Business and Market
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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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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AEON 3 Set for Opening on 15 December
Aeon Mall Meanchey, the third shopping mall of Aeon (Cambodia) Co., Ltd., is scheduled to open on 15 December 2022, according to the press release of AEON(Cambodia) Co., Ltd. on 15 December. The mall will provide entertainment and education for people of all ages with the concept of the “Edutainment Mall” in the heart of […]
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Bentley Systems Announces Winners of the 2022 Going Digital Awards in Infrastructure
Bentley Systems, the infrastructure engineering software company, has announced the winners of the 2022 Going Digital Awards in Infrastructure. Held on 16 November in London, the annual awards program honours the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world. Finalists presented their projects at the 2022 Year in […]
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Single Portal Registers Almost 20,000 Companies
The government’s Online Business Registration System, a single portal, has registered nearly 20,000 companies with an investment capital of about US$5.51 billion as of mid-November this year. Among all investments, construction shares US$963 billion while real estate is at US$634 billion according to the report of the Ministry of Economy and Finance. According to the […]
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Royal Group, Keppel Sign Agreement to Export 1,000 Megawatts of Power to Singapore
Royal Group Power Company Ltd (RGP), a subsidiary of Royal Group, has entered into an agreement with Keppel Infrastructure Holdings Pte Ltd (KI) through its subsidiary Keppel Energy Pte Ltd (KE) to export 1,000 megawatts of power to Singapore via a submarine high voltage transmission line. The two sides signed a preliminary agreement to study […]
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Infrastructure Projects in Southeast Asia Named as Finalists in Bentley Systems’ 2022 Going Digital Awards in Infrastructure
Winners to Be Selected and Announced on Nov. 15 as Part of Bentley’s Year in Infrastructure and Going Digital Awards Bentley Systems, Incorporated, the infrastructure engineering software company, has announced several projects from Southeast Asia, India, and Japan as finalists in Bentley’s 2022 Going Digital Awards in Infrastructure. The annual awards program honours the extraordinary […]
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Royal Railways Officially Issues US$10 million Bond on CSX
Royal Railway PLC, a provider of rail, train, passenger, warehouse, and customs services has listed bonds of a total of 41 billion riels (approximately US$10 million) on the Cambodia Securities Exchange (CSX). The official bond listing ceremony was held on 31 October 2022, in the presence of Okhna Kith Meng, President of Royal Group, and […]
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Cambodia, China Signs MOU to Export Edible-Nest Swiftlets to China
The Cambodian Ministry of Commerce and the Cambodian Business Center in Xiamen, China, are working together to promote the export of Cambodian edible-nest swiftlets to China. Both parties are also planning to establish an edible-nest swiftlet processing plant in Cambodia as well. (Read more) HE Chhuon Dara, Minister Delegate to the Prime Minister and Secretary […]
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Wealthy Foreigners Can Now Buy Land, Houses in Thailand
The Thai government has agreed to allow foreigners to purchase houses and up to a rai of land if they can show an investment of at least 40 million baht. The directive will be in effect for five years after it has been published in the Royal Gazette, which should be soon, the government said. […]
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