Cambodia-Thailand Reopen Anlong Veng International Gate After Two Years Closure
Choam International Gate in Anlong Veng district, Oddar Meanchey province has officially reopened after being closed for more than two years due to COVID-19. The official reopening was held on 9 May 2022 in the presence of Mr Pen Kosal, Governor of Oddar Meanchey province, and Mr Watthana Phutthichat, Governor of Sisaket province, Thailand, and […]
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NCSD Drafting Sub-Decree to Reduce GHG to Promote Clean Energy Investment
The National Council for Sustainable Development (NCSD) has held a meeting to review and discuss a draft sub-decree on the management of greenhouse gas emissions (GHG), mechanisms aimed at promoting investments such as clean energy, renewable energy, research, and technology transfer of eco-friendly technology, according to the meeting on 6 May 2022. Meanwhile, the sub-decree […]
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MISTI Cooperates with IBC to Establish Water Technology Training Institute
The Ministry of Industry, Science, Technology and Innovation (MISTI), in collaboration with the International Business Chamber of Cambodia (IBC), and Max Syndicate (representing EZE Asia) are to establish a water technology training institute in Cambodia. This is according to the signing ceremony of a Memorandum of Understanding between (MISTI) (IBC) on 6 May 2022. Both […]
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General Department of Taxation Strengthens Real Estate Valuation Skills for Effective Revenue Collection
The General Department of Taxation is conducting training courses on primary real estate appraisal methods and real estate surveys, and classifying property titles to officials for the efficiency of revenue collection in the sector. HE Ken Sambath, Deputy Director-General of the General Department of Taxation, stated in the training course on “Real Estate Appraisal” on […]
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Deputy Prime Minister Chea Sophara Works to Prevent Beach Violations
Deputy Prime Minister HE Chea Sophara, Minister of Land Management, Urban Planning and Construction, and Chairman of the National Committee for Coastal Management and Development has instructed the four governors of coastal provinces to jointly maintain the coastline and prevent the construction encroachments of beaches. HE Chea Sophara made the remarks at the ground-breaking ceremony […]
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Cambodia Requests ADB to Speed Up Census of Wastewater Treatment Sites in Phnom Penh
The Ministry of Public Works and Transport (MPWT) has requested the Asian Development Bank (ADB) in Cambodia to accelerate the census of wastewater treatment sites in Phnom Penh as soon as possible in order to find ways to address the common impact of the shortage of a drainage network in Phnom Penh. The proposal was […]
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US-ASEAN Business Council to Mobilise US Energy Companies to Invest in Cambodia
The US-ASEAN Business Council will mobilize more US energy companies to invest in Cambodia as Cambodia develops rapidly in the energy sector, including in oil and gas. The remarks were made by HE Michael W. Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council, during a meeting with HE Suy Sem, […]
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ISUZU assemble plant in Kampong Speu province starts construction
K (Cambodia) Co., Ltd, a distributor of ISUZU vehicles in Cambodia, has started building an assembly factory for ISUZU vehicles in Kampong Speu province. Kampong Speu Governor HE Vy Samnang said on Friday that the construction started in late April after Khmer New Year. He did not detail the construction project. “There is nothing changed. […]
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Japan to Loan the Philippines US$2.2bn for Metro Manila Rail Project
The Japanese government, via the Japan International Cooperation Agency (JICA), has agreed to loan $2.2bn to the Philippine government for the first phase of its Metro Manila subway rail scheme, reported GCR. The project will include 15 underground stations and around 27km of track between Valenzuela City in the north of Metro Manila and Pasay City […]
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AMK Invests US$1m in CAIC Bond to Support Techo International Airport Construction
AMK Microfinance Institution Plc. invested US$1 million on 6 May 2022 in the Techo International Airport Guaranteed Bond through private placement. The funds raised from Techo International Airport Guaranteed Bond will be used for the construction and development of Techo International Airport in Kandal province. The coupon rate of CAIC bond is 5.5% per annum […]
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Demand for larger condominium units is poised to remain strong
The property market is predicted to see steady strong demand for larger condominium units, despite the limited number of new condominium developments in the market, or higher prices for smaller units in new developments. Consumers are now eager to purchase larger condominium units, which contain larger living areas with some space for a workstation or […]
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Gov’t Approves Six Investment Projects Worth Over US$150m in PP, Kandal, Kampong Speu, Takeo & Sihanoukville Provinces
The Council for the Development of Cambodia (CDC) has approved private investments of more than US$152.6 million to establish five factories and a business center in Phnom Penh, Kandal, Kampong Speu, Takeo, and Sihanoukville. According to the Prakas of the Council for the Development of Cambodia on 5 May 2022, there are six companies that […]
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