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ខ្មែរ Business and Market
Cambodia Raises US$10 million Fund from Government Bond
- 13 December 2022
The Cambodian government has raised US$10.15 million from government bonds as of the third quarter of 2022. “In the third quarter 2022, the Royal Government of Cambodia has issued government securities in the total amount of KHR 41.8 billion equivalent to US$10.15 million,” read Cambodia’s Public Debt Situation as of End-Q3 2022. The National Bank of Cambodia (NBC) issued the first gov...
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Cambodia Imports Iron & Steel Worth Over US$300 million in 11 Months
- 13 December 2022
Cambodia imported US$327 million worth of iron and steel in the 11 months of 2022, a year-on-year increase of 22%. Iron and steel are products in the list of import statistics by the top 20 commodities (chapter) in November 2022 of the General Department of Customs and Excise. The import of iron and steel accounts for 1.2% of the total import value of US$27.74 billion. The increase in ...
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PM Hun Sen: Electricity & Oil Prices in Cambodia Under Control
- 13 December 2022
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, Belgium on 12 December 2022. At the same time, PM Hun...
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Perpetual leases: what are the rights of the lessor and lessee?
- 12 December 2022
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 general house or land lease contract, but they mandate the rights of the ...
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AEON 3 Set for Opening on 15 December
- 5 December 2022
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 this newly developing city. The mall is located along Samdech Techo H...
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Bentley Systems Announces Winners of the 2022 Going Digital Awards in Infrastructure
- 23 November 2022
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 ...
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Single Portal Registers Almost 20,000 Companies
- 23 November 2022
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 report, there are more t...
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Royal Group, Keppel Sign Agreement to Export 1,000 Megawatts of Power to Singapore
- 14 November 2022
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 the feasibility of the joint development and operati...
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Infrastructure Projects in Southeast Asia Named as Finalists in Bentley Systems’ 2022 Going Digital Awards in Infrastructure
- 13 November 2022
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 work of ...
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Royal Railways Officially Issues US$10 million Bond on CSX
- 31 October 2022
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 HE Hean Sahib, Secretary of State of the Ministry of Econ...
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