ADB provides more than US$ 32m in financing for border welfare
The Asian Development Bank (ADB) has approved $ 32.5 million in financing to improve access to quality health care in Banteay Meanchey, a border province in northwestern Cambodia. This is according to the press release on October 20, 2022, of the Asian Development Bank. This border area is an area where migrants leave and return, […]
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CCA urges Japan to help enhance standard of construction contract in Cambodia amid challenges
The Cambodian Constructors Association (CCA) has asked Japanese experts to share their experiences and help strengthen the quality of construction contract standards in Cambodia, while also encouraging Japanese investors to invest more in the construction sector. The proposal was made during a meeting between the CCA and a subsidiary of Japan’s MUFG on 17 October. […]
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CCA to cooperate with SDF organizing construction-related training courses
The Cambodia Constructors Association is planning to seek funds from Skills Development Fund (SDF) to organize construction-related training courses for members and the public in the near future. Representatives of CCA and SDF held a meeting on 11 October to discuss the procedure of requesting funds and other detailed requirements required to organize the training […]
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Construction of Siem Reap-Angkor International Airport Project 44% Complete
The construction of Siem Reap-Angkor International Airport was 44% completed by the end of September 2022, as the company is accelerating work to meet the deadline by March 2023. HE Sin Chansereyvutha, Under-Secretary of State and spokesman for the Secretariat of State for Civil Aviation, said on 20 October that the company is continuing construction […]
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PPAP Earns Over US$30m in Revenue in First 9 Months of 2022, a 21% Increase Y-o-Y
During the first nine months of 2022, the Phnom Penh Autonomous Port earned over US$30 million in revenue before auditing, an increase of 21% compared to the same period in 2021. According to the press release on 7 October, the total revenue came from port operation revenue of US25 million revenue, from the port authority […]
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Booyoung Khmer Mulls Establishing Fintech University in Cambodia
The president of the Booyoung Khmer Co., Ltd expressed his strong interest in opening a university focusing on tax and financial technology (Fintech) in Cambodia in the near future. The proposal was raised during a meeting between Mr Lee Joong Keun, President of Booyoung Group of the Republic of Korea, and HE Aun Porn Moniroth, […]
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First Chinese ‘Electric Flying Car’ Takes Off in Dubai
An “electric flying car” built by Chinese firm Xpeng Inc took off for the first time in the United Arab Emirates on 11 October with the plan to expand the product to international markets. According to Reuters, the flying car is called X2, which is a two-seater electric vertical take-off and landing (eVTOL) aircraft. X2 […]
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Kampot to Build New 2,000m Beachfront Public Park in Tuek Chhou District
Kampot Provincial Governor HE Mao Thanin unveiled a project to build a new beachfront public park, stretching over 2,000 meters long at Kampong Bay canal in Teuk Chhou district. HE Mao Thanin said during the site inspection on 18 October that the Kampot Provincial Administration has been studying the project, which is a new achievement […]
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Construction of New Road Connecting NR4 to Bokor Mountain 55% Complete
The construction of the new road connecting Bokor National Park to National Road 4 is 55.55% complete, or equal to the completion of 15km, according to the inspection by Oknha Sok Kong recently. This project was built with the support of two well-known tycoons, Oknha Sok Kong and Okhna Mong Reththy. This road is 27 […]
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Cambodia to Increase Clean Energy Mix by 35% in 2050
Cambodia has vowed to increase its clean energy mix by 25% by 2030 and 35% by 2050 while also adopting a long-term carbon-neutral strategy. HE Van Monineath, Director General of the General Department of Policy and Strategy of the Ministry of Environment, gave the statement in a roundtable discussion on the “Pathway for Sustainable Energy […]
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AEON Mall 3 Set to Open Soon
The under-construction AEON Mall 3 located in the southern part of Phnom Penh is expected to open soon, as construction is reaching 100% completion. The firm has not officially announced the opening date but has begun hiring staff with urgent status on the recruitment document. Located in Chak Angre commune, Meanchey district, this project is […]
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Expert: Real Estate Market in Cambodia Needs Three More Years to Recover to Pre-Pandemic Level
Despite the slowdown of the international economy, the real estate sector in Cambodia remains robust with a gradual positive recovery, expecting to reach pre-COVID levels within the next three years, according to Managing Director of PropNex Cambodia Thida Ann. Ms Thida explained that despite the challenges, the Cambodian economy is still growing at around 5% […]
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