FreshStart Energy seeks investment opportunities in Cambodia
In the afternoon of March 2, 2024, Prime Minister Hun Manet, received Mario Vecchio, Chief Executive Officer and President of FreshStart Energy, for a courtesy call and discussion on the occasion of the ASEAN-Australia Special Summit in Melbourne, Australia.
Khmer Times Staff
https://www.khmertimeskh.com/501449392/freshstart-energy-seeks-investment-opportunities-in-cambodia/
PPWSA, VCGP sign $103.3M deal for water treatment plant in Bakheng
In a move towards enhancing Cambodia’s water infrastructure, the Phnom Penh Water Authority (PPWSA) and Vinci Construction Grands Projets (VCGP) have finalised $103.3 million contract yesterday for the design and construction of the third drinking water treatment plant in Bakheng.
Ben Sokhean
https://www.khmertimeskh.com/501471588/ppwsa-vcgp-sign-103-3m-deal-for-water-treatment-plant-in-bakheng/
NEC outlines equity programme for Senate Election campaigns due next month
The National Election Committee (NEC) has announced a Campaign Equity Programme to guarantee equal opportunities for political parties to disseminate their political platforms during the 5th Mandate Senate Election Campaign between February 10 and 23 this year.
Cambodian Prime Minister Welcomes ACCOR Group’s Continued Investment
In a meeting with Dr. Hun Manet, Prime Minister of Cambodia, Monday, in France, Ms. Maud Bailly, Chief Executive Officer of Sofitel, MGallery& Emblems, representing ACCOR Group, expressed optimism about the growth and improvement of the tourism sector in Cambodia in 2024.
Khmer Times Staff
https://www.khmertimeskh.com/501423738/cambodian-prime-minister-welcomes-accor-groups-continued-investment/
Trade with Singapore grows, exceeds $900M
The total value of trade between Cambodia and Singapore amounted to almost $920 million in 2023, marking an increase of over 7% compared to the previous year. Imports from the city-state represented a substantial 94% of the figure, according to the General Department of Customs
Hin Pisei
https://www.phnompenhpost.com/business/trade-with-singapore-grows-exceeds-900m
Gov’t bonds reduce foreign borrowing
Since the government, through the Ministry of Economy and Finance, started issuing sovereign bonds in September 2022, they have emerged as a new financial instrument, enabling the government to augment domestic revenue, thereby reducing the need to borrow from foreign sources for infrastructure development.
May Kunmakara
https://www.phnompenhpost.com/post-in-depth/gov-t-bonds-reduce-foreign-borrowing
Cambodia loses 31% of protected Areas’ trees in one decade
Cambodia lost 31 percent of tree cover from its wildlife sanctuary protected areas between 2001 and 2022, and more than 100,000 hectares (ha) in 2022, equivalent to 1.2 percent, according to a Citizens Engaged in Environmental Justice for All (CEEJA) report.
Thang Sinorn
https://kiripost.com/stories/cambodia-loses-31-of-protected-areas-trees-in-one-decade
Royal Group PPSP sees four-fold increase in annual net profits in 2023
Royal Group Phnom Penh SEZ Plc. (RGPPSP) has recorded an almost four-fold increase in annual net profits for 2023 compared to 2022, according to a Cambodia Stock Exchange (CSX) bourse filing by the special economic zone (SEZ) developer last week.
James Whitehead
https://www.khmertimeskh.com/501438729/royal-group-ppsp-sees-four-fold-increase-in-annual-net-profits-in-2023/
ADB highlights post-LDC graduation challenges for Cambodia
Cambodia is on track to graduate from least developed country (LDC) status by 2027, according to a new report by the Asian Development Bank (ADB) that also raises concerns about some of the challenges that lie ahead.
Yatt Malai
https://kiripost.com/stories/adb-highlight-post-ldc-graduation-challenges-for-cambodia
Use domestic rubber as raw material, PM tells tyre factories
Prime Minister Hun Manet has asked all tyre factories in the country to use domestic rubber as raw material inputs, creating a market for rubber plantation farmers even as two more tyre factory projects have received in-principle approval for investment in Cambodia.
Chea Vanyuth
https://www.khmertimeskh.com/501480753/use-domestic-rubber-as-raw-material-pm-tells-tyre-factories/
Kingdom narrows healthcare gap for mothers in last two decades
Cambodia has managed to provide quality maternal care for all women, rich and poor, in the last two decades, said a World Bank report. Data shows the gap in access to maternal health care between the richest and poorest has narrowed.
Rachel David
https://www.khmertimeskh.com/501483294/kingdom-narrows-healthcare-gap-for-mothers-in-last-two-decades/
Cambodia mulls DTA talks with seven countries
Cambodia is mulling Double Taxation Avoidance (DTA) deals with seven countries, naming the Philippines, Laos, Myanmar, France, Japan, Morocco, and the United Arab Emirates, the General Department of Taxation (GDT) said in a press release last week.
Chea Vanyuth
https://www.khmertimeskh.com/501475836/cambodia-mulls-dta-talks-with-seven-countries/
Battambang bounces back with surge in rice production
Cambodia generated revenue of $870 million from both rice and paddy exports of which 80 percent of the revenue was generated from paddy export while only 20 percent came from rice, a sum of 2.64 million tonnes in the first four months this year.
Nhean Chamrong
https://www.khmertimeskh.com/501489140/battambang-bounces-back-with-surge-in-rice-production/
Koh Kong Zhejiang SEZ aims to attract 100 additional companies by year-end
Koh Kong Zhejiang Special Economic Zone (SEZ), located in Koh Kong province’s Sre Ambel district, currently hosts 28 companies and has pledged to attract 100 more by the end of 2024, according to a June 21 press release from the Council for the Development of
MRC members see 61 projects along the Mekong River and its tributaries
Cambodia and Thailand have the fewest infrastructure projects on the Mekong or its tributaries among the four member countries of the Mekong River Commission (MRC). According to the commission, there are a total of 61 projects on the tributaries and the main body of one
Niem Chheng
https://www.phnompenhpost.com/national/mrc-members-see-61-projects-along-the-mekong-river-and-its-tributaries
Cambodia’s insurance industry sees slight growth in first 5 months of 2024
An Insurance Regulator of Cambodia (IRC) report showed on Monday that Cambodia’s insurance industry recorded a gross premium of $150 million in the first five months of 2024, up 1.2 percent from $148.1 million over the same period in 2023.
Khmer Times Staff
https://www.khmertimeskh.com/501511655/cambodias-insurance-industry-sees-slight-growth-in-first-5-months-of-2024/
Building Boom Causes Asian Sand Smugglers to Expand
Singapore’s decades-long effort to reclaim land from the ocean has expanded the nation’s coastline and fueled its building boom. But it has also depleted its supply of sand. In recent years, the massive sand shortage has been worsened by export bans by neighboring countries, driving
Koh Pich Awash With Development, but Don’t Ask for Details
Business is booming on Koh Pich.
Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh.
The developer, Overseas Cambodia Investment Corp., is also extending the island by
http://www.cambodiadaily.com/news/koh-pich-awash-with-development-but-dont-ask-for-details-36411/
Brands tell GMAC to dial it down
Some of the world’s largest clothing brands have warned the Garment Manufacturers Association in Cambodia of possible business ramifications should the factory representative continue with plans to impede labour monitoring.
Thirteen major buyers, including Gap, H&M, Levi’s, Nike and Puma, have signed a letter to GMAC
Daniel de Carteret
http://www.phnompenhpost.com/business/brands-tell-gmac-dial-it-down
