South Korea to Help Establish Food Processing Centre in Cambodia
The Korea Food Research Institute plans to help establish a food processing task center (FTC) in Cambodia to boost food production and contribute to reducing imports. The project was discussed during a recent meeting between HE Cham Prasidh, Senior Minister and Minister of Industry, Science, Technology, and Innovation, and Mr. Kim Young-chan, Project Manager of […]
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Renovation of NR33 to Begin Soon
The renovation of NR33 connecting Kampot to Chrak Lok will begin soon, while the Ministry of Public Works and Transport has already completed the design plan. Speaking during the inspection of NR33 on 25 October, Secretary of State of the Ministry of Public Works and Transport HE Pal Chandara said that the technical team had […]
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Tax Exemption for Tourism & Hospitality Businesses Extended to December 2022
The Cambodian government has decided to extend the tax exemption for tourism and hospitality businesses for another three months from October to December 2022, according to a press release on 25 October. The exemption applies to all types of monthly taxes, except value-added tax, for hotels, guesthouses, and travel agencies registered with the General Department […]
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Trade Volume Between Cambodia & UAE at US$280m, Over US$2.7m in Real Estate
In the first eight months of 2022, the trade volume between Cambodia and the United Arab Emirates (UAE) reached nearly US$280 million, while investment in real estate shared US$2.7 million. The figure was unveiled during the Cambodia-UAE Business Forum on 24 October. The data also shows that in 2020, Cambodia invested in the United Arab […]
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MOE vows to fully support renewable energy development projects
The Ministry of Environment has expressed its full support for the development of renewable energy and the promotion of energy efficiency in Cambodia. This was stated by HE Eang Sophalleth, Secretary of State of the Ministry of Environment in the program “Towards Energy Efficiency and Renewable Energy in the Garment Industry in Cambodia” on October […]
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Expressway company decides to reduce truck fee
The Phnom Penh-Sihanoukville Expressway Investment Company has decided to reduce the cost of using the road for container trucks after the private sector raised concerns over the bit-costly price of using the road. The Ministry of Public Works and Transport and China Road and Bridge Cooperate discussed the toll fee, and the company decided to […]
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Cambodia Securities Regulators to establish property fund in stock market
The Securities and Exchange Regulator of Cambodia plans to set up a real estate-related fund package in the stock market for companies to raise cash from the public for investment. HE Sou Socheat, Director General of the Securities and Exchange Regulator of Cambodia, stated that the fund package related to real estate in the stock […]
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Three Investment Projects Worth US$14.1m Approved for SHV & Kandal
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest US$14.1 million in establishing three factories in Sihanoukville and Kandal province. The first firm is CHENG ZHEN YONG INDUSTRY CO., LTD, which will invest US$5.2 million to establish a shoe accessories factory located in Chak village, Bek Chan commune, […]
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Pestech’s Subsidiary Disposes of Transmission System Project in Cambodia
Pestech International Bhd’s subsidiary is disposing of a transmission system project in Cambodia for US$118 million, reported the Edge Market. Pestech said its 60% indirect-owned subsidiary Diamond Power Ltd (DPL) has signed an agreement with Cambodian Transmission II Co Ltd (CTL II), a wholly-owned subsidiary of Leader Transmission Ltd, to dispose of the 230kV Kampong Cham-Kratie […]
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220,000ha of Rice Fields Nationwide Affected by Flood
A total of 220,000 hectares of rice paddies across the country in 22 provinces were affected by the floods, according to the National Radio of Cambodia on 23 October. According to a report by the Ministry of Agriculture, of the more than 220,000 hectares affected, 110,000 hectares of rice fields were completely damaged, while 70,000 […]
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Chinese Company wants to set up an electric car assembly plant in Koh Kong
China Matrix Technology Group-Horche Intelligent Automobile aims to invest in industrial technology by setting up a factory and assembling electric vehicles in Koh Kong province. This is according to the meeting through the online system on October 22, 2022. The meeting focused on building good relations so that Chinese investors can come to understand the […]
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Gov’t Issues New Guidelines Scrutinising Casino Businesses
The Commercial Gambling Management Commission of Cambodia (CGMC) 20 October issued new guidelines to further regulate casino businesses in Cambodia. According to the announcement, the summary of the guidelines includes: Casino operators must apply for a license or renew the casino license with CGMC or face legal action. Licensed casino operators can operate a casino […]
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