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 Transport HE Sun Chanthol in a press conference on 27 October. The project ...
Read MoreWealthy 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. The proposal had been drawn up by the Interior Ministry in May with the aim of pulling in foreign in...
Read MoreJapan 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, Secretary of State of the Ministry of Public Works and Tran...
Read MoreSouth 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 the Korea Food Management Institu...
Read MoreRenovation 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 already inspected NR33 and was ready to begin their work. “During t...
Read MoreTax 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 of Taxation and doing business i...
Read MoreTrade 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$2.7 million. The figure was unveiled during the Cambodia-UAE Business Forum on 24 October. The data also shows that in 2020, Cambodia invested in the United Arab Emirates totaling nearly US$ 1 million, mostly in the r...
Read MoreMOE 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 25, 2022. The event was organized by the Globa...
Read MoreExpressway 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 reduce the cost of the expressway to container truck...
Read MoreCambodia 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 market will allow real estate to be traded which is easy and act...
Read MoreThree Investment Projects Worth US$14.1m Approved for SHV & Kandal
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest US$14.1 million in establishing three factories in Sihanoukville and Kandal province. The first firm is CHENG ZHEN YONG INDUSTRY CO., LTD, which will invest US$5.2 million to establish a shoe accessories factory located in Chak village, Bek Chan commune, Ang Snoul district, Kandal province. The sec...
Read MorePestech’s Subsidiary Disposes of Transmission System Project in Cambodia
Pestech International Bhd’s subsidiary is disposing of a transmission system project in Cambodia for US$118 million, reported the Edge Market. Pestech said its 60% indirect-owned subsidiary Diamond Power Ltd (DPL) has signed an agreement with Cambodian Transmission II Co Ltd (CTL II), a wholly-owned subsidiary of Leader Transmission Ltd, to dispose of the 230kV Kampong Cham-Kratie transmission sy...
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