Construction Focus
Loan Agreement Detail for SHV Port Expansion Phase 1 Signed
Top officials of the Cambodian and Japanese governments have officially signed the exchange of notes and detailed documents regarding the loan agreement for the Sihanoukville port expansion phase 1. The documents were signed by MFAIC Minister HE Prak Sokhon and Japan’s Minister of Foreign Affairs HAYASHI Yoshimasa on 06 August. The concessional loan value that […]
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Government bond issuance is expected in August or September this year
The government is preparing to issue 1.2 trillion Riel (equivalent to US$300 million) government bonds in 2022 to raise capital from the stock market to develop the national economy. HE Meas Soksensan, Secretary-General, and spokesman for the Ministry of Economy and Finance stated that the government may issue the bond in August or September, while […]
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Royal Group Phnom Penh SEZ Export Value Reaches Almost US$500 million
As of July 2022, the Royal Group Phnom Penh SEZ’s export value reached US$492.7 million, up 26% compared to the same period last year, according to the firm’s report on 04 August. To date, the SEZ covers a total area of 357 hectares with 102 investors and over 39,000 employees, which is an increase of […]
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Five Investment Projects Worth US$26 million Approved for K. Speu, SHV, & Phnom Penh
The Council for the Development of Cambodia (CDC) has given permission to private firms to invest US$26.23 million in building five factories in Kampong Speu, Sihanoukville, and Phnom Penh. The first firm is Fukki Apparel and Laundry Technology Co., Ltd, which will invest US$5.4 million to establish a garment and laundry factory in Sangkat Prek […]
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China Hands Over Intermodal Transport Master Plan to Cambodia
The study report on the “Intermodal Transport Master Plan for Cambodia”, which was supported by China, has been handed to Cambodia as a basis for the Comprehensive Master Plan on the Cambodian Intermodal Transport 2022-2030. Held on 03 August, the handover ceremony was presided over by members of the Supreme National Economic Council HE Ros […]
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Gov’t Collects US$1.3bn in Tariffs in H1 2022, Construction Materials Account For US$80m
During the first six months of 2022, the Customs and Excise Department of Cambodia collected total import tax of approximately US$1.3 billion, an increase of 12% y-o-y. Among all, tariffs, those on construction materials and other fees accounted for approximately US$79.2 million, or equivalent to 6.1% of total tariff revenue. The figures were shared during […]
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OCIC Inks Deal with Malaysian Firm to Boost Cambodia’s Construction & Real Estate Sector
The Overseas Cambodian Investment Corporation (OCIC) has signed a Memorandum of Understanding with Malaysia’s Eakon Group to develop the Elysee project in Phnom Penh. The MoU was signed on 02 August between Director of OCIC and Mega Asset Management Lim Lychin and Group Managing Director of Eakon Group Dato’ Sri Ricky Yaw. The Malaysian Ambassador […]
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Why Cambodia could be the ‘Asian Tiger of the 21st Century?
Chinese and American analysts have forecasted that Cambodia could have a chance to become the “tiger of Asia of the 21st century” in the near future, after the end COVID-19 pandemic and global uncertainty. The forecast was made by the President of the American Chamber of Commerce and Group CEO of Cambodian Investment Management Holdings […]
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NBC Forecasts Cambodia’s Economic Growth at 5.3% in 2022
The National Bank of Cambodia (NBC) has projected that Cambodia’s economic growth in 2022 will be at 5.3% which is higher than the previously estimated rate of just 3%. The growth is due to the global economic recovery and the rapid resumption of economic activity, which will be supported by the garment sector, tourism, agriculture, […]
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SSEZ Import & Export Value in H1 at US$1.4 billion, Up 28% Y-o-Y
During the first half of 2022, the export and import value at the Sihanoukville Special Economic Zone (SSEZ) was recorded at US$1.4 billion, an increase of 38% compared to the same period last year. According to SSEZ President Chen Jiangang, his firm is currently expanding e-commerce activities and Silk Road development to attract more technology-related […]
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