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September Newsletter 2022

September Newsletter 2022

15/September/2022

GENERATING "TRUST" FOR INVESTORS 

The aim of the government is to create a full-developed trust market in the country which can liberally attract foreign investment. It guided by three principles of providing certainty, security and flexibility to the investor or the ‘trustor’.

Trusts in Cambodia are turning out to be the new vehicles routing foreign investment into the country. The concept is relatively new in the Kingdom, but it has generated much interest within a short span of time that nearly 500 trust companies have queued up for registration with over USD 300 million funds in their hands.

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CDC APPROVES 149 JAPANESE INVESTMENT PROJECTS AS OF AUGUST 2022 

The Council for the Development of Cambodia (CDC) has approved 149 Japanese investment projects with a total investment capital of about USD 2.9 billion last month.

The figures were presented at the 24th Meeting of the Cambodia-Japan Joint Committee held early this month, under the chairmanship of Sok Chenda Sophea, Minister attached to the Prime Minister, Secretary-General of CDC, and Mikami Masahiro, Japanese Ambassador to Cambodia with the participation of representatives of JETRO, JICA, JBAC and Japanese companies operating in Cambodia.

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OVER 500 LOCALLY-MADE ONiON T1 ELECTRIC RICKSHAW SOLD: MANAGER 

Onion Mobility Co Ltd has reportedly sold “more than 500” units of its locally-assembled ONiON T1 electric rickshaw since pre-orders began late last year, a successful milestone in its ambitions to reduce pollution and costs of getting around in Cambodia, according to administration and human resources manager Met Sopha.

The three-wheelers are made at a factory located in Suvannaphum Investment Special Economic Zone (SEZ) of Samrong Ka’er III village, Samrong Thom commune, Kien Svay district, Kandal province. The facility was officially launched in May this year after several month of trial production.

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UYFC HOLDING "LET'S ALL GO WRAP NUM ANSOM" AHEAD OF PCHUM BEN

The Union of Youth Federations of Cambodia (UYFC) organised an event- Let's All Go Wrap Num Ansom" at its headquarters in Phnom Penh this month in celebration for the upcoming Pchum Ben festival.

Num Ansom is the traditional Khmer sticky rice cakes popularly eaten during holiday.

The event is free and open to publics, including non-UYFC members.

15 days following the harvest moon, Cambodian Buddhists observe Pchum Ben – which falls from September 11 to 26 this year – the first 14 days of which are enumerated as the first-through-14th Kan Ben Days, where families typically gather at pagodas, bringing food and other offerings for monks.

A RICH HISTORY WITH A TOUCH OF MYSTERY

Khéma’s signature dish is all about flavour and tradition, laced with a little gallic je ne sais quoi. The Steak-frites Café de Paris is an iconic dish that blends a generous portion of rustic, hearty indulgence with a slice of true French elegance. But notwithstanding the name, like other iconic French dishes [could link to the croissant story], its true origins lie across nearby borders.

Steak-Frites Café de Paris was first popularised in 1930’s Geneva and is composed of three essentials: the steak, which you are free to do with as you wish, though the tradition is an entrecôte (rib-eye), the frites, which at the time were a seriously luxury food, and the sauce that is the heart of this deceptively simple dish. The original sauce from the original Café de Paris restaurant remains a trade secret to this day, and is still distributed under licence to restaurants across France and elsewhere.