Cambodia will host the Seventh Regional Comprehensive Economic Partnership Intersessional Ministerial Meeting next month to discuss negotiations over issues of market access for goods, services, and investment and provide guidance to negotiators. The ministers will resume discussions following the 25th round of negotiations for RCEP which is being held now...
A commission has been established to supervise the development of a $1.5-billion airport that will serve the Cambodian capital. On Monday, Prime Minister Hun Sen affixed his signature to a directive that creates a special commission assigned to the airport project, a spokesman of the State Secretariat of Civil Aviation...
Foreign Affairs Minister Prak Sokhonn and Japanese Ambassador to Cambodia Hidehisa Horinouchi yesterday signed the Exchange of Notes on extending support for two development projects in the Kingdom. The signing ceremony for the Japanese funding of more than $43 million was held at the Ministry and attended by senior officials...
Construction of Mondulkiri’s first major national park began on Tuesday with a budget of $10 million. Sen Monorom Recreational Park will be located on a 20-hectare site that used to be an airport. Svay Sam Eang, the provincial governor, said it will be a Khmer-style park, with numerous plant species that...
Kerry Logistics Network Limited announced a new joint venture with E-Services Group (‘ESG’), an international e-commerce company, to strengthen global e-commerce fulfillment capabilities in Asia. Kerry Logistics has identified cross-border e-commerce, particularly between the Greater China region and Asean, as a major growth sector, the company said in a press...
The government is gathering input from the private sector and development partners to amend the country’s Investment Law and make the country a more attractive destination for foreign investment. It will be the second amendment to the Investment Law, which was promulgated in 1993 and first revised in 2003. Speaking at...
Trade ties between Cambodia and Vietnam were strengthened on Wednesday following a meeting between high-ranking commerce officials in which both countries agree to drop tariffs on a number of goods. Vietnam also agreed to expand its quota of Cambodian rice to 300,000 tonnes and tobacco leaves to 3,000 tonnes. These are...
A groundbreaking ceremony was held on Thursday for a $230 million 62-storey twin building project in Phnom Penh, scheduled to be completed by 2023. The project is a joint venture between Royal One, a subsidiary of Kith Meng’s The Royal Group, and Sichuan Huashi Group Co Ltd (Huashi Group), a...
Prime Minister Hun Sen yesterday said the launch of the first direct flight between Cambodia and Indonesia will spur growth in tourism, trade and investment between the two Asean member states. Indonesia and Brunei are the only Asean members that lack a direct air link with the Kingdom, but Indonesian...
OTK Royal One, a subsidiary of local conglomerate Royal Group, started construction yesterday of Royal One, a twin-building project with an investment capital of $230 million. The buildings, each one to reach 68 storeys high, are located in prime real estate in the corner of Russian Boulevard and Monivong Boulevard,...