Japan to Loan the Philippines US$2.2bn for Metro Manila Rail Project
The Japanese government, via the Japan International Cooperation Agency (JICA), has agreed to loan $2.2bn to the Philippine government for the first phase of its Metro Manila subway rail scheme, reported GCR. The project will include 15 underground stations and around 27km of track between Valenzuela City in the north of Metro Manila and Pasay City […]
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AMK Invests US$1m in CAIC Bond to Support Techo International Airport Construction
AMK Microfinance Institution Plc. invested US$1 million on 6 May 2022 in the Techo International Airport Guaranteed Bond through private placement. The funds raised from Techo International Airport Guaranteed Bond will be used for the construction and development of Techo International Airport in Kandal province. The coupon rate of CAIC bond is 5.5% per annum […]
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Demand for larger condominium units is poised to remain strong
The property market is predicted to see steady strong demand for larger condominium units, despite the limited number of new condominium developments in the market, or higher prices for smaller units in new developments. Consumers are now eager to purchase larger condominium units, which contain larger living areas with some space for a workstation or […]
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Gov’t Approves Six Investment Projects Worth Over US$150m in PP, Kandal, Kampong Speu, Takeo & Sihanoukville Provinces
The Council for the Development of Cambodia (CDC) has approved private investments of more than US$152.6 million to establish five factories and a business center in Phnom Penh, Kandal, Kampong Speu, Takeo, and Sihanoukville. According to the Prakas of the Council for the Development of Cambodia on 5 May 2022, there are six companies that […]
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Ministry of Mines and Energy urges to convert coal-fired power plant to LNG power plant
The Ministry of Mines and Energy has been pushing for the conversion of coal-fired power plants into LNG-fired power plants, in line with Cambodia’s commitment to fighting climate changes. The remark was made by HE Suy Sem, Minister of Mines and Energy in a meeting with HE Jyri Jarviaho, the new Ambassador of Finland to […]
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6,000-Metre Avenue in Kep National Park Officially Inaugurated
A 6,000-meter-long concrete avenue named “Bopha Prasidh Avenue” around the Kep National Park has been officially inaugurated, which will serve the tourism sector in Kep province. The inauguration ceremony was held on 4 May in the presence of HE Say Sam Al, Minister of Environment, HE Cham Nimol, Secretary of State of the Ministry of […]
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Ground Broken on US$1.5 billion International Port in Kampot Province
Construction began on an international deep-sea port in Kampot province on Thursday 5 May 2022 with an investment of US$1.5 billion, which will be a major connection for Cambodia’s maritime transport. The ground-breaking ceremony for the international deep-sea port was held on 5 May under the auspices of Deputy Prime Minister HE Chea Sophara, Minister […]
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Donaco International Seeks US$5 Million Loan for DNA Star Vegas in Poipet City
Border casino operator Donaco International Ltd says its directors have approved a new loan facility of US$5 million to support DNA Star Vegas in Poipet city, the GGRASIA reported on 3 May. The Monday 2 May announcement came as the firm passed the two-year milestone regarding the temporary closure of what had been its main […]
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Hong Lai Huat to Sell Up To US$50m Worth of D’Seaview Units in Cambodia
Hong Lai Huat, on 4 May, announced that it has entered into a term sheet with Fabi Capital, where it will grant the latter the right to purchase up to US$50 million worth of residential and commercial units in D’Seaview. D’Seaview is the company’s upscale mixed-use development project located in Cambodia’s Sihanoukville province. It comprises […]
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Cambodia Requests France to Study Feasibility of Rail Transport System in Phnom Penh
The Ministry of Public Works and Transport has requested the French Development Agency (AFD) to review the feasibility study of a tramway system in Phnom Penh to help reduce traffic congestion. The proposal was made during a working meeting on 3 May 2022 between HE Sun Chanthol, Senior Minister and Minister of Public Works and […]
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Foreign Direct Investment in Real Estate to Reach Nearly US$5 billion in 2021
Foreign direct investment in the real estate sector totaled US$4.9 billion in 2021, while the construction sector received an FDI investment of US$ 1.6 billion. Investment from China ranked top with a total investment value of US$18 billion, of which investment in real estate accounted for 10.7% and construction accounted for 5.2%, according to a […]
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MME & JICA to Form Roadmap for Clean Energy Transition Towards Being Carbon Neutral
The Ministry of Mines and Energy (MME) and the Japan International Cooperation Agency (JICA) have signed a minute on the implementation of a clean energy transition roadmap for Cambodia to become carbon neutral. The road map on the clean energy transition forward carbon neutrality refers to the use of clean energy, such as solar, wind, […]
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