Talk on OCA Dispute Between Cambodia & Thailand to End Soon
Talks on the dispute over the overlapping claim area (OCA) in the gulf of Cambodia and Thailand has reached another level with an agreement expected to be signed soon. According to The Star, the Thai side raised the issue in a 20-minute cabinet meeting on 3 January. Thai Deputy Prime Minister Gen Prawit Wongsuwan said […]
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Laos Launches 500kV Transmission Line with Plan to Connect with Cambodia
Yunnan Energy Investment (HK) Co Ltd has launched a 500kV transmission line in the southern Lao province of Champasak and connected to a substation in Khong district on the Laos-Cambodian border, according to Laos’ Vientiane Time on 5 January. Mr Chanthaboun Soukaloun, Managing Director of Electricite du Laos (EDL), said the 500-kilovolt transmission line and substation […]
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Cambodia Approves Investment Projects Worth US$4.6 Billion in 2022
Cambodia attracted fixed-asset investments of US$4.6 billion in 2022, increasing 7.5 % compared to a year before, a report of the Council for the Development of Cambodia (CDC) showed on 6 January. The CDC approved new non-special economic zones (SEZ) with a total investment value of US$3.4 billion, a year-on-year increase of 49%. The investment […]
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MPWT Vows to Boost Cambodia’s Transport Sector Further in 2023
The Ministry of Public Works and Transport (MPWT) has approved 112 new action plans for 2023 to boost the transport sector further, according to an official meeting on 5 January. Director General of the General Department of Administration and Finance HE Ken Ratha said that the 112 new action plans will focus on activities to […]
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US retailer Walmart mulls expanding business in Cambodia
Walmart, a well-known retail company in the United States, is looking to expand its business in Cambodia. Walmart Representative Anbinh Phan mentioned the company’s plan in a virtual meeting with HE Pan Sorasak, Minister of Commerce on 5 January 2023. In the meeting, she said that Walmart intends to expand its business and cooperate to […]
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SME Bank Provides Over US$41m in Loans to 291 Tourism Businesses
As of December 2022, the Small and Medium Enterprise Bank of Cambodia (SME Bank) has provided US$41.52 million in loan to 291 tourism businesses, according to the bank’s announcement on 3 January 2023. The loan is part of the Tourism Restoration and Growth Sector (TRCS) co-financing project with a total budget of about US$150 million. […]
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CDC Approves Three Projects Worth US$16m in Kampong Speu
The Council for the Development of Cambodia (CDC) has given permits to three private firms to invest US$16 million to establish three factories in Kampong Speu province. These private companies include: The first firm is “WINDARA INTERNATIONAL CO., LTD” which will invest US$5.4 million to establish a backpack factory for sleeping bags, tents, garments, and […]
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Kandal Authority Gives Closure Warning to Non-Standard Ferries
The Kandal Provincial Administration has warned any ferry businesses that they will be shut down if they do not properly implement the safety principles, according to an official meeting on 5 January. Mr Chi Sivutha, Director of Administration of Kandal Provincial Hall, said that the provincial administration had to immediately stop the usage of rudder […]
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Gov’t Establishes 15 New villages in Pursat Province
The Ministry of Interior has established 15 new villages in several districts in Pursat province, according to Prakas No. 7406 dated 29 December 2022. These 15 villages include: -Bor Vong village in Sangkat Chamroeun Phal -Phteah Prey village, Sampov Meas village, Chamkar Chek village in Sangkat Phteah Prey -Thmey Beidom village, O Trav village, Chheu Teal […]
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Gov’t Revises Development Plan on Koh Puos
The Council for the Development of Cambodia (CDC) and the Sihanoukville Provincial Administration are revising the development plan for Koh Puos, an island near the mainland of Sihanoukville. According to Sihanoukville Deputy Governor HE Long Dimanche on 4 January, the revision of the masterplan will turn Koh Puos into a standardised international tourist destination. The Cambodian […]
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HALO Trust Cambodia Accomplishes 3,000 ha of Demining
In 2022, the HALO Trust Cambodia team accomplished mine clearance on over 3,000 hectares of land across Cambodia, according to the organisation’s announcement on 31 December. HALO Trust has also destroyed 18,127 anti-personnel mines, 66 anti-vehicle mines, and over 28,000 explosive remnants of war. Recently, the Cambodian government announced that Tbong Khmum province will be the […]
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Gov’t Provides US$89 million in Loans to SMEs as of 2022
As of 31 December 2022, the Credit Guarantee Corporation of Cambodia (CGCC) has provided approximately US$89 million in loans, mostly non-collateralised loans, to businesses, especially small and medium enterprises. According to a press release from CGCC on 3 January, the loan is provided under the BRGS scheme to provide credit to support businesses, both SMEs […]
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