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ខ្មែរ Construction Focus
Construction & Real Estate Loan Shares 18% of Total Credit
- 21 January 2023
Bank loans provided to major sectors grew 19.3% compared to last year, while construction and real estate grabbed approximately 18% of the total loans of US$46 billion, according to a recent official summary. Real estate businesses received 9% of total loans, while construction also took 9%. Personal housing loans accounted for 14%, hotel and the restaurant sector shared 4%, while rental busin...
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China & Cambodia aviation remains uncertain despite China’s opening
- 20 January 2023
After China announced the reopening, the flights between Cambodia and China as of January 2023, remained uncertain. According to data from the Secretariat of Civil Aviation, in August 2022, Cambodia had 30 flights between China and Cambodia weekly (quota set by the Chinese side), which means that Cambodian airlines fly 15 times weekly to China and vice versa. Six Chinese airlines are flying ...
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Incentives of new investment law
- 20 January 2023
New investment law has been publicly promulgated since October 2021, which is universal to increase revenue collection by embracing long-term business and attracting new investment. (Read more) Particularly, this new law has provided many favourable conditions on tax and customs for qualified investment projects (IQP). (Read more) Besides, it also has many special guarantees for investors an...
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CDC Approves Four Major Projects Worth US$65.4m in Three Provinces
- 19 January 2023
The Council for the Development of Cambodia (CDC) has given permits to four private firms to invest US$65.4 million to establish four factories in Kampong Speu, Kandal and Svay Rieng provinces. These private companies include: “AROMA SUCCESS GARMENT CO., LTD”, which will invest US$36.6 million to establish a garment factory located in Taing Sno village, Tum Por Meas commune, Samrong Tong d...
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Construction of Techo Peace Hospital Over 80% Complete
- 19 January 2023
The construction of the Techo Peace Hospital is more than 80% complete and is scheduled for completion in June 2023, according to site inspection by Prime Minister Samdech Hun Sen on 19 January. Equipped with modern facilities and tools, the hospital will be specialised in treating cancer patients, especially women, said PM Hun Sen. "Also, if COVID-19 recurred, we must have a large hospit...
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Cambodia to Name Two Roads in Phnom Penh After Indonesian Leaders
- 19 January 2023
The Cambodian government will name two roads in Phnom Penh after Indonesian leaders, according to the official farewell meeting between Phnom Penh Governor HE Khuong Sreng and the Ambassador of the Republic of Indonesia HE Sudirman Haseng on 17 January. The two roads are roads that link from NR6 to Win Win Blvd in Chroy Changvar district, which will be named Jalan Soekarno and Jalan Ali Alatas...
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KOICA Approves US$3m Project to Preserve Tuol Sleng Museum Phase II
- 18 January 2023
The Korea International Cooperation Agency (KOICA) approved a US$3 million budget for the preservation of Tuol Sleng Museum (Phase II), according to the official meeting on 17 January. The project will be implemented in five years starting from 2024 under the cooperation between the Ministry of Culture and Fine Arts, KOICA, and UNESCO. Besides this fund, KOICA already provided US$1 millio...
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Royal Group to Build US$300m International Airport on Koh Rong Island
- 18 January 2023
The Royal Group Koh Rong Development Company, a Royal Group Co Ltd subsidiary, will build an international airport on Koh Rong which will take five years to complete. The agreement on the airport master plan was signed on 18 January under the presidency of the Minister in charge of the State Secretariat of Civil Aviation Mao Havannal and Chairman of the Royal Group Koh Rong Development Company...
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New Heritage Police Station Inaugurated in Angkor Park
- 17 January 2023
A new heritage police station in Angkor Park worth more than US$1.7 million has been officially inaugurated. The inauguration ceremony was presided over by Deputy Prime Minister Samdech Sar Kheng on 17 January. The new building was built in the APSARA zone with construction funded by the 2018 Conservation Fund of the APSARA Authority. The new building was built in the style of a simple...
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Cambodia has nearly 2,000 industrial plants worth US$16 billion in 2022
- 17 January 2023
Cambodia has 1,982 factories in operation by 2022 with a total investment capital of US$16.6 billion, according to a report from the Ministry of Industry, Technology, Science and Innovation. From January to December last year, the ministry registered 186 new factories and enterprises, while only 168 new factories opened in 2021. 83 factories closed in 2022, which was lower than the number of...
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