Over 97% of 7M Land Title Registration Complete as PM urges to Complete100% by 2023

The land registration process in Cambodia is almost complete, with over 97 percent of the total 7 million land titles registered nationwide, according to a statement from HE Chea Sophara, Deputy Prime Minister and Minister of the Ministry of Land Management, Urban Planning, and Construction. This achievement provides long-term security for Cambodian landowners and investor confidence. During a ...

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New US$60 Million Ministry of Interior Headquarters Nears Completion at Over 80%

Construction on the new Ministry of Interior headquarters in Phnom Penh is over 80% complete and is on track to finish by the end of June 2023. The progress of the construction was reviewed in a meeting on 29 March 2023. The new office building, which is being built on the old site along Norodom Street in Tonle Bassac, Chamkarmon, will replace the current headquarters and cost over US$60 millio...

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K (Cambodia) Co Ltd Launches $7M ISUZU Vehicle Assembly Plant in Kampong Speu

K (Cambodia) Co Ltd's $7 million ISUZU vehicle assembly plant in Kampong Speu province has been officially opened by HE Sok Chenda Sophea, Secretary General of the Council for the Development of Cambodia (CDC), on 29 March 2023. The plant was approved by the CDC in early 2022 and is expected to create 166 new jobs in the area. The Council for the Development of Cambodia (CDC) notices issued in ...

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Mizuda Waste Management Eyeing Investment in Phnom Penh Waste-To-Energy Project

Chinese-owned Mizuda Waste Management Co Ltd is considering an investment in a waste-generated power project in Phnom Penh, according to the CEO of Mizuda Shan Jian Ming. The company is one of three garbage collection firms operating in the Cambodian capital. During a meeting with Phnom Penh Governor HE Khuong Sreng on 28 March 2023, Mr. Shan Jian Ming expressed confidence in the Cambodia gover...

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Private Companies Raise US$307M from Stock Market for Infrastructure Development by Early 2023

Private companies investing in the Securities and Exchange Regulator of Cambodia (SERC) have raised approximately US$307 million from the stock market by early 2023. The capital raised will be used for the development of infrastructure in the country, according to a report released by SERC on 28 March 2023. The report highlights the intended use of the proceeds, including developing clean water...

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JICA signs US$30m additional grant to expand water supply system in Svay Rieng

The Japan International Cooperation Agency (JICA) has signed an amendment to a grant agreement with the Ministry of Economy to expand the water supply system (WSS) in Svay Rieng province worth more than US$30m (3,986 million yen). The agreement was signed by His Excellency Aun Porn Moniroth, Minister of Economy and Finance, on 21 March 2023. The grant aims to maintain the stability of the water...

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Banteay Meanchey needs 115 kilovolts of power while currently can produce only 30 kilovolts

Banteay Meanchey province is experiencing an electricity shortage, as it currently produces only 30 kilovolts while the province needs about 115 kilovolts of electricity. This was revealed by HE Oum Rath, the Governor of Banteay Meanchey province, during a press conference on "Success in the past 5 years" held on 28 March 2023. HE Oum Rath confirmed that the government has been purchasing energ...

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How Cambodian Migrants’ US$2.7B Contribute to Real Estate Investment and Economic Growth

More than 1.3 million Cambodians living and working overseas contribute to their home country's economic growth by remitting approximately US$2.7 billion annually to their families. The remittances, which are often invested in the real estate sector and saved for future business opportunities, support the well-being of working families. According to a report from the Ministry of Labour released...

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Banteay Meanchey Received Almost US$1.5M Daily from Customs Revenues

Banteay Meanchey province has earned almost US$1.5 million in customs revenue daily, making it one of the most successful provinces in Cambodia in this regard. This was announced by HE Um Reatrey, Governor of Banteay Meanchey province, during a press conference held on 28 March 2023. “Based on the data of the customs branch reported, in some months, Banteay Meanchey ranks first in the country i...

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The modern and biggest, Techo Aphivadh Building at Calmette Hospital set to open in May 2023

The largest and most modern hospital in Phnom Penh, the Techo Aphivadh of Calmette Hospital, is nearly complete and expected to open in May 2023. The 12-story multi-speciality centre has more than 42,000 square meters total and can accommodate up to 328 beds. According to HE Professor Mam Bun Heng, Minister of Health, the construction work on the building is more than 98% complete. During a pro...

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GOV’t Aims to Reduce Energy Consumption in Housing by 34% by 2030

According to official figures, Cambodia's urban population is projected to increase significantly by 2030. This, coupled with the growth in housing, has led the government to set a national policy of reducing energy consumption in the residential sector by 34% from 17,981 GWh to only 11,826 GWh. The announcement was made as part of the implementation of the National Policy on Energy Efficiency 202...

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CRBC to Conduct Study on Phnom Penh-Siem Reap Expressway Project

China Bridge and Road Corporation (CRBC) has expressed its interest in conducting a feasibility study for the third expressway project connecting Phnom Penh to Siem Reap. The CRBC submitted a letter to the Ministry of Public Works and Transport on 24 March 2023, to initiate the study, per letter No. 1335. The letter stated that the Chinese construction giant will commence the study of the const...

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