Cambodia Raises US$10 million Fund from Government Bond
The Cambodian government has raised US$10.15 million from government bonds as of the third quarter of 2022. “In the third quarter 2022, the Royal Government of Cambodia has issued government securities in the total amount of KHR 41.8 billion equivalent to US$10.15 million,” read Cambodia’s Public Debt Situation as of End-Q3 2022. The National Bank […]
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Cambodia Imports Iron & Steel Worth Over US$300 million in 11 Months
Cambodia imported US$327 million worth of iron and steel in the 11 months of 2022, a year-on-year increase of 22%. Iron and steel are products in the list of import statistics by the top 20 commodities (chapter) in November 2022 of the General Department of Customs and Excise. The import of iron and steel accounts […]
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PM Hun Sen: Electricity & Oil Prices in Cambodia Under Control
Cambodian Prime Minister Samdech Hun Sen has ordered Electricite du Cambodge (EDC) and the Ministry of Mines and Energy to keep electricity prices stable and as low as possible while warning private companies not to increase oil prices arbitrarily. PM Hun Sen gave the statement during the ASEAN Summit – European Union (EU) in Brussels, […]
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Australia Provides US$65m Fund for Development in Four Key Sectors in Cambodia
The Australian Embassy in Cambodia has provided US$65 million in grants to help develop four key sectors over a five-year period (June 2022 to June 2027). The agreement signing ceremony for the Cambodia-Australia Partnership for Resilient Economic Development (CAP RED) Program was held on 12 December. The grant will focus on four key areas including […]
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GDLT, CDIA to set up electric bus system in Siem Reap
The General Department of Land Transport (GDLT) has partnered with Cities Development Initiative For Asia (CDIA) to implement a comprehensive study project on the feasibility of setting up a public transport system for electric buses in Siem Reap. According to the discussion on “Electric bus fleets as public service in Siem Reap city” on 9 […]
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PM Hun Sen Proposes Building Beach Museum in SHV
Cambodian Prime Minister Samdech Hun Sen has urged the Ministry of Tourism and the Sihanoukville authorities to examine the possibility of setting up a beach museum in the province. PM Hun Sen said during 16th Beach’s Club General Assembly that the club president and members should share their experiences and create a beach museum. “The […]
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ADB Provides US$73m Fund to Cambodia to Boost Coastal Fisheries
The Asian Development Bank (ADB) has approved a US$73 million financing package to promote sustainable climate resilience and coastal & marine fisheries in Cambodia, according to a press release on 8 December. The fund package includes a US$41 million loan from ADB, a US$22 million grant from ADB’s Asian Development Fund, and a US$$10 million […]
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Perpetual leases: what are the rights of the lessor and lessee?
According to article 244 of the Civil Code, a perpetual lease refers to a long-term lease of immovable property for not less than 15 years. The agreement/contract must be written to be effective by law, otherwise, it will be considered a lease for an indefinite period (general lease). The contract is quite similar to a […]
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Construction of Arey Ksat Bridge Set to Begin by End 2023
The Cambodia-Korea Friendship Bridges Project (Old Market – Chroy Changvar & Chroy Changvar – Arey Ksat) is set to begin construction by the end of 2023 as the legal procedures of the project are yet to be completed. The timeline was confirmed by a spokesman for the Ministry of Public Works and Transport Heang Sotheayuth […]
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11 Beaches in Cambodia Selected as Most Beautiful in 2022
11 beaches in Cambodia have been selected as the most beautiful beaches in 2022, of which six are excellent and five are intermediate. The beaches have been selected from 27 nominal beaches in Cambodia during the celebration of the 9th Sea Festival on 8 December. According to Mr Mom Bovil, Secretary of the Working Group […]
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PM Hun Sen Commits to Building Two More Expressways PP – Bavet & PP – Siem Reap
Prime Minister of Cambodia Samdecho Hun Sen said that the Royal Government will build two more expressways, Phnom Penh – Bavet and Phnom Penh – Siem Reap. “We will try to build another expressway connecting Phnom Penh to Bavet on the Vietnamese border,” read a post on his official Facebook page while he was travelling […]
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Japan Provides Over US$500K to Improve Health Centres in Takeo & Kampong Cham
The Government of Japan has agreed to provide a total of US$ 506,595 for the renovation of the Rehabilitation Centre in Takeo Province and the construction of a maternity and neonatal care facility at Kampong Cham Provincial Referral Hospital. The donation agreement signing ceremony was held on 8 December under the presidency of Deputy Chief […]
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