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ខ្មែរ Business and Market
Cambodia Needs Over 100,000 Hotel Rooms by 2030
- 3 September 2018
Minister of Tourism H.E Thong Khon, has forecast that Cambodia will need more than 100,000 hotel rooms to accommodate the increasing number of national and international tourists which is expected to total to around 28 million by 2030. According to the minister, among the 100,000 rooms, 60% of them will require luxury four and five-star hotels (about 60,000 rooms) with Sihanouvkille Province al...
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Eurocham’s Breakfast Talk Marks a Milestone on Energy Outlook
- 31 August 2018
The European Chamber of Commerce in Cambodia (EuroCham Cambodia) organised a Breakfast Talk regarding “Bloomberg’s 2018 New Energy Outlook” on 30 August 2018, bringing an in-depth understanding on how low-cost energy options are reshaping energy investment plans. Held at Raffles Hotel Le Royal, Phnom Penh, the event brought guest speakers from Bloomberg New Energy Finance (BNEF), Investing in I...
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Maruhan Group inks construction deal with Lotte E & C
- 30 August 2018
Japan-based entertainment conglomerate Maruhan Group has signed a contract with Lotte Engineering & Construction Co., Ltd (Lotte E & C) for the construction of Sathapana Bank Plc’s new head office. On 29 August 2018, Maruhan Investment (Cambodia) Co., Ltd, subsidiary of Maruhan Group (owner of Sathapana Bank Plc) signed a contract agreement with Lotte E & C for the 22-storey, 103-me...
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EDI Port Project Set to Finish by 2021
- 28 August 2018
The project for the Electronic Data Interchange(EDI) system for ports in Cambodia is set to be operational by 2021, according to Dr Masahiko Furuichi from the Japan International Cooperation Agency (JICA) mission team. In a meeting with Senior Minister and Minister of Public Works and Transport (MPWT) H.E. Sun Chanthol on 27 August, Dr Masahiko Furuichi said that the Japan-funded port EDI proje...
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Phnom Penh to Become Trade Hub for Foreign Investors
- 28 August 2018
With massive building projects emerging and sustained growth, Phnom Penh is becoming a trade hub for foreign investors, according to H.E. Men Sam An, Deputy Prime Minister and Minister of National Assembly and Senate Relations and Inspection. Speaking in front of 42-Chinese business delegates during the Tianxia Chaoshang Economic Conference on 26 August, H.E. Men Sam An highlighted the success ...
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Real Estate Management Provider Inks Mou With Wing
- 25 August 2018
Cambodia’s real estate management provider Capital Management Solutions (CMS) had signed a memorandum of understanding (MoU) with leading mobile payment portal Wing (Cambodia) Limited Specialised Bank to provide seamless payments solutions for its customers. Under the agreement which was signed on 22 August, CMS’s customers can now make their monthly rent, utilities and management fee payments,...
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Cambodia Imports More Than Us$400 Million of Steel From Vietnam
- 24 August 2018
Photo by Pxhere Cambodia has imported more than US$400 million worth of steel from Vietnam in the first seven months of 2018, according to figures released by Vietnam’s Ministry of Industry and Trade. Between January and July 2018, Vietnam’s steel exports to Cambodia total about 717 tons of steel worth US$462.73 million, which accounted for 37% of the total volume of steel Vietnam exported. ...
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3rd Asean Real Estate Network Alliance (Arena) Held in Cambodia
- 24 August 2018
In a bid to expand the real estate business across Southeast Asia, the Cambodian Valuers and Estate Agents Association (CVEA) organised the ARENA 2018 convention and exhibition at the Sofitel Hotel Phnom Penh, Cambodia. Under the theme “How to run real estate companies in ASEAN”, the three-day (August 23-25th) event brought together almost 700 real estate salespeople, estate agent valuers, appr...
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Keller-Williams market entry to increase licensing requirements, raise tax revenues
- 21 August 2018
To help ensure the sustainability and progress of the real estate sector, local firm Khmer Real Estate Co., Ltd. has acquired the right to franchise the world's largest real estate business, Keller Williams. This commitment was made by Dr Kim Heang, CEO of Khmer Real Estate who told Fresh News that, “all land agents in Cambodia will do business with property licenses and must pay tax to the gov...
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Construction Sector Attracts Most FDI in Cambodia
- 16 August 2018
The construction sector is one of the four main pillars of Cambodia’s economy and the sector has been responsible for attracting the most Foreign Direct Investment (FDI) to the nation and is expected to continue to do so in the future. Economist Mr Teng De Lux told government news agency Agence Kampuchea Presse (AKP) in an interview that more than US$2 billion of FDI had gone into the construct...
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