Gov’t Prepares Roadmap for River Port Business Linked to Sea Route
The Cambodian government is developing a comprehensive plan to manage the river port business connected to sea routes, spanning from 2025 to 2033. The Ministry of Economy and Finance has announced that they are crafting a draft framework aimed at improving and overseeing the river port business and its maritime connections. This initiative is expected to bolster Cambodia's economic growth and r...
Read MoreFeasibility Study Completed on Cambodia’s US$4bn Third Expressway Project from Phnom Penh to Banteay Meanchey
The Phnom Penh-Siem Reap-Poipet Expressway, valued at more than US$4 billion, will span 420km across six provinces, including Phnom Penh, Kandal, Kampong Cham, Kampong Thom, Siem Reap, and Banteay Meanchey. The feasibility study on this major infrastructure project, which starts at Win-Win Boulevard in Phnom Penh and ends at Poipet near the Cambodia-Thailand border, has been partially completed. ...
Read MoreCambodia Approves 1330 Construction Projects Worth US$1.81bn in Five Months of 2024
The Ministry of Land Management, Urban Planning and Construction (MLMUPC) approved 1,330 construction projects in the first five months of 2024, with a total investment capital of $1.811 billion. This marks a 9% decrease from the 1,463 projects approved in the same period last year. The construction area covered 4.27 million square metres, a 22% decline and investment capital amounted to US$1,8...
Read MoreChina’s Undersea Cable Expansion Defies U.S. Sanctions, Bolsters Domestic Production
China's undersea cable manufacturers are thriving despite U.S. trade restrictions, with Beijing's push for self-sufficiency in critical communications infrastructure fuelling growth. FiberHome International Technologies, blacklisted by the U.S. in 2020, has reported increased business due to China's drive for domestic production. "We don't need foreign technologies," a FiberHome executive told Nik...
Read MoreSunwah Group Eyes Electric Vehicle Assembly Investment in Cambodia
Sunwah Group is considering investing in the assembly of electric vehicles in Cambodia, exploring the sector's potential with keen interest. Representatives from SUN WAH PROPERTIES (CAMBODIA) CO., LTD. recently met with HE Nuth Un Vanra, Deputy Secretary General of the Cambodian Investment Committee of the Council for the Development of Cambodia (CDC), to discuss these investment opportunities on ...
Read MoreGov’t Calls on Capital-Provincial Governors for More Drug Rehabilitation Centres in Cambodia
HE Dr Sar Sokha, Deputy PM and Minister of Interior has urged capital-provincial governors to attract and support private investment projects for the establishment of drug addiction rehabilitation centres in Cambodia. This statement was made at the inauguration ceremony of His Excellency Pen Kosal as the new Governor of Tbong Khmum Provincial Board of Governors on 11 July 2024. During the cerem...
Read MoreLand Ministry Unveils Advanced Digital Land Registration System
The Ministry of Land Management, Urban Planning, and Construction (MLMUPC) has announced the launch of a new digital land registration procedure, developed collaboratively by the Digital Development Team and the Department of MLMUPC, and Cadastral Affairs of Phnom Penh, alongside the Ministry of Posts and Telecommunications. This announcement was made on 27 June 2024. In addition to the land re...
Read MoreCambodia Launches Ambitious Electric Vehicle Development Policy with Nearly 3,000 Vehicles Registered
The Government of Cambodia has launched the National Policy on the Development of Electric Vehicles Cambodia 2024-2030, with nearly 3,000 electric vehicles currently registered, according to the Ministry of Public Works and Transport on 25 June 2024. The policy aims to promote and guide the growth of the electric vehicle sector in Cambodia, featuring specific measures and clear mechanisms to be...
Read MoreConstruction Project on NR No. 71c (Tbong Khmum-Kampong Cham) Completed 3 Months Ahead of Schedule
The construction of NR No. 71c, stretching 114.62km from NR No. 7 point PK150 + 700 in Tbong Khmum province to NR No. 71 point PK30 + 400 in Kampong Cham province, has been completed 100% and is set to be officially inaugurated soon. This information was announced on the Ministry of Public Works and Transport's official Facebook page on 14 July 2024. Currently, the Ministry of Public Works and ...
Read MoreAnalysts Doubt Efficacy of China’s US$43.5 Billion Housing Initiative
China's latest US$43.5 Billion housing initiative targets the country's vacant property crisis, but analysts argue it’s insufficient to resolve the ongoing issues that have plagued the sector for nearly three years. The initiative, announced last Friday, aims to fund bank loans for state companies to purchase unsold housing stock, but concerns remain about the measure's limited scale and potential...
Read MorePhnom Penh’s Flood Mitigation Efforts Progressing: 13 Projects Achieve 6.5% Completion
Of the 50 flood mitigation projects initiated by the government to alleviate flooding in Phnom Penh over five years, 13 projects are currently underway, achieving 6.5% completion. This was announced on Prime Minister Samdech Hun Manet’s official Facebook page on 11 July 2024. According to the announcement, these 13 projects are concentrated in the most flood-prone areas, including the vicinity ...
Read MoreCCA Board Invited to Prominent China-ASEAN Electric Power Equipment Conference
The 2024 China (Chongqing) - ASEAN Electric Power Equipment Manufacturing Industry Conference on Innovation and Cooperation commenced in Fuling, Chongqing, aiming to foster green development and regional prosperity by inviting international investors to explore business and investment opportunities. This significant event took place on 9 July 2024, as per the Ministry of Information's press releas...
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