Chinese to Establish Large-Scale Edible-Nest Swiftlet Processing Plant
The Cambodia (Xiamen) Commercial Center, a representative of the Cambodian Business Center in Xiamen city in China, is cooperating with Southeast Yandu (Xiamen) Industrial Development Co., Ltd. to build a large-scale edible-nest swiftlet processing plant in Cambodia for export to China. The two firms signed a Memorandum of Understanding (MOU) on the agreement to export […]
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Cambodia Vows to Expand More Biodiversity Zones; Share 41% of Total Land to Date
Cambodia has vowed to expand and protect more biodiversity zones, as today the country has a total of 76, or equivalent to over 41% of the total land, according to a Ministry of Environment announcement on 08 August. The ministry has been working on registering more protected zones and categorising them for different usage purposes […]
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Tourism Ministry: Small & Medium Hotels No Longer Required to Apply for Classification
The Ministry of Tourism has decided to waive the obligation to apply for hotel and tourism accommodation classification for small and medium hotel & accommodation businesses to help those businesses recover from the COVID-19 pandemic. According to a ministry announcement on 04 August, this waiver will help those SMEs cut their expenses and save time […]
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Raids Continue on Unregulated Sand Business Operators, Four More Shut Down
Phnom Penh Deputy Governor Suy Serith on Monday led relevant officials in raids on unregulated sand mining businesses, with four more operators located along NR2 ordered to shut down. Mr Serith said the business owners of those four sand depots violated the instructions of the authority multiple times which is why the team decided to […]
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Environment Ministry Sets More Rules for Protected Areas in 15 Provinces
The Ministry of Environment has issued more guidelines for protected zones and biodiversity corridors in 15 provinces to strengthen the management and make more effective usage of those areas. According to discussions during an official meeting on 05 August, those provinces include Tbong Khmum, Kratie, Mondulkiri, Ratanakiri, Stung Treng, Kampong Thom, Siem Reap, Preah Vihear, […]
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PM Cancels All Development Permits in Phnom Tamao
Cambodian Prime Minister Samdech Hun Sen has cancelled all the controversial development projects in Phnom Tamao Zoological Park and Wildlife Rescue Centre (PTWRC). The cancellation order was issued after there are many requests from the people to the government to protect the forest nearby the centre. (Read more) The order message was published on PM’s […]
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Construction of Koh Tonsay, Landfill and Coastal Road in Kep Province 62% Complete
Construction of Koh Tonsay tourism port, landfill, and coastal road in Kep Province has been 62% complete, according to the meeting on 4 August 2022. Deputy Technical Advisor of the Asian Development Bank (ADB), Mr. Horm Nimol, said that sub-project of the landfill, coastal road, and Koh Tonsay tourism port have been 98.8%, 10.4%, and […]
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What are Chinese developers’ plans for unfinished construction in SHV?
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally burst. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate […]
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19 of 36 Islands in Sihanoukville Under Private Development
19 of 36 islands in Sihanoukville are under development by over 23 private companies, according to the latest official record published on 03 August. 4 out of 5 islands in Sihanouk city are being developed by four companies, while nine islands of 19 islands in Koh Rong city are being invested in by seven companies. […]
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Loan Agreement Detail for SHV Port Expansion Phase 1 Signed
Top officials of the Cambodian and Japanese governments have officially signed the exchange of notes and detailed documents regarding the loan agreement for the Sihanoukville port expansion phase 1. The documents were signed by MFAIC Minister HE Prak Sokhon and Japan’s Minister of Foreign Affairs HAYASHI Yoshimasa on 06 August. The concessional loan value that […]
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Renaissance Refines Over 3,500 kg of Gold as of June 2022
As of June 2022, Renaissance Mineral (Cambodia) had refined a total of 3,543 kg of gold ore from its licensed mining zone in Mondulkiri province, according to Ministry of Economy and Finance Spokesman HE Meas Sok Sen San on 05 August. Under this operation, Cambodia expects to produce 3 tons of gold per year for […]
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Government bond issuance is expected in August or September this year
The government is preparing to issue 1.2 trillion Riel (equivalent to US$300 million) government bonds in 2022 to raise capital from the stock market to develop the national economy. HE Meas Soksensan, Secretary-General, and spokesman for the Ministry of Economy and Finance stated that the government may issue the bond in August or September, while […]
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