Construction of Third Ring Road 80% Completed by October
The construction of the US$267-million third ring road was about 77% complete as of October, while the construction of the bridge across the Bassac River has been 88% completed, according to the Ministry of Public Works and Transport. The progress of the construction of the third ring road was presented by HE Sun Chanthol, Senior […]
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Concessional Loan for PP-Bavet Expressway to be Signed in November
The Phnom Penh-Bavet Expressway concession loan is likely to be signed in November as the Ministry of Public Works and Transport and a Chinese construction company is accelerating the agreement. The concession loan will be signed during Chinese Premier Li Keqiang’s official visit to Cambodia on 9 November, HE Sun Chanthol, Senior Minister, Minister of […]
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Concessional Loan for NR7 Expansion Project to be Signed in November
The project to renovate and expand the quality of NR7 from Skun to Kampong Cham city with Chinese loans will be signed in November. The concessional loan for the project will be signed during Chinese Premier Li Keqiang’s official visit to Cambodia to attend the ASEAN Summit in November, said Minister of Public Works and […]
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Wealthy Foreigners Can Now Buy Land, Houses in Thailand
The Thai government has agreed to allow foreigners to purchase houses and up to a rai of land if they can show an investment of at least 40 million baht. The directive will be in effect for five years after it has been published in the Royal Gazette, which should be soon, the government said. […]
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Japan Helps Modernise Wastewater & Piping Systems in Cambodia
Japan is helping to modernize and enhance the efficiency of wastewater and sewage systems in Cambodia through the Pipe Jacking Method and the WOW to Japan Projects. The Japanese experts shared know-how as well as the aforementioned technologies in a joint technical workshop between Cambodia and Japan on 25 October, led by HE Ros Vanna, […]
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South Korea to Help Establish Food Processing Centre in Cambodia
The Korea Food Research Institute plans to help establish a food processing task center (FTC) in Cambodia to boost food production and contribute to reducing imports. The project was discussed during a recent meeting between HE Cham Prasidh, Senior Minister and Minister of Industry, Science, Technology, and Innovation, and Mr. Kim Young-chan, Project Manager of […]
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Renovation of NR33 to Begin Soon
The renovation of NR33 connecting Kampot to Chrak Lok will begin soon, while the Ministry of Public Works and Transport has already completed the design plan. Speaking during the inspection of NR33 on 25 October, Secretary of State of the Ministry of Public Works and Transport HE Pal Chandara said that the technical team had […]
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Tax Exemption for Tourism & Hospitality Businesses Extended to December 2022
The Cambodian government has decided to extend the tax exemption for tourism and hospitality businesses for another three months from October to December 2022, according to a press release on 25 October. The exemption applies to all types of monthly taxes, except value-added tax, for hotels, guesthouses, and travel agencies registered with the General Department […]
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Trade Volume Between Cambodia & UAE at US$280m, Over US$2.7m in Real Estate
In the first eight months of 2022, the trade volume between Cambodia and the United Arab Emirates (UAE) reached nearly US$280 million, while investment in real estate shared US$2.7 million. The figure was unveiled during the Cambodia-UAE Business Forum on 24 October. The data also shows that in 2020, Cambodia invested in the United Arab […]
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MOE vows to fully support renewable energy development projects
The Ministry of Environment has expressed its full support for the development of renewable energy and the promotion of energy efficiency in Cambodia. This was stated by HE Eang Sophalleth, Secretary of State of the Ministry of Environment in the program “Towards Energy Efficiency and Renewable Energy in the Garment Industry in Cambodia” on October […]
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Expressway company decides to reduce truck fee
The Phnom Penh-Sihanoukville Expressway Investment Company has decided to reduce the cost of using the road for container trucks after the private sector raised concerns over the bit-costly price of using the road. The Ministry of Public Works and Transport and China Road and Bridge Cooperate discussed the toll fee, and the company decided to […]
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Cambodia Securities Regulators to establish property fund in stock market
The Securities and Exchange Regulator of Cambodia plans to set up a real estate-related fund package in the stock market for companies to raise cash from the public for investment. HE Sou Socheat, Director General of the Securities and Exchange Regulator of Cambodia, stated that the fund package related to real estate in the stock […]
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