Pursat’s Krakor District to Host Kingdom’s Largest Solar Farm Cluster & Emerging SEZ
A private company firm will invest in building an additional 150MW solar power plant on top of the existing 90MW plant in Sna Ansa commune, Krakor district, Pursat province. The expansion project will make Krakor district host a cluster of solar plants with over 240MW power, the largest in the Kingdom. Director-General of Electricite du […]
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New Stadium in Pursat Province Inaugurated
The new stadium in Pursat Province’s Phnom Kravanh district was officially inaugurated by Pursat Governor HE Chiao Tay and Secretary of State of the Ministry of Mines and Energy HE Tin Norin on Saturday 15 January. Construction on the new stadium began in 2018 and was completed in 2021 with a national budget of over […]
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Koh Kong Authority Confiscates 102ha of Illegally Encroached Land
The Koh Kong Provincial Administration has confiscated 102 hectares of land in Tuol Kokir Kraom village, Tuol Korkir commune, Mondol Seima district from illegal encroachers and converted it back to state private land. According to the decision No. 005/22 dated 14 January 2022, the authority also nullified all titles deeds, or any ownership documents related […]
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International Business Chamber to Help Digitise Public Works & Transport Sector
The International Business Chamber of Cambodia (IBC) will support the Ministry of Public Works and Transport (MPWT) in digitising the public works and transport sector through the Telegram Bot. The meeting between the two parties was held on 14 January and joined by the Director of the Department of Information Technology and Public Relations Heang […]
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Two Investment Projects Worth US$22 Million for Sihanoukville & Takeo
The Council for the Development of Cambodia (CDC) has given permits to private firms to invest over US$22 million, setting up two factories in Sihanoukville and Takeo. According to the CDC’s announcement on 14 January, the two firms include: YH FINE MATERIALS CO., LTD to establish a micro silica & silica powder factory in Prek […]
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Alpha Commercial Bank Invests US$10m in New PP Airport Bonds
Alpha Commercial Bank PLC has invested US$10 million in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport in Kandal province. The agreement was signed was held on Friday 14 January by CAIC Director Charles Vann and Alpha Commercial Bank PLC Chairman Oknha Ly Kunthai […]
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US$230-million 45-storey Chip Mong Tower Building Topped Off
Chip Mong Group held a topping-off ceremony on Friday 14 January for the 45-storey Chip Mong Tower, an international mixed-use commercial building with an investment of US$230 million, located along Russian Blvd in Phnom Penh city. Neak Oknha Leang Khun, Co-Founder and Chairman of Chip Mong Group, said that the completion of the structure to […]
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Cambodia Refines Nearly 1,500kg of Gold Ore in 7 Months
Australian firm Renaissance Limited (Cambodia), which received a license to operate Cambodia’s first commercial-scale gold mining in Mondulkiri province, has refined nearly 1,500kg of gold ore in seven months. The amount of gold ore was presented by HE Suy Sem, Minister of Mines and Energy during a hand-over ceremony of the ministry’s building to the […]
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Expert: Industrial & Logistics Sectors Most Attractive Market for 2022 Despite Uncertainty
CBRE Cambodia Managing Director James Hodge said that the industrial and logistics sectors will be the most attractive market in 2022 although other real estate sub-sectors and the overall market remain under pressure and uncertainty. Mr Hodge added that due to external factors caused by the pandemic, even though Cambodia has already reopened the country, […]
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Residential Demand Slowly Returns to Sihanoukville
By Eric Wong Chon Lap Sihanoukville has brought some life back, after the Cambodian government decision to lift the ban on flights from other countries, and having to depend solely on the domestic market for almost two years. While there may not be a large number of tourism or business traveler arrivals to the city […]
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Land Ministry: Over 2,300 High-Rise Buildings Constructed Nationwide as of 2021, Indicating Rapid Growth
In 2021, there were 212 buildings with five storeys and up registered in Cambodia, and from 2000 to 2021, there were 2,392 buildings with five storeys up. According to a report by the Ministry of Land Management, Urban Planning and Construction, there are 148 buildings from 5 to 9 floors, 50 buildings from 10 to […]
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Draft Sub-decree on Engineer Ethics Being Finalised, Set to be Enforced Soon
The Ministry of Labour and Vocational Training is finalising the draft of the sub-decree on engineer ethics before submitting it to the cabinet for review and approval. The progress meeting was held on 11 January and chaired by HE Ith Sam Heng, Minister of Labour and Vocational Training. According to the minister, the draft of […]
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