ADB, EDC Ink Deal to Build 2GW Solar & Battery Storage Facility in Cambodia
The Asian Development Bank (ADB) has signed an agreement with Cambodia’s Électricité du Cambodge (EDC) to support the development of 2 gigawatts (GW) a solar power plant in Cambodia. The agreement aims to help the country achieve its goal of carbon neutrality by 2050, according to an ADB press release issued on 2 November. Under this agreement, ADB will help EDC conduct a nationwide study on...
Read MoreCambodia to Build Three More Deep-Sea Ports to Boost Trade with US & Europe
Cambodia is planning to build three more deep-sea ports in the Kingdom, aiming to boost direct freight access to and from the US and European nations. The plan was confirmed by HE Minister Sun Chanthol in a press conference on 27 October 2022. "The first port is the expansion of Sihanoukville port to 14.5m by 2026. We are also studying to build two more ports, one 16.50m and the other 17.50m...
Read MoreResidential Property Price Index in Phnom Penh Increases to 115.4
In August 2022, the Residential Property Price Index (RPPI) in Phnom Penh increased to 115.4, indicating a 15.4% increase in prices over the base year 2020, according to the National Bank of Cambodia’s report issued on 3 November. The average housing price in Phnom Penh is 468.4 million riels (US$114,164) in August 2022, an increase of 1.5% and 1.8% over the previous month and the same period l...
Read MoreCarbon Credit Zone in Cambodia Rises to 3 million Hectares in 2022
The natural protected zone that is eligible to convert to carbon credits in 2022 has increased to 3 million hectares from 1 million hectares, according to HE Net Pheaktra, Secretary of State and Spokesperson of the Ministry of Environment recently. “2022 is a turning point in which our country has received revenue from the protected zone through the sale of carbon credits. The sale of this carb...
Read MoreDoes Cambodia Still Lean Towards China, or Has It Already Shifted & Why? Effects on Economy & Real Estate
Recently, the Cambodian government has taken a proactive stance and issued a series of measures to crack down on gambling and related crimes across the country, especially in Sihanoukville, which has been labeled by the foreign press as a hotbed of online crime. This issue has been occurring continuously in Cambodia for some time, but why is the government rushing to act now? What is the Cambod...
Read MoreCambodia has 51 Air Quality Monitoring Stations Nationwide
To date, there are a total of 51 air quality monitoring sites throughout Cambodia to collect daily air data to evaluate and manage air quality in Cambodia. The figure was provided by HE Net Pheaktra, Secretary of State and Spokesperson of the Ministry of Environment, in a meeting on 31 October. "To inspect the air quality in our country, we have set up 51 air inspection sites in Cambodia, in...
Read MoreJICA Launches Three Campaigns for Siem Reap Smart City Project
The Japan International Cooperation Agency (JICA) has been working with the Cambodian government to transport Siem Reap into a smart city, with three major action plans set for 2022 to 2025. According to discussions at an official meeting on 31 October, the second phase of the project will be implemented from May 2022 to March 2025, and implement three activities, including: 1). Establishmen...
Read MoreKingdom’s First Expressway Opened for Traffic, Second Set to Begin Construction in 2023
The 187km Phnom Penh-Sihanoukville expressway, the first of its kind in Cambodia, opened for traffic on 1 October with a 1-month toll-free trial, marking a major achievement in infrastructure development. The route will play a key role in boosting the country’s logistical efficiency by reducing the time and costs involved in the transportation of goods. The expressway cuts the commuting time be...
Read MoreGov’t, Top Broadcasters Sign Statutes on Digital TV Platform Operation
The Ministry of Economy and Finance and the Cambodian Television Alliance, signed on 1 November the "Company Statute" to operate the "Cambodian Digital Television" company. According to the statute, there are 7 board members, 1 representative from the Royal Government and 6 representatives from the Cambodian Television Alliance, with Lok Chumteav Hun Mana being elected as Chairman of the Board ...
Read MoreROC Collects Over 150 Tons of Garbage from Rivers in 7 Months
In the first seven months of 2022, River Ocean Cleanup (ROC) has collected over 150 tons of garbage from rivers to help promote natural biodiversity. In an interview with the General Department of Radio National of Cambodia on 31 October 2022, Mr. Nou Sovann, Executive Director of ROC, said that the organization is carrying out its historic river clean-up mission while the mission is underway. ...
Read MoreRoyal Railways Officially Issues US$10 million Bond on CSX
Royal Railway PLC, a provider of rail, train, passenger, warehouse, and customs services has listed bonds of a total of 41 billion riels (approximately US$10 million) on the Cambodia Securities Exchange (CSX). The official bond listing ceremony was held on 31 October 2022, in the presence of Okhna Kith Meng, President of Royal Group, and HE Hean Sahib, Secretary of State of the Ministry of Econ...
Read MoreCambodia’s First Wildlife & Aquarium Park Open in November
ANGKOR WILDLIFE & AQUARIUM, a park with “rare” fish, other animals and various species in Cambodia officially opened on 1 November 2022. The park is located along NR6, in Kbon village, Khchas commune, Sot Nikum district, Siem Reap province. The park complex covers more than 10,000 sqm and feature freshwater and marine fish species that already exist in Cambodia and some imported from abr...
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