The government welcomes investment from Germany in the Kingdom’s solar and renewable energy sector as local demand for electricity continues to rise between 15 to 20 per cent annually, Ministry of Mines and Energy official Victor Jona said on Tuesday in Phnom Penh. Jona, who is the director-general of the ministry’s General Department of Energy, […]
Read MoreThailand’s Bank of Ayudhya is looking to expand ‘Quick Respond’, a QR code-based payment system, to Cambodia, among other countries in the region. Bank of Ayudhya, also known as Krungsri, said it is looking to make the cross-border, QR-code payment system available in Cambodia, Lao and Vietnam, Bangkok Post reported on Wednesday. “The bank has […]
Read MoreCambodia is finding it hard to shake off its reputation as a ‘haven’ for dirty money. Despite the government’s best efforts, the Kingdom remains among the countries most vulnerable to the flow of illegal money, according to the latest report coming from the Financial Action Task Force (FATF). The Paris-based FATF is a global money […]
Read MoreSihanoukville, once a sleepy beach town that has experienced tremendous growth in recent years fueled mostly by Chinese investment, will soon boast two new shopping malls. Furi Times Square, a $10 million joint venture between Furi Real Estate and investors from Macau and Hong Kong, will open its doors to the public next month. Speaking […]
Read MoreStarting Friday, the commerce departments in Takeo, Kampot, and Koh Kong will be able to issue the ‘D form’ of the certificate of origin (CO), facilitating export operations for traders in the provinces. With effect from Nov 1, exporters and traders in Takeo, Kampot, and Koh Kong no longer have to travel to the capital […]
Read MoreThe long-anticipated direct flight service between Phnom Penh and Danang in central Vietnam has already started. A Cambodia Angkor Air Airbus A-320 aircraft bearing 120 passengers took off from Phnom Penh International Airport past 2:00 pm yesterday for the inaugural flight and landed at Danang International Airport around 3:10 pm on the same day. Among […]
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