$2.5b investment for Koh Norea: OCIC
Around $2.5B to be injected into the development of a new Koh Norea satellite city.
Category: Business
Flood-affected paddies may suffer shortage of water later
Agriculture minister: +50,000 hectares of paddy have been completely damaged.
Non-performing loans rise but only by a slight margin
Banking sector is still healthy with manageable non-performing loans: In Channy.
UN says Cambodian rice farming faces challenges
Much remains to be done to increase competitiveness and ensure sustainable growth.
Fiscal revenue growth revised down
The Cambodian government has revised its target for year-on-year fiscal revenue growth to 0.3% of GDP.
Airports acclaimed for cutting carbon emissions
Cambodia’s 3 int’l airports this month achieved level 2 on the carbon reduction.
Market Watch
The Cambodia Securities Exchange index has continued its downward trend yesterday, falling 1.06 points (0.16 percent).
Lee Kun-hee: ‘Hermit king’ of the Samsung empire
He seldom ventured out from the high walls of his private compound in central Seoul.
2021 draft budget sees a half billion reduction
Gov’t approves a draft annual budget of approximately $7.62 billion for the year 2021.
SME fund launched to fight economic stagnation
“SME fund” is sought to promote local SMEs to help Cambodia overcome stagnation.
Big week for Big Tech as earnings, hearings loom
The companies will seek to reassure investors.
ACLEDA hosts profitable investment seminar
A seminar which focused on profitable investment opportunities in securities sector.
Market Watch
The Cambodia Securities Exchange index has fallen to 654.76 points on Friday losing 0.8 points (0.12 percent).
Indonesian Embassy provides aid to Cambodian flood victims
Indonesian Embassy contributes 500 boxes of noodles as a relief effort against floods.
Oxfam’s Cambodia Country Director Lim Solinn speaks on inequality
Lim Solinn discusses Oxfam’s Commitment to Reducing Inequality Index (CRII) 2020.
Golf Harmony project officially launched
Soknim: The living standard of Cambodians are getting better and they are starting to find properties specifically for retirement.
No interruption on mobile service in flooded areas, says Metfone
Metfone’s technical team have stepped up efforts to maintain network coverage without significant interruption of services at the flooded areas in the event of bad weather, according to the company’s statement.
Establishment of provincial SME Park urged
The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is seeking to establish small and medium enterprise (SME) parks in each province across the country aiming at promoting local agricultural products processing.
Cambodia continues to draw FDI despite loss of EBA with another four investment projects worth $37.6 million
The Council for the Development of Cambodia (CDC) has given the green light to four more investment projects with a total investment capital of $37.6 million.
Minister reassures Cambodia’s response to COVID-19 fallouts
Vongsey Vissoth has reiterated the Royal Government of Cambodia’s promising response to the fallouts of the COVID-19.
Government targets 18% increase in state revenue for 2021
The Royal Government is aiming to increase the state revenue to 18.0 percent of GDP next year, according to the draft Budget Law for 2021.
Cambodia-Thailand bilateral trade $5.5 Billion in first nine months
Bilateral trade between Cambodia and Thailand was valued at $5,569 million up to the third quarter of this year, a year-on-year decrease of 19 percent compared to the same period last year.
Registered mango exporters ready to get certified for China’s markets
Registered mango farms and exporters are ready for a quality evaluation process for the certification to export the fruit to the markets in China.
5G will not be coming this year
The launch of 5G will not happen this year because the government is only now drafting policy and roadmap for it.
Capital gains tax delayed to 2022
The government has decided to delay the implementation of capital gains tax to Jan 1, 2022, according to a GDT statement.
Goldman Sachs fined $350 million in Hong Kong over 1MDB
Goldman Sachs was fined $350 million by Hong Kong’s securities watchdog over1MDB.
E-money app Fincy says it has zero tolerance approach to illegal activity
Fincy has commenced withdrawal from the Myanmar market circumvention allegations.
Market Watch
The Cambodia Securities Exchange index has risen to 655.56 points after rising 0.94 points (0.14 percent) yesterday.
Hotels and guesthouse owners want more relief
If things don’t change soon, many hotel owners say they will have to close.
Kingdom signs deal with US on patents
A MoU on patent cooperation, the move that will accelerate their bilateral trade.
