilities and tools, the hospital will be specialised in treating cancer patients, especially women, said PM Hun Sen. “Also, […]
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Cambodia to Name Two Roads in Phnom Penh After Indonesian Leaders
The Cambodian government will name two roads in Phnom Penh after Indonesian leaders, according to the official farewell meeting between Phnom Penh Governor HE Khuong Sreng and the Ambassador of the Republic of Indonesia HE Sudirman Haseng on 17 January. The two roads are roads that link from NR6 to Win Win Blvd in Chroy […]
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Indonesia to Break Ground on US$2.7bn Housing Project in New Capital in Q2
Indonesia plans to begin construction of its US$2.7 billion large-scale residential project for civil servants in its new capital by Q2 this year, reported Reuters on 18 January. Head of the Nusantara National Authority Bambang Susantono said his office was negotiating with three private developers for the housing project: a consortium of China’s CCFG Corp […]
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KOICA Approves US$3m Project to Preserve Tuol Sleng Museum Phase II
The Korea International Cooperation Agency (KOICA) approved a US$3 million budget for the preservation of Tuol Sleng Museum (Phase II), according to the official meeting on 17 January. The project will be implemented in five years starting from 2024 under the cooperation between the Ministry of Culture and Fine Arts, KOICA, and UNESCO. Besides this […]
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Royal Group to Build US$300m International Airport on Koh Rong Island
The Royal Group Koh Rong Development Company, a Royal Group Co Ltd subsidiary, will build an international airport on Koh Rong which will take five years to complete. The agreement on the airport master plan was signed on 18 January under the presidency of the Minister in charge of the State Secretariat of Civil Aviation […]
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First and largest Sakura gardens set for South of Phnom Penh
Sponsored Article The first and largest Sakura garden in Cambodia will soon be opened to the public in the Southern party of Phnom Penh. Named “The Sakura Wonderland” the garden is located within Borey Phum Sakura, a new concept residential project that combines Khmer and Japanese architectural styles. Borey Phum Sakura announced The Sakura Wonderland […]
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New Heritage Police Station Inaugurated in Angkor Park
A new heritage police station in Angkor Park worth more than US$1.7 million has been officially inaugurated. The inauguration ceremony was presided over by Deputy Prime Minister Samdech Sar Kheng on 17 January. The new building was built in the APSARA zone with construction funded by the 2018 Conservation Fund of the APSARA Authority. The […]
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Cambodia has nearly 2,000 industrial plants worth US$16 billion in 2022
Cambodia has 1,982 factories in operation by 2022 with a total investment capital of US$16.6 billion, according to a report from the Ministry of Industry, Technology, Science and Innovation. From January to December last year, the ministry registered 186 new factories and enterprises, while only 168 new factories opened in 2021. 83 factories closed in […]
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Korean investors allowed to own 100% share of private companies in Cambodia
The Cambodian government has allowed Korean as well as other foreign investors to own 100% of the shares without requiring local shares, Cambodia Prime Minister Samdech Hun Sen emphasized the incentive while urging more foreign investment. PM Hun Sen gave that statement during the meeting with former Deputy Prime Minister of South Korea Dr Ou […]
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Chinese display maker BOE to invest US$400m to build two factories in Vietnam
Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, plans to invest up to US$400 million to build two factories in Vietnam. According to Reuters, BOE is in talks to rent dozens of hectares of land in north Vietnam to add to its relatively small […]
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CSX Raises Over US$54million in Capital in 2022, 133% Y-o-Y Increase
In 2022, the Cambodia Securities Exchange (CSX) raised a total capital of over 222 billion riels or US$ 54 million, an increase of 133% compared to 2021, according to a press release by CSX on 11 January 2023. Most of this capital came from the issuance of bonds, of which corporate bonds accounted for 63% […]
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