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ខ្មែរ Uncategorized
Five Cement Plants in Cambodia Produce 4.6 million Tons of Cement in H1 2022
- 9 August 2022
Five domestic cement factories in Cambodia produced 4.6 million tons of cement in the first half of 2022, contributing to cheaper construction costs in the kingdom. The Ministry of Mines and Energy released this figure at a press conference at the Government Spokesperson’s Unit on 09 August. The ministry did not reveal figures for the same period last year but stated that by the end of 2021,...
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Chinese to Establish Large-Scale Edible-Nest Swiftlet Processing Plant
- 9 August 2022
The Cambodia (Xiamen) Commercial Center, a representative of the Cambodian Business Center in Xiamen city in China, is cooperating with Southeast Yandu (Xiamen) Industrial Development Co., Ltd. to build a large-scale edible-nest swiftlet processing plant in Cambodia for export to China. The two firms signed a Memorandum of Understanding (MOU) on the agreement to export bird nests to China on 08...
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Construction of Koh Tonsay, Landfill and Coastal Road in Kep Province 62% Complete
- 6 August 2022
Construction of Koh Tonsay tourism port, landfill, and coastal road in Kep Province has been 62% complete, according to the meeting on 4 August 2022. Deputy Technical Advisor of the Asian Development Bank (ADB), Mr. Horm Nimol, said that sub-project of the landfill, coastal road, and Koh Tonsay tourism port have been 98.8%, 10.4%, and 8.5% complete respectively. He added that the coastal roa...
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What are Chinese developers’ plans for unfinished construction in SHV?
- 6 August 2022
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville's economy plummeted while the overheated real estate market in the province finally burst. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate in the province also dr...
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Loan Agreement Detail for SHV Port Expansion Phase 1 Signed
- 5 August 2022
Top officials of the Cambodian and Japanese governments have officially signed the exchange of notes and detailed documents regarding the loan agreement for the Sihanoukville port expansion phase 1. The documents were signed by MFAIC Minister HE Prak Sokhon and Japan’s Minister of Foreign Affairs HAYASHI Yoshimasa on 06 August. The concessional loan value that appeared in the press release w...
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Government bond issuance is expected in August or September this year
- 5 August 2022
The government is preparing to issue 1.2 trillion Riel (equivalent to US$300 million) government bonds in 2022 to raise capital from the stock market to develop the national economy. HE Meas Soksensan, Secretary-General, and spokesman for the Ministry of Economy and Finance stated that the government may issue the bond in August or September, while the ministry is currently finalizing procedure...
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Royal Group Phnom Penh SEZ Export Value Reaches Almost US$500 million
- 5 August 2022
As of July 2022, the Royal Group Phnom Penh SEZ’s export value reached US$492.7 million, up 26% compared to the same period last year, according to the firm’s report on 04 August. To date, the SEZ covers a total area of 357 hectares with 102 investors and over 39,000 employees, which is an increase of 42.9% compared to the total employees last year. “The increase in investment value is due t...
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Five Investment Projects Worth US$26 million Approved for K. Speu, SHV, & Phnom Penh
- 5 August 2022
The Council for the Development of Cambodia (CDC) has given permission to private firms to invest US$26.23 million in building five factories in Kampong Speu, Sihanoukville, and Phnom Penh. The first firm is Fukki Apparel and Laundry Technology Co., Ltd, which will invest US$5.4 million to establish a garment and laundry factory in Sangkat Prek Leap in Phnom Penh. The second is The Inheritan...
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China Hands Over Intermodal Transport Master Plan to Cambodia
- 4 August 2022
The study report on the “Intermodal Transport Master Plan for Cambodia”, which was supported by China, has been handed to Cambodia as a basis for the Comprehensive Master Plan on the Cambodian Intermodal Transport 2022-2030. Held on 03 August, the handover ceremony was presided over by members of the Supreme National Economic Council HE Ros Seilava, representatives of the Chinese company, offic...
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Gov’t Collects US$1.3bn in Tariffs in H1 2022, Construction Materials Account For US$80m
- 4 August 2022
During the first six months of 2022, the Customs and Excise Department of Cambodia collected total import tax of approximately US$1.3 billion, an increase of 12% y-o-y. Among all, tariffs, those on construction materials and other fees accounted for approximately US$79.2 million, or equivalent to 6.1% of total tariff revenue. The figures were shared during a work progress meeting of Customs ...
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