Could Chroy Changvar District Become Phnom Penh’s Next CBD?
Chroy Changvar district is situated in the northern part of Phnom Penh City with a total population of more than 159,000. It has a land area of 85 square kilometers and is divided into five communes: Chroy Changvar, Bakheng, Prek Leab, Koh Dach and Prek Tasek. Of all Phnom Penh’s suburbs, Chroy Changvar is considered […]
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Expert: Condo Market Recovery Uncertain in 2022, Pending Greater Foreign Investment Inflow
Due to the impact of the COVID-19 pandemic, the condo market in Cambodia has been hit hard for two years in a row, 2020 and 2021. 2021 has been even worse than 202o given lockdowns and the widespread new variants. Cambodian real estate expert and chairman of KW Cambodia Dr Kim Heang has projected that […]
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35-Storey GDCE Building Officially Inaugurated 23 December
Prime Minister Samdech Hun Sen on Thursday 23 December officially inaugurated the 35-storey administration building of the General Department of Customs and Excise (GDCE) along with two other buildings— the National Customs School and the Customs Museum. Built on the old site in front of the National Bank of Cambodia on Norodom Blvd, the GDCE […]
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Tax Exemption for COVID-19 Affected Businesses Extended to June 2022
The Cambodian government has decided to extend tax exemption to the tourism, hospitality, and other COVID-19 affected businesses from March to June 2022. This exemption is to provide additional support to the relevant businesses to improve and be ready to welcome national and international tourists after Cambodia is fully reopened to foreign vaccinated tourists. The […]
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Construction to Begin on New Large-Scale Hospital Complex in Koh Thom in January
Construction on the new Techo Sen Koh Thom Hospital building is set to begin in January 2022, according to the meeting of the construction committee and relevant officers from the Ministry of Public Works and Transport on 21 December. The project includes the construction of three new buildings with a total area of over 12,500sqm. […]
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Over 140 Hectares of Boeung Ta Mok Land Allocated to the Ministry of Justice
The government has reclassified 140 hectares of Boeung Ta Mok Lake from state public property to state private property and handed it over to the Ministry of Justice. This allocation was made through a sub-decree signed by Prime Minister Hun Sen dated October 2021. This is the second time the government allocated a land plot […]
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Construction Begins for New US$25-million National Assembly Building
Construction has officially begun for the new US$25-million administration building of the National Assembly. The ground-breaking ceremony was presided over by President of the National Assembly of Cambodia Samdech Heng Samrin and President of the Socialist Republic of Vietnam HE Nguyen Xuan Phuc on 21 December. The building is being constructed under a grant from […]
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Plan to Construct Chak Angre Krom- Prek Pra Bridge Receives Approval from PM Hun Sen
The plan to build a new bridge as an alternative to the heavily congested Monivong Bridge across the Bassac River connecting Chak Angre Krom and Prek Pra communes has already been approved by Prime Minister Hun Sen. The update of the plan was confirmed by the Minister of Public Works and Transport HE Sun Chanthol […]
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Royal Group Acquires 45.09% of Phnom Penh SEZ, Becoming Biggest Shareholder
Inter Logistics (Cambodia) Co Ltd, a subsidiary of the Royal Group, has acquired 45.09% of Phnom Penh SEZ Plc (PPSP) and now becomes the largest shareholder of the company. In a press release issued on 21 December 2021, Neak Oknha Kith Meng, chairman of the Royal Group and Inter Logistics (Cambodia), said that the acquisition […]
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NBC: Total Credit Reaches US$44.9 billion by Q3 2021; Construction Contributes 25.6%
By the end of the third quarter of 2021, total domestic credit provided by banking and financial institutions reached US$44.9 billion, an increase of 23% compared to the same period last year, according to a National Bank (NBC) report on 20 December. Among all, credit given to the construction sector was at US$11.5 billion, or […]
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New Flyover Set to be Built at Century Plaza Intersection
The Phnom Penh Municipal Administration plans to build a new flyover at the Century Plaza Market intersection to ease the traffic congestion on Russian Blvd, St. 2004, and St. 2011. The project was discussed in a meeting held on 20 December, led by Phnom Penh Governor HE Khuong Sreng, with relevant departments and officials in […]
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Japan Provides Grant Aid to Build Schools, Water Resources & Irrigation System
The Japanese government has provided more than US$280,000 in grant aid to three Cambodian provinces including Steung Treng, Ratanakiri and Kampong Speu to build schools and rehabilitate irrigation systems. According to a press release from the Embassy of Japan in Cambodia, these funds are under the Grant Assistance for Grassroots Human Security Projects (“KUSANONE”). The […]
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