Renowned Swedish Furniture Brand IKEA Available in Cambodia Next Week
Swedish furniture IKEA brand will be available for sale in Cambodia for the first time next week at SCG Design Village in Sen Sok district. According to SCG Design Village, in the first stage, the presence of IKEA in Cambodia is the sale of IKEA products inside SCG Design Village, without an actual IKEA store […]
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Mortgaged Amount Reaches US$6.4bn as of December 2021, 26% Rise Y-o-Y
As of the end of 2021, the amount of mortgage loans in Cambodia was recorded accumulatively at US$6.4 billion, accounting for 54.15% of the total consumer loan balance, according to a recent report by the Credit Bureau Cambodia (CBC). This mortgage value represents a 26% increase compared to the accumulative value as of the end […]
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Cambodia Requesting UNSECO to List Koh Ker Temple as World Heritage Site
The Cambodian government is requesting the UNSECO to include Koh Ker temple in the UNESCO World Heritage List and Intangible Cultural Heritage List. Minister of Culture and Fine Arts HE Phoeurng Sackona said on 9 February that the request has been submitted and Cambodia is waiting for the result. The request was submitted along with […]
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Mine-Shaped Museums to be Constructed in Siem Reap & Kampong Chhnang
The Cambodian Mine Action Centre plans to build mine-shaped museums in Siem Reap and Kampong Chhnang under the support of JICA. HE Heng Ratana, Director-General of the Cambodian Mine Action Center, discussed the project with the JICA advisory council team on Thursday 10 February. The discussion focused on researching and evaluating the needs for the […]
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Gov’t Approves Two New Investment Projects Worth US$8 million for PP & K. Speu
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest nearly US$8 million to build two new factories in Phnom Penh and Kampong Speu. According to the CDC announcement on 10 February, the two companies are: 1- XING KAI SEN GARMENT CO., LTD which will invest US$2.2 million to […]
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New Khmer-Thai Border Checkpoint to be Built in Pursat’s Thma Da Commune
The Ministry of Public Works and Transport (MPWT) plans to build a new Khmer-Thai border checkpoint known as Thma Da International Border Gate in Pursat’s Veal Veng district. This project is in line with the development of NR51 connecting downtown Pursat to the border area, and the under-construction NR10 connecting Koh Kong to Battambang. MPWT […]
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MPWT Requests Canada to Help Advise on Phnom Penh Mass Transit System Project
The Minister of Public Works and Transport has asked Canada to help develop a strategy for the development of a Phnom Penh mass transit system including the AGT, subway, and monorail. The proposal was made during a working meeting between MPWT Minister HE Sun Chanthol and Ambassador of Canada to Thailand, Laos and Cambodia Dr […]
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Ground Broken on US$30-million Drainage System & Wastewater Treatment Plant in Battambang
The Battambang Provincial Administration has broken ground on the drainage system and wastewater treatment plant project in Battambang City to address challenges posed by rapid urban development. The ground-breaking ceremony was held on 10 February in the presence of HE Sok Lou, Governor of Battambang province. According to the Battambang provincial administration, the project will […]
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JS Land Plc Officially Becomes First Real Estate Company Listed on Cambodian Stock Exchange
JS Land PLC, Cambodia’s first real estate development firm registered on the Cambodia Securities Exchange (CSX), officially announced the sale of shares on the local stock exchange from today onwards. JS Land PLC plans to raise approximately 46 billion riels or about US$12 million, with the price starting from 1,900 riels per share. Speaking at […]
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NagaCorp Posts GGR of US$224 million in 2021, 74% Drop Y-o-Y
NagaCorp, the company behind Phnom Penh’s largest casino NagaWorld, has posted Gross Gaming Revenue (GGR) of US$223.5 million in 2021, a 74% decrease compared to the amount earned in 2020. Despite a longer business closure period in 2021 (about 6.5 months) as compared to 2020 (about 3.5 months), the company witnessed a quicker recovery of […]
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Construction of NR2 & NR22 Delayed Further
The contracted firm building NR2 and NR22 has asked for another four-month project completion delay, citing a lack of construction machinery. HE Sun Chanthol, Minister of Public Works and Transport, said on 9 February that the ministry is evaluating the request. “The construction company has asked for a delay of about 4 months. We have […]
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US$10-million Large-Scale Hospital Complex in Kandal 12% Complete
The construction of Techo Sen Koh Thom Hospital in Kandal’s Koh Thom district was 11.88% complete as of early February, according to the Ministry of Public Works and Transport (MPWT)’s announcement on Thursday 10 February. With ground broken on 7 January, the project is being built on an area of 1.3 hectares, with three new […]
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