France to Help Expand Sihanoukville International Airport in Early 2023
Vinci Airports, a company that develops and operates major airports in Cambodia, has promised to assist Cambodia in upgrading the Sihanoukville International Airport in early 2023. The promise was made during a meeting between Cambodia PM Samdech Hun Sen and President of Vinci Airports Nicolas Notebeart on 16 December, In the meeting, Mr Notebeart expressed sincere thanks to the governm...
Read MorePM urges more French companies to invest in Cambodia
Cambodia PM Samdech Hun Sen has called on French companies to further study and seek more investment opportunities in Cambodia to maximize the benefits of bilateral and multilateral cooperations, especially in food processing, medicine and pharmaceuticals, light manufacturing, and automotive sectors. PM Hun Sen made the remark in a meeting organized by MEDEF International in Paris on 13 Decembe...
Read MoreConstruction of Standardized Landfill in Svay Rieng officially Begin
The construction of the new standardized landfill in Svay Rieng province officially began on 16 December with the groundbreaking ceremony presided over by Secretary of State of the Ministry of Environment HE Chay Samith. Located in Ok Neak Village of Sangkat Sangkor, the landfill is being built on an area of 46,200 square meters. The landfill will have the capacity to handle the solid waste in...
Read MorePestech Inks MoU to Build Two Solar-Based Assets in Cambodia
Locally-listed Pestech (Cambodia) plc (PCL), the subsidiary of Malaysia-based International Bhd, had signed a memorandum of understanding (MoU) with Attwood Investment Group Co Ltd (AIG) to collaborate on the development of two feasibility studies on the construction or ownership and operation of solar-based assets in Cambodia. In a filing to Bursa Malaysia on December 15, the company said that...
Read MoreCambodia Needs up to US$2b Fund to Reduce Greenhouse Gas Emissions
Cambodia needs approximately a US$500 million to US$2 billion fund to implement multiple strategic plans to reduce greenhouse gas emissions. HE Tin Ponlok, Secretary of State of the Ministry of Environment said during a meeting with the French Agency for Development (AFD) on 15 December, that this is part of the government's plan to achieve carbon neutrality by 2050. This amount of fundin...
Read MoreCambodia, S. Korea vow to Develop Green Building Program to Promote Carbon Neutrality by 2050
Cambodia's Ministry of Environment and South Korea's the Institute of Civil Engineering and Construction Technology have pledged to strengthen cooperation on bilateral green building programs, aiming to promote carbon neutrality by 2050. According to an announcement by the Ministry of Environment on 15 December, both parties also discussed the plan to continue and explore the possibility of...
Read MoreGov’t Approves US$99m Loan to EDC to Level Off Electricity Price
In 2023, the Cambodian government will provide a loan in the amount of KHR406,500,000,000 (over US$99 million) to Electricite du Cambodge (EDC) to ensure the stability of electricity prices, according to the Law on Finance for Management 2023. Prime Minister Samdech Hun Sen also recently gave an order that EDC and the Ministry of Mines and Energy must keep the price of electricity stable regar...
Read MoreMonument aux Morts Statue to be Rebuilt in Phnom Penh
The Monument aux Morts, a symbol of the solidarity between Cambodia and France which was demolished in the 1970s, will be rebuilt in front of the French Embassy near the Chroy Changvar roundabout. The plan to rebuild the statue was announced by Cambodian Prime Minister Samdech Hun Sen during a meeting with French President Emmanuel Macron in Paris on 13 December, Cambodia’s news state agency ...
Read MoreCanada Introduces New Technology to Cambodia’s Construction Sector
Canadian companies Duraflex and QBT have introduced their latest technologies to upgrade the construction and irrigation sector in Cambodia. The technology was unveiled during the meeting between the firms' representatives and the General Department of Technical Affairs of the Ministry of Water Resources and Meteorology on 13 December. This technology will enhance the construction sector t...
Read MoreADB Assists Cambodia on Energy Transition Programme
The Asian Development Bank (ADB) has approved a sector development programme that combines a US$50 million policy-based loan package with US$23 million in project investments to support the energy transition of Cambodia According to a press release issued on 15 December, the Energy Transition Sector Development Program includes ADB’s first comprehensive policy reform package for the energy sec...
Read MoreCambodia to promote sustainable beach development
Cambodia will expand cooperation with other coastal members to ensure further development of its coastline. Minister of Land Management Urban Planning and Construction HE Chea Sophara said on 13 December that joining the Club of the Most Beautiful Beaches in the World will drive a new turning point for Cambodia, both in terms of socio-economic aspects, tourism, urbanization and the environment....
Read MoreGov’t Allocates Nearly 600ha of Land to Jarai Indigenous Community in Ratanakkiri
The government has allocated nearly 600 hectares of land for the Jarai indigenous community in Patang village, Sasan commune, O'Yadao district, Ratanakkiri province, along with granting ownership to each family. According to Sub-Decree No. 222 on 24 October, the land was allocated from two locations. 189 hectares is from the forest protection zone and the other 401 hectares is from the economi...
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