Phnom Penh Governor Urges Establishing More Cancer Hospitals
Phnom Penh Governor HE Khuong Sreng has urged both the private and public sectors to build more modern specialised cancer hospitals and clinics while existing ones shall be equipped with updated technology to meet the rise in demand. HE Khuong Sreng made the remarks at the inauguration ceremony of Orange Cancer Clinic on Tuesday 30 […]
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Cambodia Hosts Seminar Disseminating New Investment Law for 300 Chinese Investors
The Council for the Development of Cambodia (CDC) yesterday held a seminar to disseminate the new investment law for over 300 Chinese investors and businessmen via an online platform, aiming to attract more investment. During the seminar, CDC also unveiled that as of October 2021, Chinese investment in Cambodia has reached US$27 billion with the […]
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Gov’t to Compile Development Masterplan for Koh Kong’s Offshore Islands
The Koh Kong Provincial Administration and relevant authorities will start inspecting, collecting data, and compiling a development masterplan for more than 23 islands in Koh Kong province, to enhance the management system, promote tourism, and attract more investors. The action plan was set during a meeting of relevant officials on 25 November, chaired by Provincial […]
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MLVT: Surge in High-Rise Building Constructions Uplift Demand for Skilled Human Resources
The recent surge in high-rise building constructions in Cambodia has scaled up the demand for skilled human resources in the elevator business sector to a large extent, according to the Ministry of Labour and Vocational Training (MLVT). MLVT Secretary of State HE Pech Sophoan made this remark at the opening ceremony of the training course […]
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New Beach Club at Otres Beach Officially Opens
A new beach club along Otres beach in Sihanoukville was officially opened yesterday in the presence of Sihanoukville Governor HE Kouch Chamroeun and Deputy Prime Minister HE Men Sam An. Owned by Golden Sun Sky Entertainment, this resort is a modern recreation centre that includes resultants, lounges, bars, and clubs with private boat docks and […]
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New Investment Law Indirectly Provides Tax Incentives for Construction Sector
Cambodia has recently officially endorsed the new investment law, which provides a wide range of favourable conditions, tax exemption, and non-tax incentives for qualified investment projects (IQP). What is IQP? Are construction companies/projects eligible for incentives? QIP refers to an investment project that has received a registration certificate from the Council for the Development of […]
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UN-Habitat, S. Korea to Build Floating City, Pioneering New Living Amid Rising Sea Level
A floating city is planned to be built offshore of South Korea’s Busan city and will become a model floating city for city development to coastal cities around the world amid the issues of rising sea levels and climate changes. The project is a cooperation between UN-Habitat, the South Korean government, and Oceanix, a company […]
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PM Orders Immediate Seizure of Illegally Owned Land Around Tonle Sap
Prime Minister Samdech Hun Sen has ordered an immediate seizure of all the illegally owned mangrove forest land in the Tonle Sap region from encroachers regardless of their social status, while a special working group has also been established to investigate and tackle the issues. Samdech Hun Sen stated in a voice message that the […]
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FDI in Cambodia at US$39 billion as of H1 2021; Real estate & Construction Contribute 15.9%
As of H1 of 2021, Cambodia received a total of US$39 billion in foreign direct investment (FDI), an increase of 9.6% compared to the same period last year, according to statistics released by the National Bank of Cambodia on 27 November. The real estate sector ranked third, accounting for 12.2% of total capital, equivalent to […]
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Housing Association, Water Authority Join Hands Expanding Water Supply to Outlaying Residential Projects
The Housing Development Association of Cambodia (HDAC) and Phnom Penh Water Supply Authority (PPWSA) will work together to address the shortage of clean water networks in construction sites, boreys, and condos, among other real estate development projects across Phnom Penh’s outlaying regions, amid a rise in demand. According to a meeting on Friday 26 November, […]
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Cambodia-Thai Borders in Battambang & Banteay Meanchey Set to Open Soon
The Cambodian and Thai governments have agreed to open multiple land border checkpoints between Cambodia’s Battambang and Banteay Meanchey provinces and Thailand’s Sa Kaeo Province . The decision was made during a meeting on Thursday 25 November between Banteay Meanchey Governor HE Um Reatrey, Battambang Governor of HE Sok Lou, and Sa Kaeo Governor HE […]
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Construction of PP-SHV Expressway 70% Complete, Set to Finish Ahead of Schedule
Construction of the 190km Phnom Penh-Sihanoukville expressway is approximately 70% complete as of November 2021, according to the Ministry of Public Works and Transport (MPWT)’s spokesperson Heang Sotheayuth. Mr Sotheyuth added that the project is expected to be completed ahead of schedule, moving from 2023 to late 2022. Early this month, the Chinese company building […]
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