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ខ្មែរ 
115ha on Ta Prom Island to be Transformed to Mixed-Use Development
- 17 October 2022
The Council of Ministers has given a permit to Ta Prohm Investment Co., Ltd. to develop 116 hectares of land on Ta Prohm Island in Sangkat Prek Eang, Khan Chbar Ampov into a new development zone. According to letter No. 821 of the National Assembly dated 23 September 2022, the company will develop Ta Prom Island into a mixed economic zone, a residential area, and a satellite city. The Phnom ...
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Local firm signs MoU with Thai Corp importing robots to Cambodia for multiple industries
- 17 October 2022
Local company AZ Group has signed an MoU with Thai company TKK Corporation to import automated robots into Cambodia for usage in various sectors from industry, and service, to construction and property. Under this MoU, the two firms will set up a new business sector that imports Hi-Tech Robotic Systems and integrated platforms consisting of Service Robot, Industrial Robot, and Cira Core Technol...
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2023: Good Time for Investing in Real Estate?
- 15 October 2022
A leading real estate expert has predicted that 2023 will be a good year to invest in real estate for those who have high capital and expect long-term returns, as property price in 2023 is expected to rise much compared to 2022. CBRE Cambodia Associate Director Kim Kin Kesa said that in 2023, potential investors should look to invest in land in areas with long-term development potential. "Th...
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MPWT Vows to Complete Study on New Waterway Connecting PP-Kampot in Early 2023
- 14 October 2022
The Ministry of Public Works and Transport (MPWT) has pledged to complete the feasibility study on a new waterway connecting Phnom Penh to Kampot through Tonle Bassac by 2023. MPWT Minister HE Sun Chanthol said on 14 October that the Tonle Bassac Navigation and Logistics Study Project is under review and discussion with the China Bridge and Road Corporation (CRBC) and the experts of CCCC Water ...
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Vietnam, Cambodia Speeds Up Study on Railway Connecting Phnom Penh & Ho Chi Minh
- 14 October 2022
Vietnam has urged Cambodia to speed up the feasibility study of a direct railway connecting Phnom Penh and Ho Chi Minh City. The discussion on this project was raised during the meeting between MPWT Minister HE Sun Chanthol and Vietnam Ambassador to Cambodia HE Nguyen Huy Thang on 12 October. The meeting was held to strengthen ties and cooperation in the field of transport infrastructure to ...
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Techo International Airport Construction 40% Complete While Five Banks Invest US$23m
- 14 October 2022
The construction of Techo International Airport (TIA) is now 40% complete as of October as the work is scheduled to finish in 2024. The Cambodia Airports Investment Corporation (CAIC) updated the construction process at the signing ceremony of TIA guaranteed bond investments on 14 October. (Read more) Cambodia Airports Investment Corporation (CAIC) is a joint venture between the Royal Govern...
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Five Banks Invest US$23m in Guaranteed Bonds for New Phnom Penh Airport
- 14 October 2022
Five commercial banks have signed agreements with Cambodia Airport Investment Co., Ltd (CAIC) investing over US$23 million in guaranteed bonds to support the development of Techo International Airport. The five banks include Cathay United Bank (CUBC), First Commercial Bank (FCB), Mega International Commercial Bank (Mega ICBC), Taiwan Cooperative Bank (TCB), and Union Commercial Bank (UCB, a Cam...
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Cambodia-Korea MPWT Research Lab Inaugurated
- 14 October 2022
The Cambodia-Korea Techo Sen Public Works and Transport Laboratory was officially inaugurated on Thursday 13 October. The inauguration ceremony was presided over by Minister of Public Works and Transport HE Sun Chanthol and Ambassador of the Republic of Korea to Cambodia HE HE Park Heung-kyeong. The objective of establishing this laboratory is to contribute to the development of road infra...
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Allegedly Stolen 280,000 Barrels of Crude Oil Returned to Cambodia; Sold for US$25m
- 14 October 2022
Over 280,000 barrels of crude oil, the first commercial production in Cambodia's history, have returned home after being allegedly stolen and shipped out of the country without the government's acknowledgment last year. Ministry of Mines and Energy spokesman Meng Saktheara said on 12 October that the oil was sold for more than US$25 million in September, which is considered historic revenue for...
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Real Estate Market in 2023 Not Recovering to Pre-COVID Rate Yet: CBRE
- 14 October 2022
The real estate market in Cambodia is expected to improve only slightly in 2023, not yet reaching the levels of pre-COVID-19, according to the forecast of CBRE Cambodia Associate Director Kim Kin Kesa. She predicts that real estate prices will continue to stabilize, just similar to the rate in 2022. However, the number of real estates transactions are likely to grow next year. "Nevertheless,...
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Cambodia-Vietnam to connect new tourist destinations by sea
- 13 October 2022
Cambodia and Vietnam have approved an action plan to link tourist destinations by sea and build joint cruise packages as part of the South Sea Tourism Corridor Cooperation, especially the new sea route, Kampot Tourism Port and Tourism Port. Bai Vong.This is according to the third bilateral meeting on tourism cooperation between Cambodia and Vietnam on October 10, 2022. Previously, both sides ha...
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55 Rural Roads in Banteay Meanchey Affected by Floods
- 13 October 2022
55 rural roads with a total length of 582km in Banteay Meanchey province were affected by floods, according to the report by the Director of Rural Development Chea Yuthearun on 11 October. Mr Yuthearun said that as of 10 October, the flood has damaged 55 roads, and each road has a different level of damage from mild to severe. “8 roads are in O’Chrov district, 17 in Preah Net Preah district,...
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