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ខ្មែរ 
Renaissance Refines Over 3,500 kg of Gold as of June 2022
- 5 August 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 the first 8 years, with the aim to increase production afterwards. The gold prod...
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Government bond issuance is expected in August or September this year
- 5 August 2022
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 the ministry is currently finalizing procedure...
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Royal Group Phnom Penh SEZ Export Value Reaches Almost US$500 million
- 5 August 2022
As of July 2022, the Royal Group Phnom Penh SEZ’s export value reached US$492.7 million, up 26% compared to the same period last year, according to the firm’s report on 04 August. To date, the SEZ covers a total area of 357 hectares with 102 investors and over 39,000 employees, which is an increase of 42.9% compared to the total employees last year. “The increase in investment value is due t...
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Five Investment Projects Worth US$26 million Approved for K. Speu, SHV, & Phnom Penh
- 5 August 2022
The Council for the Development of Cambodia (CDC) has given permission to private firms to invest US$26.23 million in building five factories in Kampong Speu, Sihanoukville, and Phnom Penh. The first firm is Fukki Apparel and Laundry Technology Co., Ltd, which will invest US$5.4 million to establish a garment and laundry factory in Sangkat Prek Leap in Phnom Penh. The second is The Inheritan...
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Agriculture Ministry: Phnom Tamao Development Safe to Wildlife & Not for Private Benefit
- 5 August 2022
The Ministry of Agriculture, Forestry and Fisheries (MAFF) has rejected all accusations over the Phnom Tamao land development, clarifying that the development is outside the wildlife sanctuary zone, and does not cause negative impacts on the environment, and most importantly is not a private business transaction. According to the announcement on 04 August, the purpose of the development is to m...
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PM Hun Sen: No More Internet Service Provider Monopoly in Boreys
- 4 August 2022
Cambodian Prime Minister Samdech Hun Sen has ordered to put an end to internet service provider monology in Boreys and revoke all the previous exclusive signed by related parties. The statement of PM Hun Sen was repeated by Minister of Posts and Telecommunications HE Chea Vandeth in a press conference on 4 August. “Deal to allow only one exclusive internet service provider in Boreys must be ...
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China Hands Over Intermodal Transport Master Plan to Cambodia
- 4 August 2022
The study report on the “Intermodal Transport Master Plan for Cambodia”, which was supported by China, has been handed to Cambodia as a basis for the Comprehensive Master Plan on the Cambodian Intermodal Transport 2022-2030. Held on 03 August, the handover ceremony was presided over by members of the Supreme National Economic Council HE Ros Seilava, representatives of the Chinese company, offic...
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Gov’t Collects US$1.3bn in Tariffs in H1 2022, Construction Materials Account For US$80m
- 4 August 2022
During the first six months of 2022, the Customs and Excise Department of Cambodia collected total import tax of approximately US$1.3 billion, an increase of 12% y-o-y. Among all, tariffs, those on construction materials and other fees accounted for approximately US$79.2 million, or equivalent to 6.1% of total tariff revenue. The figures were shared during a work progress meeting of Customs ...
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OCIC Inks Deal with Malaysian Firm to Boost Cambodia’s Construction & Real Estate Sector
- 4 August 2022
The Overseas Cambodian Investment Corporation (OCIC) has signed a Memorandum of Understanding with Malaysia’s Eakon Group to develop the Elysee project in Phnom Penh. The MoU was signed on 02 August between Director of OCIC and Mega Asset Management Lim Lychin and Group Managing Director of Eakon Group Dato’ Sri Ricky Yaw. The Malaysian Ambassador to Cambodia Eldeen Husaini Mohd Hashim and C...
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Naga Corp Earns Net Profit of US$52 million in H1 2022
- 3 August 2022
Hong Kong-listed NagaCorp Ltd, the operator of the casino resort monopoly in Phnom Penh, earned a total profit of US$52 million in the first half of 2022. The figures were mentioned in a filing dated 18 July to the Hong Kong Stock Exchange. The profit of US$52 million is a major increase compared to a US$77-million loss for the first half of 2021 when the resort was closed most of the time d...
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Why Cambodia could be the ‘Asian Tiger of the 21st Century?
- 3 August 2022
Chinese and American analysts have forecasted that Cambodia could have a chance to become the "tiger of Asia of the 21st century" in the near future, after the end COVID-19 pandemic and global uncertainty. The forecast was made by the President of the American Chamber of Commerce and Group CEO of Cambodian Investment Management Holdings Anthony Galliano and CEO of Prince Real Estate Edward Lee....
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NBC Forecasts Cambodia’s Economic Growth at 5.3% in 2022
- 3 August 2022
The National Bank of Cambodia (NBC) has projected that Cambodia’s economic growth in 2022 will be at 5.3% which is higher than the previously estimated rate of just 3%. The growth is due to the global economic recovery and the rapid resumption of economic activity, which will be supported by the garment sector, tourism, agriculture, and construction, the report added. NBC Governor HE Chea Ch...
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