Gov’t Gifts 300 Hectares of Social Concessional Land Near Cambodian-Vietnamese Border for Veteran Families
The Cambodian Government has announced the gift of a 300-hectare social land concession located along the Cambodia-Vietnam border line to veteran families and other stakeholders, according to the statement of Svay Rieng Provincial Administration on 5 March 2023. The social land concession land is situated in Chantrea commune, Chantrea district, and Tnaot commune, Kampong Rou […]
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Cambodia & Japan Sign MOU on Cooperation, Transmission & Distribution of Energy
The Ministry of Mines and Energy (MME) and Japan Insurance and Investment Agency (NEXI) have signed a Memorandum of Understanding (MOU) on cooperation for the transmission and distribution of energy. The signing took place during the Asia Zero Emission Community (AZEC) meeting held on 3-4 March 2023, in Tokyo. The AZEC meeting was attended by […]
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Construction of US$38m Koh Pic-Koh Norea Bridge 62% Complete
The construction of the Koh Pich-Koh Norea cable-stayed bridge is now 62% complete as of 4 March 2023 according to Phnom Penh’s Department of Public Works and Transport. With a budget of US$38 million, the bridge is expected to be completed by the end of 2023, and it will serve as an important gateway connecting […]
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Sports Village is Ready for Official Inauguration on 20 April
The 2023 SEA Games Village at the Moradok Techo National Stadium in Cambodia is set to be inaugurated on 20 April 2023, in preparation for the upcoming Southeast Asian (SEA) Games. The announcement was made by HE Vath Chamroeun, Secretary General of the National Organising Committee for the 2023 SEA Games and ASEAN Para Games […]
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Trusts Register with Total Capital of US$730m as of February 2023
Cambodia’s Trust Regulator (TR) has reported that 492 trusts have been registered as of 23 February 2023, with a combined capital of US$735 million. The Commercial Trust sector has the largest number of trusts, accounting for 66% of the total registered capital at US$492 million, followed by Financial Trust at US$174 million and Public Trust […]
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Asia-Pacific GDP Forecast to Grow Slowly in 2023, Drop to 2.9% Growth in 2024
The Asia-Pacific region’s economy is expected to experience slow growth in 2023, according to a report from an Asia-Pacific Economic Cooperation (APEC) research unit. The report forecasts that the region’s GDP will expand by 3.1% this year before dropping to 2.9% growth in 2024, due to downside risks continuing to pressure recovery. “The enduring pandemic, […]
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Gov’t Plans Putting More Ferries from Koh Norea to Chroy Changvar to Facilitate Traffic
The Phnom Penh Municipal Administration has announced plans to ease traffic congestion caused by the construction of the Monivong flyover. The Department of Public Works and Transport has been assigned to study the installation of additional ferries from Koh Norea to Koh Pich, providing an alternative travel route to the Chroy Changvar area. This measure […]
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2022 Saw 19% Decrease in Financing Capital Expenses & 11% Increase in Public Budget
Cambodia’s financing capital expenditure on infrastructure development in 2022 reached only US$425 million (1,703 billion Riels), slower than the annual budget law and decreased by 19.75% compared to 2021 according to the Ministry of Economy and Finance’s report. Of the total 28.57% financing capital expenditure, domestic financing decreased by 33.50% while foreign financing decreased by […]
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Over 700km on 41 Roads Built in Takeo Over Past Five Years
Over the past five years, Takeo province has witnessed the construction of 41 national and provincial roads, spanning more than 722.47 km, according to HE Ouch Phea, Governor of Takeo province. Speaking at a press conference on “Success in 5 years” on 2 March 2023, HE Ouch Phea highlighted the province’s infrastructure developments, including six […]
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ADB Lends Laos PDR US$692.5m to Build Largest Wind Power Plant in Southeast Asia
The Asian Development Bank (ADB) has signed a financing package worth US$692.55 million with Monsoon Wind Power Company Limited (Monsoon) to construct a 600-megawatt wind power plant in the Sekong and Attapeu provinces of southern Laos PDR. The project, called “Monsoon,” will be the largest wind power plant in Southeast Asia, consisting of 133 wind […]
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Takeo Authorities Issue Over 600K Land Titles by 2022
Takeo province has made significant progress in land management and registration, with authorities announcing that a total of 645,687 land titles have been systematically registered for people in 84 communes as of 2022. This was confirmed by HE Ouch Phea, Governor of Takeo Province, on 2 March. According to the governor, the provincial administration has […]
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US$2.4-million Water Treatment Plant Breaks Ground in Kambol District
A new US$2.4 million water treatment plant, with a capacity of 5,000 cubic metres per day, has broken ground in Phnom Penh’s Kambol district. The groundbreaking ceremony was held on 3 March with HE Cham Prasidh, Senior Minister, Minister of Industry, Science, Technology and Innovation, presiding over the event. This Boeung Thom Water Treatment Plant […]
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