Cambodia Gov’t Mulls Issuing Bonds Worth Over US$300 million in 2022
The Cambodian government plans to issue its first sovereign bonds worth US$300 million worth next year to raise more funds for public investment projects to boost economic growth and productivity. The Ministry of Economy and Finance (MEF) unveiled this plan in the executive summary of the Draft Law on Finance for 2022, which was approved […]
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New Villa Type and Sales Open House: Chankiri Palm Creek Marches Towards A Better Way of Living
Award-winning real estate developer Urbanland held a groundbreaking ceremony to officially launch the new phase development of Chankiri Palm Creek, followed by an Open House launching event on Saturday 23 October. Designed to put people’s needs first and reflect buyers’ aspirations for a better future, the new development brings to life Urbanland’s people-centered design philosophy. […]
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Russey Keo-Chroy Changva Concrete Bridge 60% Complete
Construction of the concrete bridge across the Tonle Sap River from National Road 5 in Khan Russey Keo to National Road 6 in Khan Chroy Changvar was 60% complete as of 23 October 2021, according to the Department of Public Works and Transport of Phnom Penh. This concrete bridge is being built parallel with the […]
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Over 700kg of Gold Ore Refined in Three Months
Renaissance Minerals has refined over 700kg of gold ore in three months of the refinery production process in northeastern Cambodia’s Mondulkiri province, while over 500kg has already been exported to Australia for purification. Speaking at the cabinet meeting held last Friday, Samdech Techo Hun Sen, Prime Minister of Cambodia, said, “In the three-month period, Cambodia […]
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Cambodia Needs 1.6 billion SDR to Develop Six Prioritised Sectors in 2022
The Cambodian government would need a total of 1.6 billion SDR (international reserve assets) to develop six prioritised sectors or equivalent to 35 public investment projects in 2022, according to the new Draft Law on Financial Management. The SDR will be allocated to sectors such as energy (8 projects), irrigation (5 projects), physical infrastructure (7 […]
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‘Clean Energy Week’ to Bring Inclusive Development of Green energy for Cambodia
Clean Energy Week, Cambodia’s biggest convention on clean energy, has already begun, hoping to bring Cambodia a more advanced and inclusive development plan in green energy. Held between 21-28 October online, the virtual event organised by EngeryLab Cambodia shares how clean energy can bring much needed green investment and jobs, while supporting energy security, improving […]
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Various Investment Projects Worth US$95 million Approved for Four Provinces
The Council for the Development of Cambodia (CDC) has recently given permits to private firms to invest a total of US$94.9 million in establishing seven factories in Phnom Penh, Kampong Speu, Sihanoukville, and Svay Rieng. The first investment permit has been granted to TREND APPAREL CO., LTD to invest US$2 million to build a garment […]
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PM Hun Sen to Begin Chairing National events Marking Cambodia’s Resilience to COVID-19
Cambodian Prime Minister Samdech Hun Sen has announced that he will start to preside over inauguration or groundbreaking ceremonies of infrastructure projects from now on after the number of COVID-19 cases have dropped significantly in the past months. This also marks the new normal of Cambodia being resilient to the COVID-19 pandemic, said PM Hun […]
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Cambodia Wins Three Recognitions from ASEAN Sustainable Cities Awards Event
Phnom Penh, Sen Monorom and Kep cities have grabbed three certificates of recognition for clean land, water, and air from the 5th ASEAN Environmentally Sustainable City (ESC) Award event organised by Indonesia on 21 October. The award-giving ceremony was held virtually via Zoom, with the participation of governors and relevant officials from across ASEAN countries. […]
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NR5 Renovations for Pursat Province Section Set for Completion by Years End
The new Pursat Governor HE Chiao Tai has requested the Inter-Ministerial working group to accelerate work on NR5 for the section crossing Pursat province, aiming for completion by year-end or early next year. HE Chiao Tai made the request during the progress follow-up meeting with the relevant officers on Thursday 21 October. He said during […]
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Gov’t Sets New Regulations Strengthening Control Over Casino Businesses in Cambodia
The Cambodian government has issued new regulations to strengthen control over casino businesses in Cambodia, with all operators required to have a specific minimum capital depending on the types of business. The sub-decree, dated 26 August and released to the public within this week, stated that for casinos operating within an integrated commercial gambling centre, […]
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Pandemic & Rise in Office Supply in Q3 Pulls Occupancy Rate Down by 4.6% Q-o-Q
The office market in Phnom Penh in Q3 remains under pressure with a 4.6% q-o-q drop in occupancy rates, and a 1.9% to 2.8% decrease of quoted rental prices across various types, according to CBRE Cambodia’s recent report. Given the current situation, landlords should be cautious of risks only not from the high vacancies caused […]
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