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ខ្មែរ Investment and Funding
CDC Approves Six New Investment Projects Worth US$66 Million
- 17 February 2022
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest approximately US$66 million to build five factories and one shopping mall in Phnom Penh, Kampong Speu, Takeo, and Sihanoukville. According to the CDC announcement on 17 February, the six companies are: 1- MEKO INTELLIGENT (CAMBODIA) CO., LTD investing US$32 million to establish an electronic parts ...
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Singapore Mulls Investing More in Three Major Sectors in Cambodia
- 17 February 2022
Singapore’s Minister for Foreign Affairs Vivian Balakrishnan has said Singapore intends to invest more in three major high-potential sectors in Cambodia including trade, cold chain, and logistics. HE Vivian Balakrishnan cited the investment plan during the official meeting with Cambodia Prime Minister Samdech Hun Sen Wednesday 6 February, while praising Cambodia for being a country with the hig...
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ESIA Ongoing for New 72km Battambang-Siem Reap Road; 10 Major Decisions Made
- 9 February 2022
Plans to construct a new road connecting Siem Reap and Battambang have seen progression, as the inter-ministerial committee has officially begun the Environmental and Social Impact Assessment (ESIA) for the project. Held on Tuesday 8 February and led by Secretary of State of the Ministry of Environment HE Sabo Ojano, the meeting has given 10 orders to construction firms as follows: 1. The co...
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US$600bn Smart City Project Neither Approved nor Confirmed by Koh Kong Authority
- 8 February 2022
Bilderberg Investment Group has recently announced plans to invest US$600 billion in establishing a smart city on 120,000 hectares of land in Koh Kong province, but the provincial authority has yet to confirm or receive information regarding this project. The company announced the project to the local press last week, naming it AHNAKOT, a large-scale mixed-use development project. However, i...
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Cambodia’s first homegrown firm to get foothold in global real estate market
- 4 February 2022
ZPLAT INTERNATIONAL has announced an ambitious plan for its business expansion, bringing the first Cambodian company to tap into the global real estate market. A soon-to-be-launched ZPLAT INTERNATIONAL is part of Zillennium Co., Ltd. (Z1 Group), a local conglomerate company serving beyond the real estate marketplace in the Kingdom. ZPLAT INTERNATIONAL is aiming to be a new innovative solutio...
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Battambang Governor Urges Japan to Establish SEZs & Smart Cities in Battambang
- 3 February 2022
Japanese investors will visit Battambang province in April to study the feasibility of establishing agricultural product processing factories, special economic zones (SEZs), and a smart city in the province. The visiting plan was proposed during the meeting between Battambang Governor HE Sok Lou and the Director of the Japan-Cambodia Association Tamura Tsutomu on 2 February. HE Sok Lou told ...
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FTB Buys US$10 million More of CAIC Bonds to Fund New Airport Development
- 28 January 2022
FTB Bank has invested another US$10 million in bonds of Cambodia Airport Investment Co Ltd (CAI) to support the development of the Techo International Airport in Kandal province. With this additional investment, FTB’s fund in the new airport has increased to US$30 million from its previous investment of US$20 million, according to a press release issued on 26 January. (Read more) The funds r...
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CGCC Buys US$2 million in CAIC Bonds, Funding New Airport Development
- 27 January 2022
The Credit Guarantee Corporation of Cambodia Plc. (CGCC) has invested 8 billion Riels (approx. US$2 million) in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport. The agreement was signed on Thursday 27 January between CAIC Director Mr Charles Vann and CGCC CEO Mr Wong Keet Loong and witnessed by OCIC Chairman Nrea...
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Japan to Build Cashew Processing Plant on Over 1,000ha of Land in Oddar Meanchey
- 26 January 2022
A Japanese company YEBISS HOLDINGS plans to invest in a 1,000-hectare cashew processing plant in Oddar Meanchey province and export finished products to Japan and international markets. The plan was unveiled during the meeting between Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon and Director of YEBISS HOLDINGS Akira Taniguchi on Tuesday 25 January. Akira Taniguchi said the ...
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Cambodia requests S.Korea to help develop water transport infrastructure
- 26 January 2022
The Minister of Public Works and Transport HE Sun Chanthol has requested the Korea Economic Cooperation Fund (EDCF) to consider the feasibility of assisting in the development of the waterway transport system in Cambodia. This proposal was made during a courtesy meeting between Ms Minnie Chey, New EDCF Country Director for Cambodia and HE Sun Chanthol on Tuesday 25 January. During the meetin...
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