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ខ្មែរ Economy and Finance
Construction on Koh Rong Samloem Solar Power Supply Begins
- 1 December 2020
The construction of a solar power hybrid microgrid on Koh Rong Samloem has begun and is scheduled for completion by April 2021, according to Yahoo Finance on 30 November. This project is a collaboration between Total Solar Cambodia and Canopy, which will be able to supply electricity to more than half of the population and businesses on Koh Rong Samloem upon completion. The project includes ...
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Cambodia Constructors Association to Host Business Network in December
- 25 November 2020
Cambodia Constructors Association (CCA) will host a business network event this upcoming 18 December, aiming to boost more business activities within the construction sector after seeing it slow due to the COVID-19 pandemic. Scheduled to be held at the Dara Airport Hotel, the event will be joined by CCA members, construction companies, and other key players within the industry, where they can s...
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Property Developer-Owned Banks: Opportunity or Risk for the Real Estate Market?
- 23 November 2020
In recent years, some major property developers in Cambodia have started opening their own banks. Chip Mong Bank and Prince Bank are two main examples of banks owned by well-known large-scale developers. But what is their impact on the real estate market? Real estate expert and CEO of Pointer Nguon Chhayleang explained that while developers opening their own banks is essential the market, they ...
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Chinese Firm to Invest US$1 Billion Building a Green Special Economic Zone in Svay Rieng
- 16 November 2020
A Chinese firm plans to build a 450-hectare green special economic zone worth approximately US$1 billion in Svay Rieng province, according to The Star on 14 November This enormous project is located about 4km south of NR1 or Svay Rieng city centre, and north of the river. A strategic partnership agreement for this project was signed on 13 November between a Chinese industrial park developer ...
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CDC Approves 113 Projects Worth US$2.3 Billion in First Eight Months of 2020
- 8 November 2020
The Council for the Development of Cambodia (CDC) approved 113 investment projects in the first eight months of this year, 22 projects less compared to the same period last year. The approved projects have a combined investment value of US$2.3 billion, a 57.1% year-on-year decrease, according to the report of Cambodia economic trends from the Ministry of Economy and Finance. The report added...
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Chinese Aviation Firm Mulls Investing in Cambodia
- 28 October 2020
The State Secretariat of Civil Aviation has recently requested AVIC International Holding Corporation to provide technical assistance for human resource training in the civil aviation sector. In the meantime, the firm is also mulling investing in the aviation sector in Cambodia. The request was proposed during a meeting between the company's general manager Ted Chen and Minister in charge of St...
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Infrastructure Development Sector Receives Third Largest National Budget Allocations
- 24 October 2020
The Cambodian government has approved US$8.1 billion for 2021 public expenditure in 2021, of which infrastructure development sector received the third largest. According to outcome statement of the meeting chaired by Prime Minister Hun Sen, the Ministry of Public Works and Transport (MPWT) is at the top three receiving the most budget after the Ministry of Education, Youth, and Sports and the ...
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GDT Postpones Capital Gains Tax Collection to 2022
- 22 October 2020
The General Department of Taxation (GDT) has decided to postpone the start of capital gains tax collection from 01 January 2021 to 01 January 2022 to give more time for taxpayers to learn and adjust, according to a GDT announcement on October 22. The decision was made based on a letter from the Ministry of Economy and Finance that was approved by Prime Minister Samdech Hun Sen on 09 October. ...
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Let’s Find Out! EP49: Real Estate Market Update in Q3
- 22 October 2020
<div class="youtube"> https://www.youtube.com/watch?v=w4WfbzYiFUc&t=3s </div> The Phnom Penh Real Estate Market in Q3 of 2020 remains under pressure from the COVID-19 pandemic. However, compared to other neighbouring countries, the Cambodian market shows the most significant recovery steps. What is the overview of the real estate market in the third quarter? Subscribe to th...
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KrisEnergy Receives Loan to Secure Scheduled Oil Extraction in Cambodia
- 20 October 2020
KrisEnergy has reached a loan agreement with Kepinvest Singapore to secure oil extraction offshore of Cambodia as planned before the end of this year. According to the firm’s recent announcement, the US$87-million loan will be divided into two parts, with US$30 million to be used for facility A and another US$57 million to be used for facility B. Both are in phase I of the Apsara project. Kr...
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