Private Companies Raise US$307M from Stock Market for Infrastructure Development by Early 2023
Private companies investing in the Securities and Exchange Regulator of Cambodia (SERC) have raised approximately US$307 million from the stock market by early 2023. The capital raised will be used for the development of infrastructure in the country, according to a report released by SERC on 28 March 2023. The report highlights the intended use […]
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JICA signs US$30m additional grant to expand water supply system in Svay Rieng
The Japan International Cooperation Agency (JICA) has signed an amendment to a grant agreement with the Ministry of Economy to expand the water supply system (WSS) in Svay Rieng province worth more than US$30m (3,986 million yen). The agreement was signed by His Excellency Aun Porn Moniroth, Minister of Economy and Finance, on 21 March […]
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Banteay Meanchey needs 115 kilovolts of power while currently can produce only 30 kilovolts
Banteay Meanchey province is experiencing an electricity shortage, as it currently produces only 30 kilovolts while the province needs about 115 kilovolts of electricity. This was revealed by HE Oum Rath, the Governor of Banteay Meanchey province, during a press conference on “Success in the past 5 years” held on 28 March 2023. HE Oum […]
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How Cambodian Migrants’ US$2.7B Contribute to Real Estate Investment and Economic Growth
More than 1.3 million Cambodians living and working overseas contribute to their home country’s economic growth by remitting approximately US$2.7 billion annually to their families. The remittances, which are often invested in the real estate sector and saved for future business opportunities, support the well-being of working families. According to a report from the Ministry […]
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Banteay Meanchey Received Almost US$1.5M Daily from Customs Revenues
Banteay Meanchey province has earned almost US$1.5 million in customs revenue daily, making it one of the most successful provinces in Cambodia in this regard. This was announced by HE Um Reatrey, Governor of Banteay Meanchey province, during a press conference held on 28 March 2023. “Based on the data of the customs branch reported, […]
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The modern and biggest, Techo Aphivadh Building at Calmette Hospital set to open in May 2023
The largest and most modern hospital in Phnom Penh, the Techo Aphivadh of Calmette Hospital, is nearly complete and expected to open in May 2023. The 12-story multi-speciality centre has more than 42,000 square meters total and can accommodate up to 328 beds. According to HE Professor Mam Bun Heng, Minister of Health, the construction […]
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GOV’t Aims to Reduce Energy Consumption in Housing by 34% by 2030
According to official figures, Cambodia’s urban population is projected to increase significantly by 2030. This, coupled with the growth in housing, has led the government to set a national policy of reducing energy consumption in the residential sector by 34% from 17,981 GWh to only 11,826 GWh. The announcement was made as part of the […]
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CRBC to Conduct Study on Phnom Penh-Siem Reap Expressway Project
China Bridge and Road Corporation (CRBC) has expressed its interest in conducting a feasibility study for the third expressway project connecting Phnom Penh to Siem Reap. The CRBC submitted a letter to the Ministry of Public Works and Transport on 24 March 2023, to initiate the study, per letter No. 1335. The letter stated that […]
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Siem Reap’s New $115 Million Water Treatment Plant Nears Completion
Siem Reap is set to open a new US$ 115 million water treatment plant in May 2023, which has reached 99% completion, according to the Siem Reap Water Supply Authority on 27 March 2023. The new water treatment plant is located in Sangkat Chreav and covers an area of 4 hectares with a capacity of […]
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Integ Capital Launches US$3 Million Ream Business Community Development Project in Sihanoukville
Integ Capital, a renowned real estate development company, officially launched the Ream Business Community Development Project in Sihanoukville on 25 March 2023. The project was inaugurated by Mr. Em Pheap, Deputy Governor of Sihanoukville, and Mr. Chin Chanchhaya, the project owner, among other notable guests. The Ream Business Community Development Project, which spans over 7 […]
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New US$1.3m bridge across Stung Sen brings relief to locals
A new bridge across Stung Sen, dubbed “Sampov Trai Lok Trai Leak,” was officially inaugurated on 26 March 2023. The $1.3 million construction project, gifted by Samdech Hun Sen, Prime Minister of Cambodia and Samdech Bun Rany Hun Sen, spans 180 meters by 8.8 meters and connects Tbong Krapeu commune, Santuk district to Prek Kuy […]
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Two bridges in the Boeung Tumpun satellite city project worth US$ 5m began construction
The development of Phnom Penh’s Boeung Tumpun-Choeung Ek satellite city project continues with the construction of two new bridges, costing a total of $5 million. The concrete structures, with a combined length of 180 meters and a width of 28.5 meters, will be situated on Neak Oknha Moha Pheakdey Boulevard and Hun Neang Blvd in […]
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