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ខ្មែរ Business and Market
Gov’t boosts cement plant investment to meet growing demand
- 30 December 2022
Cambodian Prime Minister Samdech Hun Sen stated that there is a high demand for cement in Cambodia, which requires additional investment, while the five cement factories produce about 9 million tons per year. During the groundbreaking ceremony for the reconstruction and upgrading of two roads in Kampot and Kep provinces on 30 December, PM Hun Sen said that Cambodia currently produces about 9 m...
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300 trust transactions worth over US$426m recorded in Cambodia as of Dec 2022
- 19 December 2022
As of 16 December, 2022, 300 administrative transactions with an estimated capital of US$426 million have been registered at the Trust Regulator, according to an official meeting on 16 December. The number of registrations has increased significantly, from 17 cases to over 300 cases, reflecting the rapid growth of the Cambodian trust sector. The 2019 Trust Law is enforced to set out rules ...
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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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