Thailand, Korea Mulls Hydropower & Clean Energy Investment in Cambodia
Thailand’s largest company CP Group and Cambodia’s Soma Group have considered investing in hydropower and clean energy projects in Cambodia, while the Republic of Korea’s power sector developer also expressed interest in investment in Cambodia’s power sector. According to Cambodian Prime Minister Samdech Hun Sen on 17 December, all investors expressed their intention to invest […]
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Japan Provides Fund to Conserve Bayon Temple
The Government of Japan has provided a grant of US$520,847 for the conservation and restoration of the Bayon temple while providing a total of over US$28 million under the JASA project since 1994 for similar purposes. During the 29th Plenary Meeting of the ICC-Angkor, there were also two MoUs signed been Japan and the Apsara […]
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Gov’t Approves 116 Non-SEZ Investment Projects & Over 3,000 Construction Projects in 10 Months
During the first 10 months of 2022, the Cambodian government approved 116 non-special economic zone investment projects, an increase of 24 projects. During the same period, 3,407 construction projects were also approved, a decrease of 191 projects, according to a report on socio-economic trends of the Ministry of Economy and Finance issued on 13 December. According […]
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300 trust transactions worth over US$426m recorded in Cambodia as of Dec 2022
As of 16 December, 2022, 300 administrative transactions with an estimated capital of US$426 million have been registered at the Trust Regulator, according to an official meeting on 16 December. The number of registrations has increased significantly, from 17 cases to over 300 cases, reflecting the rapid growth of the Cambodian trust sector. The 2019 […]
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Chip Mong group breaks ground on new residential project & shopping mall
Chip Mong Land and Chip Mong Retail this morning (18 December) jointly held a groundbreaking ceremony for the construction of the new residential project Chip Mong Parkland 50M III and the region’s largest shopping center Chip Mong 50M Mall. Located on Prey Sar Road or 50M road just 10 minutes from Stung Meanchey junction, both […]
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45% of Cambodia’s Total Energy Needed in Construction Sector
The United Nations Development Program (UNDP) has provided energy-saving recommendations for Cambodia, in particular for the construction sector, as this sector consumes at least 45% of the nation’s total energy mix. Through strategies and regulations, UNDP has thus far supported Cambodia with the development of energy efficiency codes, a roadmap to low-carbon, and resilient policies […]
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France to Help Expand Sihanoukville International Airport in Early 2023
Vinci Airports, a company that develops and operates major airports in Cambodia, has promised to assist Cambodia in upgrading the Sihanoukville International Airport in early 2023. The promise was made during a meeting between Cambodia PM Samdech Hun Sen and President of Vinci Airports Nicolas Notebeart on 16 December, In the meeting, Mr Notebeart expressed […]
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PM urges more French companies to invest in Cambodia
Cambodia PM Samdech Hun Sen has called on French companies to further study and seek more investment opportunities in Cambodia to maximize the benefits of bilateral and multilateral cooperations, especially in food processing, medicine and pharmaceuticals, light manufacturing, and automotive sectors. PM Hun Sen made the remark in a meeting organized by MEDEF International in […]
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Construction of Standardized Landfill in Svay Rieng officially Begin
The construction of the new standardized landfill in Svay Rieng province officially began on 16 December with the groundbreaking ceremony presided over by Secretary of State of the Ministry of Environment HE Chay Samith. Located in Ok Neak Village of Sangkat Sangkor, the landfill is being built on an area of 46,200 square meters. The […]
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Pestech Inks MoU to Build Two Solar-Based Assets in Cambodia
Locally-listed Pestech (Cambodia) plc (PCL), the subsidiary of Malaysia-based International Bhd, had signed a memorandum of understanding (MoU) with Attwood Investment Group Co Ltd (AIG) to collaborate on the development of two feasibility studies on the construction or ownership and operation of solar-based assets in Cambodia. In a filing to Bursa Malaysia on December 15, […]
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Cambodia Needs up to US$2b Fund to Reduce Greenhouse Gas Emissions
Cambodia needs approximately a US$500 million to US$2 billion fund to implement multiple strategic plans to reduce greenhouse gas emissions. HE Tin Ponlok, Secretary of State of the Ministry of Environment said during a meeting with the French Agency for Development (AFD) on 15 December, that this is part of the government’s plan to achieve […]
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Cambodia, S. Korea vow to Develop Green Building Program to Promote Carbon Neutrality by 2050
Cambodia’s Ministry of Environment and South Korea’s the Institute of Civil Engineering and Construction Technology have pledged to strengthen cooperation on bilateral green building programs, aiming to promote carbon neutrality by 2050. According to an announcement by the Ministry of Environment on 15 December, both parties also discussed the plan to continue and explore the […]
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