US McDonald’s Brand Renamed in Russia Due to Economic Sanctions
More than 800 McDonald’s stores in Russia have been rebranded after the US-based company decided to leave Russia over the war of aggression in Ukraine. McDonald’s decided to sell all 850 stores in Russia to local investor Alexander Nikolaevich Govor for US$1.4 billion, CNN reported on 13 June. The American McDonald’s brand, which has been […]
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Cambodia-Vietnam Considering Waterway Connection Between Kep & Phu Quoc Island
Cambodian and Vietnamese authorities are discussing the connection of waterway infrastructure between Kep and Phu Quoc Island in Vietnam, to provide more options for tourists. A water link connecting Vietnam’s Phu Quoc Island with the Cambodian coast may be a hit with regional tourists but may prove to be a damp squib with Western markets, […]
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MLMUPC Changes Registration Documents of One Spouse’s Separate Property from Word “Dead” to “Giver”
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has announced a change in the registration documents of one spouse’s separate property which is widower or widow because of the death of another spouse, according to a letter 2391 dated 06 June 2022. This change refers to changing the word from “Dead” to “Giver” […]
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CDC Approves Four Investment Projects Worth US$23 million in Phnom Penh & Sihanoukville
The Council for the Development of Cambodia approved four investment projects with a total investment value of US$23.8 million, located in Phnom Penh and Sihanoukville. According to the investment proposal of the companies, the Investment Committee of CDC decided to issue investment project registration certificates to the following companies: GOLDEN SUN FASHION APPAREL CO., LTD […]
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Government Spends US$170m Concessional Loan on Infrastructure in Q1
In the first quarter of 2022, the Royal Government of Cambodia disbursed US$529.79 million from existing concessional loans for infrastructure and other priority sectors. The Cambodia Public Debt Statistics Bulletin of the Ministry of Economy and Finance issued on 09 June stated that 47% of the disbursed amounts were sourced from bilateral development partners, while […]
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Japan Funds Implementation of Construction Workers Safety Standards Plan in Mondulkiri Province
The Japanese government have funded the training for improving the working environment of small-scale construction sites to support the health of construction workers in Mondulkiri province. This is according to the publication of Mondulkiri Provincial Information Department on 09 June 2022. This training course was organised by the Department of Labour of Mondulkiri province in […]
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Cambodia Imports Almost US$150m of Iron & Steel in Five Months
Cambodia imported a total of US$149 million worth of iron and steel in the first five months of the year, up 19.8% from the same period last year. According to the General Department of Customs and Excise, the volume of steel and steel imports contributed about 1.1% of the total import value of US$13.057 billion, […]
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China Provides Over US$4m of Special Funds to Develop 13 Key Sectors in Cambodia
Cambodia and China have signed an Agreement on the Cooperation Projects of Mekong-Lancang Cooperation Special Fund 2022, under which Cambodia has been granted US$4,335,900 to develop 13 key sectors. The agreement was signed between HE Prak Sokhonn, Minister of Foreign Affairs and International Cooperation and HE Wang Wentain, Ambassador of the People’s Republic of China […]
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Cambodia Requests Japan to Help Transform Battambang Provincial Museum into Modern & Smart Facility
The Battambang Provincial Governor held a special meeting with Japanese consultants on smart city development in Battambang on 07 June 2022. The Smart City Development Project in Battambang focuses on transforming the city through the installation of modern technology in public places, and especially the improvement of the Battambang Provincial Museum into a smart museum […]
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MPWT discusses wastewater treatment system development project in Takhmao City
The Ministry of Public Works and Transport (MPWT) has discussed a project to develop a wastewater treatment system in Takhmao City, Kandal province which is under a concessional loan from the Export-Import Bank of Korea. The discussion was held on June 9 in the presence of HE Kem Borey, Undersecretary of State, Ministry of Public […]
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Cambodia & Thailand Urge Opening of Four More Border Crossings
Cambodian and Thai authorities have urged the opening of four more crossings borders, according to a meeting between the Pursat and Trat provincial administrations on 09 June 2022. The meeting was chaired by Mr Pov Piseth, Deputy Governor of Pursat Province and the Thai side was chaired by Mr Kan Chhay Thep Vorak Chhay and […]
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MME Urges Implementation of Two Major Clean Energy Efficiency Projects
The Ministry of Mines and Energy (MME) has announced the implementation of two projects, including an energy efficiency project for Royal Government buildings and a pilot project to supply electricity to villages without electricity through a solar power system connected to a small power supply network. This is according to the dissemination workshop on 09 […]
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