Two Investment Projects Worth US$11.3m Approved for K.Speu, and Kandal province
The Council for the Development of Cambodia (CDC) has decided to issue a registration certificate for eight investment projects with a total capital of US$ 11.3m to establish two factories in Kampong Speu and Kandal province. These private companies include: The first firm is J-STAR GARMENT (CAMBODIA) CO., LTD, which will invest US$5.8 to establish […]
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MoE to Conduct More Education on Environmental Awareness
The Ministry of Environment has pledged to educate more locals on environmental awareness, admitting that the local populace is the most important protective shield of the environment. Minister of Environment HE Say Sam Al said during a conference on 12 October that local people play a major role in helping Cambodia preserve the forest and […]
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Differences between pledge and transfer of title for security
Pledge (pawning) and transfer of title for security are somewhat similar in the act that the debtors use their property as collateral to borrow money from creditors under an agreed period and interest rate. However, there are some differences that frequently cause trouble for debtors and creditors. Pledge or pawning can be done with collateral […]
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115ha on Ta Prom Island to be Transformed to Mixed-Use Development
The Council of Ministers has given a permit to Ta Prohm Investment Co., Ltd. to develop 116 hectares of land on Ta Prohm Island in Sangkat Prek Eang, Khan Chbar Ampov into a new development zone. According to letter No. 821 of the National Assembly dated 23 September 2022, the company will develop Ta Prom […]
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Local firm signs MoU with Thai Corp importing robots to Cambodia for multiple industries
Local company AZ Group has signed an MoU with Thai company TKK Corporation to import automated robots into Cambodia for usage in various sectors from industry, and service, to construction and property. Under this MoU, the two firms will set up a new business sector that imports Hi-Tech Robotic Systems and integrated platforms consisting of […]
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2023: Good Time for Investing in Real Estate?
A leading real estate expert has predicted that 2023 will be a good year to invest in real estate for those who have high capital and expect long-term returns, as property price in 2023 is expected to rise much compared to 2022. CBRE Cambodia Associate Director Kim Kin Kesa said that in 2023, potential investors […]
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MPWT Vows to Complete Study on New Waterway Connecting PP-Kampot in Early 2023
The Ministry of Public Works and Transport (MPWT) has pledged to complete the feasibility study on a new waterway connecting Phnom Penh to Kampot through Tonle Bassac by 2023. MPWT Minister HE Sun Chanthol said on 14 October that the Tonle Bassac Navigation and Logistics Study Project is under review and discussion with the China […]
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Vietnam, Cambodia Speeds Up Study on Railway Connecting Phnom Penh & Ho Chi Minh
Vietnam has urged Cambodia to speed up the feasibility study of a direct railway connecting Phnom Penh and Ho Chi Minh City. The discussion on this project was raised during the meeting between MPWT Minister HE Sun Chanthol and Vietnam Ambassador to Cambodia HE Nguyen Huy Thang on 12 October. The meeting was held to […]
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Techo International Airport Construction 40% Complete While Five Banks Invest US$23m
The construction of Techo International Airport (TIA) is now 40% complete as of October as the work is scheduled to finish in 2024. The Cambodia Airports Investment Corporation (CAIC) updated the construction process at the signing ceremony of TIA guaranteed bond investments on 14 October. (Read more) Cambodia Airports Investment Corporation (CAIC) is a joint […]
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Five Banks Invest US$23m in Guaranteed Bonds for New Phnom Penh Airport
Five commercial banks have signed agreements with Cambodia Airport Investment Co., Ltd (CAIC) investing over US$23 million in guaranteed bonds to support the development of Techo International Airport. The five banks include Cathay United Bank (CUBC), First Commercial Bank (FCB), Mega International Commercial Bank (Mega ICBC), Taiwan Cooperative Bank (TCB), and Union Commercial Bank (UCB, […]
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Cambodia-Korea MPWT Research Lab Inaugurated
The Cambodia-Korea Techo Sen Public Works and Transport Laboratory was officially inaugurated on Thursday 13 October. The inauguration ceremony was presided over by Minister of Public Works and Transport HE Sun Chanthol and Ambassador of the Republic of Korea to Cambodia HE HE Park Heung-kyeong. The objective of establishing this laboratory is to contribute to […]
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Allegedly Stolen 280,000 Barrels of Crude Oil Returned to Cambodia; Sold for US$25m
Over 280,000 barrels of crude oil, the first commercial production in Cambodia’s history, have returned home after being allegedly stolen and shipped out of the country without the government’s acknowledgment last year. Ministry of Mines and Energy spokesman Meng Saktheara said on 12 October that the oil was sold for more than US$25 million in […]
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