Cambodia requests S.Korea to help develop water transport infrastructure
The Minister of Public Works and Transport HE Sun Chanthol has requested the Korea Economic Cooperation Fund (EDCF) to consider the feasibility of assisting in the development of the waterway transport system in Cambodia. This proposal was made during a courtesy meeting between Ms Minnie Chey, New EDCF Country Director for Cambodia and HE Sun […]
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New Road Connecting NR4 to Bokor Mountain Set to be Built Soon
A new 27-kilometre road connecting NR4 at km158 + 200 to Bokor Mountain is set to be built soon after two tycoons have agreed to cover the construction cost. The agreement was made during the meeting between Okhna Sok Kong, Okhna Mong Reththy, and Minister of Land Management, Urban Planning and Construction HE Chea Sophara […]
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Construction of Russey Keo-Chroy Changva Concrete Bridge 63% Complete
Construction of the concrete bridge across the Tonle Sap River from NR5 in Khan Russey Keo to NR6 in Khan Chroy Changvar is now 63.7% complete, according to the Department of Public Works and Transport of Phnom Penh on 25 January. This concrete bridge is being built parallel with the temporary iron bridge. After the […]
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Chinese Firm Mull Setting Up Electric Car Assembly Plant in Koh Kong
China Matrix Technology Group-Horche Intelligent Automobile plans to invest in setting up a factory to assemble electric vehicles in Koh Kong province, according to an online meeting between relevant parties on 22 October. The objective of the Chinese firm in this meeting was to study the feasibility, and understand the land and legal environment, human […]
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Ground Broken on Renovation of Six Roads in Battambang
Renovation of six roads in Battambang city has officially begun with the ground-breaking ceremony presided over by Battambang Governor HE Sok Lou on Tuesday 25 January. The six roads will go through a deep repair process and be repaved with DBST. Those roads include St No.526, St No.614, St No. 530, St No.716, St No.139, […]
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US$297-million Tyre Production Factory Approved for Sihanoukville SEZ
The Council for the Development of Cambodia (CDC) has recently given a permit to General Intelligence (Cambodia) Co., Ltd. to invest US$297 million in building a tyre production factory in the Sihanoukville Special Economic Zone. According to the CDC announcement on Tuesday 25 January, the investment project will create over 540 jobs for locals while […]
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MPWT to Build EV Charging Stations on PP-SHV Expressway & 15 Others Nationwide
The Ministry of Public Works and Transport (MPWT) plans to establish at least 15 electric vehicle charging stations on the PP-SHV expressway and other potential spots nationwide to boost the usage of EVs in Cambodia. This project was discussed in a meeting between MPWT Minister HE Sun Chanthol and delegation of the Cambodian Automobile Industry […]
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Gov’t Requests Samsung C & T to Build Expressways & Mass Transit System in Cambodia
Samsung C & T Corporation has expressed interest in investment in transport infrastructure in Cambodia to contribute to the development of this sector. The remarks were made by the delegation of Samsung C & T Corporation led by Mr Han Jung Suk in an online meeting with HE Leng Thun Yuthea, Secretary of State of […]
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MEF Requests to Postpones Capital Gains Tax Collection to 2024
The Ministry of Economy and Finance has submitted a request to the Prime Minister Samdech Hun Sen to extend the implementation of the capital gains tax for another two years until 2024. HE Nop Sothonvichet, Ministry of Economy and Finance’s spokesman, said on 24 January that the request is to participate in the implementation of […]
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Retail to Go Through Major Adjustment in 2022 with Over 190K sqm Supply Expected: CBRE
Given the uncertainty of the pandemic, the retail sector remains under pressure in 2022, with the new shift towards professionalisation and new retail design concepts to stay alive in the competitive market, according to the recent CBRE yearly report. In 2021, the retail market was severely impacted by the pandemic with a sharp reduction of […]
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CBRE: Less Supply Expected for 2022 Residential Market; Buyer Behaviour Shifts
In 2022, the residential market will see fewer new launches, while promotions and offers will continue to occur as a mechanism for the market to absorb oversupplied units stemming from the sharp drop of foreign investors, according to the recent CBRE yearly forecast report. In the meantime, local home buyers will also change their value […]
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Cambodia’s Industrial & Logistics Sector to Shift Toward Specialisation & Greener Production
The industrial and logistic sector is expected to grow significantly in 2022 thanks to competitive operating costs and extensive and continuous government infrastructure development projects nationwide despite the pandemic, according to CBRE yearly report issued recently. The report added given the high growth potential, the sector will shift toward specialisation. Industries including agroindustry/processing, organic products, […]
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